How much do you know about #SOL ?
The founder of Sol is Anatoly Yakovenko, a former Qualcomm expert with profound expertise in computer technology and blockchain.
As the first public chain in the United States, Solana is further enhanced by three top crypto investment institutions: a16z, Polychain, and Multicoin Capital, and received support from Vitalik Buterin during its early stages.
The distribution is as follows:
Total supply of Sol: 591 million coins
Circulating supply: 483 million coins
Company reserve: 43 million coins
Foundation reserve: 165 million coins
Team reserve: 93 million coins
Community reserve: 48 million coins
The Solana Foundation has permanently destroyed 11.365 million SOL tokens.
Release plan
The release plan of the SOL coin is as follows:
15% for seed rounds and private sales.
5% for public sales.
12% allocated to the team and early contributors.
13% allocated to the Solana Foundation.
55% reserved for the community.
The community reserve is intended to support the long-term development and growth of the Solana ecosystem, including research, development, and community activities.
Burn mechanism
50% of the fees generated from each transaction will be rewarded to transaction validators, while the remaining 50% will be used to burn SOL tokens.
Some major historical events of Sol:
In 2019, Solana faced difficulties in financing attempts in various parts of Asia, with few followers.
On April 9, 2020, it conducted a public sale on Binance, raising $18 million.
In 2020, SBF, the founder of FTX, invested in Solana.
In 2021, the Solana ecosystem rapidly developed, with the price of Sol rising from $2 to $250 in November.
Crisis:
In May 2022, it suffered a bot attack, causing a network outage for 7 hours.
In June 2022, the consensus mechanism failed, leading to a network interruption and a significant drop in Sol's price.
In August 2022, a large-scale theft incident occurred, with over 8,000 wallets hacked and stolen funds exceeding $580 million.
In September 2022, the network was down for over 13 hours.
In November 2022, FTX collapsed, and Sol dropped from $200 to $10.
In February 2023, the Solana mainnet test version experienced severe performance degradation, with outages lasting up to 48 hours.
Recovery:
In 2023, the Sol chain's MEME exploded, and the centralized trading aggregation platform Jupiter saw its trading volume grow nearly tenfold.
On January 31, 2024, JUP was launched simultaneously on both Binance and OKX exchanges.
In December 2024, the price of Sol reached a peak of $264, with a market cap exceeding $100 billion.
In 2024, the PUMP platform under SOL achieved $330 million in revenue.
