Sui Network Addresses Uncertainties Surrounding Token Distribution, Sparks Anticipation of a Price Surge

Quick Summary:

Sui Network, a Layer-1 decentralized platform, has addressed and clarified widespread misconceptions regarding its token supply.

This response, published on the X platform, is a rebuttal to attacks against its tokenomics, particularly on the distribution of tokens and control of tokens by the founders.

Let’s set the record straight, starting with the basics: locked tokens are locked by third-party custodians.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Sui price Sui Network Regulation News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-05 @ 07:13:15 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 478 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 20875176

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Main Topics: Crypto

Official Website: coingape.com

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