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Solayer is a restaking protocol built on Solana and the SVM AVS ecosystem with its own liquid staking token $sSOL. It allows users to restake Solana LSTs like $jitoSOL and $sSOL to earn yield from both Solana naive staking and restaking, similar to EigenLayer’s LRTs but on Solana.
$LAYER is going to be the platform’s native token, powering its InfiniSVM infrastructure and governance. On January 10th, 2025 the platform announced a community token sale of $LAYER on Buidlpad, aiming to raise $10.5M.
CoinLaunch Score:
Last update:
Medium
13 Jan 2025
Solayer - IDO on Buidlpad Overview
start date:
16 Jan 2025
end date:
17 Jan 2025
price:
$0.35
tokens for sale:
30,000,000
Raise:
$10,500,000
Min. Buy:
$100
Max. Buy:
$5,000
Industry:
Blockchain Infrastructure
Lock-up:
Launchpad
No Lockup
Buidlpad
How to join Solayer - IDO on Buidlpad?
To participate in the Solayer community sale, you need to acquire at least 100 $USDC or $USDT, or 100$ worth of SOL, WIF, BONK, sUSD, or sSOL in your Solana wallet on the Solana network.
Alternatively, if you were participating in Solayer retrodrop and have been delegating sSOL to Sonic SVM, you can redeem part of the tokens to participate in the sale. However, we suggest you keep some of the $sSOL in Sonic as there still hasn't been a $SONIC mainnet airdrop.
Then, visit the Buidlpad, connect your wallet, and complete KYC verification. We also suggest you prepare a Twitter account, subscribe there to Solayer and Buidlpad if you haven’t done so yet, and email which seems to be required by launchpad during the sale.
On the day of the sale, on January 16th, 2025, at 10:00 UTC, visit the launchpad page and enter the amount of funds you want to contribute. However, note that the community sale pool is designed in “prorata” model, meaning if there will be oversubscribed in the pool, you will receive a small allocation, similarly to all other participants of the sale.
The only way to avoid such an issue is to receive the title of “whitelisted community contributor,” but there are no details on how to acquire such, The only possible turn of events our team envisions, is the whitelisted community members will be those who were restaking a significant amount of funds in Solayer before sale announcement.
At the TGE, which hasn’t been clarified by the team yet, you will receive 100% of your allocation and will be able to freely trade them on any exchange.
Good Luck! 🍀
Step-by-step Guide
Acquire at least 100 $USDT/USDC, or 100$ worth of SOL, WIF, BONK, sUSD, or sSOL on the Solana blockchain;
Visit the launchpad, connect your wallet, and complete KYC;
Follow Buidlppad and Solayer on Twitter, and prepare your email to enter during the sale;
On January 16th, 2025, at 10:00 UTC, enter the amount of $LAYER to buy, and confirm transaction;
Receive your tokens on TGE.
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