Solanaland, the Solana-based launchpad platform, has announced the pre-sale of its original utility token – $SLAND. According to a press release via GlobeNewswire on March 25, the ICO pre-sale is set on the popular launchpad protocol PinkSale from March 28, 2023.
“We are very excited to be launching our utility token in the Pink Sale”, according to the press release. “We are creating an all-in-one ecosystem for Solana token launches, and we believe our platform will allow users to unlock the potential of low-cap tokens. Our launchpad is perfect for investors looking to explore new opportunities in the DeFi space.
Solanaland – Complete Solana Launchpad
With Solanaland, users will be able to create a launchpad, lock liquidity, auto-list on Raydium / Orca, perform airdrops as well as easily mint SPL tokens in minutes.
Furthermore, Solanaland is designed to function as the most suitable platform for degens looking to invest in low cap tokens in the hope of making large profits. Usually, low cap tokens are considered quite risky as they exhibit higher volatility than other coins. However, they compensate for this risky nature with the potential of some high returns.
With the launch of its original token set to begin in the next few days, Solanaland is set to enter the fourth and final phase of its development – most of which is focused on marketing.
The previous phase of the Solanaland project involved building and integrating features aimed at providing a unique user experience. One such feature is DEXGecko, a pricing tool that allows users to track tokens as well as view all live trading data associated with the token.
More about $SLAND Token
As previously mentioned, the $SLAND token will be the original utility token in Solanand; thus, it will be the primary payment medium to access all services in the Solana launchpad project.
According to Solanaland’s official website, there is a total supply of 1,000,000 $SLAND tokens, 60% of which have been set aside for the upcoming presale. The remaining 40% is expected to be used for marketing and supply to the centralized exchange.
It should be stated that the $SLAND pre-sale will allow investors to purchase the token at an “exclusive discount rate”. In common with most ICOs, investors only need to connect their Solana wallet to the platform in order to participate in the pre-sale.
Meanwhile, SOL, the original token of the Solana blockchain, appears to be undergoing a slight price correction. According to data from Coingecko, SOL has fallen by 2.3% in the last seven days.
At the time of writing, SOL is valued at $20.78, with a price decrease of 0.39% in the last 24 hours. With a market cap of $7.98 billion, the altcoin remains the 12th largest cryptocurrency in the market.
SOL trading at $20.84 | Source: SOLUSD chart on Tradingview.com
Featured Image: Binance Academy, chart from Tradingview.com