On May 9th, FP Lee, the founder of Sanctum, launched a proposal on the economics of Sanctum tokens and called for community feedback. The proposal proposes:
40% of the total token supply will be managed by the community. A portion of this will be used for initial airdrops, with the remaining tokens to be distributed through at least 4 rounds of airdrops;
25% of the supply is allocated to founders and core contributors to reward them for having been building Sanctum for more than three years.
16% is allocated to strategic reserves for the development of the Sanctum ecosystem, including future acquisitions, strategic investors, LST partners, grant recipients, market makers, and CEX loans.
5% will be used for seed liquidity at LFG Launchpool.
1% will be allocated to Jupiter LFG.
13% of the supply has been allocated to investors.
All team and investor tokens are unlocked within 3 years and have a 1-year cliff. This means that 33% of tokens will be unlocked within one year after TGE, while the other 66% will vest linearly within 24 months after cliff. All team and investor tokens will vest fully 36 months after TGE.
Sanctum Token Economics Proposal: 40% of the total supply is managed by the community and 16% is allocated to strategic reserves
2024-05-09 05:53:07
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