Sui Community, a decentralized layer 1 platform, has addressed and clarified widespread misconceptions concerning token provide. The response, printed on X, is a rebuttal to assaults on its tokenomics, significantly the distribution and management of tokens by founders. The founders of the community are below investigation on prices of storing tokens in massive portions.
The platform said that its token economics are affordable because it makes use of well-established third-party custodians to retailer locked tokens. Based on the community, these tokens are issued in keeping with a predetermined emission schedule, which is publicly accessible. The fund emphasizes that the founders haven’t any management over the treasury or any tokens given to buyers, together with the group reserve.
Sui Community’s suggestions states that the Sui Basis is the first holder of the locked tokens, designated for managed launch below sure circumstances to strengthen the ecosystem. These allocations assist many initiatives, together with growth of the Transfer programming language, bettering community safety, and community-focused initiatives equivalent to hackathons and developer grants.
Picture: CoinGecko
