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Following a spike in demand, Solana has canceled some orders of Saga cell phones resulting from shortages. Demand rose as a result of free 30 million BONK tokens that include the cellphone.
Solana Labs may need already had a win on its arms with its blockchain and native token which have turn into a number of the largest within the trade. However the firm determined final 12 months to enter the cell phone enterprise by releasing the Solana Saga, an Android cellphone that got here with Solana apps pre-installed and plenty of different options {that a} crypto lover would wish.
Now, evidently the demand for this cellphone has turn into unmanageable as Solana Cellular introduced on December 22nd, 2023, that it is going to be canceling orders made for the cellphone.
Solana Labs Overwhelmed?
It’s price noting that quite a lot of the problems that Solana is going through are due the the unprecedented spike in demand for the Solana Saga. BONK, a Solana-based token, has shot up in worth in the previous few weeks and merchants are scrambling to get their arms on it.
Conveniently, one of many perks of a Solana Saga is that every machine comes with 30 million bonk tokens, which is price a little bit underneath $700 as of this text. Naturally, orders for the Solana Saga went up and the cellphone bought out.
In keeping with an official assertion on X, Solana Cellular solely had 20,000 items of the cellphone for world buy however a list error meant that this quantity was misrepresented. As such, many orders needed to be canceled.
“Given this, we’re sadly unable to satisfy orders that had been positioned after stock ran out,” Solana Cellular mentioned, including that some orders had been canceled resulting from suspicious exercise or fee dangers.
Those that have been affected by the cancellation have been knowledgeable and will probably be given a refund and Solana Cellular has apologised for any inconvenience. Whereas this incident will probably be disappointing for the shoppers who tried to order the cellphone, it does present the interconnectedness of the crypto trade.
The BONK tokens that include the Solana Saga had been a minor perk however as soon as their worth started going up, Solana Cellular was inundated with orders from around the globe. And as many have identified, the Solana Saga prices about $600 however the tokens that include it may be price greater than the cellphone itself. As the value of BONK rises and falls, there will probably be a back-and-forth of types concerning which is extra interesting to consumers. And if Solana Cellular and different corporations provide free crypto with their merchandise, this kind of state of affairs will should be accounted for.
Shifting ahead, evidently Solana’s telephones will stay standard throughout the crypto-loving neighborhood. It has many options together with token storage that may attraction to most crypto lovers and, in some circumstances, the possibility to get a whole lot of {dollars} price of crypto free of charge.
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