The Binance team has issued a warning and ban to Justin Sun from farming SUI tokens following his large TUSD transfer deposits on the platform earlier today.
The SUI layer 1 blockchain, which has been in development for a while, has gained a lot of interest and interest from the crypto community after announcing its mainnet launch scheduled for May 3, 2023.
Not only that, the news of the introduction of SUI tokens on the Binance launch platform also aroused the interest of cryptocurrency investors, which most likely includes the interest of the founder of TRON, who deposited a large amount of tokens required to farm SUI tokens.
Binance takes strict measures to secure the SUI at launchpool
Binance Exchange made an announcement yesterday on its official website and social media, offering the SUI layer 1 blockchain token to its launch pool.
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This announcement was received positively by cryptocurrency users and investors who have taken advantage of the exchange platform and who have been heavily anticipating the launch and issuance of the SUI token for a while now.
With the development of the new Launch Kit, Binance users have been given the opportunity to generate SUI tokens and receive allocations simply by placing BNB and TUSD stablecoins.
Earlier today, a whale alert a report He captured a large stable TUSD transfer by TRON founder Justin Sun, which was deposited on the Binance platform.
Justin Sun and Partner TUSD Maker transferred and deposited 56,100,000 TUSD stablecoins on the CZ exchange a day after the announcement.
While the reason for the large deposit was not clear at the time, the Binance team assessed the state of the deposit and implemented effective countermeasures into the possibility that Justin had intentions of cultivating SUI using whale deposits.
Binance CEO Changpeng Zhao came online and confirmed with a Answer Noting that the launch pad is for airdrops for retail users and not just for a few whales.
However, Justin responded in a tweet by apologizing for the misunderstanding of the deposit, saying that the primary goal of the TRON DAO project is to facilitate market making and enhance liquidity among the leading TUSD exchanges and not to participate in exchange offerings.
As a partner market maker of TUSD, TRON DAO Venture’s primary goal in the TUSD deposit is to facilitate market making among the leading TUSD exchanges, thereby enhancing liquidity and trading volume, rather than participating in any exchange promotions.
– His Excellency Justin Sun 孙宇晨 (justinsuntron) May 1, 2023
SUI’s first layer Blockchain is building positive momentum and interest
The SUI Layer 1 blockchain technology has gained a lot of attention from the blockchain community with its smart contract platform that is uniquely designed to make ownership of digital assets secure, fast, private and accessible.
With its mainnet launch scheduled for May 3, 2023, SUI Network is programmed to bring about a transformative blockchain experience for its users through everyday facilities that go beyond peer-to-peer payments, gaming, and social media interactions.
The SUI network and Layer 1 blockchain is already gaining momentum as its platform builders and users seek to take advantage of the myriad opportunities that come with the launch of a new blockchain ecosystem.
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