Coin Edition -
- Investors have expressed concern over the proposed SUI token release schedule.
- SUI plans to distribute tokens across seven categories.
- SUI’s schedule shows that almost all of the SUI tokens will be released by 2030.
Investors have expressed concern over the proposed SUI token release schedule. Following a tweet by self-described crypto analyst Miles Deutscher, users have questioned the potential of the newly launched cryptocurrency ahead of an anticipated bull run.
Look at the $SUI token release schedule. That’s a crazy amount of early supply hitting the market. pic.twitter.com/tVbe961pEz— Miles Deutscher (@milesdeutscher) May 3, 2023
Deutscher’s tweet revealed a pictorial schedule of how the SUI project will release its tokens into the cryptocurrency market. The plan covers seven years between May 2023 to May 2030. It shows how the project plans to allocate SUI tokens across seven different categories.
The categories indicated in the schedule include Community Access Program, Binance Launchpool, Series A Sale, Series B Sale, Mysten Labs Treasury, Early Contributors, SUI Foundation, and Market Makers.
The chart displayed by Deutscher shows that almost all of the SUI tokens will be released by 2030, a duration that Deutscher considers to be short. Most of Deutscher’s respondents are also not comfortable with the schedule.
Most of the respondents expressed their disappointment with the schedule, with one noting that situations like these call for a proper study of the tokenomics project before investing in them. A few other users expressed similar sentiments and were vocal about looking forward to selling off their SUI tokens. However, one respondent notably contradicted these sentiments. According to the user, the schedule could be a deliberate plan, as “These are bullish unlocks in a bull market”.
SUI is one of the recently launched tokens that investors project to have an impressive year. It is the native token of the SUI blockchain, a layer 1 blockchain and smart contracts platform designed to make digital asset ownership fast, private, secure, and accessible to everyone.
According to data from CoinmarketCap, SUI currently ranks 55 among other cryptocurrencies. It has a market capitalization of $703.9 million and trades at $1.33 as of the time of writing.
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