A Guide to Sanctum Airdrop Claim and Public Sale

Riding on the huge success of the Wonderland campaign, $CLOUD will be launching on Jupiter LFG, ByBit, Backpack, and Gate on 18 Jul.

Let’s explore

• The growth of Sanctum LSTs
• Dynamic Airdrop
• Alpha Vault mechanics
• Strategies

Unlike most other points programs where TVL significantly suffers, we have seen the continuous growth of Sanctum’s market share even after the end of the Wonderland campaign.

As of 30 June, Sanctum’s 44 LSTs combine for 14% market share, surpassing that of Blaze with a 3700% QoQ increase.

This proves Sanctum’s products have tremendous product market fit, and are very much needed in the Solana eco-system:

• Increased liquid staking
• Which promotes DeFi and network decentralization
• Aligns with Jupiter’s vision of PPP (Protocol Pump Player) and not PvP

Founder FP Lee also has some exciting plans for the project:

1. Sanctum Launchpad
2. Sanctum Profiles v2
3. Sanctum Pay

FP Lee has written many times about both the importance of Capital x Time as well as “earnestness”, the loyal users who contribute to the project not just with capital but also active participation through educational content and helping other users etc.

That is why the Airdrop will be split into 2 components:

• 5% of supply for capital allocators (linear based on Wonderland pts, referral cupcakes added to total)
• 5% for earnest allocation (determined by team based on your contributions after linking socials to the Sanctum profile)

Dynamic Airdrop

The airdrop can be claimed at any time, but you will be rewarded for being a long-term believer:

Capital Allocation: 100% bonus if you wait 14 days

Earnest Allocation: 100% bonus if you wait 180 days

Alpha Vault

The Alpha Vault by Jupiter will allow long-term believers to buy $CLOUD before snipers, bots, and everyone else at a (potentially) low price.

• Tokens will be vested for 6 months.
• The Alpha Vault will open for USDC deposits from Tue, 16 July, 12:00 GMT to Thursday, 18 July, 10:00 GMT (46 hours).
• The vault is not FCFS; there is no need to rush.
• If deposits are over-subscribed, everyone will get the same share, and unused capital is refunded.
• 5% of the supply (50M $CLOUD) is allocated for Alpha Vault with a 7.5M USDC cap.
• The starting price is $0.001 and if all 7.5M USDC is filled, then the price that everyone pays would be $0.15 per token ($7.5M / 450M CLOUD)
• The spot price for the LFG launch would then be ~$0.278

The recent $SEND token also used Alpha Vault to launch, and it was 70x over-subscribed.

Example: If you deposit $1000, and it is 10x oversubscribed, then 1/10 ($100) will be used to buy tokens, and $900 is refunded.

The $SEND Alpha Vault had 7 days vesting while $CLOUD vests for 6 months which is much longer. We expect $CLOUD to be oversubscribed as well but not as much as the ridiculous 70x it would be surprising if it wasn’t at least 10x subscribed. So be mentally prepared for this.

Strategy and Important Notes:

1. There is no rush to deposit right away as it is not FCFS.
2. You should wait for at least Wednesday — Thursday before I deposit and monitor it along the way.
3. Expect this to be oversubscribed. From experience monitoring similar launches and specifically $SEND, others are also doing the same and would deposit in the last few hours.
4. You will be able to get back the unused capital BEFORE the launch.
5. So, any capital unused can be deployed in the open market.
6. Consider borrowing stables to increase your deposits (do so at the last minute)
7. Typical with airdrop launches, there will always be people who (don’t read) or simply claim instantly and dump. Let the dumpers dump and use it to your advantage.
8. Be patient and find a sweet spot or a price you’re comfortable with buying to carefully deploy your capital.
9. Consider deploying over multiple tranches as there could be selling pressure throughout and after the 14 days.
10. A good time to use DCA or Limit Order of Jupiter to help you + qualify you for Jupiter airdrop.
11. Increase your priority fees to ensure orders get hit.

As a final note, here’s a summary of key dates:

16 July
1:30 UTC: Liftoff Call.
3 pm UTC: LFG page live and allocation checker, Alpha Vault deposits open.

18 July
1 pm UTC: Alpha Vault closes, withdrawal for unused capital.
3 pm UTC: $CLOUD launch, airdrop claims.
3:30 pm UTC: ByBit and other exchange listing.

Vesting

• 6 months for Alpha Vault users
• Capital: 100% linear bonus if wait up to 14 days
• Earnest: 100% linear bonus if wait up to 180 days

Tokenomics

See the attached screenshot. Below is the full official Sanctum Survival Guide.

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