Sui Foundation's Locked Token Staking Insider Revealed

With the rapid development of blockchain technology today, Sui Foundation has attracted much attention as an emerging public chain project. It has not only attracted the attention of many investors, but also sparked heated discussions due to its unique token economic model. Recently, Bybit traders revealed the inside story of Sui Foundation's locked token staking, further revealing the deep-level mechanism of this project. This article will explore in detail the token staking mechanism of Sui Foundation and its importance in the current blockchain ecosystem.

First of all, Sui Foundation is known for its innovative locked token staking mechanism. Many investors will first come into contact with the staking function of its tokens when participating in the Sui project. Through staking, users can not only obtain certain benefits, but also provide support for the security and stability of the network. This win-win situation has made more and more users willing to participate. According to the latest data, the total amount of Sui's staked tokens has reached millions, which to a certain extent reflects the market's recognition of the project.

In the token economic model of Sui Foundation, locked token staking is not only to reward users, but also to maintain the decentralized nature of the network. By locking tokens, users are encouraged to hold tokens instead of frequently trading, which can effectively reduce market volatility. The disclosure of the Bybit trader mentioned that Sui's pledge mechanism is quite cleverly designed, which can not only ensure the stability of the network, but also bring considerable benefits to users. By comparing other public chain projects, Sui's pledge mechanism is particularly prominent, attracting a large number of users to participate.

When we have a deep understanding of the token pledge mechanism of the Sui Foundation, we cannot ignore the technical support behind it. As a high-performance public chain, Sui adopts an advanced consensus algorithm, which makes it not only efficient but also safe when processing transactions. This technical advantage enables Sui to provide a better user experience when competing with other public chains. Especially in the context of increasingly fierce competition in the current blockchain industry, Sui's technological innovation has undoubtedly won it an advantage.

In addition, the team background of the Sui Foundation also provides strong support for its development. The team members come from a number of well-known blockchain projects and technology companies, with rich industry experience and technical accumulation. They are well aware of market demand and designed Sui's token economic model on this basis. Bybit traders revealed that the team took into full account the needs of users and market changes when building the token staking mechanism, enabling Sui to flexibly respond to various challenges.

It is worth mentioning that the Sui Foundation has adopted various forms of publicity strategies when promoting its token staking mechanism. Sui has attracted a large number of users through social media, online seminars, and community activities. This active marketing strategy has enabled Sui's token staking mechanism to be quickly accepted by the majority of users and formed a good user ecology in a short period of time.

In the token staking of the Sui Foundation, user participation is not limited to simple staking behavior, but also involves community governance. Users can obtain voting rights by staking tokens, thereby participating in the decision-making of the project. This mechanism not only enhances the user's sense of participation, but also improves the degree of decentralization of the project. Bybit traders pointed out that this governance mechanism has increased users' trust in the Sui Foundation to a certain extent, making more investors willing to hold tokens for a long time.

In the current blockchain market, many public chain projects are exploring how to increase user participation and loyalty. The locked token staking mechanism of the Sui Foundation undoubtedly provides an effective solution to this problem. Through staking, users can not only obtain benefits, but also participate in the governance of the project. This dual incentive mechanism makes Sui stand out in the market.

With the continuous development of blockchain technology, users' awareness of token staking is also increasing. Many investors have begun to pay attention to factors such as the yield, liquidity and risk control of token staking. In this context, the staking mechanism of Sui Foundation is particularly important. Through reasonable risk control measures, Sui ensures the safety of users' funds, which has won it a good reputation.

However, although the locked token staking mechanism of Sui Foundation has achieved certain success, it still faces some challenges. The fierceness of market competition is intensifying. How to maintain a competitive advantage among many public chain projects will be a major test for Sui's future development. In addition, users' expectations for the benefits of staking are also constantly increasing. How to balance benefits and risks will be an issue that Sui needs to continue to pay attention to.

In future development, Sui Foundation plans to further optimize its token staking mechanism to meet the growing needs of users. They will attract more users to participate in staking through technological innovation and market promotion. At the same time, Sui will continue to pay attention to market trends and adjust strategies in time to cope with the changing market environment.

In conclusion, the locked token staking mechanism of Sui Foundation is of great significance in the current blockchain ecosystem. It not only provides users with profit opportunities, but also enhances the decentralized nature of the project. As the market further develops, we expect Sui to continue to maintain its leading position in future competition and create greater value for users. In this era full of opportunities and challenges, the success of Sui Foundation will not only depend on its technical strength, but also on whether it can continue to meet the needs and expectations of users. The future of blockchain is driven by such innovation and practice.

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Coin Circle (120btc.COM) News: A KOL who claims to be the No. 1 trader on the exchange Bybit on Twitter
DeFi^2 recently exposed the opaque economy of the public chain project Sui token, using a variety of data to prove that the Sui Foundation pledged "locked" and "non-circulating" tokens and sold the mining rewards. Sui officials also responded to this today.

Sui inflation is higher than Venezuela

DeFi^2 said that since last month, the endless selling pressure of $SUI has attracted his attention, so he launched a series of investigations.

First, he pointed out that the Sui Foundation has nearly 3 billion "locked" and "non-circulating" $SUI, which is about 5 times the current circulation and 30% of the total fully diluted supply. However, the Sui Foundation uses these "unmovable" tokens for staking mining. According to on-chain data, the current staking mining rewards have accumulated nearly 27 million.

Sui Foundation receives nearly 27 million token rewards

He mentioned that it might be to confuse the flow of tokens, or it might be simply distributed to Sui team members. Although these tokens obtained from mining have been divided many times, they all flow to the hot wallet in the end.

DeFi^2 further calculated the specific figures, indicating that the current $SUI rewards released by staking every month are about 33 million. In addition, 37 million $SUI will be released through Launchpad every month. Looking at the current $SUI circulation supply, of the 600 million SUI in circulation, about 250 million are non-foundation.

DeFi^2 said, "In other words, if you are a $SUI holder, you will currently face a 20% dilution every month, which is higher than Venezuela's inflation rate in 2022."

Sui officials do not publish token circulation tables

Questions about token transparency are not limited to this. DeFi^2 pointed out that although
Launchpad has published a $SUI circulation table on its platform, and the official often cites this chart, the Sui team publicly admitted that this chart is actually not true, and they said that the real token model may not follow this chart, and there is no plan to make it public at present.

$SUI circulation chart on

Sui officials said there is no plan to make it public

Sui official response: will announce the release plan as soon as possible

DeFi^2's tweet received 970,000 views in a short period of time. Sui officials urgently clarified on Twitter, claiming that all token distributions of the foundation comply with the provisions of lock-up and other transfer restrictions, and the multiple transfers mentioned are third-party payments that meet the "contract lock" requirements, and Sui's real market value has never exceeded the market value shown on CoinMarketCap, and will release detailed tokens as soon as possible.

In response, DeFi^2 said that even if the tokens are paid to a third party, the third party will become a consignment channel for these tokens, which means basically the same thing. It also posted data to refute the fact that the market value of CoinMarketCap has not been updated, because it has been confirmed that 1.1 million tokens will be unlocked and circulated every day.

Coinmarketcap shows a discrepancy with the actual market value

In fact, data delays on CoinMarketCap or Coingecko are common, and the data of many tokens on the two platforms are often inconsistent, but DeFi^2 believes that when the Sui Foundation "intentionally" conceals or refuses to disclose the actual circulation of tokens, it will become a serious problem.