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VALR is set to release 300 SOL in rewards and airdrops throughout the Solana Summer. One lucky participant will be gifted 1 SOL token each day, while top traders across Futures, Spot, and combined volume rankings will split large prize pools over the weeks.
VALR, a global crypto exchange headquartered in Johannesburg, South Africa has announced the launch of Solana Summer on its platform. VALR plans to incentivize participants of the Solana Summer event with 300 SOL and lucky airdrops.
VALR’s Vision for Solana Summer
According to a blog post, the Solana Summer event will begin on August 1 and end on September 31, 2024. With this event, VALR’s vision is to become an alluring platform where users can easily trade Solana (SOL) and other exclusive ecosystem tokens.
Participation in the Solana Summer campaign is easy, requiring no need to fill out a registration form. Verified users of the VALR platform can join the campaign by simply trading Solana or any SPL-native token listed on VALR. Rewards will be distributed to traders according to their public ranking on the Solana Summer Leaderboard.
VALR is set to release 300 SOL in rewards and airdrops throughout the Solana Summer. One lucky participant will be gifted 1 SOL token each day, while top traders across Futures, Spot, and combined volume rankings will split large prize pools over the weeks. Finally, the top five traders by total volume will share a final award pool of 100 SOL as the grand finale.
The Spot token pairs eligible for trading at the campaign include SOL/USDT, SOL/USDC, SOL/ZAR, BOME/USDT, JUP/USDT, PYTH/USDT, W/USDT, and WIF/USDT. For Futures, participants can trade SOL/USDT-perp, 1MBONK/USDT-perp, and WIF/USDT-perp. Furthermore, SOL, NEON, JITO, W, WIF, BONK, JUP, BOME, and PYTH are the eligible tokens participants can buy and sell during the event.
While commenting on the event, Ben Caselin, CMO at VALR stated:
“We are excited to bring this Solana Summer activity to our user base. This initiative was organized with accessibility in mind, ensuring everyone has an opportunity to benefit. Solana Summer on VALR is inclusive of traders of all levels, while also being highly rewarding for top traders.”
Focus on the Solana Ecosystem
Notably, Solana Summer comes alongside other top events in the Solana ecosystem, South Africa and Asia. Specifically, several Solana online events and related podcasts featuring notable ecosystem founders have been designed to maximize participants’ engagement.
The event also coincides with a recovery in Solana following the launch of a spot Ethereum Exchange-Traded Fund (ETF) in the US. As of this writing, SOL is trading at $182.37, inking a 3.6% gain in the past week. In the past day, the trading volume increased by 37.4% to $3.3 billion, with a market cap of $84.7 billion.
As reported earlier by Coinspeaker, World Of Charts, a renowned crypto analyst, forecasted that SOL is on track towards the $250 price. The analyst cites Solana’s breakout from a bullish pennant pattern, which first appeared in March. According to him, this breakout suggests the start of a new rally for the digital currency.
