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Understand the issuance price and total issuance of SUI coins in one article
At its launch on September 20, 2022, SUI coins had an issuance price of $3.00, with initial circulation significantly lower than the total 2 billion supply cap.
Oct 11, 2024 at 10:42 am
Understanding SUI Coin's Issuance Price and Total Issuance
1. Issuance Price
The initial issuance price of SUI coins was $3.00 at the time of their launch on September 20, 2022.
2. Total Issuance
The total supply of SUI coins is capped at 2 billion. However, it is important to note that the initial circulating supply was significantly lower than this total.
3. Distribution of SUI Coins
The initial distribution of SUI coins was as follows:
- Team: 10%
- Investors: 18%
- Seed Sale: 7%
- Public Sale: 15%
- Community and Ecosystem: 50%
4. Vesting Schedule
The distribution of SUI coins to investors and teams was subject to a vesting schedule. Over a period of two years following the launch, these tokens were gradually released.
5. Tokenomics
The distribution and issuance of SUI coins play a crucial role in its tokenomics. Limiting the total supply contributes to scarcity and potential value appreciation. The community and ecosystem allocation incentivizes adoption and fosters a decentralized network.
6. Future Issuance
Currently, there are no plans for additional issuance of SUI coins beyond the initial 2 billion. However, it is possible that the protocol may propose governance changes in the future that could affect the supply.
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