Liquid staking platform based on Solana, Sanctum (CLOUD) announced its intention to launch the CLOUD airdrop next week.
On Monday, the project will release a practical guide outlining the launch process. Following this, at 15:30 UTC on July 16th, it plans to conduct a special edition of the Planetary Call, titled “Liftoff” with Jupiter, to provide further insights into the launch. Subsequently, a portal will be activated to allow users to check their airdrop allocations, deposit into the Alpha Vault to purchase CLOUD early with vesting, or prepare for the CLOUD launch.
Subsequently, on July 18th, CLOUD will be launched, enabling individuals to claim their airdrop and begin trading with the CLOUD token. On July 19th, Sanctum will host a CLOUD Party.
Welcome to Sanctum Week!
It's finally here. Starting Monday, we've got an action-packed week leading up to the launch of $CLOUD!
Start off the week on Monday (15 July) by reading a practical guide of the launch process, containing all details important to the $CLOUD Launch… pic.twitter.com/Rm0Xr4X0lR
— sanctum 
(@sanctumso) July 10, 2024
Sanctum To Unlock 18% Of Total CLOUD Supply At Launch
A total supply of CLOUD is set at 1 billion tokens. According to Sanctum, 18% of the total supply is planned for allocation at the release: 10% will be allocated via an initial airdrop, and 8% will be utilized to seed liquidity in the LFG launch pool. In addition, 13% of the tokens will be set aside for the strategic reserve, 25% will be distributed to the team, 13% to backers, and 1% will be reserved for the Jupiter LFG.
The token will be used for governance and capital control, enabling holders to influence decisions regarding the platform’s direction and resource management. Additionally, participants will be required to stake CLOUD to qualify for the Sanctum Verified Partner program, with CLOUD holders voting on which partners are accepted.
At the airdrop launch, 18% of the total token supply will be unlocked. Half of the airdrop, or 5%, will be allocated to Wonderland XP. The remaining 5% will be distributed among users based on user social contributions, the quality of these contributions, and active participation.
Sanctum focuses on liquid staking tokens (LSTs) Solana, providing tools for the creation, trading, and management of these tokens. Recently, Sanctum concluded its Wonderland Season 1 and unveiled Sanctum Profiles, enabling individuals to connect their wallets and social media accounts.
The post Sanctum Initiates CLOUD Airdrop, Launching Token Claims On July 18 appeared first on Metaverse Post.