

Solana ID Announces Pre-Seed Token Sale Completion, Outlines Plans for Cryptographic Digital Identity Layer
Solana ID "enables users to securely link their digital footprints to crypto wallets, creating secure and portable 'data backpacks'."
Solana ID has announced the successful completion of its pre-seed token sale for its native token, $SOLID, and outlined plans for its cryptographic digital identity and proof-of-personhood layer, Solana ID. A notice posted on Medium says the token sale raised $250,000, paving the way for an upcoming projected $2 million seed and public sale.
Solana ID “enables users to securely link their digital footprints to crypto wallets, creating secure and portable ‘data backpacks’.” According to an introductory post from April 2024, users “carry around their data-backpacks as secure accounts through the internet instead of opening a new account with every application they intend to use.”
The stated mission of the nonprofit Solana Foundation, based in Zug, Switzerland, is to “help build the Solana protocol into the most censorship resistant network in the world.” Solana ID is supported by a Solana Foundation Instantgrant. The Foundation decries the unfair advantages big tech firms have in collecting and selling personal data, and claims it wants to break the status quo by “empowering users with more control and monetization models for their data.”
Practically, this means an exchange system in which Solana ID users can earn $SOLID cryptocurrency and other rewards for sharing their data. Solana says the decentralized transactions preserve user privacy, while allowing Web3 builders to include targeted marketing in their user acquisition strategies.
“With their new-found identity linked to their wallet accounts,” says Solana ID, its crypto and digital ID product “turns targeted ads into personal perks” by letting “apps identify users as their target audience and send them tailored offers, discounts and other rewards to gain their attention.”
Other benefits to be earned include airdrops, whitelisting opportunities, discounts, on top of promises of increased customer traction and key strategic partnerships as the product develops.
“Solana ID is not just an identity management solution; it is a movement towards a more equitable and user-centric digital future,” says the conclusion to the Medium post. “With the successful pre-seed token sale and the upcoming seed raising and public sale events, Solana ID is poised to make significant strides in the digital identity space.”
The Solana ID Beta is scheduled for release in the third quarter of 2024, and has been selected as a candidate to launch on Jupiter’s LFG Launchpad, with Orca and Flash Trade also on the waiting list for integration.
This week, RNS.ID announced that Palau’s Palau ID digital residency program is available on the Solana blockchain to citizens of 138 countries, including the U.S.
The above is the detailed content of Solana ID Announces Pre-Seed Token Sale Completion, Outlines Plans for Cryptographic Digital Identity Layer. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Hot Topics



Cryptocurrency has always been a realm where the cutting edge of technology meets bold ambition, and it's only getting more exciting in the future. As artificial intelligence continues to grow in influence, there are a handful of digital assets that
![Bitcoin [BTC] was on a downtrend after losing the $92,000-support level in the final week of February](https://img.php.cn/upload/article/001/246/273/174209101774967.jpg?x-oss-process=image/resize,m_fill,h_207,w_330)
Technical indicators such as the OBV showed that selling pressure has been dominant, meaning more losses may be likely ahead.

Pi Network recently held PiFest 2025, an event aimed at increasing the token's adoption. Over 125,000 sellers and 58,000 merchants participated

Top 10 digital currency app platforms: 1. OKX, 2. Binance, 3. Gate.io, 4. Kraken, 5. Coinbase, 6. Huobi, 7. KuCoin, 8. Crypto.com, 9. Bitfinex, 10. Gemini; these platforms are ranked according to factors such as transaction volume, security and user experience. When choosing, the platform's security, liquidity, transaction fees, currency selection, user interface and customer support should be considered.

Ouyi usually refers to Ouyi OKX. The global way to download Ouyi OKX APP is as follows: 1. Android device: Download the APK file through the official website and install it. 2. iOS device: access the official website through the browser and directly download the APP.

Ethereum (ETH) price edges toward resistance, Tether news reveals a €10M media deal, and BlockDAG reaches new milestones with Beta Testnet and growing adoption.

Since then, the provider has been investigating how this could have happened and how it will (hopefully) not happen again in the future.

This article provides a detailed Gate.io registration tutorial, covering every step from accessing the official website to completing registration, including filling in registration information, verifying, reading user agreements, etc. The article also emphasizes security measures after successful registration, such as setting up secondary verification and completing real-name authentication, and gives tips from beginners to help users safely start their digital asset trading journey.