The SUI token sale on Kucoin
I was lucky enough to be a part of the SUI token sale on Kucoin. I was quite nervous, because there were only a few tickets available and if you were a lucky winner, you had to buy tokens worth $1000. That is a lot of money, so I was hesitant about actually partaking even after I was selected one of the lucky winners.
Luckily, I remained there and had the money available, so when SUI token trading launched yesterday, I immediately sold all the tokens I received (which is 1/13 of the entire amount) and with that amount I was able to cover the exact cost of partaking in the token sale. In other words, when I receive the remaining tokens in the upcoming months (every 30 days), whatever I earn from selling those tokens will be pure profit as I covered all my expenses yesterday.
The question is, of course, if it was stupid to sell those tokens yesterday. Maybe I should have kept them? That is true, but I felt like there is less risk selling them. After all, I have covered my costs, and I still have lots of SUI tokens coming my way monthly for a year, meaning that if the price goes up, I will be very happy when I receive the next portions of tokens. If the price goes down, at least I sold at a high price and covered all my costs at once.
What do you think?
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