Binance
Binance
Voyager
Voyager

Binance, the world’s largest crypto exchange, officially added Solana (SOL), a new scalable blockchain that uses a network timestamp system called Proof-of-History, on Tuesday.

According to the announcement, deposits are now enabled and trading for SOL/BNB, SOL/BTC and SOL/BUSD pairs will open at 12:00 am (EST) on Thursday. This marks the first official listing for Solana.

Binance and Solana are also conducting a bounty promotion with over $50,000 in SOL token rewards for users who complete various community-related tasks like following Solana’s Telegram and Twitter, subscribing to its newsletter and completing a quiz after reading a project primer available on Binance’s site.

Solana, which looks to be positioning itself as another “Ethereum killer,” currently claims 50-65k transactions per second and 400ms block times with 50 nodes on its public testnet.

The Solana team comes from strong tech and legacy computing backgrounds and has raised over $25 million in four rounds of a token presale conducted between March 2018 and February 2020. Current investors include Multicoin Capital, Blocktower Capital and NGC Capital.

Update:

Join: Binance / Binance US
More: Binance Research’s Report on Solana (SOL)
Interesting: Binance US’s New Referral Program Pays up to 40% of Trading Fees

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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