Sui Network Addresses Misleading Posts About Token Supply
Sui Network is taking steps to clear up any confusion surrounding its token supply and distribution. Here are the key points you need to know:
- Third-party custodians safeguard locked SUI tokens
- Tokens cannot be moved until unlocked according to the emission schedule
- Mysten Labs, the project developer, is not involved with Sui Foundation’s treasury or token allocation
Understanding the Tokenomics of SUI
It is essential to understand how Sui Network’s token economy works. Here are some key details:
- Sui Foundation holds the largest amount of locked tokens
- These tokens support various ecosystem initiatives
- Staking rewards are already in circulation and benefit the community
- The circulating supply of SUI is expected to increase over the next year
Current Market Data for SUI
Here is the latest market data for SUI:
- Current price: $1.13
- Market cap: $2.64 billion
- Fully diluted valuation: $11.318 billion
Hot Take: The Future of SUI
As Sui Network continues to clarify its tokenomics and distribution, it is crucial to stay informed about any updates or changes to the project’s ecosystem.
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