According to PANews, Justin Bons, the founder and chief investment officer of Cyber Capital, has raised concerns about the SUI token model. Bons has questioned the official response from Sui regarding the allocation of its SUI tokens. He pointed out that all the 'unallocated' supply of SUI has already been allocated. This contradicts the official statement from Sui that 'every token to be released has been allocated'. Bons questioned who was being dishonest in this situation.
Bons highlighted that 84% of the pledged supply of SUI tokens is still controlled by its 'founder'. Critics have taken screenshots of the website quoted in Sui's response, which does not include 52% of the 'unallocated' supply. It has now been revealed that this supply has been allocated to the foundation. The promise of unlocking this 'unallocated' supply by 2030 is merely an unsecured commitment, and the foundation has legally left itself a way out. Custodians usually do not provide locking services, so revealing these legal contracts would make this claim more credible. However, this would require trust in the foundation and the custodian. Even so, this is far from ideal. SUI has no locking mechanism on the chain; it can be transferred. At least now we know who controls these 'unallocated' supplies.
Bons has called out the Sui Foundation, asking it to stop referring to the allocated pledged supply as 'unallocated' and to prove that it cannot transfer the SUI. Otherwise, he warned, they will continue to expose the hypocrisy of their transparency statement. Bons' comments serve as a warning bell, suggesting that considering the history of cryptocurrencies, SUI should improve its communication methods.