[New Listing] Coin8 Now supports Solana (SOL) on Spot Market

Dear Coin8 Users,

We are thrilled to announce that Solana (SOL) will be listed! Check out the details below:

• Deposit Open Time: January 9, 2025, 11:00 (UTC+8)
• Withdrawal Open Time: January 9, 2025, 11:00 (UTC+8)
• SOL/USDT Spot Trading Pair Open Time: January 9, 2025, 16:00 (UTC+8)

Project Info (This information is strictly for reference only)

Token Name: Solana (SOL)

Current Supply: 590,938,537 SOL

Website: https://solana.com/zh

Block Explorer: https://scan-new.pandorachain.org/

What is Solana?

Solana was founded at the end of 2017 by former engineers from Qualcomm, Intel, and Dropbox. It is a single-chain delegated proof-of-stake protocol, focusing on providing scalability without compromising decentralization or security. The core of Solana's scalability solution is a decentralized clock called "Proof of History (PoH)," designed to address the time synchronization problem in distributed networks that lack a single trusted time source. By using verifiable delay functions, PoH allows each node to locally generate timestamps using SHA256 computation. This eliminates the need to broadcast timestamps across the entire network, thereby improving overall network efficiency.

SOL is the native token of the Solana blockchain. Solana uses a delegated proof-of-stake consensus algorithm to incentivize token holders to validate transactions. As part of Solana's security design, all fees are paid in SOL and burned, reducing the total supply. This deflationary SOL mechanism encourages more token holders to stake their tokens, thereby increasing network security.

Coin8 Team

January 9, 2025

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