Following a spike in demand, Solana has canceled some orders of Saga cellphones as a consequence of 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 out to be a few of the largest 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 wish.
Now, evidently the demand for this cellphone has turn out to be unmanageable as Solana Cell introduced on December twenty second, 2023, that it will likely be canceling orders made for the cellphone.
Solana Labs Overwhelmed?
It’s price noting that a variety 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 just a little underneath $700 as of this text. Naturally, orders for the Solana Saga went up and the cellphone offered out.
Based on an official assertion on X, Solana Cell solely had 20,000 models 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 meet orders that had been positioned after stock ran out,” Solana Cell mentioned, including that some orders had been canceled as a consequence of suspicious exercise or cost dangers.
Those that have been affected by the cancellation have been knowledgeable and will likely be given a refund and Solana Cell has apologised for any inconvenience. Whereas this incident will likely 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 Cell was inundated with orders from world wide. 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 likely be a back-and-forth of kinds concerning which is extra interesting to consumers. And if Solana Cell and different firms provide free crypto with their merchandise, this form of scenario will have to be accounted for.
Shifting ahead, evidently Solana’s telephones will stay common throughout the crypto-loving group. It has many options together with token storage that can attraction to most crypto lovers and, in some circumstances, the possibility to get lots of of {dollars} price of crypto free of charge.