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Bitget Wallet’s Announcement for the Exchange of $SUIBG for $SUI

Bitget Wallet’s Announcement for the Exchange of $SUIBG for $SUI image 0

Dear Bitget Wallet (Previously BitKeep)ers,

The massive success of Arbitrum has sparked an “airdrop craze” in the crypto community. Everyone is looking for the next big project and potential airdrop. Sui, the first fully permissionless Layer 1 blockchain, has now become the target. All blockchain enthusiasts are anticipating its mainnet token ($SUI) airdrop. However, things have gone contrary to the community’s wishes, as the co-founder of Mysten Labs, the company behind Sui, has denied the possibility of airdrop chances.

To further support the development of the Sui ecosystem and the innovation of Layer 1 blockchains, Bitget X Bitget Wallet (Previously BitKeep) has launched an airdrop for the Sui Futures token ($SUIBG) on March 17th. Since its launch, $SUIBG has emerged as the sole chance for users to receive SUI airdrops at no cost. It has consistently topped the charts on Polygon's list of new user project interactions and has generated significant buzz within Web3 user communities, receiving a warm reception from enthusiasts and participants alike.

As the exchange certificate for the official SUI token, $SUIBG airdrops can be obtained through red packets, trading rewards, friend referrals, and participating in the Bitget SUIBG carnival. Additionally, Bitget Wallet (Previously BitKeep) is distributing up to 50 $SUIBG tokens to eligible $ARBK claimants as a token of appreciation for their support of Bitget Wallet (Previously BitKeep)'s innovative asset airdrop campaigns.

According to Sui's official documentation, the total supply of $SUI is 10 billion, with its Initial Exchange Offering (IEO) commencing on April 15th across multiple cryptocurrency exchanges. The trading of SUI is set to begin on May 3rd. With a total supply of 100 billion $SUIBG tokens, eligible users can exchange their $SUIBG tokens for $SUI tokens at a ratio of 10:1, as promised. The exchange will occur within seven business days after the official SUI token is available for trading on top exchanges.

Bitget Wallet (Previously BitKeep) is pleased to announce that the $SUIBG to $SUI exchange window will be open from May 3rd, 2023, until 23:59 on May 12th, 2023 (UTC+8).

The procedure for exchanging SUIBG is as follows:

1. Bitget Wallet (Previously BitKeep) will halt the red packet airdrop of $SUIBG issued by cooperative channels at 0:00 on May 3rd, 2023 (UTC+8). A snapshot of users who participated in the trading rewards and friend invitation campaign holdings will be taken at 20:00 on May 3rd, 2023 (UTC+8). $SUIBG rewards will be issued to these users before 23:59 on May 5th (UTC+8).

2. Users who meet the conditions for exchanging $SUIBG for $SUI must transfer their $SUIBG to the dedicated wallet address below before 24:00 on May 7th, 2023 (UTC+8): 0x633ae7e291fb5A52677309E0C5BFCff366D9A774

3. Bitget Wallet (Previously BitKeep) will review the received $SUIBG transferred by users to determine if the exchange conditions are met. Eligible users will be airdropped $SUI before 24:00 on May 12th, 2023 (UTC+8), while ineligible users will be returned the same amount of $SUIBG they transferred.

4. The categories of eligible users who fulfill the exchange conditions are:

A. Users who obtained $SUIBG through red packets must complete a Token Swap or NFT transaction using Bitget Wallet (Previously BitKeep) wallet before 23:59 on May 7th, 2023 (UTC+8). The $SUIBG received through red packets can be exchanged for $SUI.

B. Users who received $SUIBG from trading rewards via Token Swap and NFT transaction volume (NFT transactions on Arbitrum are excluded) using Bitget Wallet (Previously BitKeep) wallet reach the corresponding amount between $100 to $100,000. The rewarded 1-1000 $SUIBG can be exchanged for $SUI.

C. Users who invited friends to trade over $100 using Bitget Wallet (Previously BitKeep) wallet. The rewarded $SUIBG can be exchanged for $SUI.

D. The valid claimants of $ARBK who received the $SUIBG airdrop need to complete a Swap or NFT transaction before 24:00 on May 7th, 2023 (UTC+8). The $SUIBG obtained through the airdrop can be exchanged for $SUI.

E. Users who received the $SUIBG airdrop by participating in the Bitget $SUIBG Carnival event are eligible for the airdrop. Bitget will be in charge of the exchange; please refer to the announcement on Bitget.

5. Please note that only Bitget Wallet (Previously BitKeep) users who have obtained $SUIBG through the above official channels and events are eligible to exchange the airdropped $SUIBG for $SUI. $SUIBG obtained through Bitget Wallet (Previously BitKeep) Swap, DEXes, or transfers is not eligible for exchange.

6. Please make sure to add the Sui Network mainnet to the Bitget Wallet (Previously BitKeep) wallet address you initially used for the exchange application. We will match your Sui mainnet address and proceed with the airdrop.

Bitget Wallet (Previously BitKeep) reserves the absolute right to explain the terms and conditions. Rewards for the event and eligibility to claim them will be canceled if participants are found to engage in misconduct or cheat.

Many thanks for your support and trust in Bitget Wallet (Previously BitKeep). We will launch more trending Layer 1-related events and look forward to your participation!

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