Sui Network has set a clear timeline for resolving the staking reward distribution issue that has plagued the platform. The fix is scheduled to be implemented on October 27, 2024, at 17:30 UTC, aligning with the start of epoch 564. This announcement comes after a bug during the transition to a new epoch caused the failure to distribute staking rewards for epochs 560, 561, 562, and 563. With this timeline in place, investors and users can expect a resolution to this problem soon.
This news could have a positive impact on the price of SUI, the native token of Sui Network. As the issue of staking reward distribution is resolved, confidence in the platform will likely increase, potentially leading to a rally in SUI price. Investors who were concerned about the glitch may regain trust in the network and see it as a reliable option for staking and earning rewards. As a result, demand for SUI could rise, driving up its value in the market.
It is important to note that market conditions and other external factors can also influence the price of SUI. Therefore, while this announcement brings positive prospects for the token, investors should consider conducting their own research and analysis before making any investment decisions.