Buy Solana (SOL), it’s easy!

What is Solana? Learn how it works and allows for the creation of decentralised apps, discover the price and value of SOL tokens

What is Solana?

The Solana protocol is designed to facilitate the creation of decentralised apps, also known as Dapps. Solana’s goal is to improve the scalability of blockchain technology through an innovative consensus system for transactions. The platform uses Proof-of-Stake, but integrates it with Proof-of-History, a mechanism that orders transactions more efficiently.
Just like Ethereum, Solana also allows the development of Smart Contracts, but costs a lot less and is carbon neutral. Possible applications range from NFTs and DeFi services to entertainment and gaming.

Why buy Solana?

The primary crypto is SOL, a utility token that is used to pay the transaction fees on Solana’s blockchain. The economics of the token are based on a deflationary model, which ensures the scarcity of Solana tokens over time. Those who buy SOL can validate network transactions, pay transaction fees for smart contracts and stake it to receive rewards. SOL can also be used on apps built on Solana, which are always growing in terms of usage and offer.

How was it created?

Solana’s white paper was published in November 2017. The staff behind the project was – and still is – led by Anatoly Yakovenko. The testing phase started in 2018, and ended with the ICO in the following year. An initial offering that raised 20 million, which was spent to finalise the project and debut on the best cryptocurrency exchanges. In 2021, Solana’s price went from almost $3, to the ATH of $260, becoming one of the most popular cryptocurrencies among DeFi users and enthusiasts

Stay up to date with the price of Solana

Price 24H
Change 24H
Daily High
Circulating Supply
Market Cap
Volume

Buy Solana in 3 steps on Young Platform

Register and complete identity verification
Create an account for free, all you need is a selfie and an ID.
Top up your account with a bank transfer
Make a deposit by bank transfer or credit card.
Redeem the €10 bonus and enter the market
Buy, convert and store over 30 cryptocurrencies on Young Platform.

What is Young Platform?

Young Platform is the simple and secure European exchange already used by thousands of people to buy and sell cryptocurrencies. How many times have you told yourself: “the crypto market is interesting but I wouldn’t know where to start”? Young Platform makes your life easier with an easy and intuitive interface, free educational courses, news and tools for everyone. Opening a profile on Young Platform is free and only takes a few minutes.

Check out the Top movers

Take a look at the prices of cryptocurrencies that have reached higher volatility in the last 24 hours and catch market trends.

Read our disclosure before buying, selling or trading cryptocurrencies

Buy Solana