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Solayer Delays LAYER Token Community Sale Amid Overwhelming Demand

13 January 2025
in Crypto, News
Reading Time: 3 mins read
110 2
Home News Crypto

The much-anticipated community sale of Solayer’s LAYER token has been postponed to December 16, 2025, at 10:00 UTC due to a significant increase in interest.

Buidlpad, the overseeing launchpad, revealed on January 13 that registrations had surpassed expectations by 15 times, leading to the rescheduling.

The sale, previously announced on January 10, aims to enable retail investors to acquire LAYER tokens. Solayer is a restaking network built on the Solana blockchain that emphasizes layer 2 scalability. It utilizes hardware-accelerated clusters, Software Defined Networking (SDN), and Remote Direct Memory Access (RDMA) technology. According to its roadmap for 2025, the platform now supports bandwidth speeds of 100 Gbps and can handle over 1 million transactions per second (TPS), making it well-suited for high-performance decentralized applications.

The LAYER token serves as a governance and utility asset, allowing holders to engage in platform development and decision-making. Early investors, including Emerald Card holders, will receive discounted, fully unlocked tokens.

To participate in the sale, individuals must register on the platform, verify their accounts on X, follow Buidlpad, and hold specific tokens. Subscription limits are set between 100 USDC and 2,000 USDC, while Key Opinion Leaders can invest up to 5,000 USDC. In case of oversubscription, allocations will be distributed pro-rata, with refunds by January 15, 2025. Buidlpad has implemented anti-bot measures to ensure fairness, but further details following the postponement are still awaited.

Adding to its innovative developments, Solayer recently unveiled InfiniSVM, described as “the grand finale of Solayer’s vision.” Powered by hardware-accelerated Solana Virtual Machine (SVM) technology, this solution was designed for dynamic scalability, achieving an impressive transaction confirmation time of just 1 millisecond at launch. By leveraging SVM’s parallel processing model, Solana facilitates thousands of transactions per second, making it ideal for decentralized applications. Unlike Ethereum’s sequential processing model, SVM enhances scalability and efficiency, cementing Solayer’s position as a leader in blockchain performance innovation.

 

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