Proposal: Issuance of FAFA Meme Token (Sanctum Aligned CAT)

Sanctum Governance
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Summary
This proposal aims to issue an official meme token named FAFA for Sanctum. FAFA will be a fun and engaging token that leverages the playful imagery of clouds and the whimsical nature of internet memes to enhance community engagement and drive participation.

Background and Motivation
On July 17th, a Twitter user known as Mr_Dark(@0xMrDark) shared a picture of a charming cat named Fafa waiting eagerly for the launch of the CLOUD token. Tweet Link

Sanctum Aligned CAT
Sanctum Aligned CAT1003Ă—869 661 KB

That night, Fafa appeared in Mr_Dark’s dream, expressing a desire to become the face of a new Sanctum meme token named FAFA. This dream highlighted how Fafa, the cat, embodies the spirit of being Sanctum Aligned—a symbol of the community’s enthusiasm and alignment with Sanctum’s goals. Inspired by this whimsical occurrence, I propose the creation of the FAFA token to reflect the fun and cohesive nature of the Sanctum community.

The name Fafa is derived from the Cantonese pronunciation “fa cai”(发财), which means “Get RICH”.

Token Details

Token Name: Sanctum Aligned
Token Symbol: FAFA
Total Supply: 1 billion FAFA tokens

Distribution Mechanism:
1. CLOUD holders: 50% of the FAFA tokens (500 million) will be airdropped pro rata to all CLOUD holders.
2. Treasury: 20% of the FAFA tokens (200 million) will be allocated to the Treasury.
3. Liquidity Pool: 30% of the FAFA tokens (300 million) will be permanently locked in a liquidity pool to ensure stability and long-term value.

FAFA holders will enjoy several benefits, including: (Probably Nothing)

1. Periodic Airdrops: Holders of FAFA tokens will receive periodic airdrops from new LST (Liquidity Staking Token) launches, providing them with ongoing rewards and incentives.
2. Special Recognition: The top 1000 wallets with the highest FAFA token holdings will have their connected Sanctum profile/Discord receive the “Sanctum Aligned” label, recognizing their significant contribution and alignment with the Sanctum community.

Treasury Allocation

The Treasury will use its allocated 20% of FAFA tokens to support special contributions from the FAFA community, such as:

1. Development Projects: Funding for community-driven projects like creating data dashboards for Sanctum LST or other technical contributions.
2. Offline Events: Organizing and supporting offline events to enhance community engagement and visibility.

1 Like
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Fafa is committed to be SANCTUM ALIGNED :cloud:

SANCTUM cats are best cats!!!

Partnership Agreement with Sanctum
Partnership Agreement with Sanctum1058Ă—1106 169 KB

3 Likes
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FAFA for Sanctum President!!

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sounds cool, I’ll bid

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What is FAFA doing now?

What’s her lore? Cat szn baby!

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I definitely like the idea of launching a meme token and airdropping it to $CLOUD holders, but not FAFA. I would like something else. Especially considering the tweet you shared didn’t gain any traction (2 likes, 0 comments, 0 rt’s) + the picture isn’t very fitting for a memecoin (low res, not very memeable, cat isn’t very cute looking)

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Thanks for your feedback :+1:, and I appreciate your support for the idea of launching a meme token. This proposal is more about showcasing my and my cat FAFA’s support and love for Sanctum. It’s totally fine if you don’t like it, but just to clarify: my cat is definitely cute :smiley:

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Are we going to have a CATastrophe?

image

Hehe Meme intended.