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Sui: The tokens are locked by a third-party custodian, cannot be traded and are kept safe

In response to recent social media doubts about the SUI token model and founder-controlled tokens, Sui tweeted that its unlocked tokens are locked by a third-party custodian, cannot be traded, and are safely stored. Mysten Labs founder (Sui development team) does not control the Sui Foundation's treasury, community reserves, staking subsidies, or any tokens allocated to investors.

The Sui Foundation is the largest holder of locked tokens, which will be unlocked according to a public issuance plan to support developers, promote the Move programming language, improve network security, and develop the ecosystem through developer funding, hackathons, bug bounties, academic research, and other programs. In addition, staking rewards are already in circulation, consisting of staking subsidies and network fees. The Sui Foundation returns 100% of the staking rewards it receives to the community and includes them in the public distribution plan.

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