Sui Network (SUI) has finally released its token distribution plan after facing criticism from the cryptocurrency community for its lack of transparency.
Launching its mainnet on May 3, 2023, the project claims to have a fixed maximum supply of 10 billion SUI tokens powering its network.
According to a blog post by the Sui team, only 5% of the total supply was in circulation at the time of Mainnet launch, and the rest was allocated to various partners and locked for different periods of time. The team said the deployment plan is designed to reward early contributors and ensure the long-term security and sustainability of the network.
According to the published data, the circulating supply of SUI will increase linearly from its current level of 582 million units until April 2024, reaching approximately 1.3 billion units by that date.
In April 2024, there will be a sudden increase in the circulating supply and the amount of tokens will increase to approximately 2.4 billion. Then, relatively linear rises will continue.
However, it is stated below the shared graphic that the SUI Foundation does not have to comply with this data and can change it as it wishes:
“This document contains hypothetical, forward-looking and/or projected numerical figures that do not constitute a guarantee and should not be construed as such. This is not an offer or a request for a token purchase, and the Sui Foundation makes no representations or warranties, express or implied, as to the completeness or accuracy of the information contained herein. All information is subject to change without notice, and the Sui Foundation has no obligation to revise, adjust or otherwise publicize such changes.”
*Not investment advice.
