Emerging Layer-1 blockchain Sui, built on the Move language, has confirmed it will not conduct an airdrop for its native SUI tokens. Instead, the tokens will be sold directly through major cryptocurrency exchanges, including OKX, Bybit, and KuCoin.
Why No Airdrop?
Mysten Labs, Sui's development team, repeatedly clarified that the project would never offer an airdrop. Co-founder Adeniyi Abiodun stated on April 10:
"Sui will forever have no airdrop."
This decision disappointed many users who had actively interacted with the Sui ecosystem in hopes of receiving free tokens.
Exchange Sales Details
Here’s how each exchange will handle the SUI token sale:
OKX
- Launch Date: April 23, 2023 (UTC+8)
- Total Supply: 225M SUI
- Price: $0.10 per SUI
- Purchase Limit: 10,000 SUI per person
- Whitelist Discount: Ecosystem contributors can buy at $0.03 per SUI.
- Method: Lottery-based allocation
Bybit
- Early Access: Whitelisted users get priority
- Supply: 94M SUI
- Price: $0.03 per SUI
- Sale Starts: April 18, 18:00 (UTC+8)
KuCoin
- Total Supply: 225M SUI
- Price: $0.10 per SUI
- Purchase Limit: 10,000 SUI per person
- Methods: Lottery + Whitelist allocation
👉 Check OKX’s SUI sale details
BitKeep Wallet’s SUI Futures Alternative
BitKeep Wallet, in collaboration with Bitget, introduced SUIBG, a futures token representing SUI. Users holding SUIBG can:
- Complete tasks to qualify for a 1:1 SUI exchange later.
- Only officially distributed SUIBG is eligible—third-party purchases won’t be honored.
Community Backlash: "No Airdrop = No Community?"
Despite Sui’s consistent stance against airdrops, some users expressed frustration:
"No airdrop means no community loyalty."
Critics argue that failing to reward early testnet participants and ecosystem supporters may hurt long-term adoption.
FAQs
1. Why did Sui cancel its airdrop?
Sui’s team believes direct exchange sales provide fairer distribution than airdrops, which often attract mercenary farmers.
2. How can I buy SUI tokens?
Participate via OKX, Bybit, or KuCoin during their respective sales. Whitelisted users get discounted rates.
3. Will Binance list SUI?
As of now, Binance has not announced SUI trading.
4. Is SUIBG a safe alternative?
Only official SUIBG distributions are guaranteed for future SUI redemption—avoid unauthorized sources.
👉 Explore Bybit’s SUI early access