Sanctum founder launches token economics proposal to hand over 40% of total tokens to community management
FP Lee, the founder of the Solana ecosystem LST protocol Sanctum, has initiated a token economics proposal that proposes to allocate 40% of the total token supply to community management, with a portion of it used for initial airdrop. The remaining portion can be distributed through at least 4 rounds of airdrops, with the final decision given to the community. 47% of the token supply is controlled by the team, with 13% of the supply already allocated to investors.In addition, all team and investor tokens have a lock-up period of over 3 years, with all team and investor tokens fully vested after 36 months from TGE.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BGB holders' Christmas and New Year carnival: Buy 1 BGB and win up to 2026 BGB!
Bitget Trading Club Championship (Phase 20)—Up to 2400 BGB per user, plus a RHEA pool and Mystery Boxes
Subscribe to ETH Earn products for dual rewards exclusive for VIPs— enjoy up to 8% APR and share 30,000 USDT!
Bitget Spot Margin Announcement on Suspension of ICNT/USDT, PROMPT/USDT, CAMP/USDT, FARTCOIN/USDT, PEAQ/USDT Margin Trading Services
