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Sanctum Announces $CLOUD Token with 10% Airdrop, 18% Circulating Supply, AMA Today

Jun 5, 2024, 01:22 PM

Sanctum has announced the launch of its governance token, $CLOUD. The tokenomics details reveal that 18% of the supply will be circulating at launch, with 10% airdropped to participants of Wonderland Season 1, which has now concluded. The initial Fully Diluted Valuation (FDV) is set at $50 million, mirroring the price of their first funding round. Additionally, venture capitalists must participate in the public launch. An AMA regarding $CLOUD will be streamed today at 9:45 AM EST on multiple platforms including Twitter, YouTube, and Twitch. Sanctum's tokenomics proposal received significant community feedback.