After yesterday’s announcements from @fplee, there is a big opportunity to give $CLOUD more utility and value. How?
Additionally to governace and other utilities of the token, team can add another one, setting the $CLOUD up as the core token of the cloud card usage.
-Holders will can spend their SOL using cloud card and the tx can follow the swapping path SOL>CLOUD>spend.
-Besides that any fees that create from cloud card users can be paid with $CLOUD.
I think, if this is possible to happen, it will add more value to $CLOUD token.
Not sure this can work, vendors would need to settle purchases in a stable like USDT so the purchase into cloud would have to later be sold. All this would do is increase the volume of cloud not have any sort of positive for price appreciation. Thanks for the post!
Thanks. I’m just not so sure this project is one that wants to force value by creating a demand or dependency in this manner. But I could be wrong! Defenitely still an interesting proposition.
You can read here mate CLOUD: The Sanctum Governance Token | Blog
also here Sanctum tokenomics proposal.
There were posted some threads too, you can find them at sanctum’s account.
Pay attention to this phrase from cloud’s docs “There will be a lot of possible utilities for CLOUD over Sanctum’s many new products as we grow to become a cornerstone of the world economy.”