[ad_1]
SAN FRANCISCO, June 13, 2021 (GLOBE NEWSWIRE) — Solanax, a Solana-based decentralized finance protocol, has launched and is presently conducting a personal token sale, with an preliminary alternate providing (IEO) slated to launch on June twenty eighth. The DeFi protocol sells its native tokens, $SOLD, so as to add sources to the mission and speed up its growth. The personal sale will finish on June twenty fifth, and the IEO will launch on June twenty eighth.
Solanax went stay on June ninth. They plan to launch its automated market maker (AMM) and decentralized alternate (DEX) platform on the Solana Blockchain. Concerning the launch, the workforce stated, “SOLANAX are trying to eradicate centralized intermediaries and pave the best way for full decentralization, censorship-resistant, and secure buying and selling throughout the Solana ecosystem and past.”
Why Select Solanax?
Solanax is not like another DEX within the crypto area. The protocol’s versatility powered by Solana builds a trader-first DEX design, the place buying and selling options are optimized for traders to purchase, promote and switch crypto property seamlessly. Solanax is the last word CEX-killer, providing at-par if not above par aggressive options that merchants look out for in a crypto alternate. Solanax is exclusive from different DeFi protocols on Solana and past. Listed here are Solanax’s 5 unique advantages to merchants:
- Problem-free buying and selling with excessive liquidity throughout Solanax, as traders are incentivized to supply liquidity to low-volume property whereas sustaining excessive liquidity in standard property.
- Fast and seamless transaction settlement powered by Solana’s excessive transaction throughput.
- Almost zero transaction charges for swapping SPL tokens.
- Open-source Liq and DeFi protocol. There are a number of methods folks will be capable to earn rewards.
- Plans for cross-blockchain Bridge implementation through Wormhole / Binance Bridge / Solanax Token Converter
- It runs on the extra highly effective and extremely scalable Solana blockchain.
- Totally decentralized, censorship-resistant with a safe hybrid consensus mannequin
Extra Potentialities with Solanax
Solanax’s potentialities don’t cease with these advantages. The platform will provide unmatched flexibility for merchants to entry digital property on the Ethereum blockchain via the Wormhole cross-chain bridge. By way of this bridge, builders can convert ERC-20 tokens into SPL tokens appropriate with the Solana ecosystem, then deploy the tokens to decentralized apps (dApps) like Solanax.
Solanax rewards liquidity suppliers. We have now reserved 40% of the 80 million complete provide of $SOLD for platform incentives. What’s extra, $SOLD holders can stake their tokens and earn rewards. Of the 0.3% taker price and 0.2% maker price on transactions, 0.4% is redistributed to Solanax liquidity swimming pools as rewards for liquidity suppliers. The remaining 0.1% is shipped to the staking pool as staking incentives. Solanax DEX additionally has a farming platform the place merchants can stake LP tokens and earn farming rewards. Via these incentives, the platform creates a community-first DEX mission on Solana.
$SOLD Token Distribution
Solanax DEX will distribute not less than 20 million $SOLD tokens earlier than itemizing on a centralized alternate (CEX). The mission presently provides crypto fans and traders an opportunity to hitch via the personal token sale for the $SOLD token, which ends on June twenty eighth. To get began on the personal sale, contact Solanax’s gross sales workforce at sales@solanax.org.
Within the subsequent IEO that launches on June twenty eighth, one other 10 million $SOLD tokens shall be distributed in a number of rounds with a goal of not less than $2 million from the providing. Thus, the personal sale and IEO will distribute a mixed 25% of the entire $SOLD tokens.
Abstract
Solanax is about to turn out to be probably the most scalable DEX platform within the crypto ecosystem for merchants and builders. It provides lightning-fast token swaps at very low charges, with the comfort of a CEX.
For builders, Solanax builds a flexible platform to deliver interoperability throughout blockchains catalyzing mission growth and adoption. Powered by Solana, the DeFi protocol’s purposes are limitless and performant.
Media Contact
Web site: solanax.org
Personal Token Sale: sales@solanax.org
Twitter: Solanax
Telegram: Solanax.org Community
Press Contact –
Identify – Samiran Mondal
Electronic mail- Newscoverage.agency@gmail.com
Telegram- Samiran Mondal
Web site- www.newscoverage.agency
[ad_2]
Source link
