Would really love to see more utility in token usage and post-TGE adoption in DeFi further.
Cloud/INF
Cloud/SOL
Cloud/Madlads?
Could do so many weird things. Just need to put a vote up and see if it sticks!
Curious to see the other LSTs that are going to get listed on Sanctum! Really hope that would require voting and have a kickoff of DAO activity.
My name is Fred from Uganda and I love Sanctum so much, I know I did not get rewarded for being an early user but I believe in the future of Sanctum and $CLOUD the native token. This is my take on bettering the $CLOUD token
Staking: Allow $CLOUD holders to stake their tokens to support the network and participate in validation processes, earning rewards in return.
Governance: Give $CLOUD holders voting rights on proposals for the development and growth of the Sanctum ecosystem.
Discounts: Offer discounts on Sanctum services or products for users who hold or pay with $CLOUD tokens.
Exclusive Access: Grant $CLOUD holders early access to new features, beta testing, or exclusive content.
Token-Curated Registry: Implement a token-curated registry, where $CLOUD holders can vote on listings or assets within the Sanctum ecosystem.
Liquidity Provision: Incentivize $CLOUD holders to provide liquidity to decentralized exchanges or pools.
Burning Mechanism: Introduce a burning mechanism, where a portion of transaction fees or other revenues are used to burn $CLOUD tokens, reducing supply and potentially increasing value.
NFT Integration:Allow $CLOUD tokens to be used for minting, buying, or selling NFTs within the Sanctum ecosystem.
Partnership Rewards: Collaborate with partners to offer exclusive rewards or discounts to $CLOUD holders.
Decentralized Finance (DeFi) Integration: Explore integrations with DeFi protocols, enabling $CLOUD holders to lend, borrow, or yield farm their tokens.
i think it is a fair thread
I think 1 & 2 can and should be combined.
3 & 4 I like.
5 I don’t know exactly what this looks like.
6 is ok but I’d much prefer the team just put the liquidity into the market rather than use CLOUD as an incentive for LPing. They could use the fees generated to buy back CLOUD and burn it or some percentage if it and loop the other percent back into the liquidity provision.
7 I think some form of burning is a great idea to offset that rate of inflation over the next few years.
8 probably not. at least for the foreseeable future. You could do some sort of OTC swap where you allowed this. DePioneers built in an internal trade feature in pretty short time.
9 i guess that would come from projects looking to get their own LST perhaps.
10 could in theory happen if the token get some traction.
11 I would say teams would need to utilize CLOUD in the near future to get their own LSTs as well as the dcaSOL mentioned, I think a sacrafice of CLOUD would be appropriate. maybe a tiny fee of the staking rewards is collected and at the end of the month from all the LSTs created and is used to buy and burn $CLOUD.
Additionaly to what $CLOUD gives to its holders today I think 2 are the key points who can give it a better value:
excellent tokenomics proposal!
glad to still have some $cloud!
Just found the forum - glad to see in the closing remarks that the team will constantly be questioning themselves for further improvement
Welcome to the forum mate!
Feel free to post any suggestions or ideas!
I have always been in favour of tokens. It is the perfect attracting tool for investors and other participants
New here. I see that we’ve not talked about this utilities for a month…
Any updates?