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Airdrop

Sanctum CLOUD Airdrop To launch In Few Weeks

June 5, 2024 - Around 2 mins mins to read

Key Points:

  • Sanctum token, CLOUD, has a total supply of 1 billion, 30% reserved for the community.
  • Sanctum CLOUD Airdrop accounts for 10% of the total supply.
  • CLOUD tokens are integral to governance and capital control functions.
Sanctum introduces its token economic model, CLOUD, with a total of 1 billion supply. The Sanctum CLOUD Airdrop includes 10% of total supply, with unique claiming mechanics.

FP Lee, the team behind the Solana ecosystem LST protocol Sanctum, has introduced the Sanctum token’s token economic model, CLOUD. CLOUD’s total supply amounts to 1 billion, with an initial circulating supply of 180 million, which is 18% and, therefore, community-centric in approach.

Detailed Breakdown of Sanctum CLOUD Airdrop and Allocation

30% of the token supply will be dedicated to the community reserve to emphasize the participation of the community in the growth of the project.

Sanctum CLOUD Airdrop To launch In Few Weeks

Additionally, it has assigned 10% of total supply towards an initial airdrop. A strategic reserve of 13% will go towards future growth initiatives, while 1% will be gifted to Jupiter LFG.

The token launch of CLOUD will be public and transparent, with equal opportunities being offered to everyone.

Lee has turned down all interest from VCs, commenting that they can buy at launch like everyone else. This is notably a huge 18% of the total supply to unlock at launch, which deviates from the ‘low float high FDV’ meta.

Readmore: MoonPay Lays Off 10% Despite Product Expansion: Report

The Role of CLOUD in Sanctum’s Governance and Capital Control

In terms of utility, CLOUD will be used in core functions, such as governance and capital control. Partners will have to stake CLOUD to be eligible for the Sanctum Verified Partner program, and CLOUD holders will vote on which partners to be enrolled.

To separate the true believers from the farming opportunists, the initial airdrop will be structured with intelligent mechanics. One such example is that 50% of a token allocation is unlocked instantly, while the remaining is dripped over seven days and forfeited if it’s claimed early.

CLOUD will not pay CEX listing fees for the launch in a commitment to full transparency. On-chain will be made a first-class citizen with the help of LFG, with Lee adding that they’re aiming to deliver an experience with the launch that everyone will remember for CLOUD.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

CLOUD Airdrop

Sanctum

Sanctum Airdrop

Sanctum CLOUD

Sanctum Token

Avatar of Thana

Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
Airdrop

Sanctum CLOUD Airdrop To launch In Few Weeks

Key Points:

  • Sanctum token, CLOUD, has a total supply of 1 billion, 30% reserved for the community.
  • Sanctum CLOUD Airdrop accounts for 10% of the total supply.
  • CLOUD tokens are integral to governance and capital control functions.
Sanctum introduces its token economic model, CLOUD, with a total of 1 billion supply. The Sanctum CLOUD Airdrop includes 10% of total supply, with unique claiming mechanics.

FP Lee, the team behind the Solana ecosystem LST protocol Sanctum, has introduced the Sanctum token’s token economic model, CLOUD. CLOUD’s total supply amounts to 1 billion, with an initial circulating supply of 180 million, which is 18% and, therefore, community-centric in approach.

Detailed Breakdown of Sanctum CLOUD Airdrop and Allocation

30% of the token supply will be dedicated to the community reserve to emphasize the participation of the community in the growth of the project.

Sanctum CLOUD Airdrop To launch In Few Weeks

Additionally, it has assigned 10% of total supply towards an initial airdrop. A strategic reserve of 13% will go towards future growth initiatives, while 1% will be gifted to Jupiter LFG.

The token launch of CLOUD will be public and transparent, with equal opportunities being offered to everyone.

Lee has turned down all interest from VCs, commenting that they can buy at launch like everyone else. This is notably a huge 18% of the total supply to unlock at launch, which deviates from the ‘low float high FDV’ meta.

Readmore: MoonPay Lays Off 10% Despite Product Expansion: Report

The Role of CLOUD in Sanctum’s Governance and Capital Control

In terms of utility, CLOUD will be used in core functions, such as governance and capital control. Partners will have to stake CLOUD to be eligible for the Sanctum Verified Partner program, and CLOUD holders will vote on which partners to be enrolled.

To separate the true believers from the farming opportunists, the initial airdrop will be structured with intelligent mechanics. One such example is that 50% of a token allocation is unlocked instantly, while the remaining is dripped over seven days and forfeited if it’s claimed early.

CLOUD will not pay CEX listing fees for the launch in a commitment to full transparency. On-chain will be made a first-class citizen with the help of LFG, with Lee adding that they’re aiming to deliver an experience with the launch that everyone will remember for CLOUD.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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