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Solana is a high-throughput blockchain platform engineered to support scalable, decentralized applications and high-frequency crypto-native projects. Its native utility asset, SOL, is primarily utilized for paying network transaction fees, securing the network via staking, and participating in ecosystem governance.
In March 2020, Solana successfully closed its public token sale via a Dutch auction on CoinList, raising exactly $1.76 million from the community. The auction completely sold out its allocated tranche of 8 million SOL tokens at a clearing price of $0.22 per token. The event drew massive global interest, culminating with 1,416 registrations and 445 successful bids originating from 91 countries. Notably, this public round featured a unique Staker Price Guarantee program, providing auction participants a 90% clearing price guarantee redeemable for up to 12 months.
CoinLaunch Score:
Last update:
High
09 Jul 2026
Solana - ICO Round on CoinList Overview
start date:
23 Mar 2020
end date:
24 Mar 2020
price:
$0.22
tokens for sale:
8,000,000
Raise:
$1,760,000
Min. Buy:
N/A
Max. Buy:
N/A
Industry:
Blockchain Infrastructure
Lock-up:
Launchpad
100% Unlock at TGE
CoinList
How to join Solana - ICO Round on CoinList?
To participate in the Solana public token sale, interested buyers were required to engage in a Dutch auction hosted exclusively on the CoinList platform. The process mandated all prospective bidders to create a platform account and successfully complete a comprehensive KYC/AML verification procedure to ensure regulatory compliance, with certain jurisdictions entirely restricted from participating.
Once fully verified, participants needed to fund their accounts using either USDC or USDT. During the live auction window, bidders submitted their desired quantity of SOL tokens alongside the maximum price they were willing to pay. The auction ultimately cleared at the lowest qualifying bid of $0.22, and the 445 winning participants were officially allocated their tokens.
Step-by-step Guide
Register for an account on the CoinList platform.
Complete the mandatory KYC/AML verification process to clear any jurisdictional restrictions.
Fund your trading account by depositing USDC or USDT.
Submit your specific bid amount and maximum token price during the live Dutch auction window.
Claim your allocated SOL tokens upon the auction's successful clearance at $0.22.
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