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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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