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Introducing $CLOUD, the @sanctumso token Thank you all for the outpouring of comments and suggestions on my first tokenomics proposal. I am floored by the power of our community. There are dozens of forum posts, hundreds of comments, and thousands of thoughtful Discord messages.- == On the $CLOUD airdrop, part 1 == There is a rot in crypto: the scams, the ponzis, the memecoin rugs. The bigger we grow, the more grifters show up -- like centipedes slithering out of the floorboards -- and the more polluted this space gets. But strip away the rotten
- out of 314k wallets in @sanctumso Wonderland, 60k had dust (<0.001 SOL). another 30k had < 0.1 SOL. another 60k had <0.3 SOL. The median wallet had 0.335 SOL. majority of wallets are very low value (<~$50 of capital). holding just 1 SOL would put you around the top 1/3 of all
- # Three things I want to build after TGE 1. Sanctum Launchpad Sanctum Launchpad is how the Sanctum community will kickstart the onchain economy. We will use LSTs to support new projects and real products we want to see. Projects can use LSTs as a way to get working capital so
- # On the $CLOUD airdrop, Part 3 314,367 wallets signed up for Wonderland. After adjustment to accurately reflect retroactive EXP [^1], the total EXP across all wallets was 2,525,753,364,296.272 -- 2.5 trillion. The top wallet earned over 100 billion points. This is roughly
- On @sanctumso Profiles We are building a composable social and loyalty layer for all projects on Solana. We want to build a new paradigm where the user, not the wallet, is the atomic unit that is recognised and rewarded. Some of the cool things you'll be able to do with
- Sanctum Wonderland Launch Postmortem Whew! What a crazy 24 hours. We launched Wonderland yesterday at 4pm UTC (3:56 actually because we got too excited). I want to share what we learned and address some issues. Let's start with the positives! Users loved Wonderland. Our
- Final airdrop post I understand that many people who were using and putting their hard-earned SOL inside @sanctumso feel very hurt and upset. I understand that you feel unfairly treated compared to those who did not put in as much capital but were actively contributing in
- # $CLOUD launch retrospective We wanted to do a truly fair launch, raising the bar and setting the new meta for all token launches going forward. And by and large I think we did a great job. Our goals: ✅ Overcommunicate, practice radical transparency ✅ Pay no CEX listing
- On the upcoming @JupiterExchange LFG vote We are launching a token. You can read about why here: jupresear.ch/t/sanctum-lfg-… What we haven't yet done is given a specific breakdown of our tokenomics. Some people have asked us to pull out and come back when we have them finalised. IWrapping Up The Community Airdrop Consultation Hey all, wanted to share the main changes that we are making to the community airdrop after the last few days of very intense debates. We will also share important clarifications and explain some of the hotly debated decisions
- Everyone who says something nice about @sanctumso is now just a duplicitous Earnestness farmer that cannot be trusted. The rules create the incentives which create behaviors. If you monetize authenticity you TAINT authenticity and lose it.
