Sui Network is taking a proactive approach in addressing the concerns raised by some regarding its token supply and its potential impact on retail investors. In a recent post on the popular social media platform X, Sui Network clarified certain aspects of its token distribution process to provide transparency to its community.

According to the post, Sui Network ensures the security of its locked SUI tokens through third-party custodians. These tokens cannot be moved until they are unlocked in accordance with the project’s token emission schedule. This measure is taken to guarantee the integrity and fairness of the distribution process.

The post also emphasizes that Mysten Labs, the developer behind the Sui Network project, has no involvement with the Sui Foundation’s treasury, community reserve, stake subsidies, or any other tokens allocated to investors. This clarification aims to dispel any misconceptions and provide clarity on the roles and responsibilities of the different entities involved.

The Sui Foundation, as the largest holder of locked tokens, plays a vital role in supporting various activities within the Sui Network ecosystem. These unlocked tokens are utilized to provide support to builders, further the development of the Move programming language, enhance network security, and promote growth through initiatives such as developer grants, hackathons, bug bounties, and academic research.

It is important to note that staking rewards are already in circulation. These rewards consist of stake subsidies and network fees. Additionally, the Sui Foundation ensures that 100% of the staking rewards earned are returned to the community and are included in the public emission schedule. This commitment demonstrates the foundation’s dedication to the overall success and sustainability of the Sui Network.

Currently, SUI has a maximum supply of 10 billion tokens, with a circulating supply of 2.33 billion. According to TokenUnlocks, the circulating supply is expected to increase to approximately 3.6 billion over the next year. These figures provide insight into the token’s availability and potential market dynamics.

As of now, SUI is trading at $1.13, with a market capitalization of $2.64 billion. It is also worth noting that the fully diluted valuation (FDV) of SUI stands at $11.318 billion, reflecting the potential value of the token in a hypothetical scenario where all tokens are in circulation.

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Source: Sui Foundation

SUI token trading at $1.13, with a market cap of $2.64 billion and a fully diluted valuation (FDV) of $11.318 billion.