Symbol

Impact

Read

Coin

<div class="code-block-grte code-block-grte-8" style="margin: 8px auto 8px 0; text-align: left; display: block; clear: both;"> 
 <table style="width: 100%; border-collapse:"> 
  <tbody> 
   <tr> 
    <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener"><strong><span style="color: #000000;">Before you reading,<br><span style="color: #e67e22;">Don't miss coins like PEPE again! Click here to find new PEPEs!</span></span></strong></a></td> 
   </tr> 
  </tbody> 
 </table>
</div> 
<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>
<div class="code-block-grte code-block-grte-10" style="margin: 8px auto 8px 0; text-align: left; display: block; clear: both;"> 
 <table style="width: 100%; border-collapse:"> 
  <tbody> 
   <tr> 
    <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener"><strong><span style="color: #000000;"> AR' YA WINNING SON?<br><span style="color: #e67e22;">Don't miss Solana Tokens and BRC-20 Tokens! Click here to find new AI coins!</span></span></strong></a></td> 
   </tr> 
  </tbody> 
 </table>
</div> 
<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

Table of Contents

COINOTAG NEWS

Other articles published on May 4, 2024

Grayscale’s Bitcoin ETF GBTC Sees First Inflow Day Of $63M Since Launch

Solana Price Jumps As Whale Heavily Bags SOL

JUST IN: Bitfinex Responds to Allegations that Data and Passwords of Hundreds of Thousands of Use...

England Women’s Cricket Coach Utilizes AI for Team Selection

The Role of Bitcoin in Reducing Systemic Financial Risk

To Sell or Stay Put: What May Means for Altcoin Investors

Join our free newsletter for daily crypto updates!