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Solana is a high-performance, open-source blockchain designed for scaling decentralized applications without sacrificing decentralization or security. Its native SOL token is utilized to pay for transaction fees and for staking to secure the network.
On July 9, 2019, Solana conducted a targeted Validator Round, as a part of its $20M Series A Round, to bootstrap the ecosystem ahead of its mainnet launch. The network successfully raised $5.7 million by allocating approximately 25.3 million SOL to early validator operators at a price of $0.225 per token. According to institutional research from Fidelity, this allocation represented roughly 5% of the initial supply and the tokens were fully unlocked by early 2021.
Fully unlocked by early 2021