Hurray! After three and half years of cooking, Sanctum Network is yet to launch its governance token CLOUD, and we smell an airdrop. Let us take a look at what is Sanctum, what is the use cases of CLOUD, the eligibility criteria to obtain the airdrop, the launch date, and much more.
What is Sanctum?
Sanctum is a liquid staking platform built on Solana. They help users to launch new LSTs and allow them to swap between all LSTs in the pool. LSTs are Liquid Staking Tokens that represent the staked of a cryptocurrency on a blockchain. These tokens allow people to engage in staking while maintaining the ability to buy, sell, or trade the token. LSTs provide participants with flexibility and liquidity.
Through Sanctum’s infinity pool, you can deposit whitelisted LSTs or SOL (the native token of Solana blockchain) and receive INF in return. INF is a receipt token that represents your corresponding share of the total pool. Also, you can return the INF to withdraw whitelisted LSTs or SOL from the Infinity Pool.
In other words, Sanctum helps to solve liquidity issues by building the unified liquidity layer for Solana LSTs. Liquidity is everything for LSTs. The baseline of any great crypto venture is that it must facilitate robust price discovery. There must be enough liquidity on both sides of the network.
Those who want to buy can buy, and those who want to dump can dump, without creating a significant price impact. Sanctum aims to provide this kind of safe zone with its advanced layering solutions.
What is Sanctum’s $CLOUD Token?
CLOUD is an upcoming token of Sanctum ecosystem. According to Solana Community Polls, CLOUD was one of the prominent coins, users are expecting this quarter. No matter how much you know about the crypto world or how deep your pockets are, everyone can buy CLOUD on their launch date. They haven’t yet announced their token launch date. But when the Token launch occurs, we believe that airdrop occurs simultaneously. Previously they said that they would start the curve at
CLOUD Use Cases
CLOUD will used as a governance token across Sanctum ecosystem. Sanctum has a verified partner program, and prospective partners can stake their CLOUD to become a verified partner. According to the creators, Sanctum’s new projects are on the line. So it will grow over months and years. There will be many possible utilities for CLOUD over Sanctum’s many new products.
CLOUD Allocation Details
| Ticker | $CLOUD |
| Total Supply | 1,000,000,000 (1 Billion) |
| Initial Circulating Supply | 180 Million (18%) |
| Launch Liquidity | 18% |
| Community Reserve | 30% |
| Strategic Reserve | 13% |
| Jup LFG | 1% |
| Team | 25& |
| Investors | 13% |
Airdrop Launch Date
As said earlier, Sanctum hasn’t yet announced its governance token CLOUD’s launch date. But when we believe that airdrop, IPO, and token launch will occur in the coming days.
Step-by-Step Guide to Claim the Airdrop
- Obtain a referral code: You should obtain a referral code to become a member of the Sanctum ecosystem. While joining through the site, they will ask for one. In case you don’t have a referral code, join the Sanctum telegram group or Discord server, and ask any members for one.
- Involve in Community: You have to show your involvement in Sanctum community. You will get an idea of how the platform works by joining the discussions on Discord and Telegram.
- Sanctum Points, Pets, and Farming: If you are willing to spend some money on NFTs and gas fees, you can buy Sanctum’s farmland and start swapping pets. You can also collect Sanctum points by doing several other tasks. This may increase your chance to get a huge sum of CLOUD as a reward.
- Check for Updates: Visit the site daily, engage in community discussions, and look for official announcements. They will launch the airdrop anytime soon.
Should we Trust Sanctum Airdrop?
Sanctum is a 100% trustable venture. It is not a scam but is a legitimate platform. You can rely upon it.
Conclusion
Sanctum is very well known among the crypto community, and they have been working on CLOUD for the past three and a half years. If you are already farming Sanctum on Solana, you probably know that they are almost ready to airdrop. Whether you are a beginner or an existing user, you can participate in this.
This quarter, the Solana system has shown airdropping a lot. So I suggest you join their maiden voyage immediately.
Read More: How To Claim Blur Airdrop, Eligibility & Launch Date.
