2024

Coin

<ul class="news-points">
 <li>Analyst Justin Bons criticizes SUI for its centralized control, alleging that 84%+ of its staked supply is held by founders.</li>
 <li>The analyst asserts that SUI’s chart representing its supply over the next seven years is a lie.</li>
 <li>While Cyber Capital demanded SUI to reveal their address, the latter reportedly refused.</li>
</ul>
Justin Bons, the Founder of the crypto research platform Cyber Capital, criticized SUI’s centralized control, highlighting that almost 84% of the staked supply is under the control of its founders. Bons targeted SUI, asserting, “SUI has a great design, except for its token economics.”
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 1/16) SUI has a great design, except for its token economics: SUI claims to have a capped supply of 10B, with 52% being "unallocated" till 2030 The problem is that over 8B SUI is being staked right now! Over 84% of the staked supply is held by founders! SUI is centralized: <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;">— Justin Bons (@Justin_Bons) <a href="https://twitter.com/Justin_Bons/status/1786064329193787452?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 2, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
Reportedly, SUI boasts a capped supply of 10 billion, with 52% unallocated until 2030. While more than 8 billion SUI tokens are staked at present, over 84% of the supply is held by the founders. Highlighting this crucial point, Bons pointed out, “SUI is…
The post <a href="https://coinedition.com/analyst-criticizes-suis-centralization-alleges-suis-supply-chart-is-lie/" rel="noopener noreferrer nofollow">Analyst Criticizes SUI’s Centralization, Alleges SUI’s Supply Chart Is Lie</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Analyst Criticizes SUI’s Centralization, Alleges SUI’s Supply Chart Is Lie

Coin Edition

Other articles published on May 4, 2024

Harga XRP Bulan Ini: Naik Turun dan Prediksi Ke Depannya, Apa yang Harus Diwaspadai?

Algorand (ALGO) & Tezos (XTZ) Holders Drawn to Kelexo (KLXO) $0055 Stage 2 Lending Presale Amid M...

Veteran Analyst Peter Brandt Shares 8 Tips for Aspiring Crypto Traders

Tesla Updates Payment Information, Introduces New Details for Dogecoin (DOGE) Transactions

Crypto Expert Challenges SUI Coin’s Centralization & Questions Authenticity of Supply Chart (SUI)

Michael Saylor warns these popular cryptocurrencies will be deemed securities

Join our free newsletter for daily crypto updates!