Everyone in the team has been running overtime and working towards the development of our groundbreaking platform, our development team has been tireless in getting Solanax ready for all of you, and we couldn’t be happier with the amount of support we have been receiving from all our partners and community members.
As the majority of you already know, $SOLD has been available to trade on Raydium since September! This moment marked a tremendous milestone for our project and took Solanax a huge step forward.
Built on the Solana Blockchain, Raydium is an AMM that uses the central order book from the Serum Decentralized Exchange (DEX) to give its users the ability to take advantage of Solana-enabled super-fast trades and low fees.
Where to get $SOLD?
Raydium
Launched in February 2021, Raydium deviates from other AMM DEXs and DeFi protocols because, unlike its peers, this platform uses shared liquidity as it accesses the order flow and liquidity from the entire system Serum ecosystem (and vice-versa).
Raydium is one of the top DEXs in the market, with an average daily volume of over $80M and over 100 different markets.
In addition to the previously announced $SOLD / $SOL pair, you can trade $SOLD / $USDC on Raydium using the link below:
Exmarkets
In case you are not acquainted with decentralized exchanges, you can also go to ExMarkets, where the $SOLD token is available with the following pairs SOLD/USDT and SOLD/SOL.
You can also still access the ExMarkets $SOLD Staking pools liked below and take advantage of our high yield staking options, active until December!
Community Growth
Over the last few weeks, we’ve witnessed our community’s heartwarming growth, and it excites us all to feel that this project is reaching and captivating a bigger audience every day.
Our Twitter followers grew X last month, and our Telegram community grew to X
About Solanax
Solanax is a Solana-based automated market maker (AMM) exchange providing lightning-fast trades, pooled liquidity, and other income-generating features. Solana was chosen as the underlying blockchain to facilitate low-cost, high-speed transactions. It is a permissionless, high-performance blockchain based on the Proof of History consensus (PoH).
Given the advantages that Solana offers when compared to other blockchain ecosystems, it is a popular solution among investors, users, and developers. Ethereum’s Proof of Work Consensus is slow, hard to scale, and comes with high gas fees which were exacerbated by its account-based system. Where Ethereum has failed to live up to the community expe, Solana quickly proves to be a viable alternative.
Solanax will utilize the cross-bridge Wormhole to connect to projects and digital assets existing on the Ethereum blockchain, facilitating adoption and allowing the crypto community to seamlessly move tokenized assets from one blockchain to another, improving interoperability and liquidity setup.
It is faster and cheaper; Solanax offers on-chain liquidity; traders will have more control over their trading activities; an integration of Wormhole for fusion with tokenized assets on the Ethereum blockchain, and much more.
For more details on the project at the forefront of the DeFi evolution, visit:
Website | Twitter | Telegram | White paper
