Cryptocurrencies

    Sui Network responds to concerns on token supply management

    Article Image

    The Sui Network addresses criticism regarding its token supply management, asserting that its tokenomics are robust and managed by reputable third-party custodians.

    The network emphasises that tokens are released according to a predetermined schedule, accessible to the public, and beyond the control of its founders, including the community reserve.

    Sui Foundation oversees the primary wallet holding locked tokens, released under specific conditions to support projects like programming language development and network security enhancements.

    Despite concerns raised by Justin Bons from Cyber Capital regarding potential centralisation risks, Sui maintains its commitment to transparency, disclosing compliance with legal standards and utilising trusted custodial service providers.

    The network's recent advancements, including streamlined Web3 logins and efficient transaction handling, bolster its reputation in the crypto space.

    Disclaimer

    Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relates to your unique circumstances. Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on the information provided directly or indirectly by use of this platform.

    Publisher
    Grafa