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<ul> 
 <li>Layer-1 Blockchain Sui Network, behind the altcoin SUI, celebrates its first year on the mainnet amidst a significant growth period as a strong competitor in the decentralized application (dApp) space.</li> 
 <li>However, recent criticism by a leading venture capitalist raises questions about the project’s tokenomics and transparency, casting a shadow over Sui’s celebratory mood.</li> 
 <li>Concerns revolve around the distribution of SUI’s capped supply of 10 billion tokens, with a large portion reportedly controlled by the Sui Network founders themselves.</li> 
</ul> 
<p><strong>Sui Network, the Layer-1 Blockchain behind altcoin SUI, faces criticism over tokenomics and transparency as it marks its first year on the mainnet.</strong></p> 
<h2 id="strong-majority-of-sui-supply-held-by-founders-strong"><strong>Majority of SUI Supply Held by Founders</strong></h2> 
<p>Despite Sui’s capped supply of 10 billion SUI altcoin project, concerns have been raised about its distribution. A significant portion, 52%, has been designated as “unallocated” until 2030. However, it is reported that a surprising majority of the currently staked SUI tokens, over 84% (exceeding 8 billion), is controlled by the Sui Network founders themselves. This high concentration of control raises concerns about centralization.</p>
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<h3 id="strong-highlighting-inconsistencies-in-token-distribution-strong"><strong>Highlighting Inconsistencies in Token Distribution</strong></h3> 
<p>Justin Bons, founder of Cyber Capital, points out the inconsistency between Sui’s advertised capped supply and the actual distribution of tokens. He argues that the absence of lock-up periods for the founders’ assets allows excessive flexibility in managing token allocation. This, combined with the lack of legal guarantees for token ho... <a href="https://en.coinotag.com/major-concerns-for-altcoin-as-founders-hold-majority-control-understanding-the-impact-on-coin-value-and-symbol/">Read the full article for FREE at COINOTAG!</a></p>

Major Concerns for Altcoin as Founders Hold Majority Control: Understanding the Impact on Coin Value and Symbol

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