The SOL token is the native digital asset
of the Solana blockchain and serves many purposes, including:
Pay Transaction Costs
SOL is the cryptocurrency in which users
and developers pay transaction costs for using the Solana network. As of
June 2022, the transaction costs on the network are around $0.00025 per
transaction.
Staking
You can stake your SOL crypto to increase
the security and resilience of the Solana blockchain. In addition to
staking to become a validator who verifies
transactions and adds new blocks, you can also delegate your SOL stake to
existing network validators. In return, you can earn rewards and grow your
Solana investment.
Cryptocurrency to Trade and HODL
Solana is one of the top cryptocurrencies
in market cap, liquidity, and trading volume. As a popular digital
asset among investors, you can trade SOL against other cryptocurrencies or
hold it over the long term to increase the value of your trading portfolio.
Always check Solana price live, SOL market cap, circulating supply, trading
volume, and fundamentals before placing a new trade in SOL.
Earn Passive Income on KuCoin
You can earn attractive returns on your
Solana holdings by lending liquidity in
SOL to the KuCoin
Exchange. Head to the KuCoin
Crypto Lending
section and select the SOL token from our list of offerings. Enter the
number of SOLs you wish to lend and select the duration (choose from 7 days,
14 days, or 28 days). You can then see the daily interest rates we offer and
get an estimate of the profits you could make.
PROFITPIONEERS EARNING also lets you stake SOL crypto to
generate a stream of passive revenue. Head to the KuCoin
Earn section to
learn about the latest APRs on offer and start staking Solana on our
platform.