Sui Foundation Announces $SUI Token Allocation, with 20% Distributed to Early Contributors

Sui Foundation announced the initial allocation of its token $SUI. 20% will be distributed to early contributions, 14% to investors, 10% to Mysten Labs Treasury, 50% to the Community Reserve managed by Sui Foundation, and 6% to the Community Access Program and app testers.

The $SUI token managed by Sui Foundation will be used for multiple community programs, including the delegation program, developer grant programs, validator subsidies and others. In addition, Sui Foundation has previously announced the Community Access Program, which will enable Sui community members to purchase $SUI in the early phases of the network's lifespan, without having to participate in the Foundation's other programs.