CandleFocus Solana liquid staking startup Sanctum trials ‘creator coins’
2024-12-20
Author: Content Editor
Solana startup Sanctum has launched a new concept called creator coins, which are Solana liquid staking tokens that give the yield to creators. Fans earn loyalty points for holding creator coins, which can be used by creators to offer perks. Sanctum aims to attract more crypto-native creators to drive adoption. The startup, which came up through the Solana Foundation's incubator, previously launched the token INF and conducted a controversial airdrop. Creator coins forgo staking yield to support creators, and users earn loyalty points called "seeds." Sanctum takes a small cut of the yield, but may change this in the future. The target audience for creator coins is celebrities, who often face reputational damage from volatile memecoins. Sanctum is limiting creator coins to crypto creators initially to ensure a closer connection between creators and their supporters.
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