According to TechFlow, FP Lee, developer of Solana’s liquidity pledge protocol Sanctum, announced the CLOUD token economics, with a total supply of 1 billion, 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 launch pool.
Community reserve: 30%
Strategic reserves: 13%
Team: 25%
Investors: 13%
Jupiter LFG:1%
It stated that it will conduct a public token issuance, reject all VC investments, and 18% of the token supply will be unlocked at launch.
Earlier news, Jupiter: LSD protocol sanctum and AI project UpRock won the second round of LFG voting.