Solanaland, a Solana-based launchpad, will pre-sell its native utility token, $SLAND. GlobeNewswire announced on March 25, 2023, that PinkSale would host the ICO pre-sale on March 28.
“We are pleased to release our utility token on Pink Sale shortly,” the press release stated. “We’re building a complete ecosystem for Solana token releases to help consumers realize low-cap tokens’ potential. Degens interested in DeFi’s potential should use our launchpad.”
Solanaland lets users build launchpads, lock liquidity, auto-list on Raydium and Orca, execute airdrops, and mint SPL tokens in minutes.
Solanaland is also designed for degens looking to invest in low-cap tokens for huge returns. Low-cap tokens are dangerous due to their high volatility. They make up for their riskiness with big rewards.
Solanaland will enter its fourth and final phase, focusing on marketing, with the launch of its native token.
The Solanaland project initially developed and integrated elements to create a unique user experience. DEXGecko, a pricing tool, lets users track and analyze token trade data.
The native utility token on Solanand, the $SLAND token, will be the main payment method for all Solana launchpad project services.
Solanaland has 1,000,000 $SLAND tokens, 60% of which are reserved for the presale, according to its website. Marketing and distribution to centralized exchanges will use 40%.
It is important to note that investors will be able to acquire $SLAND tokens at an “exclusive discount rate” during the pre-sale. To join in the pre-sale, investors simply link their Solana wallet to the site, like with the majority of ICOs.
SOL, the native coin of the Solana blockchain, seems to be facing a little price retracement. In the last week, SOL has decreased by 2.3%, according to statistics.
At the time of writing, SOL is priced at $20.78, representing a decrease of 0.39% over the last twenty-four hours. The altcoin’s market capitalization of $7.98 billion places it as the twelfth largest cryptocurrency on the market.
