Sui releases SUI token distribution details, early contributors account for 20%

ChainCatcher news, the Sui Foundation released the details of the SUI token economics distribution, where the community reserve managed by the foundation accounts for 50%, early contributors account for 20%, investors account for 14%, the Mysten Labs treasury accounts for 10%, and the community access program and application testers account for 6%. It stated that "the Sui Foundation will prioritize rewarding and distributing SUI tokens to early community members of Sui."

In May, Sui announced the token economics model, with a total supply of 10 billion tokens, which have four uses: to be staked to participate in the Proof of Stake (PoS) mechanism, to pay gas fees for executing transactions and other operations, to support the multifunctional and liquid assets of the entire Sui economy, and to participate in on-chain voting to play an important governance role. (source link)