HomeKNOWLEDGEREVIEW PROJECTSolana (SOL) price, marketcap, chart, and fundamentals info

What is Solana (SOL)? [All knowledge about copper SOL]

What is solana?

Solana (SOL) price, marketcap, chart, and fundamentals info

Solana is an open source project implemented on a new, high performance and permissionless blockchain. Solana is also the name of a San Francisco-based company that maintains the project.

The centralized database, currently moving toward expansion, handles 710.000 transactions per second (tps) on a standard gigabit network if the average transactions are no more than 176 bytes.

Founded by former Qualcomm, Intel, and Dropbox engineers in late 2017. Solana is a Proof-of-Stake (PoS) protocol that focuses on providing scalability without sacrificing decentralization or security.

Solana's core scaling solution is called Proof of History (PoH). It was built to solve the timing problem in distributed networks where there is no single, reliable time.

Solana's mission is to support all growth, high-frequency blockchain applications.

Watch now: What is Proof-of-Stake (PoS)?

What is Proof of History (PoH)?

Proof of History (PoH) is proof of time that verifies the time and sequence of events.

The historical proof is a high frequency delay verification function (VDF-Verifiable Delay Functions). This means that the function requires several sequential steps to evaluate and produces a unique and reliable result that is then made public.

Solana's specific implementation uses a sequential hash function that runs continuously with the previous output used as the next input.

For the above reasons Solana is able to create a “Clock” that is synchronized across the network.

 

Solana PoH

 

What is SOL?

SOL is the native token name of the Solana ecosystem. Can be passed to nodes in the Solana Cluster in exchange for running the program online or validating its output.

SOL-solana

SOL . use cases

SOL is a private property of the Solana blockchain, which can be used to:

  • Transaction fee: Users can use SOL tokens to pay for simple token transactions and execute smart contracts on the network.
  • Administration: SOL will be used in future governance voting.

Token administration and fund use

As of this writing, Solana has used approximately 11,79MM USD (46,12%) of the token sale, as per the allocation below:

  • Partnership 3%
  • Marketing 3%
  • Team 35%
  • Development 35%
  • Professional Services & Legal 12%
  • Taxes 3%
  • Office Rent 6%
  • Other 3%

fund management and token usage

The community token is organized by the Swiss Foundation, which is run by an independent board. This group of tokens is used for bounties, incentives, marketing and sponsorship. Tokens held by the Foundation are held in Coinbase Custody, on hardware wallets, and in cold storage. The team stores all of its funds in a USD bank account.

SOL . token release schedule

The illustration below is the expected number of SOL tokens and the monthly release schedule.

Token release schedule

Distributing SOL 

  • Seed Sale: 16,23% of total supply
  • Founding Sale: 12.92% of total supply
  • Validator Sale: 5.18% of total supply
  • Strategic Sale: 1.88% of total supply
  • CoinList Auction Sale: 1.64% of total supply
  • Team: 12.79% of total supply
  • Foundation: 10.46% of total supply
  • Community: 38.89% of total supply

sol . supply distribution

Details are as follows:

seed sale

  • Conduct date: 05/04/2018
  • Price: 0,040 USD/SOL
  • accounted for 16,23% of total supply
  • Collected a total of 762,2 ETH, 60,6 BTC and 2.427.619 USD

Founding Sale

  • Conduct date: 03/06/2018
  • Price: 0.2 USD/SOL
  • accounted for 12.92% of total supply
  • Collected a total of 16.964,1 ETH, 15,9 BTC and 3.149.880 USD

Validator Sale

  • Conduct date: 09/07/2019
  • Price: 0.225 USD/SOL
  • accounted for 5.18% of total supply
  • Collected a total of 9.630,7 ETH, 20,5 BTC and 3.374.000 USD

Strategic Sales

  • Conduct date: 18/02/2020
  • Price: 0.25 USD/SOL
  • accounted for 1.88% of total supply
  • Collected a total of 77,1 ETH, 15,3 BTC and $2.135.000.

CoinList Auction Sale

  • Conduct date: 24/03/2020
  • Price: 0.22 USD/SOL
  • accounted for 1.64% of total supply

Roadmaps, achievements and trade partnerships

Roadmap and achievements before 2020

Year 2018

  • Quarter 1: Release of Whitepaper
  • Quarter 2: Private Testnet release
  • Q3: Release of Payments SDK and Smart Contracts SDK

Year 2019

  • Quarter 1: Online program release.
  • Quarter 2: Deployment of Move virtual machine developed by Libra. Multi-region, multi-cloud testnet release. Release of Smart Contracts Engine.
  • Q3: Incentivized Testnet release

2020 update roadmap

Q1 2020

  • Released improved version of RPC JSON API
  • Mainnet Beta.

Q2 2020

  • Release of Smart Contract features.
  • Binance goes public.
  • Enable token inflation and transaction fees

Partnership and progress

  • Civic: It is a decentralized identity ecosystem that allows for identity verification in a secure and cost-effective manner. Civic partnered with Solana to integrate their decentralized identity solution.
  • hummingbot: Hummingbot Hummingbot is working with Solana to integrate their Liquidity Mining solution so miners/traders can earn fees by providing liquidity to Solana on various exchanges.
  • chainlink: Together with Chainlink, Solana intends to develop a high frequency Oracle that can be used for binary options trading.
  • Akash: Akash is integrating its serverless super server infrastructure into Solana to allow users to easily deploy powerful and low-cost servers to run nodes or scale their applications.
  • LoanSnap: LoanSnap is integrating its HomeCoin token into Solana to provide users with a way to earn rewards for HomeCoin holders in exchange for providing liquidity for loans.
  • Fortmatic: Fortmatic integrates its SDK into Solana to provide easy-to-use alternatives to web3 wallets (Dappradar) for end users and developers.
  • dFuse: dFuse is implementing its API solution into Solana to allow developers to build and maintain performance applications easily on top of the protocol.
  • Pocket Network: The project will be integrated with Solana to help enable a new, censorship-resistant web3 stack.

project member overview solana sol

Overview of project members

  • Anatoly Yakovenko (CEO): Former Software Engineer at Dropbox and Mesosphere, Senior Engineer Director at Qualcomm Boulder, Co-Founder of Alescere.
  • Greg Fitzgerald (CTO): Former Senior Software Engineer at Qualcomm Boulder, Systems Software Engineer at Alescere.
  • Raj Gokal (COO): Venture capitalist at General Catalyst, Former Product Manager at Odama Health, Entrepreneur in residence at Rock Health, CEO and Co-Founder of Sano.
  • Eric Williams (Chief Scientist): Former Chief Data Officer and Co-Founder at Motion, VP of Data Science & Analytics at Odama Health, Rearcher at CERN.

Activity and development

Public github repository:

  • Solana: Web-Scale Blockchain for decentralized applications and marketplaces.
  • Web wallet: Solana Web-based Wallet
  • Whitepaper

solana public github repository

Private github repository

private github repository

How to own SOL . virtual currency

  • Sign up for an account on Binance, MXC,..and proceed to buy SOL on those listed exchanges.
  • Participating in project programs
  • Staking
  • Get rewarded for participating in the project…

The most secure SOL wallet?

You can store SOL on listed exchanges such as: Binance, MXC, etc. Or on wallets such as wallets. Trust wallet or Ledger Nano X , and Ledger Nano S.

In addition to the wallets popularly used by the community above, Solana also has Command-line Wallets (this wallet requires expertise in programming, so people with little experience should not use it).

Should you invest in SOL?

Blogtienao has provided detailed analysis of a virtual currency, so you should consider it carefully when deciding to invest. You will receive a lot of updates from the BTA team regarding SOL coins, so stay tuned for news from us regularly.

Target SOL

Note, this target is set at the time of writing, BTA will try to update as quickly as possible. However, sometimes the team is busy and will not update in time, hope you understand and please see this for reference only, not investment advice.

you go to the search box, find the coin to come out

NameFundamental AnalysisEntrytake ProfitBuy At The Floor
ETHhttps://blogtienao.com/ethereum/1700 - 20003250 - 3500 - 3950 - 4450 - 6000 - 6400Binance
BNBhttps://blogtienao.com/bnb-binance-coin-la-gi/200 – 250390-480-610-650-730-900-1080-1250-1300Binance
SOLhttps://blogtienao.com/solana-sol-coin/1.2 $ - 1.8 $33 - 38 - 44 - 57 - 74 - 85 - 100 - 200 - 300Binance
XRPhttps://blogtienao.com/ripple-la-gi/0.5 – 0.550.85 - 1 - 1.27 - 1.45 - 1.95 - 2.63 - 3 - 5Binance
DOThttps://blogtienao.com/polkadot-dot-coin/10 - 15 23 - 32 - 39 - 42 - 56 - 70 - 80 - 100 - 120Binance
UNIhttps://blogtienao.com/uni-coin/14 - 1645 - 56 - 64 - 82 - 96Binance
LINKhttps://blogtienao.com/chainlink-la-gi/13.5 - 16.532 - 44 - 56 - 70 - 86Binance
MATIChttps://blogtienao.com/matic-network-matic-la-gi/0.65 - 0.71.52 - 1.82 - ...Binance
CAKEhttps://blogtienao.com/pancakeswap/9 - 1120 - 29 - 35 - 42 - 60 -63 - 80 - 85 - 95 - 100Binance
GRThttps://blogtienao.com/the-graph-grt-coin/0.49 - 0.53 1.17 - 1.4 - 1.57 - 1.84Binance
AVAX9.5 - 1027 - 34 - 39 - ...Binance
SUSHIhttps://blogtienao.com/sushi-coin/6 - 6.313.5 - 16 - 20 - 30 - 40Binance
NEARhttps://blogtienao.com/near-coin/1.6 - 1.84.75 - 5.4 - 8.8 - 13 - 20 - 30Binance
CRVhttps://blogtienao.com/curve-crv-coin/1.2 - 1.42.7 - 3.3 - 3.7 - 4.2 - 5.8 - 10 - 15 - 20Binance
ALICEhttps://blogtienao.com/my-neighbor-alice-coin/4 - 5 - 718 - 23 - 26 - 31 - 47 - 60Binance
NGOshttps://blogtienao.com/ogn-origin-protocol-la-gi/0.58 - 0.61.25 -2.25 - 2.8 -3.7 - 5.7Binance
SXPhttps://blogtienao.com/swipe-sxp-coin/1.5 - 1.653.4 - 4 - 4.6 - 7 - 14Binance
DODOhttps://blogtienao.com/dodo-coin/0.8 - 11.8 - 2.45 - 3.70 - 4.3 - 8 - 16Binance
DEGOhttps://blogtienao.com/dego-coin/4.5 - 5.515 - 20 - 25 - 30 - 50 - 100 - 120Binance
MOON FABRIChttps://blogtienao.com/terra-luna-la-gi/3.5 - 57 - 10 - 16 - 22 - 30Binance
RSRhttps://blogtienao.com/reserve-rsr-coin/0.009 $ - 0.0120.024 - 0.035 - 0.07 - 0.1 - 0.2Binance
ATOMhttps://blogtienao.com/ty-gia/ATOM/cosmos4 $ - 4.5 $8 - 15 - 20 - 30 - 40 - 60Binance
NEOhttps://blogtienao.com/ty-gia/NEO/neo8 - 1224 - 30 - 36 - 60 - 120Binance
THETAhttps://blogtienao.com/ty-gia/THETA/theta-token/0.252.1 - 4.8 - 12 - 18 - 24Binance
TRBhttps://blogtienao.com/tellor-trb-coin/10 - 2030 - 50 - 70 - 90 - 120Binance
COFFEEhttps://blogtienao.com/kava-la-gi/0.9 - 1.25.4 - 8.1 - 10 - 12 - 15Binance
SRMhttps://blogtienao.com/serum-srm-coin/0.6 - 1.05.4 - 9 - 12 - 15 - 20 - 30Binance
ROSEhttps://blogtienao.com/oasis-network-rose-coin/0.04 - 0.050.06 - 0.09 - 0.15 - 0.3$ - 0.44Binance
UNFIAhttps://blogtienao.com/unfi-coin/5-69 - 14 - 24 - 36 - 48Binance
HARDhttps://blogtienao.com/hard-coin/0.4 - 0.50.6 - 1 - 1.7 - 1.9 - 2.3 - 4.6Binance
AXShttps://blogtienao.com/axie-infinity-axs-coin/3 - 49.5 - 19 - 28 - 45 - 55Binance
AUDIOhttps://blogtienao.com/audius-audio-coin/0.61.2 - 2.6 - 3.6 - 5.4Binance
CEL ishttps://blogtienao.com/ty-gia/CELR/celer-network/0.02 - 0.0250.035 - 0.045 - 0.07 - 0.09 - 0.012Binance
INJhttps://blogtienao.com/injective-protocol-inj/5 - 69.2 - 13.4 - 14.8 - 19.8 - 30Binance
Xvshttps://blogtienao.com/venus-xvs-coin/10-1420 - 40 - 70 - 85 - 140 - 180Binance
ALPHAhttps://blogtienao.com/alpha-coin/0.30.9 - 1.2 - 2.4 - 3 - 5 - 7 - 14 - 20Binance
RUNEhttps://blogtienao.com/thorchain-rune-coin/3 - 46 - 10 - 16.8 - 20Binance
BELhttps://blogtienao.com/bella-bel-coin/0.7 - 0.91.8 - 2.9 - 3.5 - 5.2 - 10Binance
AND FIhttps://blogtienao.com/yearn-finance-yfi-coin/25k-30k50k-70k-100k-200k-500kBinance
SANDhttps://blogtienao.com/sandbox-sand-coin/0.2 – 0.250.32 - 0.5 - 0.75 - 0.82 - 1 - 2Binance
BTChttps://blogtienao.com/bitcoin/28-30k41k - 48k - 54k - 60k - 100k - 200kBinance
BANDhttps://blogtienao.com/band-protocol-band-la-gi/58.5 - 10.5 - 13.5 - 18 - 36Binance
WINGhttps://blogtienao.com/wing-finance-coin/12 - 1522 - 34 - 46 - 70 - 100Binance
TKOhttps://blogtienao.com/tko-coin/1.2 - 1.41.8 - 2.8 - 4.5 - 9 - 18 - 28Binance
AUCTIONhttps://blogtienao.com/bounce-finance-auction-coin/14 – 1528 - 42 - 57 - 114 - 140Binance
OXThttps://blogtienao.com/orchid-oxt-coin/0.20.4 - 0.65 - 0.8 - 1.2Binance
JSThttps://blogtienao.com/just-jst-coin/0.0350.07 - 0.1 - 0.135 - 0.17 - 0.24Binance
PRSPhttps://blogtienao.com/perp-coin/4 – 59 - 14 - 20 - 26Binance
ETCUpdate later4060-90-120-150-200-280Binance
CTKhttps://blogtienao.com/certik-ctk-coin/Update LaterUpdate LaterBinance
GHSThttps://blogtienao.com/aavegotchi-ghst-coin/Update LaterUpdate LaterBinance
KSMhttps://blogtienao.com/kusama-ksm-coin/Update laterUpdate laterBinance
REEFhttps://blogtienao.com/reef-finance-coin/Update laterUpdate laterBinance
FRONThttps://blogtienao.com/frontier-front-coin/Update laterUpdate laterBinance
LIThttps://blogtienao.com/litentry-lit-coin/Update laterUpdate laterBinance
CKBhttps://blogtienao.com/nervos-ckb-coin/Update laterUpdate laterBinance
TRUhttps://blogtienao.com/truefi-tru-coin/Update laterUpdate laterBinance
DEXhttps://blogtienao.com/dexe-coin/Update laterUpdate laterBinance
CAN5 – 612-15-20-30-60-90-120Huobi
1INCHhttps://blogtienao.com/1inch-coin/1.5 – 23-4-6-8-10-20Binance
PHAhttps://blogtienao.com/phala-network-pha-coinUpdate laterUpdate laterBinance
HOURhttps://blogtienao.com/standard-protocol-stnd-coin/0.2 - 0.30.6 - 0.8 - 1 - 2 - 3 - 5 - 10Kucoin
MINAhttps://blogtienao.com/mina-la-gi/12 - 3 - 4 - 5 - 10 - 15 - 25OKEX
FOR THEhttps://blogtienao.com/peri-finance/1.5 - 2.53 - 5 - 7 - 10 - 15Gate
DHThttps://blogtienao.com/dhedge-dht-coin/0.7 - 0.91.4 - 2.6 - 3.5 - 4.5 - 9Huobi
DORAhttps://blogtienao.com/dora-coin/3 - 57 - 10 - 15 - 22 - 30 - 40 - 60OKEX
DAOhttps://blogtienao.com/dao-maker-dao-coin/Update LaterUpdate LaterKucoin
HOPRhttps://blogtienao.com/hopr-coin/Update laterUpdate laterMXC
TLMhttps://blogtienao.com/alien-worlds/Update laterUpdate laterBinance
C98https://blogtienao.com/coin98-c98/0.75 - 11.35 - 2 - 3 - 5 - 7.5Binance
OOOOhttps://blogtienao.com/openocean-ooe-coin/0.20.4 - 0.8 - 1.2 - 4Kucoin
CSPRhttps://blogtienao.com/casper-network-cspr-coin/0.03 - 0.060.09 - 0.12 - 0.18 - 0.36 - 0.72 - 3Huobi
IFChttps://blogtienao.com/saffron-finance-sfi-coin/200 – 300800-1k-2k- 3k-4k-6k-12kuniswap
INV120 – 150400-600-800-1k-2k-3k-6kuniswap
Konohttps://blogtienao.com/konomi-network-kono-coin/0.250.75 - 1 - 1.5 - 2 - 3 - 4 - 6 - 10 - 14Okex
KEXUpdate later0.250.8 - 1.25 - 1.5 - 2.25 - 4GATE
CWSUpdate Later5 $ -7 $11-18-26-40-60-80-105GATE , and Kucoin

Summary

With an ecosystem full of potential and built on the experience of the world's leading innovative companies, Solana is confident in its ability to grow. Along with that, virtual currency SOL is also expected to reach a high in 2020. Thanks and see you soon!

4.3/5 - (7 votes)
- Advertisement -