The once-struggling Solana phone is developing into a sellout. And the memecoin BONK is probably the reason that.
Arbitrage traders seem chasing after a 30 million BONK token airdrop that’s offered to every owner of the Saga phone. At present costs that much BONK deserves almost $700 for a phone that costs $599.
“Saga sales have >> 10x ‘d in the previous 48 hours, and are now on track to offer out before the brand-new year,” Solana co-founder Raj Gokal tweeted midday Thursday. The rise is so noticable that Gokal’s equivalent, Anatoly Yakovenko, tweeted they required to raise the rate.
The bliss around BONK– Solana’s dog-themed comparable to Dogecoin– has actually resulted in a turn-around story for Saga, which simply one week ago dealt with dimming potential customers amidst forgettable sales figures. Legend is a blockchain-enabled smart device with unique functions for saving one’s crypto firmly on the phone’s own hardware.
The Saga Discord server blew up on Thursday with beginners stating they simply purchased the phone and wished to get the airdrop.
According to posts on the Discord server, the BONK airdrop is readily available to those who download the BONK app from Saga’s crypto-forward customized app shop.
“When you physically have the phone you will have the ability to mint ‘Genesis token’ through the ‘dApp shop,[thistokenisqualifiedtodeclarethebonkdrop”statedauserwhodeterminedthemselvesasastaffmemberofSolanaMobileintheDiscordserver[thistokeniseligibletoclaimthebonkdrop”saidauserwhoidentifiedthemselvesasanemployeeofSolanaMobileintheDiscordserver
“The bonk drop is NOT permanently, at some time that promo will end,” the user, whose screen name was Jax, stated in the Discord. “As of today the claim is live and depends on the bonk group on when they ‘d wish to close it. No end date yet.”
Modified by Nikhilesh De.
2018, BidPixels