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Claim Free Solana SOL Token Daily | Instant Sol Withdrawal to FaucetPay | Sol Faucet

What Is Solana (SOL)?

Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (Defi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.

To learn more about this project, check out our deep dive into Solana.

The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.

Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.

Who Are the Founders of Solana?

Anatoly Yakovenko is the most important person behind Solana. His professional career started at Qualcomm, where he quickly moved up the ranks and became senior staff engineer manager in 2015. Later on, his professional path shifted, and Yakovenko entered a new position as a software engineer at Dropbox.

In 2017, Yakovenko started working on a project which would later materialize as Solana. He teamed up with his Qualcomm colleague Greg Fitzgerald, and they founded a project called Solana Labs. Attracting several more former Qualcomm colleagues in the process, the Solana protocol and SOL token were released to the public in 2020.

What Makes Solana Unique?

One of the essential innovations Solana brings to the table is the proof-of-history (PoH) consensus developed by Anatoly Yakovenko. This concept allows for greater scalability of the protocol, which in turn boosts usability.

Solana is known in the cryptocurrency space because of the incredibly short processing times the blockchain offers. Solana’s hybrid protocol allows for significantly decreased validation times for both transaction and smart contract execution. With lightning-fast processing times, Solana has attracted a lot of institutional interest as well.

The Solana protocol is intended to serve both small-time users and enterprise customers alike. One of Solana’s main promises to customers is that they will not be surprised by increased fees and taxes. The protocol is designed in such a way as to have low transaction costs while still guaranteeing scalability and fast processing.

Combined with the longstanding professional expertise creators Anatoly Yakovenko and Greg Fitzgerald bring to the project, Solana is ranked number 7 in the CoinMarketCap ranking as of September 2021.

This came on the back of an impressive bull run, where Solana's price gained over 700% since mid-July 2021. The launch of the Degenerate Ape NFT collection sent SOL price to an all-time high (ATH) above $60, and it has been climbing since, largely due to higher developer activity on the Solana ecosystem, greater institutional interest, growing Defi ecosystem, and the rise of the NFTs and gaming vertical on Solana. Solana's price rose to an ATH of $216 on Sept. 9, 2021.

Claim Free Solana SOL Token Daily | Instant Sol Withdrawal to FaucetPay | Sol Faucet

Where Can You Buy Solana (SOL)?

SOL tokens can be purchased on most exchanges. One choice to trade Solana is on Binance, as it has the highest SOL/USDT trading volume, $753,103,225 as of September 2021.

Next is Coinbase, with a trading volume of $343,872,841. Other options to trade Solana include FTX, Bilaxy, and Huobi Global. Of course, it is important to note that investing in cryptocurrency comes with a risk, just like any other investment opportunity.

What Is Solana Faucet?

Faucets are a reward program in which you can earn free tokens but most faucets pay you a very tinny amount so you need months to earn a good amount. Other side faucets are good if you claim you want to earn free crypto. Solana faucet is working the same as described above. In this article, I'm going to share with you a Solana faucet that pays you an instant mSol token in your FaucetPay account. If you claim it daily for many months you can earn a good amount of mSol tokens.

How To Claim Free Solana Token?

You just need to open a FaucetPay account and copy your Solana address located in the deposit section and sign up with your copied Solana address at SolFaucet. After successful registration, you just need to solve the captcha and click on the claim button. 

How Much You Can Claim?

You can claim 0.00001 Sol token daily per IP Address per Wallet Address and your claim is instantly sent to your FaucetPay account.

Solana Faucet Address: SolFaucet

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