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Solana is a high-performance, permissionless blockchain designed for scalable, user-friendly decentralized applications. Its native token, SOL, is utilized for network security, staking, and paying transaction fees across the ecosystem.
In May 2018, Solana Labs closed its initial Seed Round, securing $3.17 million from early backers to accelerate the development of the blockchain network. The round was led by Multicoin Capital, with participation from notable investors including 500 Startups (via the Mobile Collective fund), Slow Ventures, and Foundation Capital, among others. During this private token sale event, the founders sold 79.25 million SOL tokens at a price of $0.04 per token.
100% Unlock on Jan 7, 2021