VALR Announces Solana Summer with 300 SOL Rewards and Airdrops

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As a seasoned crypto investor with a keen eye for emerging opportunities in the blockchain space, I find VALR’s Solana Summer event to be a compelling proposition. Having witnessed the meteoric rise of Solana (SOL) in recent months, I am particularly intrigued by this initiative that aims to make trading SOL and associated ecosystem tokens easier on their platform.

VALR, a worldwide cryptocurrency trading platform based in Johannesburg, South Africa, has declared the initiation of “Solana Summer” on their system. In order to attract attendees for this event, VALR intends to reward them with a total of 300 SOL and some fortunate recipients will receive additional airdrops as incentives.

VALR’s Vision for Solana Summer

Based on a blog announcement, the Solana Summer event is set to commence on August 1, 2024, and conclude on September 31, 2024. During this period, VALR aims to transform into an irresistible trading destination where users can effortlessly buy and sell Solana (SOL) tokens as well as other unique ecosystem tokens.

Engaging in the Solana Summer campaign is effortless; there’s no requirement for registration forms. Users confirmed on VALR, our trusted platform, can partake by merely trading Solana or any token native to Solana Platform Listing (SPL) through VALR. Rewards will be allocated based on each trader’s standing in the Solana Summer Leaderboard.

Over the course of the Solana Summer, VALR has planned to distribute a total of 300 SOL in rewards and airdrops. Daily fortune smiles on one fortunate individual with a gift of 1 SOL token. Moreover, the top traders in Futures, Spot, and overall trading volume categories will be awarded substantial prize pools during various weeks. The grand finale will see the top five traders by total trading volume sharing a bountiful award pool of 100 SOL.

During this campaign, certain Spot token pairings are available for trading: SOL/USDT, SOL/USDC, SOL/ZAR, BOME/USDT, JUP/USDT, PYTH/USDT, W/USDT, and WIF/USDT. For those interested in Futures, the following pairings can be traded: SOL/USDT-perp, 1MBONK/USDT-perp, and WIF/USDT-perp. Additionally, participants may buy and sell the following tokens: SOL, NEON, JITO, W, WIF, BONK, JUP, BOME, and PYTH.

While commenting on the event, Ben Caselin, CMO at VALR stated:

1. “We’re thrilled to unveil the Solana Summer activity for our community members! This project was designed with inclusivity as a priority, ensuring that it caters to users at every skill level. The Solana Summer on VALR is open to traders of all experience levels, offering attractive rewards for both novice and expert participants.”

Focus on the Solana Ecosystem

Significantly, Solana Summer aligns with other prominent Solana community happenings in South Africa and Asia. In particular, a series of online events and relevant podcast discussions led by influential Solana ecosystem creators are planned to foster meaningful interaction among attendees.

1) The gathering happens concurrently with Solana’s rebound after the introduction of a U.S.-based spot Ethereum Exchange-Traded Fund (ETF). Presently, SOL is being traded at $182.37, representing a 3.6% rise over the past week. In the last 24 hours, trading volume has surged by 37.4%, reaching $3.3 billion, and boasting a market capitalization of $84.7 billion.

Based on recent analysis by World Of Charts, a well-known crypto expert, Solana (SOL) is projected to reach approximately $250 in price. This forecast is based on Solana’s breakout from a bullish pennant pattern, initially spotted in March, which the analyst believes signifies the commencement of a fresh rally for this digital currency.

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2024-07-30 12:30