The biannual celebration for the Solana community will involve members picking a nomination who will be rewarded.
Top Honor in the Solana Community
Solana has announced the commencement of nominations for the Squid Prize yet again on Dec. 4.
The Squid Prize is one of the highest honors that a community member can earn via participating in the community actively and making a positive impact. The winner of the Dec. 2021 prize will be rewarded with $20,000 USDC-SPL and will be passed on the unique Squid Prize NFT. The Squid Prize is named after the first-ever winner, @fordudesake, for his immense contributions to the Solana community. The nomination window will remain open till Dec. 17th.
“It’s time once again to award the Squid Prize, the biannual celebration of the people who make the Solana community great. This time, we want to hear from you. The Squid Prize is named after its first winner, the illustrious @fordudesake, for their contributions to the community,” tweeted the network’s official Twitter handle about the prize.
The network’s native token, SOL, has come under the wrath of the market-wide crypto price flash crash on Dec. 4. While the token has held its stead as the 5th most prominent cryptocurrency by market capitalization, it currently trades at $197.40, 16.35% lower than 24 hours ago, as per data from CoinMarketCap. SOL currently had a circulating market cap of $60.23 billion.
Drop your nominations for the Squid Prize here!
What is Solana Labs?
Solana Labs is the software firm that is responsible for the creation and maintenance of the Solana blockchain network. In less than two years since its launch, the network has established itself as one of the most sought-after blockchain networks in terms of the decentralized application (dApp) deployment, utility, NFTs, etc. The network has a Total Value Locked (TVL) of $12.7 billion on DeFi protocols, as per data from DeFiLlama.
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Source : solana.news