Solana Labs Kicks Off Pre-Orders for New Smartphone Weeks After First Edition of the web3 Device Sold Out

Solana (SOL) Labs is kicking off pre-orders for the new model of its crypto-focused smartphone weeks after the first version offered out in a frenzy.

Solana Cellular is offering customers a “Founder Window” to deposit $450 for the upcoming “Chapter 2” cellphone, which the challenge says is anticipated to ship in the first half of 2025.

Solana Cellular says “the goal” is for the $450 deposit to cowl the full value of the cellphone, excluding taxes, delivery and charges.

The corporate’s purpose goal is to hit 100,000 pre-orders. Solana Cellular says they could not proceed with the launch of the cellphone if that focus on isn’t met, and the firm will refund deposits if that occurs.

The Ethereum (ETH) challenger began delivery the first model of its smartphone, Saga, in April.

In December, Solana Cellular announced that its web3-enabled telephones had offered out. One attainable contributing issue to the gross sales: shopping for a Saga got here with a reward of free Bonk (BONK), a Solana-based Dogecoin (DOGE) competitor, in line with the challenge’s website.

Decentralized finance (DeFi) crypto pockets Phantom indicated the measurement of the reward was 30 million BONK, a trove that was price as much as $630 in December as the memecoin surged in value. The Saga’s value was reduced to $599 in August.

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