Solana Mobile, a subsidiary of Solana Labs, has unveiled impressive demand for its upcoming second crypto smartphone, Chapter 2, boasting over 85,000 preorders. This success follows the popularity of its predecessor, Saga.
Designed as a pioneering device for the Web3 era, Chapter 2 features a Seed Vault for secure digital asset management, a high-quality camera system, and a unique decentralized application (dApp) ecosystem.
The current phase, the Founder Window, allows fans to secure the smartphone at a discounted price of $450 for a limited time. With over 85,000 preorders already placed, the total potential value amounts to approximately $38,250,000.
Following the Founder Window, the next phases include the Early Adopter Window and Supporter Window.
The impressive number of preorders can be partially attributed to Solana’s referral program. Participants have the chance to climb the Leaderboard when their referral link is used for smartphone preorders.
The top 1,500 individuals on the Leaderboard at each scheduled snapshot will be eligible for a non-transferrable Element non-fungible token (NFT). The first snapshot, taken on February 8, revealed the Emerald NFT.
Holders of these NFTs are entitled to receive rewards from third parties, although specific details about the nature of these rewards remain undisclosed.
Additionally, those who preorder Chapter 2 will receive a non-transferrable Chapter 2 Preorder Token.
Solana anticipates shipping Chapter 2 in the first half of 2025. Market availability is yet to be defined, as Solana adopts a demand-based approach. If sufficient demand arises from a particular market, the smartphone will be made available; otherwise, refunds will be issued.
The company’s initial crypto smartphone, Saga, exceeded expectations by selling 15,000 units in a single day. Now aiming for a target of at least 100,000 units, the current 85,000 preorders suggest that this goal is well within reach.