The last few years, the DeFi Sector has had a bit of a boom. DeFi sector experienced a sizeable jump when Locked for 6 months (December 2020 - May 2021). It is estimated that more than 80 billion USD were locked at that time which was previously only at 15 billion USD.
Apart from advances in blockchain technology, DeFi is also able to hypnotize global trust in traditional banking systems through the Decentralized Finance sector.
With rapidly growing achievements, Crypto and DeFi are increasingly joining the DeFi evolution such as several financial institutions and world governments, Even El Salvador has recently announced that his country has officially made Bitcoin a legal tender.
By showing its development, DeFi is becoming the adoption for several innovations and new projects that can make transactions faster, cheaper and more accessible. One such project is Solanax.
Solanax is a new innovation blockchain based automated market maker (AMM) with an offer to take DeFi to a new level which is the fastest and cheapest Decentralized exchange system that promises users uncensored trading or risk of losing assets.
It is well known that ETH's main-net proof-of-work(PoW) consensus has design drawbacks such as being too slow and difficult to measure and even transaction fees occupy a high value. For this problem, Solanax managed to provide a solution in the field of blockchain.
With the ability to provide an incredible 50,000 transactions per second, a permissionless and high-performance blockchain according to Historical Evidence (PoH) enabling low-cost and high-speed transactions, Solanax is considered the fastest growing ecosystem in the crypto world in 2021.
The Solanax platform is able to offer almost 0 fees for stock liquidity on AMM pools, LP Tokens and earn profits.
For liquidity supply required to choose only one exchange, User is no longer required to pay anything on DEX.
Regular AMM will allow you to state the number of tokens to be traded and the number of slippages.However, if these conditions are not met, the order and gas costs will be wasted rather than waiting for the transaction to run.
And if you're in doubt about Solanax's long-term survival, we just have to look at one of the most trusted venture capital firms in Silicon Valley who invested 314 Million USD in the Solanax funding round.
With the huge investment they made, it can prove that the crypto world has great support for the trust they have worked with and that is trust in the long term.
Despite being a toddler, Solanax has proven a clear roadmap and project objectives that within the Solanax Ecosystem have more than just the fastest and cheapest DEX.
Liquidity providers are incentivized on low volume assets for higher rewards (DEX fee distribution is 0.3% for takers while for makers is around 0.2%.
Exploring further, Solanax which is able to provide the fastest DeFi protocol turns out to also present AMM and DEX by using a wormhole bridge to access all crypto assets generated on the Ethereum network. Whereas wormholes are not blockchain networks so they can safely rely on consensus.
Solanax also offers the necessary Wallet feature to store your funds on the blockchain.
$SOLD is the native token of the Solanax ecosystem. With a total supply of 80,000 000 $SOLD Tokens, the distribution is: 5% Team Token, 15% Liquidity, 15% Staking, 25% Private Sale and 40% Public Distribution.
Entering Solanax as soon as the private sale was announced, a large, growing and enthusiastic community immediately sprang up.
Early users will be rewarded with platform rewards, i.e. 40% of the total token supply. Private and public IDOs have garnered a lot of interest there. It's good now that you dive deeper into more information about Airdrops, IEOs, and private selling.
The private sale begins and at the first airdrop, Two thousand people will share the prize pool worth 50,000 USD $SOLD tokens. Details can be found here: https://t.co/kpTzWgLU2z?amp=1
There's been a lot of talk about what the Solanax project has produced. A solid product that promises a competitive advantage clearly over the more expensive and slower competition. While Solanax came in front of them with the opposite offer , Of course there would be a lot of people at Solanax !
That's what I can see from Solanax staking DeFi, Are you guys there yet? Let me know in the comments!
