EXMO is supporting a new asset – Solana (SOL).
Solana is a decentralised blockchain launched with the aim to enable scalable and user-friendly apps. In addition to Proof-of-Stake, the platform relies on a unique Proof-of-History consensus mechanism that makes it the fastest blockchain out there. With 400 millisecond block times, Solana is able to process a record 65,000 transactions per second.
SOL is the native coin of the Solana blockchain used for transaction fee payments and staking. SOL staking allows holders to secure the network and earn rewards while doing so. SOL has become one of the fastest-growing cryptocurrencies in 2021 and is now the fifth-largest crypto asset by market cap, according to CoinGecko.
EXMO reminds users that cryptocurrency investments are not only high-rewarding but also involve high risk. For its part, EXMO does its utmost to ensure only reliable cryptocurrencies are traded on the exchange, however, the company is not responsible for any losses incurred to traders, as a result of trading operations. Please remember that each trader is personally responsible when carrying out trades or choosing a project for investment.