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LINK $12.61 -1.11%
HYPE $84.39 -0.66%
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ZEC $1,162.68 +0.55%

The founder of Sanctum has proposed a tokenomics plan to allocate 40% of the total token supply to community management

2024-05-09 13:41:56

ChainCatcher news, FP Lee, the founder of the Solana ecosystem LST protocol Sanctum, has initiated a tokenomics proposal that aims to allocate 40% of the total token supply to community governance, with a portion set aside for an initial airdrop. The remaining portion can be distributed through at least 4 rounds of airdrops, with the final decision left to the community. 47% of the total token supply is controlled by the team, and currently, 13% of the supply has been allocated to investors.

Additionally, the unlocking period for all team and investor tokens exceeds 3 years, and all team and investor tokens will fully vest 36 months after the TGE.

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