What is CLOUD? Introducing New Token from Sanctum

Bittime – CLOUD is the latest token launched by Sanctum, which is expected to make a big impact in the world of cryptocurrency. With the aim of controlling capital and attention, CLOUD plays an important role in the Sanctum ecosystem, providing various benefits and opportunities for its holders.

CLOUD: Function and Role in the Sanctum Ecosystem

CLOUD tokens are designed to control two main aspects: capital and attention. In this system, CLOUD is used not only for governance, such as voting by validators on SIMDs, but also to manage scarce resources such as blockspace. 

The Sanctum Verified Partner program is one of the main initiatives where potential partners must stake CLOUD to join. CLOUD holders will have voting power to determine which partners will get access to various special features, including custom pets and quests in Wonderland S2.

Read Also: Dogs Coin Hits 20% Price Increase, Market Cap $789 Million

CLOUD Tokenomics: Allocation and Launch Schedule

CLOUD tokens have a total supply of 1 billion tokens, with distribution strategically planned to support ecosystem growth and stability. As much as 20% of the total supply will be opened at the initial launch, with 10% of which will be given in the initial airdrop and the remainder to provide liquidity in the LFG launch pool. 

Additionally, 30% of the total supply will be managed by the community to support growth through future airdrops, staking rewards, and grants. 

Another important part of tokenomics is the 11% allocation to the Strategic Reserve, which will be used for further development and strategic acquisitions. 

Meanwhile, 25% of the supply is intended for founders and core contributors who have committed to Sanctum's development for more than three years, and 13% is sold to investors at a predetermined price.

CLOUD Token Launch and Emission Schedule

The launch of the CLOUD token will be carried out publicly via Jupiter's LFG launchpad platform, which ensures transparency and fairness in token distribution. Tokens for teams and investors will be unlocked in stages over three years with a one year cliff period. This means 33% of the tokens will be unlocked one year after TGE, and the remaining 66% will be released linearly over the next 24 months.

Next Steps for CLOUD

In the next few weeks, the Sanctum team will release more information regarding the launch, including details about the LFG curve design, a special edition of the Jupiter Planetary Call, and an airdrop claiming tool. The entire launch process will be completely transparent, ensuring all parties have an equal opportunity to get involved.

With a thoughtful approach and mature strategy, CLOUD is poised to play an important role in the blockchain ecosystem and offer new opportunities to its holders. 

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To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn How to Buy Crypto on Bittime.

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