TechFlow reports that FP Lee, the developer of Sanctum, a liquid staking protocol on Solana, has unveiled the tokenomics for CLOUD, with a total supply of 1 billion tokens as follows:
- Initial circulating supply: 180 million (18%) – 10% will be distributed via initial airdrop, and 8% will be used to provide liquidity for the LFG launch pool.
- Community Reserve: 30%
- Strategic Reserve: 13%
- Team: 25%
- Investors: 13%
- Jupiter LFG: 1%
The team stated it will conduct a public token offering, rejecting all VC investments, with 18% of the token supply unlocked at launch.
Previous report: Jupiter announced that the LSD protocol Sanctum and AI project UpRock won the second round of the LFG vote.
Add to Favorites
Share to Social Media
