The Solayer sale kicks off on January 13th. Let's highlight the key points.
There is still an opportunity to farm points by staking SOL (Invite). A basic drop is also possible.
Solayer was previously discussed in the article.
Details about Solayer:
- Sale in oversubscription format
- FCFS (First Come, First Served)
- If oversubscription exceeds $21 million (x2 of the fundraising amount), the sale ends early
- KYC required
- CIS (Commonwealth of Independent States) is not on the list of banned countries (except for specific territories). However, Buidlpad reserves the right to restrict any jurisdictions without notice, based on its regulatory considerations
- The sale takes place at a $350 million FDV valuation
- 100% unlocked at TGE (Token Generation Event)
- Dates: January 13th 13:00 MSK – January 15th 02:59 MSK
- Polychain and Binance Labs among the investors
About the Project Solayer
Solayer is a restaking protocol on Solana designed to enhance dApps' performance by increasing network throughput and ensuring the security of the Solana Layer 1 (L1).
- Solayer is developing InfiniSVM, a high-performance blockchain architecture utilizing Infiniband RDMA technology. The system aims to achieve over 1 million transactions per second with a throughput of more than 100 Gbps.
- The project raised $12 million with an $80 million valuation, with participation from Polychain, Binance Labs, angel investors Sandeep Nailwal, Anatoliy Yakovenko, and others.
- Total Value Locked (TVL) stands at $390 million or 2 million SOL (doubled since the initial material): https://defillama.com/protocol/solayer?denomination=USD
- Notable Twitter followers of the project include Coinbase, Binance, Animoca Brands, IOSG VC, Multicoin Capital, Sequoia, eGirl Capital, the official Solana account, Anatoliy Yakovenko, and more.
More about InfiniSVM
InfiniSVM is a scalable network with hardware acceleration, utilizing SDN and RDMA technologies for dynamic load distribution. The architecture is based on Solana with enhanced scalability through microservices, sharded databases, and an optimized consensus protocol.
The system implements support for cross-chain contracts, large transactions, and OAuth authorization. RDMA and SDN technologies enable direct data transfer between nodes and programmable network control, allowing it to achieve a throughput of over 1 million transactions per second with network speeds exceeding 100 Gbps.
Team
Rachel Chu - Co-founder of Solayer.
- Also the founder and CEO of an NFT platform.
- Previously worked as a core developer at Sushiswap.
- Representatives from Coinbase, Paradigm, eGirl Capital, Electric Capital, Multicoin Capital, Polychain, a16z, and others follow her on Twitter.
Jason Li - Co-founder of Solayer.
- Co-founder of MPCVault, a company developing a non-custodial multisig wallet.
- Previously founded two other companies - LoopChat, a digital platform for students, and InkyLabs, a company developing solutions for traders, which was sold for over $1 million.
- Followed by representatives from Delphi Digital, Electric Capital, Multicoin Capital, Paradigm, a16z, and others on his Twitter.
Sale Conditions
The sale will be conducted in a FCFS subscription format.
Participants in the sale on Buidlpad will receive LAYER tokens without a lockup period with full unlock at TGE.
Additionally, the Solayer Emerald Metal Card (Visa) will be available. Card issuance dates will be announced later.
- Sale Start: January 13th 13:00 MSK
- End: January 15th 02:59 MSK
- Results: January 15th 13:00 MSK
- KYC required
- Payment: USDC/USDT on the Solana network, SOL, WIF, BONK
- Limits: from 100 to 2000 USDC/USDT
- Funds Raised: $10.5 million
- 30 million LAYER tokens allocated for the sale (3% of the total supply)
- Total Supply: 1 billion LAYER
- In the event of oversubscription, final distribution will be calculated proportionally
- Project Valuation: $350 million (8x to the average price of $3 per token on premarket)
- Unlock and vesting: 100% at TGE without vesting or cliff
- Countries banned: Canada, Cuba, Crimea, Iran, Japan, New Zealand, Netherlands, North Korea, South Korea, Singapore, Syria, USA, territories not under the control of the Ukrainian government, mainland China, and countries under UN sanctions.
If the total subscription amount exceeds $21 million, the sale will end prematurely.
LAYER - the native token of InfiniSVM. It will be used for platform governance. Token holders will be able to vote on key changes in Solayer and InfiniSVM, including accepting new delegating partners, determining the project's future direction, improving products and services, technical updates, and distributing grants within the ecosystem.
Performing mandatory actions:
- Visit the website https://www.buidlpad.com/solayer and connect your wallet.
- After that, proceed with KYC (using the KYC provider sumsub).
- Top up your wallet with an amount ranging from $100 to $2000 in USDC/USDT, SOL, WIF, or BONK on the Solana network.
- Follow the Twitter accounts: https://x.com/buidlpad and https://x.com/solayer_labs.
- Wait for January 13th, 13:00 MSK.
Also, anticipate an airdrop if you are restaking or have completed activities from our previous materials.
