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  • November 2017 Draft concept and white paper.

  • Feb 2018 White paper release & Testnet 1.0.

  • June 2018 Testnet 2.0 and public demo.

  • September 2018 Public testing.

  • Q4 2018 Live release of the main network.

  • Q1 2019 Token release and partnership.

  • SOL was first launched on 2020-03-23 with a crowdfunding price of $0.22 and an all-time high of $259.9 (2021-11-07)

SOL is the native token for the Solana blockchain, a company created by Solana Labs to build decentralized applications. the founders of Solana Labs work for the Solana Foundation, of which Yakovenko is a member and Chairman of the Solana Foundation Board.

SOLs can be pledged on the Solana blockchain for rewards and require a small amount of SOLs to be paid in transactions as a burn fee to prevent abuse. Holders view SOLs as an investment and expect to gain from the development of the Solana protocol in hopes of increasing the demand and value of SOLs.

Solana Labs publicly advertises its expertise in blockchain development on its website and social media pages and showcases its efforts to develop the SOLana blockchain protocol and attract users who need a certain number of SOLs. solana Labs conducts other promotional activities, such as podcasts, YouTube channels and various social media platforms, to increase demand for SOLana network and participation in SOL tokens.

Notably, SOL, the cryptocurrency powering the high-performance Solana Layer 1 blockchain protocol that supports smart contracts, has just been deemed a security by the U.S. Securities and Exchange Commission (SEC).

In the past two days, the SEC sued Binance and Coinbase, two of the world's most traded cryptocurrency exchanges, for allegedly operating as unlicensed stock exchanges within the United States. These lawsuits have led to a very volatile price for SOL at the moment!

However, price forecasts may become more pessimistic after the SEC's actions. However, we should trust Binance,which is always looking out for its users!

Price Forecast - What's next for Solana (SOL)?

The future trend of SOL is not very optimistic at the moment and if the SEC wins this prosecution, then SOL will probably be liquidated!

👍If you have your own understanding, let everyone know in the comment section!

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