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Following a spike in demand, Solana has canceled some orders of Saga cell phones as a result of shortages. Demand rose because of the 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 change into a few of the greatest within the business. However the firm determined final yr to enter the cell phone enterprise by releasing the Solana Saga, an Android cellphone that got here with Solana apps pre-installed and lots of different options {that a} crypto lover would want.
Now, it appears that evidently the demand for this cellphone has change into unmanageable as Solana Cellular introduced on December twenty second, 2023, that will probably 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 couple of 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 slightly below $700 as of this text. Naturally, orders for the Solana Saga went up and the cellphone bought out.
In line with an official assertion on X, Solana Cellular solely had 20,000 items of the cellphone for world buy however a listing error meant that this quantity was misrepresented. As such, many orders needed to be canceled.
“Given this, we’re sadly unable to meet orders that had been positioned after stock ran out,” Solana Cellular mentioned, including that some orders had been canceled as a result of suspicious exercise or fee dangers.
Those that have been affected by the cancellation have been knowledgeable and can be given a refund and Solana Cellular has apologised for any inconvenience. Whereas this incident can be disappointing for the customers who tried to order the cellphone, it does present the interconnectedness of the crypto business.
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 all over the world. 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 worth of BONK rises and falls, there can be a back-and-forth of kinds relating to which is extra interesting to consumers. And if Solana Cellular and different corporations supply free crypto with their merchandise, this kind of scenario will have to be accounted for.
Shifting ahead, it appears that evidently Solana’s telephones will stay widespread inside the crypto-loving group. It has many options together with token storage that can enchantment to most crypto lovers and, in some circumstances, the prospect to get a whole bunch of {dollars} price of crypto free of charge.
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