Sanctum $CLOUD Token Airdrop: What You Need to Know
2024-07-18
The $CLOUD token airdrop has generated significant buzz in the crypto community. As a participant, understanding the allocation details and distribution breakdown is crucial. Let’s dive into the specifics:
What is the $CLOUD token?
The $CLOUD token serves as the governance token for Sanctum, a project built on Solana’s liquid staking layer. Sanctum enables custom liquid staking tokens (LSTs) and validator LSTs, combining native staking benefits with instant liquidity for Solana DeFi.
Recently, Sanctum introduced $CLOUD with a total supply of 1 billion tokens. It will launch on Jupiter’s LFG Launchpad, addressing the “low float, high FDV” issue. The initial circulating supply will be 20%, with 10% reserved for the airdrop and 10% seeding liquidity in Jupiter’s LFG pool.
Read more: How to Set Up a Liquid Staking Token (LST) in Sanctum: A Step-by-Step Guide
Allocation Details
- Mint Address: The CLOUD token mint address is CLoUDKc4Ane7HeQcPpE3YHnznRxhMimJ4MyaUqyHFzAu.
- Check Your Allocation: Visit the LFG site to verify your airdrop allocation.
- Claim Date: The airdrop can be claimed on July 18th at 11 am EST.
- Eligibility: A total of 108,185 profiles (not wallets) qualify for the airdrop.
Distribution Breakdown
- Launch Airdrop: 10% of CLOUD tokens are distributed.
- Capital Allocation: 5% (50M CLOUD) was based on your share of the total Wonderland Season 1 EXP.
- Referral Cupcakes granted 20,000 bonus Referral EXP, directly added to your total.
- To qualify, you needed over 200k EXP.
- Earnestness Allocation: Reserved for earnest users who missed setting up a Sanctum Profile by July 1st, 2024, EST 0000.
- Instructions for retroactively claiming these tokens will follow the token launch.
Read more: Understanding Infinity Vault: The Next Big Thing in Liquid Staking Tokens
Dynamic Airdrop Options
- Long-Term-Aligned: Wait for a bigger bonus. Waiting longer yields up to a 100% bonus.
- Sanctum-Curious: Claim immediately, forfeiting bonuses but receiving $CLOUD right away.
- For the full 100% bonus:
- Capital: Wait 14 days.
- Earnestness: Wait 180 days.
Conclusion
The $CLOUD airdrop presents an exciting opportunity for participants. Stay informed, verify information, and make the most of this crypto event!
FAQ (Frequently Asked Questions)
1. What is the $CLOUD token airdrop?
The $CLOUD token airdrop is a distribution of CLOUD tokens to eligible participants. It rewards users who have actively engaged with the project and met specific criteria.
2. How do I check my airdrop allocation?
Visit the LFG site to verify your allocation. You’ll find details about the amount of $CLOUD you’re eligible to receive.
3. When can I claim my airdrop?
The airdrop can be claimed on July 18th at 11 am EST. Make sure to mark your calendar!
4. What’s the significance of Referral Cupcakes?
Referral Cupcakes grant a bonus of 20,000 Referral EXP each. This bonus was directly added to your total Wonderland Season 1 EXP, affecting your capital allocation.
5. Should I wait for a bigger bonus?
You have two options:
- Long-Term-Aligned: Wait for a bigger bonus (up to 100%). The longer you wait, the more $CLOUD you’ll receive.
- Sanctum-Curious: Claim immediately, forfeiting bonuses but getting $CLOUD right away.
Disclaimer: The content of this article does not constitute financial or investment advice.
