Solana (SOL)

ICO

IDO

Published: Jul 02, 2023

Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions.

Funding Round: $314M

Series A Round: $20M

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Overview

Project industry	Blockchain Infrastructure / Solana Ecosystem / Node
Product type	Ecosystem
Founded	United States
Whitepaper	Open

What is Solana

One of the essential innovations Solana brings to the table is the proof-of-history (PoH) consensus developed by Anatoly Yakovenko. This concept allows for greater scalability of the protocol, which in turn boosts usability.

Solana is known in the cryptocurrency space because of the incredibly short processing times the blockchain offers. Solana’s hybrid protocol allows for significantly decreased validation times for both transaction and smart contract execution. With lightning-fast processing times, Solana has attracted a lot of institutional interest as well.

The Solana protocol is intended to serve both small-time users and enterprise customers alike. One of Solana’s main promises to customers is that they will not be surprised by increased fees and taxes. The protocol is designed in such a way as to have low transaction costs while still guaranteeing scalability and fast processing.

Details

Pre-sales: Apr 05, 2018 - Mar 23, 2020
Public sales: Mar 16, 2020 - Mar 24, 2020
IDO (Coinlist Launchpad): Mar 17, 2020 - Mar 23, 2020
Pre-sale token supply: 283,200,000 SOL
Token supply: 800,000,000 SOL
Total tokens for sale: 296,000,000 SOL
Raised: 359,550,000 USD

Legal

Blockchain Platform: Solana
Country limitations: USA
Registration country: United States
Registration year: 2018

Office address: 530 Divisadero St, PMB 722, San Francisco, California 94117, US

Token info

Ticker: SOL
Type: Utility-token
Token standard: SPL-20
Token price in USD: 1 SOL = 0,22 USD
Accepted currencies: USD, USDC
Token distribution:
15,86% - Seed Sale
12,63% - Founding Sale
5,07% - Validator Sale
1,84% - Strategic Sale
1,6% - Public Auction Sale
12,5% - Team
12,5% - Foundation
38% - Community Reserve