Meme Insider
Hey Meme Insider fam! 👋 Ever heard of a token that's not just about memes, but actually building something cool on the blockchain? Let's talk about SOLID, the token fueling Solana ID, a project aiming to give you more control over your digital identity on the Solana blockchain.
Imagine your crypto wallet becoming more than just a place to store tokens. Solana ID wants to turn it into your on-chain passport, complete with a reputation score – think of it as your credit score, but for the Web3 world. This is where SOLID comes in. It's the key to unlocking all sorts of perks and benefits within the Solana ecosystem, all thanks to your "SOLID score."
So, what exactly is Solana ID? It’s basically a decentralized identity platform exclusively for Solana. It's designed to link your on-chain activity to your wallet, giving you a SOLID score that reflects how active and engaged you are. This score isn't just for show; it unlocks personalized experiences across different decentralized apps (dApps). Think tailored discounts, special rewards, and exclusive offers – all based on your on-chain hustle.
One of the coolest things about Solana ID is its data-2-earn model. You can actually earn rewards by sharing your verified identity data. Yep, you get to monetize your good reputation! Plus, by staking SOLID tokens, you can boost your trust and your SOLID score, unlocking even more perks. It’s like leveling up your Web3 status!
For the tech-savvy folks, here’s the nitty-gritty:
- Token Symbol: SOLID
- Token Address:
SoLiDMWBct5TurG1LNcocemBK7QmTn4P33GSrRrcd2n(You can check it out on Solscan) - Network: Solana (SPL Token)
The SOLID token launched on December 19, 2024, and it’s got a max supply of 1 billion tokens. Initially, about 14.5% of that was floating around. There's a potential inflation rate of up to 1.5% per year, but that might not even kick in for seven years, and it's all up to the community to decide through governance.
Speaking of community, Solana ID already has a decent following, with over 20,000 Twitter followers, 7,000 Discord members, and 3,000 Telegram folks as of early 2025. They've even partnered with projects like Drift and MonkeDAO.
What can you do with SOLID?
- Rewards Galore: Unlock exclusive perks and benefits across the Solana ecosystem.
- Earn Revenue: The Solana ID platform generates revenue in SOLID from setup fees and business data queries. When you set up your ID, you pay a small fee (around $10), which gets converted to SOLID. Businesses also pay in SOLID (or stables that are converted) to access data.
- Governance Power: Got opinions on the future of Solana ID? SOLID gives you voting rights to influence the project's direction.
Thinking about grabbing some SOLID? Here’s how:
You can snag SOLID on both centralized exchanges (CEXs) and decentralized exchanges (DEXs). For CEXs, just find one that lists SOLID (check sites like CoinMarketCap or CoinGecko for listings). On DEXs, you’ll need a Solana wallet like Trust Wallet. Load it up with SOL, connect to a DEX, and swap your SOL for SOLID.
If you’re looking for a platform to track and trade SOLID, you might want to check out GMGN.AI. It’s designed for meme tokens and Solana tokens, and it gives you real-time analytics, smart money tracking, and even automated trading tools. They even have a dedicated page for SOLID: GMGN.AI SOLID Token Page.
Market Check (as of April 10, 2025):
- Market Cap: Around $2,092,088 (CoinGecko)
- Circulating Supply: Roughly 420 Million SOLID (CoinGecko)
- Fully Diluted Valuation (FDV): About $5,020,266 (CoinGecko)
- 24h Trading Volume: Around $7,053.77 (CoinGecko)
Of course, like any crypto investment, SOLID comes with risks. The price can be volatile, and the market is driven by sentiment. Plus, the decentralized identity space is getting crowded, and regulations are always evolving. But, Solana ID is aiming to build a real reputation layer on Solana, and SOLID is the token that powers it all.
Want to dive deeper? Check out these links:
In Conclusion:
SOLID and Solana ID are interesting projects in the Solana ecosystem. They're trying to solve a real problem – how to build trust and reputation in a decentralized world. If you're into projects with utility beyond just hype, SOLID is worth keeping an eye on. Just remember to do your own research, and never invest more than you can afford to lose! Stay tuned to Meme Insider for more crypto deep dives! 😉
