SUI Joins Bybit’s On-Chain Earn Offering
Leading cryptocurrency exchange Bybit has added SUI to its On-Chain Earn offering, the innovative platform allowing its users to stake proof-of-stake cryptocurrencies like Ethereum and Solana. By adding SUI, the platform increases the amount of different assets supported, thus keeping in line with the ambitious vision of offering access and varied opportunities to earn digital income to its clients.
SUI, currently positioned as the 20th largest cryptocurrency by market capitalization, brings a fresh opportunity for users to contribute to blockchain security while earning staking rewards.
According to Joan Han, director of sales and marketing at Bybit:
“We are excited to expand our On-Chain Earn platform with the addition of SUI staking. This staking campaign reflects our commitment to empowering users with innovative and accessible ways to grow their crypto assets.”
Advantages of SUI Staking
By staking SUI with Bybit’s On-Chain Earn, users can actively participate in securing the layer-1 blockchain while earning competitive rewards on their stake. The platform ensures ease of use while granting access to blockchain involvement that is straightforward even for fresh crypto investors.
Event Celebration: 12,000 SUI Bonus Pool
To celebrate the launch of SUI staking, Bybit is offering a promotional event until Jan. 3, 2025. The promotional event offers a bonus pool of 12,000 SUI, which will be allocated proportionally according to the amount each participant has staked.
Eligibility and Details:
- Minimum Holding Time: Staked SUI should be held for at least 24 hours.
- Rewards Distribution: Staking rewards and bonus tokens will be credited daily to users’ funding accounts at 6:00 am UTC.
This event incentivizes users to stake SUI while offering them additional rewards for their participation
Recent Performance and Outlook
SUI has seen notable price movements, including a surge to an all-time high of $4.46 in December, following integrations like Phantom wallet and USDC support. Currently trading around $3.75, SUI’s addition to Bybit’s staking options could catalyze renewed interest and long-term adoption.
