SAN FRANCISCO, June 13, 2021 (GLOBE NEWSWIRE) — Solanax, a Solana-based decentralized finance protocol, has launched and is currently conducting a private token sale, with an initial exchange offering (IEO) slated to launch on June 28th. The DeFi protocol sells its native tokens, $SOLD, to add resources to the project and accelerate its development. The private sale will end on June 25th, and the IEO will launch on June 28th.
Solanax went live on June 9th. They plan to launch its automated market maker (AMM) and decentralized exchange (DEX) platform on the Solana Blockchain. Regarding the launch, the team said, “SOLANAX are attempting to eliminate centralized intermediaries and pave the way for full decentralization, censorship-resistant, and safe trading within the Solana ecosystem and beyond.”
Why Choose Solanax?
Solanax is unlike any other DEX in the crypto space. The protocol’s versatility powered by Solana builds a trader-first DEX design, where trading features are optimized for investors to buy, sell and transfer crypto assets seamlessly. Solanax is the ultimate CEX-killer, offering at-par if not above par competitive features that traders look out for in a crypto exchange. Solanax is unique from other DeFi protocols on Solana and beyond. Here are Solanax’s five exclusive benefits to traders:
- Hassle-free trading with high liquidity across Solanax, as investors are incentivized to provide liquidity to low-volume assets while maintaining high liquidity in popular assets.
- Rapid and seamless transaction settlement powered by Solana’s high transaction throughput.
- Nearly zero transaction fees for swapping SPL tokens.
- Open-source Liq and DeFi protocol. There are several ways people will be able to earn rewards.
- Plans for cross-blockchain Bridge implementation via Wormhole / Binance Bridge / Solanax Token Converter
- It runs on the more powerful and highly scalable Solana blockchain.
- Fully decentralized, censorship-resistant with a secure hybrid…
