Defi analyst @DefiSquared accused Layer 1 blockchain Sui intentionally misrepresented emission schedule and the team is dumping $SUI staking rewards.
The analyst showed community conversations from the Sui discord, a number of community members have raised concern about the opauqe $SUI emissions and seemingly inconsistant with the unlocking schedule as shown on the Binance Launchpad announcement.
The Binance Launchpad announcement includes a Sui emission chart that is frequently referenced by the team. However, according to the conversation from discord, the team admits that this chart is not real, but just a estimate, the official unlocking schedule has not been published.
The analyst also accuse the Sui Foundation is dumping the staking rewards that generated from its locked token allocation. The Sui Foundation has a significant portion of $SUI token, while these token are currently locking, the staking rewards from these locked token can be sold to the market. The analyst estimates the actual inflation of $SUI token is 20% per month, an extremely high figure.
At the time of writing, Sui hasn't responded to these allegations.
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Sui
Layer 1
