Sui token will be launch on 24 April 2023. Three big exchanges Okx, Kucoin and Bybit are doing IEO on their launchpad with the price of 0.03 Allowlist price and 0.1$ Public price. The total supply of the tokens will be 10 billion. 50% will be used for Exchange launchpad and other purpose while 50% will be reserved by Sui Foundation for future. Token will be used for gas fee just like Aptos and Dao purpose.
Remember that only whitelisted users can buy at the price of 0.03$ per token. These are the loyal community who joined discord before 1 Feb. 96k people will be given allocation of 1500 token(45$) each. I am lucky to eligible for this whitelist sale.
What will be opening price and price where it will be stable. what should be entry price if whitelisted users dump it in first hours? Is it worth to invest in this coin?
Should i sell all token or hold some for better price just like Aptos?
There are many strategies when investing. High marketcap projects are generally safer but will have less upside than microcaps. Some people like to watch new listings on coingecko and invest in those before they are popular. The problem is that 90% or so of altcoin projects fail or the developers exit scam, especially in a bear market so you need to be really careful which investments you choose. One thing that I do is that I invest in a handful of projects that I believe in long term and I don't trade them. I have sell targets set and when the next bull market comes I will take a portion of those long term investments and sell them. I will never sell all of my crypto because with technology, the sky is the limit. My long term bags are XRP, IOTA, HBAR, 0xMR, UTNP.
Another thing you can do if you don't have a lot of funds is complete bounty tasks on Zealy io or apply for airdrops. Q Blockchain has been paying out Q rewards weekly and there are other bounties on Zealy like Shardeum, Mantle, zkSYNC, STARKnet, Lamina1, Layer0 and more. These are the next wave of blockchians and they are waiting for the next bull market before listing on exchanges. You can get them for free before they are traded. A lot of people got rich with UNI, APTOS, and ARB airdrops so don't miss out on this free money.
SUI should be avoided due to the fact that they said they would give 6% of the supply to the community and turned around and announced that they would sell it all in the ICO and people supporting the network and using the testnet would get nothing.
None of this is financial advice, it's just what I do personally.