Sui Network responded to criticism over the distribution and management of the SUI token by addressing misconceptions about the token supply. Sui stated that the tokens were distributed publicly and within a set schedule. He emphasized that the founders or the Sui Foundation cannot control the treasury or the tokens allocated to investors.
The Sui Foundation manages the main wallet, which houses locked tokens that are released to support various projects under certain conditions.
When Cyber Capital's Justin Bons pointed out the risks of centralization, Sui rejected these claims. To ensure transparency and accountability, BitGo said it complies with legal and regulatory standards audited by trusted custody providers such as Anchorage and Coinbase Prime.
Bons called on Sui to provide evidence showing that the founders cannot access or move the allocated tokens.
Additionally, in September 2023, Sui Network simplified Web3 logins for users on its apps, introducing zero-knowledge login options through platforms such as Google, Facebook, and Twitch. Known for its ability to handle high transaction volumes with low fees, the network continues to innovate in the field of blockchain technology.