Company: GSUI
Filing Date: 2025-12-05
Form Type: S-1
Source: 0001193125-25-309828
Chunk: 145

Company: Grayscale Sui Trust (SUI)
Filing Date: 2025-12-05
Form: S-1
Chunk 145
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 of certified data structures—sometimes referred to as blocks—which include data relating to (i) the verification of newly submitted and accepted transactions and (ii) references necessary to maintain the continuity of prior transaction records. Validators become aware of outstanding, unrecorded transactions through the data packet transmission and distribution mechanisms discussed above.

Some SUI transactions are conducted “off-blockchain” and are therefore not recorded in the Sui Blockchain. These “off-blockchain transactions” involve the transfer of control over, or ownership of, a specific digital wallet holding SUI or the reallocation of ownership of certain SUI in a pooled-ownership digital wallet, such as a digital wallet owned by a Digital Asset Trading Platform. In contrast to on-blockchain transactions, which are publicly recorded on the Sui Blockchain, information and data regarding off-blockchain transactions are generally not publicly available. Therefore, off-blockchain transactions are not truly Sui transactions in that they do not involve the transfer of transaction data on the Sui Network and do not reflect a movement of SUI between addresses recorded in the Sui Blockchain. For these reasons, off-blockchain transactions are subject to risks as any such transfer of SUI ownership is not protected by the protocol behind the Sui Network or recorded in, and validated through, the blockchain mechanism.

Creation of SUI

Initial Creation of SUI

Unlike other digital assets such as Bitcoin, which are solely created through a progressive mining process, 10 billion SUI were created in connection with the launch of the Sui Network. Following the launch of the Sui Network, no further SUI shall be created without modifying the Sui protocol.

The initial 10 billion SUI were distributed as follows:

Private Sale : approximately 1.41 billion SUI, or 14.1% of the initial supply, was sold in private sales to venture capital and other investors conducted between 2021 and 2022.

Community Reserve : approximately 1.06 billion SUI, or 10.6% of the initial supply, was issued to be disbursed by the Sui Foundation towards supporting community-run validators and grants for developers, community ambassadors, and other similar parties.

Community Access Program : approximately 613 million SUI, or 6.1% of the initial supply, was offered for purchase to early contributors of the Sui ecosystem.

Staking Subsidies : approximately 949 million SUI, or 9.5% of the initial supply, was reserved to be released to Sui staking participants.

Early Contributors