June 27 (Cointime) - The Sui Foundation has denied selling staking rewards or any other tokens from locked and non-circulating staked SUI on Binance or elsewhere. The foundation confirmed that all insider token allocations remain subject to and compliant with their lock ups and other restrictions on transfer.
Sui's token unlocks have proceeded as planned, and the blockchain can support up to 300,000 transactions per second with 100 testnet validators. Mysten Labs launched the Sui mainnet on May 3, and intended to sell the Layer 1's native asset on Binance, among other exchanges, but the U.S. Securities and Exchange Commission sued Binance on June 5 for alleged financial misconduct.
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