Sui Community is addressing “deceptive” posts about its token provide being unfavorable to retail traders.
In a post on the social media platform X, Sui Community says that third-party custodians safeguard locked SUI tokens, and so they can’t be moved till they’re unlocked in keeping with the undertaking’s token emission schedule.
Sui Community additionally clarifies that Mysten Labs, the developer behind the undertaking, is just not concerned with the Sui Basis’s treasury, group reserve, stake subsidies or every other tokens allotted to traders.
“Sui Basis is the most important holder of locked tokens, which might be unlocked in accordance with the general public emissions schedule. These tokens are used to assist builders, advance the Transfer programming language, improve community safety, and develop the ecosystem via initiatives like developer grants, hackathons, bug bounties, tutorial analysis, and extra.
Staking rewards are already in circulation as a result of they’re composed of stake subsidies and community charges. Moreover, 100% of staking rewards earned by the Sui Basis are returned to the group, and included within the public emission schedule.”
At time of writing, SUI at the moment has a max provide of 10 billion with a circulating provide of two.33 billion. The circulating provide is predicted to develop to roughly 3.6 billion over the following 12 months, in keeping with TokenUnlocks.
SUI is buying and selling at $1.13 with a market cap of $2.64 billion and a totally diluted valuation (FDV) of $11.318 billion.
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