cryptonews.net
Sui Network, a decentralized layer 1 platform, has addressed and clarified widespread misconceptions regarding token supply. The response, published on X, is a rebuttal to attacks on its tokenomics, particularly the distribution and control of tokens by founders. The founders of the network are under investigation on charges of storing tokens in large quantities.
The platform stated that its token economics are reasonable as it uses well-established third-party custodians to store locked tokens. According to the network, these tokens are issued according to a predetermined emission schedule, which is publicly available. The fund emphasizes that the founders have no control over the treasury or any tokens given to investors, including the community reserve.
Sui Network’s feedback states that the Sui Foundation is the primary holder of the locked tokens, designated for controlled release under certain conditions to strengthen the ecosystem. These allocations support many projects, including development of the Move programming language, improving network security, and community-focused initiatives such as hackathons and developer grants.
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