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Will SUI coins be issued unlimitedly?

Lisa Kudrow
Lisa KudrowOriginal
2024-09-28 21:03:02482browse

No, SUI coins are not issued indefinitely. Its supply is capped at 10 billion and is gradually released through mining, staking and ecosystem rewards.

Will SUI coins be issued unlimitedly?

Are there unlimited issuances of SUI coins?

Answer: No

SUI Coin is a cryptocurrency with a limited supply, which means there is a cap on its issuance.

SUI Coin supply cap

The maximum supply of SUI Coin is 10 billion. According to the project white paper, the distribution of SUI coins is as follows:

  • Community: 60%
  • Team: 15%
  • Investors: 15%
  • Ecosystem Fund: 10%

SUI Coin Issuance Plan

The initial issuance volume of SUI Coin is approximately 1 billion. The remaining 9 billion SUI coins will be gradually released through the following methods:

  • Mining rewards: The vast majority of SUI coins will be generated through mining. Miners will be rewarded with SUI coins to maintain the security and stability of the network.
  • Staking rewards: Token holders can get rewards by staking SUI coins. Staking helps secure the network and allows currency holders to participate in network governance.
  • Ecosystem Rewards: Some SUI coins will be distributed to developers and projects that contribute to the SUI ecosystem.

Conclusion

SUI coins are not issued indefinitely. It is a cryptocurrency with a limited supply, and its issuance is specified by the project white paper. The SUI coin issuance plan aims to balance network security, token distribution and ecosystem growth.

Sui continues to move higher

Currently, Sui (SUI) is selling for $1.70 with 24-hour trading volume approaching $830 million. Its value increased by 0.38% in the past 24 hours.

Rising Factors

SUI’s recent rise is attributed to the following factors:

  • Speculations on Bullish Trend, Cryptocurrency Market The overall mood is optimistic.
  • Active development of the project, including the launch of its mainnet.
  • SUI continues to be listed on cryptocurrency exchanges.

Price Forecast

SUI is expected to continue its strong momentum in the short term. Growing adoption and positive market sentiment may drive its value even higher.

Investors are advised to

  • Consider buying SUI at current price levels.
  • Pay close attention to market trends and project developments.
  • Invest carefully based on your own risk tolerance.

Short-term trend forecast

In the coming days, SUI is expected to continue rising, but there may be some fluctuations and pullbacks.

Main Indicators

  • Current Price: $1.70
  • 24-hour trading volume: $830 million
  • Floating Market Cap : 4.58 billion USD
  • Circulation: 2.68 billion
  • Maximum supply: 10 billion

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