SolarDex is the first US-based Solana Dex that offers one of a kind safe platform. Solar eliminates the need for third-party Liquidity locks by making it mandatory for every liquidity pool to lock for 3 months.
Dec 10, 2021 00:00:00
Dec 10, 2021 23:00:00
ICO Details
What Is Solar Dex ?
SolarDex is the first US-based Solana Dex that offers one of a kind safe platform. Solar eliminates the need for third-party Liquidity locks by making it mandatory for every liquidity pool to lock for 3 months.
Solar Dex Unique Features
Auto Liquidity Lock:
Many decentralized exchanges (DEX), such as Uniswap, rely on liquidity pools. To form a market, users known as liquidity providers (LP) combine two tokens of equal value in a pool. In exchange for supplying their funds, they get trading fees equal to their percentage of overall liquidity from trades that take place in their pool.
SolarDex is the first USbased Solana Dex that offers one of a kind safe platform. Solar eliminates the need for third-party Liquidity locks by making it mandatory for every liquidity pool to lock for 3 months. This means NO MORE RUG PULLS!
Swapping on SolarDex:
Users can start trading on a pool as soon as it is formed using the SolarDex swap instruction. Tokens are transferred from a user’s source account to the swap’s source token account, and then tokens are transferred from the swap’s destination token account to the user’s destination token account.
Because all accounts must be specified in the instruction for Solana programs, users must collect all account information from the pool state account, including the token A and B accounts, pool token mint, and fee account.
Furthermore, the user must allow the transfer of tokens from their source token account. SPL token is the best practice. instruction: Authorize a specific amount for a new throwaway Keypair, and then have the new Keypair sign the Solardex swap transaction.
This restricts the number of tokens the software may take from the user’s account.
Gas Fees Efficient:
Solardex uses Serum Protocol. Serum Protocol is based on Solana Blockchain and Solana is very gas efficient and has speed transaction throughput.
Order books:
Our main product is the SolarDex Orderbook. It’s a completely decentralized Layer 2 exchange with an order book developed on top of the Solana Network. While developing SolarDexOrderbook, we considered two types of traders:
Traditional centralized exchange traders who appreciate the speed of transactions and ease of navigation but must accept risks and relinquish control of their assets by placing a high level of faith in a centralized operator.
Traders using decentralized exchange platforms who trust the code to reduce the danger of losing their assets must put up with a clunky user interface, restricted functionality, and technology-specific difficulties.
Yield Farming on Solardex:
You’ll need a wallet to hold your money before you start your adventure with Solardex. Unlike other blockchains, which may be accessed using a standard Metamask or a hardware wallet such as a Ledger or Trezor, SolarDex uses Solana that offers a variety of wallets from which to pick for keeping cash.
These wallets are all non-custodial, which means you have complete control over your cash, and they may be used to receive and transmit SOL and other Solana Program Library (SPL) tokens. Although all of them may be utilized without trouble, we recommend the Project Serum team’s Solaedex wallet since it is
very compatible with most, if not all, of the projects that are now live on Solana.
Liquidity Cap:
Most Defi projects are measured by their market caps [ price per token x total supply]. Although this has been the standard norm with Cryptocurrency, this measurement is not an adequate reflection on how Defi projects should be measured. Liquidity is defined as the total amount of Network based token [BNB,
Ethereum, Solana] integrated with projects token to give value per token. Liquidity Cap will be a transparent way to show how much liquidity is in that pool so investors are aware of the actual value of tokens.
Roadmap
Solar Dex Token Economy
Solar Token will be the native Solana SPL Token on the Solar Dex exchange. It will have a total supply of a 100 million tokens and is non-mintable.
- Cover exchange fees
- Farming / Staking
- Lotto [Similar to PancakeSwap lotto function – may only be accessible at first to certain countries]
- IDO Participation on Solar Dex exchange
- Governance [Voting on proposed upgrades and listings]
Detailed Token Metrics
Updating…
Token Distribution
Token Release Schedule
Updating…
Partners & Advisors
Team Members
Investors
Updating…