solana token

Solana (SOL): Affordable Cryptocurrency on Solana Blockchain

The Solana blockchain's native cryptocurrency is SOL, which has fast transaction times and low transaction fees. The total number of tokens in Solana is not hard-capped. Inflation is expected to begin at 8% a year, decrease by 15% every year until it reaches 1.5% as the long-term rate. Solana's team and the nonprofit Steering Development of the Cryptocurrency, the Solana Foundation, split 37 percent of the SOL tokens that were initially distributed to investors, while 38% went to the Solana Foundation's community fund reserve. After its launch in March 2020, the price of SOL bounced between $0.50 and $1.50. SOL's price reached $55.91 by May 2021, placing it among the best-performing assets during the crypto bull market. It peaked in late November 2021 at $258.93, a new all-time high, after dipping as low as $23.49 in July 2021.

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