Solana ID, an identity protocol, has announced its Token Generation Event (TGE) for its native token SOLID. The protocol allows applications to access both on-chain and off-chain data, improving user conversions and reducing acquisition costs. The SOLID token will offer exclusive rewards across the Solana ecosystem, providing access through a single ID and token. The TGE includes a $20 million Fully Diluted Valuation (FDV) and a 150% Annual Percentage Yield. The token distribution breakdown allocates 35% to the community, 16% to the core team, 15% to early supporters, 14% to the treasury, and 10% to marketing. The project has outlined eligibility criteria for the whitelist.



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