What is Solana ID? Digital Identity Platform Raises $250K in Pre-Seed

Digital identity solution Solana ID announced the completion of its pre-seed token sale, raising $250,000 for its native token, $SOLID.

What’s the Significance: Funds will be used to develop a platform that incentivizes users to share data while preserving privacy, says Pierre Stoll, Solana ID co-founder who is based in Boracay.

Driving the News: In a statement, the Solana-based project called the recently concluded pre-seed token sale as a “milestone.” 

• The sale sets the stage for upcoming seed-raising and public sale events, expected to raise an additional $2 million.

By the Numbers:

• 35,000+: Total organic sign-ups to secure $SOLID priority pass access. 
• 10+: Total decentralized applications (dApps) that are on the waiting list for integration, including Orca, Jupiter, and Flash Trade.
• Q3 2024: The expected launch of Solana ID Beta Version.

Key Quote: 

“Solana ID is not just an identity management solution; it is a movement towards a more equitable and user-centric digital future. With the successful pre-seed token sale and the upcoming seed raising and public sale events, Solana ID is poised to make significant strides in the digital identity space.”

Pierre Stoll, Co-Founder and CGO, Solana ID

What is Solana ID? 

Solana ID enables users to securely link their digital footprints to crypto wallets. 

• According to the team, this allows users to earn rewards while maintaining privacy.
• The platform seeks to help web3 firms identify and target users efficiently.
• For more rewards: Technically, web3 projects can use the data shared by Solana ID users, and in return, the users can earn rewards such as:
  • $SOLID cashback rewards
  • Airdrops
  • Whitelisting opportunities
  • Discounts
  • Exclusive access to offers and features

Solana ID Support: Solana ID boasts support from different firms and communities. 

• Investors: Blockchain Founders Group, zkPass, Momentum8 Syndicate, G20 Strategies, and notable angels from Lucid Drakes and Billy from 0xIntuition.
• Partnerships: Collaborations with Brinc Ignit3, IBC, and Mario Nawfal, and distribution partnerships with Solana Sensei.
• Community Connections: Ties with Superteam Philippines and Superteam Balkan.
  • Solana ID Co-Founder and CGO Pierre Stoll is a member of Superteam Philippines and resides in Boracay, Philippines.
  • Solana ID Co-Founder and CEO Simon Molitor is a member of Superteam Balkan. 

What’s Next: The seed-raising and public sale events are scheduled on launchpads including Fjord and BorgPad. 

This article is published on BitPinas: What is Solana ID? Digital Identity Platform Raises $250K in Pre-Seed

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