The SUI token issuance schedule has sparked talks about price easing among the community. How will width height affect the project?
The SUI token has been at the center of discussion since last month among the crypto community. After the mainnet launch, the community feared a price weakening due to the token release schedule.
future supply height
Data from Binance research It shows that SUI token allocation is currently very central to the Sui Foundation, early contributors, and Mysten Labs treasury. The three parties own more than 75% of the total supply.
Moreover, the token issuance schedule graph shows that there will be a large influx of supply from early contributors and Series A and B sales. Starting around October 2023, there will be a significant spike in the circulating supply of the token.
Even after May 2030, the Sui Foundation, which owns approximately 36.28% of the supply, will continue to award tokens.
High token emissions can (and really do) lead to hyperinflation, which lowers the value of the token and reduces its purchasing power compared to coins with strict emissions. This can lead to a decrease in the overall value of the network and damage the long-term sustainability of the ecosystem.
Another Twitter user says, “I love SUI$ but… I’m not touching it now with a ten foot pole.” In contrast, some community members “Looking to buy SUI dollars cheaper.”
After yesterday’s mainnet launch, BeInCrypto reported that the SUI token was down about 40%.
Get the latest version of BeInCrypto bitcoin (BTC) analysis, click here.
Adhering to the Trust Project’s guidelines, BeInCrypto is committed to providing unbiased and transparent reporting. This news article aims to provide accurate and timely information. However, readers are advised to independently check the facts and consult with a professional before making any decisions based on this content.