Solana
Strategic Round 2020

Solana is a high-performance blockchain designed to support scalable decentralized applications and crypto projects globally. The network utilizes its native SOL token to process rapid transaction fees, secure the network via staking, and manage governance within its expansive ecosystem.

On February 18, 2020, Solana conducted a closed Strategic Sale, raising $2.29 million to support early ecosystem expansion and validator operations. The transaction was structured as a private SAFT-style placement, offering SOL tokens at a fixed rate of $0.25 per token. In total, the sale accounted for exactly 1.88% of the network's token supply. The investment, which accepted contributions in USD, ETH, and BTC, required all tokens to remain locked in smart contracts until their full network release on January 7, 2021.