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San Francisco, June 13, 2021 (Global News Agency)- eggplant, A decentralized financial protocol based on Solana, has been launched and is currently undergoing private token sales, and the initial exchange product (IEO) is scheduled to be launched on June 28. The DeFi protocol sells its native token $SOLD to add resources to the project and accelerate its development. The private placement will end on June 25th and the IEO will be launched on June 28th.
Solanax went live on June 9. They plan to launch their automated market maker (AMM) and decentralized exchange (DEX) platforms on the Solana blockchain. Regarding the launch, the team stated, “Solanax It is trying to eliminate centralized intermediaries and pave the way for complete decentralization, censorship resistance and secure transactions inside and outside the Solana ecosystem. “
Why choose Solanax?
Solanax is different from any other DEX in the crypto space. The versatility of the protocol supported by Solana builds a trader-first DEX design, in which the trading function is optimized, and investors can seamlessly buy, sell and transfer encrypted assets. Solanax is the ultimate killer of CEX. It provides the competitive features that traders look for in cryptocurrency exchanges, even if they are not above average. Solanax is different from other DeFi protocols on Solana and other platforms. The following are five exclusive advantages Solanax provides traders:
- The entire Solanax has high liquidity and worry-free trading, because investors are encouraged to provide liquidity for low-volume assets while maintaining high liquidity for popular assets.
- Fast and seamless transaction settlement supported by Solana’s high transaction throughput.
- The transaction fee for exchanging SPL tokens is almost zero.
- Open source Liq and DeFi protocols. People can get rewards in many ways.
- Implementation of a cross-blockchain bridge plan through Wormhole / Binance Bridge / Solanax Token Converter
- It runs on the more powerful and highly scalable Solana blockchain.
- Completely decentralized, censorship-resistant and secure hybrid consensus model
More possibilities for Solanax
The possibilities of Solanax don’t stop there. The platform will provide traders with unparalleled flexibility to access digital assets on the Ethereum blockchain through a wormhole cross-chain bridge. Through this bridge, developers can convert ERC-20 tokens into SPL tokens compatible with the Solana ecosystem, and then deploy these tokens to decentralized applications (dApps) like Solanax.
Solanax rewards liquidity providers. We reserve 40% of the total supply of US$80 million for platform incentives. More importantly, $SOLD holders can pledge their tokens and receive rewards. Of the 0.3% taker fee and 0.2% maker fee of the transaction, 0.4% is redistributed to the Solanax liquidity pool as a reward to the liquidity provider. The remaining 0.1% is sent to the staking pool as a staking incentive. Solanax DEX also has an agricultural platform on which traders can mortgage LP tokens and receive agricultural rewards. Through these incentives, the platform created a community-first DEX project on Solana.
$SOLD token distribution
Solanx DEX Prior to the listing on the Central Exchange (CEX), at least $20 million in sold tokens will be distributed. The project currently provides an opportunity for crypto enthusiasts and investors to join through a private token sale of the $SOLD token, which will end on June 28. To start a private sale, please contact Solanax’s sales team: Sales@solanax.org.
In the subsequent IEO launched on June 28, another $10 million in sold tokens will be distributed in multiple rounds, with the goal of obtaining at least $2 million from the issuance. Therefore, the private sale and IEO will distribute 25% of the total $SOLD tokens.
Generalize
Solanax will become the most scalable DEX platform in the crypto ecosystem for traders and developers. It provides lightning-fast token exchange at a very low fee and has the convenience of CEX.
For developers, Solanax has built a multifunctional platform to achieve cross-blockchain interoperability, thereby facilitating project development and adoption. With the support of Solana, the applications of the DeFi protocol are unlimited and high-performance.
Media contact
website: solanax.org
Private token sale: Sales@solanax.org
Twitter: eggplant
telegraph: Solanax.org community
Media Contact-
Name- Samin Mondal
e-mail- Newscoverage.agency@gmail.com
telegraph- Samin Mondal
website- www.newscoverage.agency
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