FP Lee, the developer of Sanctum, introduced the design concept of LFG Launch for CLOUD, aiming to achieve liquidity, fairness, and consistency. To prevent bot sniping, the 'Alpha Vault' of Meteora will be used, which is not first come, first served but open in advance, allowing USDC to be deposited and withdrawn at any time, with a two-hour halt before closure. Depositors will acquire tokens at a price below the market rate and must lock them for a period. The Vault has a cap of $10 million, representing 50% of the total USDC, with excess funds being refunded. Buyers of the Vault can enjoy an initial discount of approximately 50%. Additionally, the total supply of CLOUD tokens is 1 billion, with an initial circulating supply of 18%, community reserves of 30%, strategic reserves of 13%, team allocation of 25%, investor allocation of 13%, and an initial airdrop of 10%.

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Odaily Planet Daily News: Sanctum developer FP Lee introduced the LFG Launch design concept for CLOUD, aiming to achieve the three major goals of liquidity, fairness, and alignment. To prevent bot sniping, the 'Alpha Vault' by Meteora will be used, which will not be first-come, first-served but open a few days before the actual trading begins. Anyone can deposit and withdraw any amount of USDC at any time until two hours before the release. When it closes, everyone who deposited in the Vault will receive tokens based on their USDC input. The price they pay will be below the market price as the initial tokens are sold at a very low price. In return for this discount, users entering the Vault will be locked for a period of time. The team has not yet determined the specific lock-up period and is currently considering a 2-month cliff and a 6-month vest, but this may be adjusted based on community feedback (e.g., 1-month cliff/3-month vest, 3-month cliff/9-month vest). However, it is important to me that the longest lock-up period does not exceed 12 months: I hope Vault buyers will be fully unlocked before the team and venture capital. The Vault has a cap of $10 million, accounting for 50% of the total USDC amount. This means that regardless of how many people deposit in the Vault, the highest price any Vault buyer will pay is $0.18 (180 million FDV). If the Vault is oversubscribed, users will receive proportional allocation, and the remaining portion will be refunded. Vault buyers always receive approximately a 50% discount on the initial spot price. The actual discount may increase or decrease based on subsequent market demand. In previous news, FP Lee, the developer of the Solana ecosystem liquidity staking protocol Sanctum, announced the CLOUD token economics on the X platform, with a total supply of 1 billion tokens, including: - Initial circulating supply: 18%; - Community reserve: 30%; - Strategic reserve: 13%; - Team: 25%; - Investors: 13%; - Initial airdrop: 10%.

Sanctum launches Alpha Vault to prevent bot sniping during CLOUD Launch