SuiPad Price

As the official launchpad of the Sui network, several reasons make SUIP an interesting investment to consider. Although a new entrant in the crypto industry, the Sui blockchain is backed by established names and offers a highly scalable and versatile platform to power the web3 revolution.

As the official launchpad supporting the Sui ecosystem, a growth in developer activity on the blockchain could increase the appeal of the SuiPad launchpad. As more developers build and deploy projects on the network, there could be a higher demand for SuiPad’s services.

The increased on-chain activity could support the $SUIP price in the market. In addition to the rising adoption of Sui’s network and the SuiPad launchpad, the SUIP price statistics could also be boosted by a positive outlook among investors toward cryptocurrencies in general and key industry sectors, such as DeFi and web3.

Although providing a precise SUIP crypto price prediction is impossible, there are a number of factors that can be attributed to price action and volatility in SuiPad crypto. These include:

Level of Adoption

Increased adoption of the Sui network and the SuiPad platform among BUIDLers could support the price of SuiPad token in the market. As the platform supports more projects on its IDO launchpad, more users could buy and use the SUIP token, increasing the SuiPad value.

Future Developments

As the SuiPad platform rolls out more features in the future, such as its web3 Shark Tank, incubation program, and academy, the value of SUIP crypto could head higher. Developments such as new partnerships and investments could also boost investor confidence and send the SUIP to USD price higher.

Market Outlook

A favorable outlook among investors toward digital assets and critical areas of the industry, especially web3 and DeFi, could also increase the demand for SUIP tokens in the market. The SuiPad price could strengthen amid positive or bullish sentiment in the crypto market. On the other hand, bearish conditions could cause selloffs that weaken the SUIP price.

SUIP is the native token of the SuiPad launchpad. Users who want to participate in IDOs taking place on SuiPad will need to stake SUIP tokens.

The more tokens users stake, the higher tier they can earn and the bigger the allocation size they can receive during a project’s IDO. Staking tiers are divided into Ruby (2,500 SUIP), Sapphire (5,000 SUIP), Emerald (10,000 SUIP), Diamond (50,000 SUIP), and Crown (50,000 SUIP).

It’s also possible to trade SuiPad crypto on exchanges to profit from changing market conditions and volatility. Buy or sell SUIP/USDT on KuCoin Spot Market or hold the token long-term if you believe in the prospects of the SuiPad project. Remember to DYOR before making investment decisions, as the crypto market is subject to high risks and unpredictability.

As of May 2023, the official staking program on SuiPad is yet to go live. Once it does, users can connect their wallets to the SuiPad platform and stake $SUIP tokens to participate in the launchpad’s IDOs and other activities. Watch this space for more information!

As per the SuiPad tokenomics mentioned on the project’s official documentation, the total supply of $SUIP is fixed at 100,000,000.

The initial circulating supply is set at 20,696,000 SUIP tokens, of which 10,000,000 will be for liquidity. The SUIP token distribution is as follows:

1. 20% will be allotted to the project’s team members.

2. 3% will be given to advisors.

3. 2% of the supply will be assigned for the pre-seed round.

4. 14.2% goes to the seed round for institutional investors.

5. 22% will be allocated for SuiPad’s strategic sale.

6. The remaining tokens have been distributed for IDO (9.8%), initial liquidity (10%), marketing and community activities (4%), launchpool (2%), and DAO Treasury (13%).

Official partners of SuiPad include Mysten Labs, Moonrock Capital, and Cleevio. SuiPad’s investors include NGC Ventures, Cogitent Ventures, GBV Capital, Rarestone Capital, Kernel Ventures, Kairon Labs, DAO Maker, and Maven Capital.