Sanctum announces CLOUD token economics: 10% of token supply allocated for initial airdrop

ChainCatcher news, Solana's liquid staking protocol Sanctum developer FP Lee announced the CLOUD tokenomics, with a total supply of 1 billion tokens, as follows:

• Initial circulating supply: 180 million (18%): 10% will be provided in the initial airdrop, and 8% will be used to inject liquidity into the LFG release pool.
• Community reserve: 30%
• Strategic reserve: 13%
• Team: 25%
• Investors: 13%
• Jupiter LFG: 1%

It stated that a public token issuance will take place, rejecting all VC investments, and 18% of the token supply will be unlocked at launch.

Previous news, Jupiter: The LSD protocol Sanctum and the AI project UpRoc k won the second round of LFG voting.