Solana SOL
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Score Sentiment Neutral
Fundraising Statistics
$140.17 -2.59%
$0.22
Jump Crypto Tier 1
Multicoin Capital Tier 1
Polychain Capital Tier 1 SOLSolana
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Short Review Solana
Crypto project Solana (SOL) is classified as a Blockchain. Solana is a Utility token that is hosted on the Solana Network. The current total supply is 568.55 M SOL (Circulating Supply + Tokens yet to be released - Burned Tokens). A total of $5,375,000 (1.60% of total tokens) have been allocated for the public sale.
Solana ICO Overview
Public sale of tokens will take place on the Coinlist Launchpad. Estimated date for the public token sale: 24 March 2020. Solana (SOL) price during the token sale: 0.22 USD. Min/Max Personal Cap: 100$ / TBA. You can purchase project tokens for USDC
Residents of the following countries will not be able to participate in the public sale of tokens: Australia Canada China Crimea Cuba Hong Kong Iran Non-accredited investors USA Syria USA
SOL Price Chart
The launch of SOL token trading took place on 10 April 2020.
Fundraising Rounds
Total sold 184.96 M SOL tokens (36.99% of total tokens). Total amount of funds raised by the Solana project is $359.70 M.
| Investment Round | Date | Price | Raised |
| Private Sale | June 9, 2021 | -- | $314.15 M |
| Coinlist Auction | March 16, 2020 | $0.22 | $1.76 M |
| Strategic Round | February 2020 | $0.25 | $2.29 M |
| Validator Round | July 2019 | $0.225 | $5.70 M |
| Series A | June 2019 | -- | $20.00 M |
| Founding Round | June 2018 | $0.20 | $12.63 M |
| Seed | March 2018 | $0.04 | $3.17 M |
Solana Investors
Jump Crypto Tier 1 Multicoin Capital Tier 1 Polychain Capital Tier 1
a16z (Andreessen Horowitz) Tier 1
500 Startups Tier 2
BlockTower Capital Tier 2
CMS Holdings LLC Tier 2
CoinFund Tier 2
ParaFi Capital Tier 2
Slow Ventures Tier 2Detailed review of Solana
SOL - Solana coin. Solana is a relatively new player in the cryptocurrency arena, but it is already gaining momentum. Since its launch in March 2020, Solana's cryptocurrency, SOL, has risen from $0.5 to over $30. The SOL cryptocurrency can be used in the Solana ecosystem: users submit tokens to transaction validators and then receive rewards for their contribution and pay transaction fees using SOL. This cryptocurrency can also be used in decentralized applications built on Solana (for example, Chainvote, a blockchain-based voting system where 1 vote equals 1 SOL).
Project Solana (SOL)
Solana is a Spanish word meaning “sunny side”, and is at the same time a sentimental allusion to the happy times that the project’s creators spent on the beach of the same name in San Diego, and a reflection of the main idea of this project - transactions are processed at the speed of light. Anatoly Yakovenko, Greg Fitzgerald, Raj Gokal and Stephen Akridge have found an elegant solution to the problem that plagued Bitcoin and Ethereum, increasing the speed of transactions on the blockchain enough to compete with giants like Visa. Three years passed from the initial technical description of Proof of History in November 2017 to the official release in March 2020. What is their secret? It takes a long time for computers to establish reliable communications with each other. So Anatoly Yakovenko came up with an idea: what if there was one simple thing that computers had to agree on in order to start trusting each other? And that thing was their internal clock (for two computers to trust each other, they had to agree on something, and comparing their clocks turns out to be a simple solution). In practice, this reduces the time required to verify the order of transactions, and as a result, users receive their funds much faster.
Advantages of Solana (SOL)
- Large ecosystem. A whole ecosystem of decentralized applications has emerged around Solana: they support and expand existing technologies, are introducing new features and even creating new tokens, exchanges and trading platforms. This opens up many possibilities for using the SOL coin.
- Fast transactions. Thanks to the innovative Proof of History method, the Solana network can process thousands of transactions in one second, making it a potential competitor to centralized payment networks in future. Simply put, it's lightning fast.
- Low fees. Not only does Solana's blockchain provide significantly faster transaction speeds, but transaction fees are noticeably lower than competitors. You can always check the current commission on the Solana home page.
Disadvantages of Solana (SOL)
- Solana is still in beta testing. The project is still very young, and the team has a lot of work ahead: improving security, increasing the number of validators for greater decentralization of the network, working on stability (for example, in December 2020, the Solana network was down for six hours). Such events can affect its reputation and therefore the price of the coin.
- Using Rust Solana is built using the Rust programming language. Greg Fitzgerald suggested using Rust to improve security and performance. However, it is not the most popular language, which reduces the number of possible code developers.
- The public owns a limited supply of tokens. Only about 38% of SOL is owned by the public. This opens the door to price speculation by companies and individuals who own the majority of SOL.
