Sui Network (SUI) Addresses Token Supply Misunderstandings: Potential for Price Surge?

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Sui Network, a Layer-1 decentralized platform, has addressed and clarified widespread misconceptions regarding its token supply.
The platform has said that its token economics are reasonable because well-reputed third-party custodians are employed to keep the locked tokens.
The network’s founders are under investigation past the allegations of a large possession of tokens.

Sui Network has clarified misconceptions about its token supply, ensuring transparency and secure custody by third parties, with a clear, public emission schedule. This comes amidst allegations against the network’s founders regarding large possession of tokens.

Understanding Sui Network’s Token Supply

Sui Network has published a response on the X platform, rebutting attacks against its tokenomics, particularly on the distribution of tokens and control of tokens by the founders. According to the network, these tokens are released as per a predetermined emission schedule, which is publicly available. The foundation stresses that the founders have no control over the treasury or any of the tokens given to the investors, including the community reserve.

Sui Network’s Transparency and Token Distribution

The Sui Foundation is the primary wallet holder of the locked tokens appointed for a controlled release under certain stipulations to strengthen the ecosystem. These allocations are meant to support many projects, including developing the Move programming language, network security enhancements, and community-oriented initiatives such as hackathons and developer grants. Furthermore, the network explains the distribution of staking rewards already in circulation in the system. These rewards are made up of stake derivations and network commissions, which are said to all go back to the community.