Solana Labs Launches Pre-Orders for Second Edition of Crypto-Focused Smartphone
Solana (SOL) Labs is now accepting pre-orders for the new version of its crypto-focused smartphone, following the sell-out of the first edition. The company, known as Solana Mobile, is offering customers a “Founder Window” to make a $450 deposit for the upcoming “Chapter 2” phone. The project expects to ship the device in the first half of 2025. The goal is for the deposit to cover the full price of the phone, excluding taxes, shipping, and fees. However, if Solana Mobile fails to reach its target of 100,000 pre-orders, it may not proceed with the release and will refund deposits.
Saga’s Success and Bonk Rewards
Solana Mobile started shipping its first smartphone, Saga, in April. The device sold out in December, potentially due to the added incentive of receiving free Bonk (BONK), a Solana-based Dogecoin competitor. Phantom, a decentralized finance (DeFi) crypto wallet, indicated that the reward was worth up to $630 at the time. To further entice buyers, Saga’s price was reduced to $599 in August.
Hot Take: Solana Mobile Expands its Reach with New Smartphone Pre-Orders
Solana Labs’ decision to launch pre-orders for its second edition smartphone demonstrates the growing demand for crypto-focused devices. By providing customers with a Founder Window opportunity, Solana Mobile aims to secure enough pre-orders to proceed with production and delivery. This strategy not only generates early interest but also ensures that potential buyers are committed to purchasing the device. Furthermore, by offering incentives like free Bonk tokens with previous purchases, Solana Mobile has successfully attracted customers and created a sense of exclusivity. As the popularity of cryptocurrencies continues to rise, crypto-focused smartphones are becoming essential tools for enthusiasts and investors alike.
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