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Sui is a highly scalable, high-throughput Layer-1 blockchain designed for global Web3 infrastructure and fast execution. The native utility token, SUI, is utilized for staking, network governance, and processing transaction fees.
In April 2023, the project completed an IEO Round on KuCoin Spotlight, securing an exact $22.5 million investment. The general public sale offered 225 million SUI tokens at a price of $0.10 each. The token distribution was structured as a lottery, issuing 22,500 winning tickets to participants across the globe - with a strict limit of one winning ticket per user. The raised funds will be deployed to further scale the network's ecosystem and developer infrastructure.
CoinLaunch Score:
Last update:
High
04 Aug 2026
Sui - IEO Round on KuCoin Spotlight - Pool A Overview
start date:
15 Apr 2023
end date:
23 Apr 2023
price:
$0.1
tokens for sale:
225,000,000
Raise:
$22,500,000
Min. Buy:
N/A
Max. Buy:
$1,000
Industry:
Blockchain Infrastructure
Lock-up:
Launchpad
1/13 unlock at TGE, then 1/13 monthly over 12 months
KuCoin Spotlight
How to join Sui - IEO Round on KuCoin Spotlight - Pool A?
To participate in the KuCoin Spotlight lottery for SUI, users were required to complete advanced KYC2 verification and reside in eligible jurisdictions. Participants had to maintain a daily average Net Asset Value (NAV) of at least $50 in supported assets - such as USDT, USDC, BTC, ETH, or KCS - during the subscription period. Higher holding tiers could unlock up to 15 lottery tickets per account, though each user could only win a maximum of one ticket.
Each winning ticket granted a strict allocation of 10,000 SUI for an exact purchase price of $1,000. The system automatically deducted the required USDT from the winner's trading account upon conclusion of the lottery draw.
Step-by-step Guide
Register a new account on KuCoin and pass advanced KYC2 verification.
Hold a daily average balance of at least $50 in supported crypto assets to earn your first lottery ticket.
Navigate to the Spotlight portal to formally commit to the SUI token sale.
Wait for the official lottery draw results to verify your winning ticket status.
Ensure your KuCoin trading account contains exactly $1,000 in USDT to cover the automatic token allocation deduction.
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