Solana Co-Founder Reveals Airdrop Rule of Thumb as Sanctum Shakes Up Community

At the center of this storm is Sanctum, a blockchain protocol built on Solana, which has found itself embroiled in a heated conflict with its community over its recent token allocation strategy. As tensions rise, Solana co-founder Anatoly Yakovenko has entered the fray, offering his take on effective airdrop design.

Solana Co-Founder’s Perspective on Designing the Sanctum Airdrop

Anatoly YakovenkoSolana co-founder Yakovenko weighed in on the ongoing debate surrounding cryptocurrency airdrops, offering his perspective as the Sanctum protocol faces community backlash over its recent token allocation. Yakovenko shared what he calls “rule number one” for airdrop distribution design: “no whiners or complainers.” He suggested that this rule be explicitly stated, allowing developers to refer to it when the inevitable complaints arise.

However, Yakovenko also stressed the importance of rewarding power users who actually enjoy the product. He advised that for a airdrop To be effective, the benefit to users must be greater than the reward itself. Ideally, he noted, the beneficiaries should be paying customers, with the reward amount being less than the fee they pay for the service.

The advice comes as Sanctum, a blockchain protocol built on Solana, faces community discontent over its recent token allocation. The protocol’s decision to favor active contributors over equity investors has sparked controversy, with many users feeling unfairly treated.

In response to the outcry, Sanctum released a lengthy statement on X acknowledging the community’s frustration. The company explained that its “seriousness allocation” was intended to create a core group of believers essential to the protocol’s development. It also announced plans to address oversights by allowing additional submissions for review and pledged to reward “seriousness capital” over the long term in future airdrops.

The incident sparked a wider debate within the cryptocurrency The community is questioning the fairness and effectiveness of airdrop strategies. Some users have expressed skepticism about the long-term commitment of airdrop recipients, while others are advocating for greater recognition of financial investments in the protocols.

As the debate continues, Yakovenko’s ideas offer a potential framework for future airdrop models, highlighting the delicate balance between rewarding active users and avoiding community discord. The Sanctum controversy serves as a case study in the challenges of token distribution in the evolving landscape of decentralized finance.

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Sanctum’s Innovative Approach to Token Distribution

To address the challenges of token distribution, Sanctum has introduced an innovative approach for its upcoming airdrop on July 18. Eligible recipients have a choice: they can either claim their tokens immediately, with the option to sell them, or wait and potentially receive up to twice their initial allocation.

Sanctum co-founder FP Lee explained that waiting could result in a bonus of up to 100%, with the maximum bonus requiring a six-month wait before it can be claimed. tokensThis strategy aims to create a more stable and sustainable token launch by incentivizing recipients to hold their tokens while simultaneously selling tokens to public investors.

However, this approach raises questions about whether airdrop recipients will be willing to defer their payments, especially given the volatility of the cryptocurrency market. The six-month waiting period for the maximum bonus represents a significant delay in the fast-moving cryptocurrency world, and it remains to be seen how recipients will react to this incentive structure.

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