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Home » What’s the potential multiplier if you buy Solana Saga phone for $599 now?
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What’s the potential multiplier if you buy Solana Saga phone for $599 now?

By adminDec. 21, 2023No Comments6 Mins Read
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What's the potential multiplier if you buy Solana Saga phone for $599 now?
What's the potential multiplier if you buy Solana Saga phone for $599 now?
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The additional income of Saga phones is mainly divided into three parts: airdrop profits, mining profits, and resale appreciation. The following article will analyze the three different sources of income to see how much profit can be made if one were to purchase a Saga phone at the original price.

(Summary:
Solana surges! DEX trading volume surpasses Ethereum, SOL returns to the fifth largest token by market cap.
)

(Background:
Solana’s Saga phone sales increase by 10 times! Airdrop coin BONK surpasses the selling price.
)

Table of Contents:
Airdrop Income
Mining Income
Resale Income

Solana Labs’ smart phone Saga has recently gained popularity in the market. However, the reason is not due to the phone’s significant advantages in consumer experience, but rather the generous airdrops from Solana ecosystem projects such as Bonk (BONK) to Saga phone owners. This phenomenon has been jokingly referred to as a modern version of “buying a box and getting a treasure.”

Last weekend, Solana officially announced that Saga phones are completely sold out in North America and only a small amount of stock remains in Europe. Searching on e-commerce websites like eBay reveals that the resale price of Saga phones on eBay has exceeded $2,000, several times higher than the official price of $599 (originally $1,000 during the initial release due to poor sales), and most shipments are located in Europe and Oceania.

So, if a lucky user managed to purchase a Saga phone at the original price before the Bonk frenzy, how much profit can they make now? According to statistics from Odaily, there are three main sources of additional income for Saga phone owners: airdrop profits, mining profits, and resale appreciation. Next, we will analyze each of these sources to determine how much profit can be made if one were to purchase a Saga phone at the original price.

First, let’s look at the highly anticipated airdrop income. All new users who activate the Saga phone can receive a Saga Genesis Token and claim up to 30 million BONK. The current total value is approximately $536 (peaked at $1,024.8 on December 15th).

In addition to BONK, holding Saga also allows users to receive airdrops from other projects and exclusive NFT minting qualifications, including:
– Call of Saga: In May of this year, Claynosaurz and Saga jointly launched the NFT series “Call of Saga.” Users holding Saga Genesis Tokens have exclusive minting qualifications. The current floor price for Call of Saga is 22.25 SOL, worth approximately $1,700.
– Access Protocol (ACS): Airdrop amount of 100,000 ACS, with a total value of approximately $256.
– Solend (SLND): Details not confirmed, but its founder Rooter has confirmed airdrops for Saga holders.


Odaily Note: Rooter has confirmed airdrops for Saga holders.
– Samoyedcoin (SAMO): Details not confirmed, but its official X account has announced airdrops for Saga holders.

In addition, mainstream ecosystem projects such as Jupiter (JUP) and meme tokens like MORY and GECKO have discussed airdrops for Saga holders, but there is currently no official announcement.


Odaily Note: Jupiter has not yet confirmed airdrops for Saga holders.

In summary, as a testament to being an OG user in the Solana ecosystem, Saga phone owners have become a top priority for many Solana ecosystem projects in terms of airdrops. It is expected that more projects will follow suit.

Moving on to mining income, this mainly refers to the ability of Saga phone owners to mine the decentralized wireless communication network Helium Mobile (MOBILE) and the decentralized storage network ShdwDrive (SHDW). Among them, MOBILE has already become a hot asset of discussion within the community due to its several-fold increase in value over the past month.

Firstly, it should be clarified that participating in Helium Mobile mining is not exclusive to Saga phones. However, the developer of Helium Mobile, Nova Labs, has been providing Saga phone users with SIM cards and one month of free trial since last year, allowing Saga users to “freeload” directly.

According to feedback from users participating in Helium Mobile mining, in October, mining could yield around 8,000 to 9,000 tokens per day. However, with the influx of a large number of users recently, individual mining profits have decreased to around 2,000 tokens per day, with the daily output still decreasing at a rate of about 9%.

Taking the average of 8,000 and 2,000, which is 5,000, and estimating that Saga phone owners effectively utilize the one-month free trial period for Helium Mobile mining, they can earn approximately 150,000 MOBILE tokens in the past month, worth about $900 (a rough estimate).

As for ShdwDrive (SHDW), its official account has been confirmed on the X platform, and Saga owners only need to open the app to easily participate in SHDW mining. However, there is currently a lack of disclosure regarding the mining income on social media.

Read more:
Helium Mobile Cracks Down on “Professional Mining and Selling”: Rewards in MOBILE Tokens Can Only Be Claimed After Eight Days

The last potential source of income is resale. As mentioned earlier, the current resale price of Saga phones on eBay has exceeded $2,000. Sellers usually indicate whether the BONK airdrop has been claimed, but even without considering the value of the BONK airdrop, the resale price of Saga phones still has a significant profit margin compared to the official price of $599.

However, considering the trend of Solana ecosystem projects airdropping to Saga phone owners and the fact that Saga users can also profit from mining in addition to airdrops, HODL may be a better choice for lucky buyers who have already purchased Saga phones.

Read more:
Solana Surges: A Reevaluation of the Staking Market – Four-Wheel Carriages Boost Liquidity

Related Reports
Saga Phone Sales Fall Short! Only 2,200 Units Sold, Less Than Expected 10%
Large-scale Solana Airdrops Coming? An Overview of Seven Potential Protocols and Interaction Strategies
Missed Out on Buying Solana and Regret It? Which Established Public Chains Still Have Opportunities?
Helium Ecosystem Tokens Soaring! MOBILE, IOT, HNT, DATA All Rise 90%
Tags:
BONK
Helium Mobile
Saga
Solana
Phone
Mining
Airdrop

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