The Sui Network, a decentralized platform, has recently celebrated its one-year anniversary since its mainnet launch. Over the past year, the platform has grown significantly, partnering with Google Cloud to enhance its AI and Web3 initiatives. However, Cyber Capital founder Justin Bons has raised concerns about the tokenomics employed by Sui Network, highlighting a significant concentration of tokens in the hands of its founders.

The Sui Network's token supply is capped at 10 billion, with 52% designated as "unallocated" until 2030. However, the current staked amount exceeds 8 billion tokens, with a staggering 84% of the staked supply controlled by the founders. This concentration of supply poses a centralization risk, compounded by the absence of lock-ins and legal guarantees for token holders.

Bons has criticized the token distribution model, labeling the foundation's published chart as misleading. He emphasized the discrepancy between SUI's claims and its actual token distribution, highlighting the lack of transparency and integrity in the project's communication. The lack of lock-ins allows the founders considerable flexibility in managing the token allocation, raising concerns about the transparency and integrity of SUI's communication.

Furthermore, Bons expressed concerns over the lack of transparency surrounding SUI's token distribution and ownership. Despite demands for disclosure, SUI declined to provide detailed information on token addresses, raising questions about the accountability of the project. The absence of clarity regarding legal ownership of the "unallocated" supply remains a significant issue, with uncertainty surrounding whether the foundation or the for-profit entity, Mysten Labs, controls this stake.

Bons criticized the allocation of funds within the project, citing substantial portions allocated to for-profit entities, early contributors, and venture capitalists. He expressed dismay over the lack of a public sale and raised concerns about the concentration of stake subsidies in the hands of founders who already control the majority of the stake.

The absence of transparency and the perceived greediness in SUI's token distribution model, particularly regarding the "unallocated" supply, prompted Bons to denounce the project's practices, calling for greater accountability and ethical standards in crypto-economics. Despite the surge in daily trading volumes of SUI, the cryptocurrency's price is currently trading 1.44% down at $1.09 with a market cap of $2.54 million.