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Solana Mobile confirms token drop for Chapter 2 phone pre-order buyers

source-logo  cryptobriefing.com 01 February 2024 17:08, UTC
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Solana Mobile, a subsidiary of Solana Labs, announced this week that everyone who preorders the new Chapter 2 web3 phone will receive a non-transferable Preorder Token.

The Chapter 2 phone was first announced last month at a cheaper $450 price point, compared to the initial $1,000 cost of the Solana Saga phone launched last year. Solana ultimately reduced the Saga’s price to $599, but sales remained slow for most of 2023.

That changed when the meme coin $BONK announced that Saga owners would receive 30 million $BONK tokens for free. Demand for the Saga suddenly surged, with some second-hand phones on eBay selling for over $2,000 each.

Ownership of the Saga phone and its associated genesis $NFT has become the gateway for receiving valuable token airdrops. Saga owners have already received free token drops from $BONK, crypto publishing platform Access Protocol, and $NFT project Saga Monkes.

For example, the 30 million $BONK airdrop was worth approximately $700 at the time it was announced. Access Protocol later gave Saga owners 99,000 ACS tokens, then worth $250.

The Chapter 2 Preorder Token drop seems aimed at spurring demand for Solana Mobile’s new phone. The company reported over 25,000 pre-orders for the Chapter 2 within the first day of its announcement last month – already surpassing total sales of the Saga phone in its first year.

cryptobriefing.com