Cryptocurrency BNB, native to the Binance exchange, is surging at a time when the entire crypto market is in retreat. The reason for this rally is Binance's latest project, Sui farming, which allows customers to farm SUI tokens using staked BNB and TrueUSD (TUSD). The funded network operates on the Delegated Proof of Stake (DPoS) layer 1 blockchain, based on the Move programming language. BNB's gains have been further buoyed by the possibility of four trading pairs to be available on the exchange following the liquidity meeting of the requirements: SUI/BTC, SUI/USDT, SUI/TUSD and SUI/BNB.

The potential for farming SUI has given a boost to the demand of BNB, leading to a 5% increase in value over the past day, reaching a peak of $339 before slipping back to $333. Notably, TrueUSD is also trading above its retail value, with a $2 billion market capitalization, with the FOMO around SUI farming continuing to drive the demand for the stable coin upwards.

SUI tokens are set to be issued as rewards for farming in both pools, with a maximum supply of 10 billion. Of these, 44% will be allocated to early contributors, investors and the treasury, with the Sui Foundation managing the community reserve with control of 50% of tokens.

To date, 772.8 million True USD has been staked in the TUSD pool, with 8.9 million BNB, totaling almost $3 billion, staked into the BNB pool. The two days of farming incentives are set to begin on the 1st of May, with the listing on Binance and accreditation of liquidity meeting the requirements to follow soon after.



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