Sanctum by Solana Increases Airdrop Rewards for Committed Users
Sanctum by Solana– Crypto airdrops are a popular method for DeFi protocols to attract users, generate interest, and ultimately launch their tokens.
However, in recent months, new token launches, which previously saw a flood of traders, aren’t garnering the same attention. Many recent airdrops have seen their tokens plummet in value upon launch.
Observers have blamed everything from airdrop Sybil attackers to the projects themselves for this situation.
Sanctum’s Airdrop Strategy Aims for Stability
Sanctum, a liquid staking protocol on Solana, hopes to avoid the pitfalls of recent airdrops by incentivizing recipients to wait before claiming and selling their tokens. This approach, combined with public token sales to investors, aims to create a more stable and sustainable token launch.
However, it’s uncertain whether airdrop recipients will be willing to defer their payouts. To receive the maximum bonus, recipients must wait six months before claiming their tokens.
Sanctum’s Strategy: Delayed Gratification for Stability
First, the protocol aims to incentivize airdrop recipients to delay their claims, betting that users will hold off if they believe the token’s future value will be higher. This means Sanctum is not looking to artificially inflate the token’s value in the short term.
Projects in the past started with so little and launched with crazy inflated FDVs, Sanctum co-founder FP Lee explained during an X Spaces stream. We don’t want that. We want to start low and go up.
Lee was referring to fully diluted valuation (FDV), which is the total value of a token’s supply, including those locked or yet to be distributed, not just the circulating tokens.
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