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Demand for the Chapter 2 is seemingly so excessive, Solana Cellular hit its 7-day gross sales objective inside the first 24 hours, Raj Gokal, co-founder of Solana and president of Solana Labs, completely instructed TechCrunch.
Within the first 24 hours after the cellphone was introduced, Solana Cellular noticed over 25,000 preorders, and by the 30-hour mark, it had 30,000 preorders, Gokal mentioned. At these numbers, this new system has already eclipsed 12 months price of gross sales of Solana’s first handset, Saga.
The brand new cellphone could have related options as its predecessor: it’s based mostly on Android, has a built-in crypto pockets, a Seed Vault and a “dApp retailer” for decentralized crypto purposes. It’s initially being provided at $450, lower than the $599 the Saga is bought for. Chapter 2 will ship within the first half of 2025, a Solana spokesperson mentioned.
“For builders, Solana Cellular is creating a large alternative for crypto app groups trying to incentivize their customers,” Gokal mentioned. “It offers them a concentrated distribution channel to die-hard, devoted customers. It permits them to do that with none prohibitive app retailer charges.”
Gokal added that the system represents what’s potential with crypto, offering worth in incentivizing apps to customers.
Saga’s climb
Solana’s first smartphone didn’t see a lot demand when it was first launched in mid-2023 for $1,000. However the firm quickly lowered the value right down to $599 in mild of weak demand. YouTuber Marques Brownlee even known as Saga the “Worst New Telephone of 2023” and mentioned it was a “bust.”
Initially, it appeared the lackluster gross sales have been as a result of the cellphone went unnoticed within the crowded smartphone market. However the crypto-savvy crowd’s ears perked up when dog-focused memecoin BONK’s decentralized utility (dApp) introduced that it was offering 30 million BONK tokens to Saga homeowners totally free. The Saga then bought out nearly in a single day.
On the time, 30 million BONK tokens have been price greater than the price of the cellphone, so customers mainly received the system (or the tokens, relying on the way you take a look at it) totally free. Earlier than then, Saga homeowners obtained different crypto rewards, just like the mint for the Claynosaurz NFT assortment, however these promotions didn’t garner as a lot consideration. Following the BONK hype, although, different dApps started providing related rewards, which resulted in much more folks wanting to purchase the cellphone to get their arms on its provided worth.
“Because the market rebounded in This autumn of final yr, the Saga bought out, with the big majority of these gross sales going down over simply two days in December,” Gokal mentioned. “Since then, we’ve been inundated day by day with hundreds of requests for extra.”
Now, Solana is hoping to recreate the identical magic with Chapter 2. The Saga genesis token, the non-transferrable NFT that got here with each Saga and helped homeowners redeem rewards, won’t be accessible to homeowners of the brand new units, however the firm plans on “constructing on this expertise in Chapter 2,” in response to its FAQ.
“Giving again to the neighborhood has a snowball impact: As extra builders begin releasing crypto-incentivized apps to Solana Cellular customers, we’ll see even higher adoption,” Gokal mentioned. The Chapter 2 has launched with sponsors together with Backpack, Tensor, Phantom, Solflare, Magic Eden and Drip, which plan to reward homeowners, he added.
“Chapter 2 is concentrated on wider distribution, higher accessibility, and makes use of learnings from the final two years to allow higher flexibility for builders and customers,” Gokal mentioned.
The brand new system has “been within the works” for over a yr, Gokal mentioned, as the corporate needed to offer “full freedom for crypto builders and customers,” by having no restrictions on tokens or NFTs, and no prohibitive charges.
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