A 3 mins read to understand the potential of SOL.
$SOL / $USDT will list on BiKi Exchange On The 28th May 2021. The opening activities (GMT+8) as per follows:
- Deposit: 5/28, 15:00
- Trading: 5/28, 17:00
- Withdrawal: 5/31, 15:00
- Deposit: 5/28, 15:00
- Withdrawal: 5/28, 15:00
Solana’s (SOL) is a web-scale blockchain that provides secure yet fast and scalable for the development of decentralized apps and marketplaces. It is created with the aim of dealing with traditional throughput problems that existed in the Bitcoin and Ethereum blockchains, which is also extremely energy intensive.
Holding the vision to help businesses focus on their business and not worry about the blockchain, Solana has an inventive of 8 core features, each to enable businesses’ scalability and reach. One of it is a unique “Proof of History” solution, which is secured, decentralised and fast. By using a kind of synchronized clock, which simply put, is to assign a timestamp to each transaction. This results in require miners and bots to decide the order of which transactions get recorded onto the blockchain, allowing for greater security and resist censorship.
This also enables the forwarding of transactions to validators even before the previous batch of transactions is finalized, as it is deemed to be able to increase confirmation speed and thereby the number of transactions that can be handled concurrently and in parallel.
A Strong Team
The Solana platform started in 2017 by Anatoly Yakovenko, who was working at Qualcomm and had a wide range of experience with compression algorithms and a versed software engineer.
The team has since grown with talents from top organizations in the world including: Apple, Qualcomm, Intel, Google, Microsoft, Twitter, Dropbox, and more. Its phenomenon potential has also grown to include investors such as, Multicoin Capital, Foundation Capital, SLOW Capital, CMCC Global, Abstract Ventures.
An Exciting Development
The project has already implemented key features to its ecosystem, including decentralized finance (DeFi) capabilities, non-fungible tokens (NFT), and a decentralized exchange (DEX).
It has also recently garnered an investment, totally $100million, with five established partners to accelerate the growth and development of key projects in Solana’s blockchain ecosystem.
- Huobi, a crypto exchange, will focus on projects to build infrastructure-related products within Solana
- NGC, a crypto investment firm, will focus on offering mentorships relating to company development, hiring and financial management
- Gate Lab, Gate.io’s investment arm, will look to provide projects access to growth opportunities within new markets, with a focus on the Asia-Pacific region.
- HashKey, a digital asset management group, will attempt to provide resources and guidance to projects looking to access institutional and retail markets.
- MATH Global Foundation, a wallet provider, will look on global investments collaboratively.
Potentially Rewarding Crypto
$SOL is the native currency in Solana’s ecosystem, that passes to nodes within the Solana cluster in exchange for running on-chain programs or validating its output, in addition to using it to perform micropayments known as lamports.
Users can also stake the token to earn additional rewards and the process is fairly simple.
$SOL price had reached an all time high of $58.03 2 days ago on the 18th May and currently is in the top 15 spots in market cap at $13.6billion.
$SOL’s new all-time high was a result in the launch of Solana’s hackathon, 15th May – 7 June, the Solana Season Hackathon, which attracted over 10,000 registrations to the event, that is offering up to $1 million in global prizes and seed funding for participants, including an all-star lineup of speakers.
📌 Token Introduction
Name/Ticker: SOLANO (SOL)
Circulating Supply: 272,637,428
Official Website: https://solana.com/
Block Explorer: 0xd0d7a9f2021958e51d60d6966b7bbed9d1cb22b5
White paper: https://solana.com/solana-whitepaper.pdf
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Reasons to trade $SOL on BiKi Exchange
- No Deposit fees
BiKi will accept deposits only from the following cryptocurrencies (BTC and USDT) and will not charge any deposit fees.
- Below Than Average Trading Fees
For each cryptocurrency coin, the BiKi platform uses a flat charge of 0.15 percent, which is very attractively competitive on the market and below the level of industry for similar cryptocurrency trading exchanges.
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