Decentralized finance (DeFi) has only been around since 2020, but it is already shaking the financial world. The fast-growing blockchain ecosystem is home to DeFi, which promises a massive overhaul of financial systems by distributing more financial services to the masses. Now we welcome Solanax, a new DeFi protocol built on the Solana network that aims to change the way people conduct transactions. As a decentralized and non-custodial automated pool-based liquidity mechanism for transactions within the Solana ecosystem, Solanax aims to revolutionize DeFi and make it the center of financial transactions.
Solanax is launched on the Solana network, a blockchain that promises better speed and cheaper transactions never achieved by its previous counterparts such as Ethereum and Bitcoin. Solanax will enable trustless token exchanges, trading, and most importantly, a realignment of the crypto world. In other words, Solanax is destined to become an important asset exchange community platform.
We are all aware of the challenges crypto enthusiasts experience with the Ethereum main-net proof-of-work (PoW) consensus, which are slow and costly.
To eliminate all intermediaries, complexities and time-consuming procedures from the equation, SOLANAX has no order book, complexity and time-consuming procedures in the equation. It is expected that this will give users the freedom to trade with their assets without fear of censorship or loss of property through fraud or hacking.
Summary of Solanax features:
- Users have complete control
- Next-level liquidity
- Smooth returns
- Lightning fast Exchanges
- DeFi is faster, cheaper and more powerful.
The objectives of the Solanax project
- Scalability – Extending DeFi by bringing more financial services even closer to users
- Making financial tools more accessible to the general public
- Reduce transaction costs to record levels through faster transaction speeds
- Building an interface that allows users to create a comfortable trading environment (limit orders; alerts, etc.).
- A central order book provides liquidity access throughout the ecosystem, so individuals do not rely on a single source of liquidity.
Incentives for early entrants
Solanax aims to reward its early entrants generously. The rewards are based on the incentives of the platform, which allocates you 40% of the total token supply. The platform does not charge any fees ,so the stakeholders of the $SOLD token will receive all exchange trading fees (0.2 percent from the producer and 0.3 percent from the taker).
So far, this approach has attracted a large community showing interest in the Solanax project, as seen on Sunday when the private sale was announced!
Solana Network is creating a niche for itself in the blockchain family that users see as a better alternative with more advanced features that they have longed for in recent years. Solana is taking advantage of the weaknesses of Ethereum and other blockchain networks to create a platform that offers what has been lacking in the industry so far. The company, for example, has re-evaluated its strategies and is now expanding its capacity to meet the increasing demand for faster blockchain services. Their goal is to be the go-to network for decentralized applications.
Solana Blockchain is based on Proof of History (PoH), a new method of verifying transactions that turns out to be quite popular. They use PoH to solve the scalability and speed issues that have historically limited the development of Bitcoin and Ethereum. That is, as these networks expand, they often encounter limitations in transaction speed and confirmation time, which consequently leads to high costs for transactions. Through PoH, Solana can process thousands of transactions per second, which is not comparable to Ethereum’s 15 transactions. Surely this is worth looking at as more people are looking for cheaper transactions. In addition, to achieve this, Solana works with a strong sense of security and decentralization.
Solana and DeFi projects
DeFi projects focus on decentralising access to financial services by making it accessible to the general public.
Financial access is seen as the best way to reduce the gap between rich and poor on the way to a better society. These technologies will continue to improve the lives of many people at the other end of the world who have not yet had access to the financial instruments that would have allowed them to survive in a capitalist world. We can simply conclude that investing in a future where everyone is more equal is a no-brainer.
At Solanax, we believe that Solana will be a significant player in the crypto space, even though it is a new blockchain network. In addition, the team behind Solana is discreetly changing the crypto environment with new financial opportunities. Solana has piqued our interest, and we have gathered a group of crypto professionals from around the world to collaborate on the Solanax project. The bunker of global decentralized finance.
Total stock: 80 000 000 SOLD tokens
Private Sale: Total available stock-10 000 000 SOLD
Period: 06.06.2021 – 25.06.2021
Token price – $ 0.1 with 3 month vesting period;
Token Price – $ 0.15 excluding vesting period;
First exchange offer: Total available offer-10 000 000 SOLD
Round 1: 28. 06. 2021 – 05. 07. 2021 | 0,20 $ | Available stock: 5 000 000 SOLD
Round 2: 08/07/2021 – 13/07/2021 | 0,25 $ / Available Stock: 3 000 000 SOLD
Round 3: 16/07/2021 – 19/07/2021 | 0,30 $ / Available Stock: 2 000 000 SOLD
Visit our website and Twitter for more information about the upcoming release, Airdrop, IEO and Private Sale.
White Paper: https://solanax.org/whitepaper.pdf
Last updated on June 22, 2021
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