Blockchain platform Solana opens early bidding for SOL token sale

Solana, a blockchain for fast, secure, scalable, decentralized apps and marketplaces, is now live with early bidding for its community SOL token sale on CoinList. The main auction will go live from 10 PM PST on March 23 until 4 AM PST on March 24.

SOL is the native token of the Solana blockchain; which serves a few key purposes:

“These are uncertain times. We’ve taken every measure to ensure our team’s health and safety, and to navigate market volatility. After assessing community interest and root causes for recent market volatility, we believe this is a critical time for crypto infrastructure to be improved. With this in mind, we are going forward with plans to launch the SOL token. We have also structured a 90% price guarantee to protect from market volatility.”
– The Solana team

Solana Highlights

Auction Details

Auction Dates March 17. 12 PM PST: Deposits open & pre-bids start
March 23, 10 PM PST: Auction opens (will last for 6 hours)
Starting Bid $4.00 per SOL Token
Reserve Price $0.04 per SOL Token
Minimum Bid $100 Minimum Contribution
Supply Available in auction 8m SOL Tokens are available in the Auction
Circulating supply at launch 8m SOL Tokens
Lock-Up Period None
Vesting Schedule None
Eligible Participants Non-US Participants, additional jurisdictional restrictions apply
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