Solana ID, an identity protocol, has disclosed details of its upcoming Token Generation Event (TGE) for its native token SOLID. This protocol enables applications to seamlessly access both on-chain and off-chain data, which will boost user conversions and reduce acquisition costs. Furthermore, participants will get the benefit from verified human identifications.
Introducing $SOLID 🧵 pic.twitter.com/dMqGheHB7P
— Solana ID 🪷 (@solanaidentity) November 28, 2024
The SOLID token will serve as the key to unlock exclusive rewards across the Solana ecosystem. Holders will enjoy perks from various corners of the network, providing access under a single ID and token.
The main highlight of the SOLID public sale includes a $20 million Fully Diluted Valuation (FDV), which offers an attractive 150% Annual Percentage Yield.
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The token distribution breakdown for Solana ID’s SOLID token allocates its 1 billion total supply strategically. 35% is designated for the community to fuel user growth, while 16% will be reserved for the core team.
Furthermore, 15% rewards early supporters who backed the project from its beginning, and 14% is allocated to the treasury to fund future development and decentralized governance. Lastly, 10% is set aside for marketing to strengthen strategic partnerships.
SOLID Token Release Schedule
- Community Allocation: 6% reserved for airdrops (Pass holders, NFT partners, Superteam, SwissBorg Alpha Vault) released within 4 to 8 weeks post-TGE.
- Early investors: Subject to a 6 to 9-month cliff with 15 to 36-month vesting
- Core Team: 48-month linear or milestone-based vesting aligned with Solana ID holder milestones.
- Public Sale: Tokens unlock over a 6-month linear vesting schedule to ensure supply stability.
To get into a whitelist, the project has outlined eligibility criteria.
5/ It’s time to get $SOLID
Check your eligibility for the public sale whitelist to:
→ Access public sale before anyone else
→ Become a liquidity provider instantly
→ Participate in a $10M $SOLID rewards poolInvest at #BetterThanCEX terms right before TGE:
→ 20M FDV
→…— Solana ID 🪷 (@solanaidentity) November 28, 2024
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