The Sui Mainnet ofthe public chain project will be launched at 8:00 pm today (5/3). Many Mainnet such as Binance, OKX, Bybit, etc. will also list Sui trading pairs at the first time, and before the tokens are listed , the initial circulation of tokens that the community is most concerned about, also got the answer in the latest issue of Binance Launchpool.
Community Discussion 1: The Initial Circulation Cannot Be Covered
After Binance announced the initial circulation of Sui, Discord users began to ask "when will the token distribution details be announced", "the initial circulation does not match the published information", and various comments were fermented in the chat room in an instant.
In this regard, in order to quell the discussion, the Sui community administrator stated on 4/29: "We have not announced the details of the initial circulation."
Community Discussion 2: Where did the remaining 200 million tokens go?
Yesterday, the Sui community administrator publicly answered: "The circulation may be about 510 million", which is similar to the initial circulation announced by Binance.
However, the group of friends seems not to buy it, because the details of the initial circulation of Sui have not been announced. Facing the continuous fire from the group of friends, the administrator always replied: "the initial circulation is 510 million". In this regard, the group of friends gathered the public sale, whitelists, and Launchpool information, and questioned, where did the remaining 200 million Sui go?
Sui's Initial Circulation Calculation
Let's calculate the initial circulation of Sui based on the current known information:
- OKX, Kucoin, bitForex public sale 225 million * 2 + 500,000 = 450.5 million
- OKX, Kucoin, Bybit whitelists 25,000,000 * 2 + 94,000,000 = 144 million
- Binance Launchpool = 40 million
450.5 million + 144 million + 40 million = 634.5 million , exceeding the 510 million SUIs mentioned by the official community administrator.
Therefore, we ruled out the possibility of including OKX and Kucoin public sale locked tokens into the initial circulation value
If the lock-up value of the public sale on the exchange is excluded, the initial circulation will be:
(450 million / 13 ) + 500,000 + 144 million + 40 million = about 220 million SUI
Far less than the official 510 million pieces.
Due to the fact that there are various versions of the initial circulation trial calculation in the community, most of the results show that the distribution of about 200 to 300 million Sui tokens has not been fully announced; although Sui's token economics mentions that it will be allocated to early Contributors, community reserves, testers, investors, treasury, and some community members speculate that some tokens will be handed over to market makers, but the official did not announce the details of the initial circulation distribution before the token sale, making most Community members are disappointed.
