Analyst Criticizes SUI’s Centralization, Alleges SUI’s Supply Chart Is Lie
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- Analyst Justin Bons criticizes SUI for its centralized control, alleging that 84%+ of its staked supply is held by founders.
- The analyst asserts that SUI’s chart representing its supply over the next seven years is a lie.
- While Cyber Capital demanded SUI to reveal their address, the latter reportedly refused.
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.”
1/16) SUI has a great design, except for its token economics:
— Justin Bons (@Justin_Bons) May 2, 2024
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:
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 Analyst Criticizes SUI’s Centralization, Alleges SUI’s Supply Chart Is Lie appeared first on Coin Edition.
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