The reason so many creators are getting into Solana is because of its fast and low-cost ecosystem. That is why there are over 400 apps built on Solana, with more expected to come up soon. These apps and companies are using Solano blockchain to improve various industries such as DeFi, wallets, media, gaming, art, etc. These apps use coins available in the ecosystem, and in this article, we shall take a look at the number of coins and where you can purchase them.
Solana (SOL)
It was the first cryptocurrency in the ecosystem that miners received as Proof of History (PoH) on the platform. Its ranked 7th on the Coinmarketcap list, with its price standing at $159.20 on September 18th, 2021. You can buy $SOL on either one of the two major exchanges, Gate.io and Binance.
However, if you are a US citizen, you can’t buy SOL on Binance. SOL’s recommended wallet is The Trust Wallet which you can freely download for your Android or iOS devices.
Chainlink (LINK)
It solves the problem of off-chain data access that limits app developments. With the fast speeds of the Solana blockchain, Chainlink uses the oracle network to access resources and process smart contracts. For this reason, data providers like Huobi, Alpha Vantage, and Brand New Coin recognize Chainlink as a legitimate data project and sell access to their data on the platform. You can buy LINK tokens on Kraken, Huobi Global, Binance, Coinbase, or Gate.io exchanges.
Civic (CVC)
It allows online platforms to identify and verify their users without background verification. Subsequently, users get to keep their data safe from hackers. The platform will request identity verification from Civic without obtaining the exact details. This interconnectivity allows easy and faster verification while keeping the user’s data private.
Waves (WAVES)
It allows newbies who have no technical know-how in building a blockchain to create their own token. Many people use it when launching crowdfunding campaigns. It also allows two users to exchange wave-based tokens instantly. You can buy WAVES on Huobi Global or Binance exchanges.
Ren (REN)
It’s a project that allows users to exchange cryptocurrency without a custodian or exchange anonymously. With the Ren Virtual Machine (RenVM), you no longer have to worry about verification requirements for your DeFi projects. You can buy REN on Huobi Global or Binance exchanges.
Aleph.im (ALEPH)
Its function is to decentralize centralized parts of apps. The platform uses cloud computing where users can upload data; they want to decentralize the Aleph databases. Next, the app is transcribed and available on-demand to the user. You can buy ALEPH coins on Eterbase, Uniswap (V2), MXC.COM, Serum, Beaxy, Bitribe, and IDEX.
Oxygen (OXY)
It’s a decentralized protocol where users create a pool for their assets. Oxygen makes DeFi services like borrowing, lending, and exchange of assets available. It marks the assets as either available or not. If they are available, e.g., for lending, it connects it to a user who is borrowing the asset if, upon verification, the user qualifies. You can buy OXY on Uniswap (V2), Sushiwap, Gate.io, and FTX exchanges.