Cloud Price

Cloud (CLOUD) is the governance token for Sanctum, a liquid staking platform on the Solana blockchain. By holding CLOUD, you can participate in decisions about Sanctum's future, such as voting on new partners. To become a verified partner in the Sanctum ecosystem, entities must stake CLOUD tokens. This staking process grants them benefits like custom pets and quests within the platform.

Sanctum simplifies liquid staking by allowing you to stake your SOL tokens and receive liquid staking tokens (LSTs) in return. These LSTs can be traded or used across various decentralized finance (DeFi) platforms on Solana, providing flexibility and liquidity.

Sanctum is a platform in the Solana ecosystem that allows you to stake your SOL tokens and receive Liquid Staking Tokens (LSTs) in return. These LSTs represent your staked assets and can be traded or used in various DeFi applications, providing you with liquidity while still earning staking rewards.

To use Sanctum, you connect your Solana wallet to the platform and select the amount of SOL you wish to stake. In exchange, you receive an equivalent amount of your chosen LST, which you can then trade or utilize across the Solana ecosystem. This process enables you to maintain liquidity and flexibility with your staked assets.

Sanctum also offers features like the Infinity Pool, where you can deposit your LSTs to earn additional rewards. By participating in the Infinity Pool, you receive INF tokens, which can be staked or used within the Sanctum ecosystem for various benefits. 

Sanctum is a liquid staking protocol on the Solana blockchain. Its founders, including FP Lee, have been developing the platform since 2021.

The platform launched its governance token, CLOUD, on July 18, 2024. This token allows holders to participate in governance decisions and supports the Verified Partner Program.

Sanctum's roadmap includes several key phases:

Phase 0: Build the Foundation

> Developed infrastructure for interoperable Liquid Staking Tokens (LSTs).

> Created tools like The Reserve for instant unstaking and the Sanctum Router for seamless LST conversions.

Phase 1: Start the LST Revolution

> Launched new validator LSTs with zero fees.

> Aimed to migrate native stakers to validator LSTs and encourage SOL holders to adopt LSTs.

Phase 2: Infinity

> Introduced Infinity, a multi-LST liquidity pool supporting swaps between various LSTs.

> Enabled efficient liquidity sharing among LSTs.

Cloud (CLOUD) is the governance token for Sanctum, a liquid staking platform on the Solana blockchain. By holding CLOUD, you can participate in decision-making processes, such as voting on prospective partners and strategic directions within the Sanctum ecosystem.

Prospective partners need to stake CLOUD to qualify for the Sanctum Verified Partner program. As a CLOUD holder, you have the power to vote on which partners are accepted into the program.

Additionally, CLOUD tokens are used to incentivize community engagement and platform usage. Sanctum may distribute rewards in CLOUD tokens to encourage participation and contributions to the ecosystem's growth.

You can also trade CLOUD tokens on the KuCoin Spot Market, providing liquidity and investment opportunities. 

Cloud (CLOUD) is the governance token for Sanctum, a liquid staking platform on the Solana blockchain. The total supply of CLOUD is 1 billion tokens.

The token distribution is as follows:

1. Launch Liquidity (20%): 10% allocated to an initial airdrop; 10% used to seed liquidity in the launch pool.

2. Community Reserve (30%): Managed by the community for growth initiatives like future airdrops, staking rewards, and grants.

3. Strategic Reserve (11%): Utilized by the team for ecosystem development, including partnerships and market-making.

4. Team (25%): Allocated to founders and core contributors, vesting over three years with a one-year cliff.

5. Investors (13%): Provided to early investors, also vesting over three years with a one-year cliff.

6. Jupiter LFG (1%): Allocated to Jupiter's LFG launchpad.