Understanding SUI Network’s Tokenomics: SUI Coins Locked and Immovable by Third-Party Custodians

• Sui Network addresses concerns about its token supply being unfavorable to retail investors.
• Third-party custodians safeguard locked SUI tokens, which cannot be moved until unlocked as per the project’s token emission schedule.
• Mysten Labs, the project’s developer, is not involved with the Sui Foundation’s treasury, community reserve, stake subsidies or any other tokens allocated to investors.

Sui Network, a blockchain project, has clarified concerns about its token supply and the role of its developer, Mysten Labs, in a recent social media post.

Sui Network Addresses Token Supply Concerns

In a post on social media, Sui Network has addressed concerns about its token supply being unfavorable to retail investors. The project clarified that third-party custodians safeguard the locked SUI tokens, which cannot be moved until they are unlocked according to the project’s token emission schedule.

Role of Mysten Labs in Sui Network

Sui Network also clarified that Mysten Labs, the developer behind the project, is not involved with the Sui Foundation’s treasury, community reserve, stake subsidies or any other tokens allocated to investors. The Sui F... Read the full article for FREE at COINOTAG!