Sanctum, a liquid staking protocol in the Solana ecosystem, has proposed a token overhaul that would burn 259 million CLOUD tokens and change the token ticker to SANC. The update was reported by Techub, citing Crypto Briefing. According to the report, the proposal is aimed at strengthening market confidence and raising the project’s profile. It is also intended to improve Sanctum’s competitive position in the staking sector. No other details were provided in the brief.
Sanctum, a liquid staking protocol in the Solana ecosystem, has proposed burning 259 million CLOUD tokens and changing the token ticker to SANC.
Techub, citing Crypto Briefing, said the move is intended to strengthen market confidence, raise the project’s visibility, and improve its competitiveness in the staking sector.
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