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Altcoin News

Solana ‘Chapter 2’ Airdrops May Offset Phone Costs

Written By Ezra Kaimenyi
Published April 26, 2024 12:43 PM·Updated 2 years ago
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Solana 'Chapter 2' Airdrops May Offset Phone Costs

Anticipation for the 2025 release of Solana’s “Chapter 2” smartphone is growing, and early pre-order customers are already enjoying significant benefits.

Solana has partnered with meme coin creators to airdrop tokens directly into the wallets of those who pre-ordered the device. If the tokens maintain their value, this initiative could cover the $450 cost of the smartphone.

On April 1, the team behind the Maneki (MANEKI) and Cat in a Dogs World (MEW) tokens distributed 37,600 MEW tokens and, later, 5,199 MANEKI tokens to eligible Solana wallets. Following these distributions, MANEKI’s price surged by 71.6% to reach an all-time high of $0.02, while MEW peaked at $0.009 in March. Currently, MEW is trading at  $0.006, as per CoinMarketCap data.

These airdrops are not the first; holders of Solana’s initial mobile device, the ‘Saga,’ received similar benefits. The strategy, which previously included a dog-themed token that was significantly appreciated, is a recurring theme for Solana’s marketing approach.

Solana introduced Saga Chapter 2 after the original model sold out, citing the success of included perks such as token airdrops and free NFTs. The company’s innovative strategy of integrating cryptocurrency incentives with product sales may set a new trend in tech promotions, blending digital assets with physical products.

Also Read: Could Solana (SOL) Hit $1,000 In Post-Halving Price Rally of 2024?

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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