SUI Foundation plan to redistribute 117 million SUI tokens, with a total value of $51 million, across diverse channels. This strategic move aims to strengthen the ever-growing Sui ecosystem.
What does this mean for SUI community?
- Developers will receive grants to innovate and design the next generation of decentralized applications on the Sui platform.
- SUI advanced DeepBook CLOB, automated market mechanisms, liquidity staking, and lending systems will receive robust support.
Fun Fact: These redistributed SUI tokens make up 13.6% of the circulating supply and 1% of the total supply, all without affecting the current circulating volume.