Buidlpad Announces First Community Sale for Solayer’s Debit Card

New York, January 9, 2025 – Buidlpad is here to make token launch great again. The market has seen enough VC-backed projects with inflated valuations that farm users with points before quickly being dumped and forgotten after listing. Buidlpad connects builders and communities to restore an equitable fundraising system in crypto, driven by retail and individuals. Through Buidlpad, projects can raise funds and expand their community engagement, while retail investors benefit from preferential terms and skin in the game. Buidlpad creates a solid foundation that aligns interests for a successful token launch and long-term performance.

Today, Buidlpad is excited to announce its inaugural community sale for Solayer, via which Solayer’s network token, $LAYER, will be distributed to users. These tokens will be completely unlocked upon TGE.  Solayer is developing Solayer InfiniSVM which is a next-gen hardware-accelerated SVM blockchain with infinite scalability designed to empower dapps with improved network bandwidth while leveraging Solana’s L1 security.

Solayer already offers the leading staking infrastructure on Solana with its launch of native SOL staking that focuses on hardware optimization and stake-weight quality of service to increase the throughput of Solana and yields the highest block rewards for sSOL holders. In addition, Solayer launched the first yield-bearing stablecoin backed by T-bill yields on Solana, called Solayer USD (sUSD). Since going live in Q1 2024, Solayer has accumulated over $350M in TVL. The launch of sUSD in Q4 2024 has not only quickly attracted over $30M in TVL but also introduced the first on-chain savings account for depositors.

The $LAYER token will function as the native token for InfiniSVM and the governance token, empowering holders to participate in DAO decisions regarding crucial development directions, as well as native token with protocol utilities on infiniSVMa portion of the LAYER total supply has been allocated to Buidlpad for its community sale program.

Key details regarding the SolayerCommunity Sale include:

Format: Subscription and prorating

Subscription Period: KYC is open at 6 AM UTC on January 10th and subscription starts from at 10 AM UTC on January 13th

Total allocation: $10,500,000

Number of tokens to be distributed: 30,000,000 $LAYER (3% of total supply) 

Supported Payment Tokens: USDC (Solana), USDT (Solana), SOL, WIF, and BONK

Interested participants are encouraged to complete their KYC verification early before the subscription period begins for a smoother experience. For further information about Solayer and the specifics of the Community Sale program structure, please visit Buidlpad's Solayer Page.

About Buidlpad

Buidlpad is a compliant crypto public sale platform. In response to the prevailing market sentiment characterized by poor performance and low trust in many VC-backed projects, Buidlpad seeks to restore community ownership in the crypto space. Buidlpad’s goal is to reduce the dominance of venture capitalists and institutional airdrop farmers over project tokens. By democratizing the pre-TGE community sale process and emphasizing transparency and compliance, Buidlpad aligns the interests of retail users who genuinely invest in and contribute to projects. This approach ensures effective fundraising, scalability, and long-term sustainability for project teams, while also providing profitability and new opportunities for retail investors.

This post is commissioned by Buidlpad and does not serve as a testimonial or endorsement by The Block. This post is for informational purposes only and should not be relied upon as a basis for investment, tax, legal or other advice. You should conduct your own research and consult independent counsel and advisors on the matters discussed within this post. Past performance of any asset is not indicative of future results.