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The token launch of the Sui blockchain, led by former Novi developers, has attracted much fanfare on the world's largest exchange.

Sui network, a decentralized permissionless smart contract platform, is set to launch its mainnet on Wednesday, 12 pm. UTC. In addition, the Sui network embarked on a journey to distribute its token, SUI, to as many users as possible.

The native token of the Layer 1 blockchain Sui is scheduled to launch today and will be available for trading on centralized exchanges.

Crypto News: Sui Network, a Layer 1 blockchain's native token SUI (IOU) is set to make its debut on the world's largest crypto exchange, Binance. As per the announcement, Binance will list Sui and open trading for its 6 pairs (SUI/BTC, SUI/USDT, SUI/TUSD, SUI/BNB, SUI/EUR, and SUI/TRY) on May 3, 2023.

A recent tweet from an analyst has sparked some controversy in the cryptocurrency community, with the individual labeling the SUI token as "complete vaporware" and suggesting that acquiring an allocation of anything above five billion tokens would be a great sale. The term "vaporware" implies that the token has no real value or substance, essentially branding it as an empty promise.

Ahead of the launch, Sui has raised huge amounts of money: Mysten Labs closed a $300 million Series B round last September, reaching a valuation of $2 billion, according to CrunchBase.

The hype surrounding the Sui network and its native token SUI led South Korea's largest crypto exchange Upbit to join top exchanges Binance, Coinbase, OKX, Huobi, and others. The DPoS Layer 1 blockchain Sui mainnet is scheduled to officially launch on May 3 at 12 pm UTC, said Mysten Labs, the team behind the Sui.

Sui Network, a Layer 1 blockchain network, is launching its mainnet today, May 3, at 12 pm UTC.

Major exchanges have announced that SUI will be available tomorrow. Others had launched early token sales.

The new layer 1 is being called a designated Proof-of-Stake (dPoS) blockchain, said Mysten Labs, the team behind Sui.

Sui sets itself apart from other Layer 1 chains with its focus on instant transaction finality, reduced latency in smart contract deployment, and overall transaction speed.

Binance has announced the introduction of Sui (SUI) on its Launchpool platform.

Tron founder Justin Sun has issued an apology to Binance CEO Changpeng Zhao after getting called out for attempting to participate in the Binance Launchpool for SUI and farming the token using 56 million TUSD.

As per the recent development, Binance announced SUI to be the 33rd project on its launch pool.

Sun apologized for the massive TUSD transfer to Binance amid SUI farming, blaming the incident on an ignorant team member.

Binance's native BNB is making gains as crypto markets retreat today. The latest Binance Launchpool project, Sui farming, has driven the move.

KuCoin, one of the largest cryptocurrency exchanges by net trading volume, held a KuCoin Spotlight Fiesta: A 1,000,000 USDT Rewards Pool to SUI Spotlight participants, the event took place between April 10, 2023 and May 12, 2023. The participants will be able to win various ‘Mystery Boxes' with lucrative bonuses for traders.

At ETHDenver, one of the year's biggest events on the crypto circuit, tensions have gone public between Aptos and Sui, two startup blockchains staffed by teams of individuals who emerged from Facebook's defunct Diem stablecoin project. "The Hash" panel discusses the details and subsequent industry implications.

Tencent Cloud, a subsidiary of technology company Tencent, announces to actively support Web3 developments and contribute to the sustainable development of the global Web3 community. The cloud service company has partnered with crypto platforms including Ankr, Avalanche, Scroll, and Sui for improvements in the Web3 ecosystem.

Ankr will provide a geo-distributed and decentralized Sui RPC with multiple blockchain nodes to strengthen the global Sui network.

Sui, the Move-based blockchain founded by a team of Meta alumni, has brought web3 infrastructure provider Ankr aboard to provide RPC (Remote Call Procedure) services. The landmark partnership will make it easier for developers and projects to build on Sui's permissionless layer-1 network, which recently launched its first testnet Wave 1.