Cyber Capital is the oldest cryptocurrency fund in Europe, and its founder and investment director, Justin Bones, has voiced grave reservations regarding the Sui Network’s (SUI) tokenomics. Considering the project’s token distribution is being questioned due to centralization, inadequate information disclosure, and “unbridled greed,” according to Bones, who has been studying the crypto sector since 2014. 
The total supply of SUI tokens is 10 billion, and 52 percent of those tokens will be unsold until 2030, as stated by Bones. But he does point out the concerning fact that the founders own 84% of the SUI token supply, and that there are more than 8 billion tokens being staked at the moment. 
There is a centralized SUI. Without lock-ins or legal guarantees, the founders control the majority of the supply! — Justin Bones. The crypto researcher brought attention to the fact that a large number of SUI tokens were distributed to different organizations, which is concerning from a tokenomics perspective. For instance, venture capitalists received approximately 1.5 billion tokens, 600 million went to “early participants,” and 160 million went to SUI Mysten Labs’ commercial division. 
Also, the founders, who have control over most of the staked assets, will receive the “staking payouts”—more than 1 billion tokens set aside for that purpose—according to Bones. 
The fact that SUI is not holding a public token sale has also drawn criticism from Justin Bones, who has referred to it as “100% premine.” A prime example of the recent trend toward greed in cryptocurrency tokenomics, which he bemoans, is SUI. 
He says it’s unbelievable how greedy SUI is with its distribution and notes that “SUI continues to refuse to fully disclose MOST of its token supply.” 
The Justin Bones Proposed Solution In spite of all the negative feedback, Justin Bones has to concede that SUI technology has some potential thanks to its object-oriented model and a fresh take on the problem of state bloat. When asked about the project’s tokenomics issue, he proposes two possible answers:

The distribution of SUI Network tokens is a matter of concern for crypto experts.

Blocksays

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