According to BlockBeats, on July 16, the Solana ecosystem liquidity staking protocol Sanctum officially stated that Alpha Vault will be open for deposits from 20:00 on July 16 to 18:00 on July 18, Beijing time. It is not a first-come, first-served basis, and the corresponding CLOUD tokens will be vested within 6 months.

The starting price of CLOUD will be determined by the amount of USDC in the Vault, with a maximum purchase limit of $7.5 million/50 million CLOUD. The price of CLOUD will start at $0.001 and rise to $0.5 on LFG Curve.

If the deposited USDC exceeds $7.5 million, CLOUD will distribute it proportionally to the deposit and the excess USDC will be refunded.