CLOUD Survival Guide
Wondering what to do on CLOUD launch day? Here’s everything you need to know.
Last updated
Wondering what to do on CLOUD launch day? Here’s everything you need to know.
Last updated
Tuesday, 16th July 2024, 11 PM SGT / 11 AM EST / 3PM UTC
Sanctum’s LFG page goes live
Check your allocations!
Alpha Vault opens for deposits
Thursday, 18th July 2024, 11 PM SGT / 11 AM EST / 3PM UTC
CLOUD token starts trading
Users can start to claim their airdrop.
The Alpha Vault lets long-term believers in Sanctum buy $CLOUD at a (potentially) better price. In return, their $CLOUD tokens are vested.
Before you decide, think:
Are you ready to be Sanctum-Aligned for at least the next 6 months?
Or are you Sanctum-curious, but not ready to be aligned for more than 6 months?
We want as many people as possible to join us on this journey, but we also want to ensure that everyone is taken care of.
You can deposit USDC into the Vault and get to buy the tokens first. This may give you a significant discount over buying on the open market. However, your tokens vest over 6 months.
You can buy after the vault fills, with no price guarantees, but you get your tokens immediately.
The Alpha Vault will be open for deposits from Tuesday, 16th July, 12:00 GMT and Thursday, 18th July, 10:00 GMT. The vault is not first-come-first serve; there is no need to rush.
Please think carefully before you make your decision. We want to make sure that the discount and bonus is attractive only if you are truly aligned, and ensure that open market traders still get a good entry even if they don't deposit into the vault.
Let’s dive into the details.
The starting price of CLOUD will be determined by the amount of USDC in the vault, with a max buying cap of 7.5M USDC / 50M CLOUD. The price of CLOUD will start at $0.001, and go up to $0.5 as the max price of the LFG Curve.
If more than 7.5M USDC is deposited, CLOUD will be allocated proportionally to deposits, and the excess USDC will be returned.
For example, if 17.5M USDC is deposited at the time the vault closes, the vault will sell 50M CLOUD for 7.5M USDC, and the excess 10M USDC will be returned to buyers.
The maximum price vault buyers will pay is $0.15 ($7.5M / 50M CLOUD = $0.15 per CLOUD) if the vault fills completely; the spot price will start around $0.278. If the vault does not fill completely, both the spot price and price paid by vault buyers will be lower.
This creates a choice:
Deposit into the Alpha Vault to buy the tokens first, which may give you a discount over buying on the open market. But your tokens vest over 6 months.
Buy on the open market: give up a potential discount but be fully liquid.
You have a similar choice to make with the airdrop.
Long-Term-Aligned: You can wait to claim your airdrop. The longer you wait, the more $CLOUD you get, maxing out at a 100% bonus if you wait the full duration.
Sanctum-Curious: You can claim your airdrop at any time, giving up the bonuses but getting $CLOUD right away.
Your airdrop has two different components, Capital and Earnestness.
To get the full 100% bonus for Capital, wait 14 days;
To get the full 100% bonus for Earnestness, wait 180 days.
You can claim at any time and forfeit the rest of the bonus. For example, claiming the Earnestness component after 90 days will give you a 50% bonus.
Again, two options:
Sell your airdrop right away.
Wait to get extra $CLOUD.
All forfeited tokens will go back to the Community Reserve.
The price of CLOUD may be volatile at launch. You might need to set higher slippage tolerances to land your transactions.
You can use Telegram bots like Trojan/Bonkbot/Fluxbot or Jupiter’s Ape to trade quicker, or if you don't want to worry about any of this, you can simply set a DCA or Limit Order on Jupiter's LFG page.
As the launch will be very high-traffic, you may see increased priority fees when claiming or swapping. Jupiter’s LFG page automatically optimizes the priority fee setting for you. Consider setting a max cap on the UI to ensure that you don’t overpay.
You can also reduce the priority fees needed to claim if you wait a few hours to claim your airdrop.
