Sanctum Token Economics Proposal: 40% of total supply to be managed by the community, 16% to be used as a strategic reserve
2024-05-09 05:45
Odaily News Sanctum founder FP Lee initiated a proposal for Sanctum's token economics and called for community feedback. The proposal suggests: -40% of the total token supply will be managed by the community. A portion of it will be used for the initial airdrop, and the remaining tokens are planned to be distributed through at least 4 rounds of airdrops; -25% of the supply is allocated to founders and core contributors as a reward for their continued efforts in building Sanctum for more than three years; -16% is used for strategic reserves to develop the Sanctum ecosystem, including future acquisitions, strategic investors, LST partners, grant recipients, market makers, and CEX loans; -5% will be used for seed liquidity in 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 the tokens will be unlocked within one year after the TGE, while the other 66% will be linearly vested within 24 months after the cliff. All team and investor tokens will be fully vested 36 months after the TGE.
