FTX CEO Sam Bankman-Fried has suggested limiting the supply of the SUSHI token.
Bankman-Fried's proposal comes after the SushiSwap project was handed over by an anonymous developer Chef Nomi to the FTX cryptocurrency exchange earlier this week.
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The transfer occurred as a result of the developer's controversial decision to swap all his SUSHI tokens for ETH for millions of dollars. In the cryptocurrency community, the developer's action was considered as an exit scam.
4) After that, here are my humble thoughts.— SBF (@SBF_Alameda) September 8, 2020
First, I agree that supply should be reduced. Part of this will happen naturally as the the inflation dies down.
But I think we should go further: I think that some of the SUSHI rewards should be locked.
FTX CEO also highlighted he would transfer administrative control to the multi-signature wallet to keep the project under community control.
At press time, the total value locked in the SushiSwap protocol exceeds $1.23 billion.
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