TL; DR
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The Solana Saga phone just broke all the traditional phone sales rules, going from ‘absolute flop’ to ‘sold out worldwide’ in just a few days, thanks to the financial incentives baked into the device.
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Saga phone owners can claim airdrops (aka crypto giveaways) from crypto projects within the Solana ecosystem…
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The crypto networks that will benefit from the use and distribution of the Saga phone are giving away some of their network value to Saga users. Very cool!
Full story
Financial incentives are great medicine.
And thanks to crypto, it’s starting to find its way into new parts of our lives (in some pretty strange ways).
Take the Solana Saga phone for example…
By now we are all familiar with the purchasing process of mobile phones. It is a variation on:
Go to a store → point to the newest model → pay → feel “just okay” with your purchase → struggle to feel anything inside.
These days, there isn’t really a clear financial incentive for most of us to upgrade.
In fact, there’s probably more financial incentive to stick with the current model and save our money since mobile technology is no longer making huge leaps and bounds every year.
But the Solana Saga phone simply broke all those rules, going from “absolute flop” to “sold out worldwide” in a matter of days, thanks to the financial incentives baked into the device.
Seriously, a few weeks ago the Saga phone was:
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Struggled to sell the first production run, moving only 2,200 units in six months.
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The retail price is being sliced, from $1,000 to $599.
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To get towed by technical YouTubers.
The Saga phone is now:
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Sold out worldwide.
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Sell on secondary marketplaces, such as eBay, for $5,000.
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Probably still dragged in by tech YouTubers (can’t win ’em all!).
How? Saga phone owners can claim airdrops (aka crypto giveaways) from crypto projects within the Solana ecosystem…
Projects like $BONK (the meme coin), which is up ~650% in the last month.
The airdrop of Bonk tokens for every Saga owner essentially makes the phone a break-even purchase at $599.
Okay, so “crypto phone gives away crypto” is that the headline?
Think of it more like this:
This is like acquiring shares in Apple every time you buy a new iPhone.
Because the crypto networks that will benefit from the use and distribution of the Saga phone are giving away some of their network value to Saga users.
It’s a whole new relationship between businesses and consumers, where both parties are rewarded for helping build the networks they’re a part of.
Very cool!