Sanctum introduces its governance token, CLOUD, designed to enhance the governance and management of its ecosystem. With a focus on capital and attention control, CLOUD will play a pivotal role in validator voting on SIMDs and managing the scarce resource of block space.
CLOUD’s Role and Utility
At launch, CLOUD will primarily control capital and attention within the Sanctum ecosystem. Prospective partners must stake CLOUD to qualify for the Sanctum Verified Partner program, with token holders voting on partner selection. Verified partners will benefit from customized pets, quests, and more for their LSTs. Additionally, CLOUD will feature prominently in Wonderland Season 2.
Sanctum envisions exponential growth over the coming months and years, with CLOUD set to gain various utilities across Sanctum’s expanding suite of products, aiming to become a cornerstone of the global economy.
Tokenomics
- Ticker: CLOUD
- Total Supply: 1,000,000,000 (1B)
Distribution Breakdown
- Launch Liquidity (18%): 10% of the total supply will be given in an initial airdrop, and 8% will seed liquidity in the LFG launch pool. Proceeds and unsold tokens will go to the Strategic Reserve.
- Community Reserve (30%): Governed by the community, this reserve is intended to strategically grow the ecosystem through future airdrops, staking rewards, and grants.
- Strategic Reserve (13%): Managed by the team for ecosystem growth, including future acquisitions, strategic investments, LST partners, and on-chain liquidity.
- Team (25%): Allocated to founders and core contributors who have been building Sanctum for over three years.
- Investors (13%): Sold to investors at valuations of $50M and $60M, primarily in 2021.
- Jupiter LFG (1%): Allocated to Jupiter LFG.
Token Emission Schedule
Team and investor tokens will unlock over three years with a one-year cliff. After the first year, 33% of the tokens will unlock, with the remaining 66% vesting linearly over the subsequent 24 months. All tokens will be fully vested 36 months post-TGE.
Public Token Launch
CLOUD’s launch will be conducted via Jupiter’s LFG launchpad to ensure a transparent, decentralized, and fair distribution. This method gives everyone an equal opportunity to acquire CLOUD, regardless of their connections or financial resources. Despite recent VC interest, Sanctum has opted for a public launch to maintain fairness.
The token launch will start at a $50M valuation, matching the seed round valuation, and offering buyers an opportunity to invest at the same price as early investors.
Upcoming Developments
Over the next few weeks, Sanctum will engage in several public activities, including:
- Deep dives with the Jupiter and Meteora team on LFG curve design
- A special edition of a Jupiter Planetary Call
- The release of the Sanctum Profile tool
- A reveal of airdrop eligibility
- Additional detailed essays
- An airdrop eligibility and claiming tool
Sanctum aims to keep the community informed and involved throughout the process, fostering a transparent and inclusive ecosystem.
