The platform would introduce decentralized fundraising, time-weighted token staking, and governance voting to the Solana ecosystem.
What is Solanium? Solanium is the platform for the Solana blockchain. One can invest in the hottest Solana projects, stake one's tokens, trade on their DEX, manage their Solana wallet, and participate in Governance. The platform would introduce decentralized fundraising, time-weighted token staking, and governance voting to the Solana ecosystem. Solanium users will create and participate in token sales with only SPL tokens.
The primary phase of the platform will be launching a GUI for the Serum DEX. Finalized pools can create a Serum market and start trading on the permission-less DEX. The height of the xSLIM balance is based on the amount of SLIM tokens locked and the time left before the tokens are unlocked. The xSLIM ratio has been linearly decreasing since the time of lock. The SLIM tokens locked can't be taken off before the lock has expired. The main function of the platform will be Solanium Pools. On Solanium Pools, one with a Solana wallet can create a pool to distribute an SPL token. They will provide an easy-to-use UI, where users can set up their pool with just a few clicks. The UI will also have the option to create the SPL token if the user did not deploy an SPL token yet. The first phase of the Governance will mix a centralized solution and blockchain voting. A centralized app will allow users to sign with their wallets and vote. The votes would be saved in the database of the application. This can be compared to Snapshot for Ethereum projects. Both their seed and private sale rounds are distributed over many different participants. By spreading their source, private and public sales, they are trying to create the fairest token distribution on launch possible with no single entity holding large quantities of the supply.
There are many popular crypto exchanges with daily trading volumes and a vast user base. This will ensure one to sell their coins at any time, and the fees will usually be lower. It is suggested that one should also register on these exchanges since once SLIM gets listed there, it will attract a considerable amount of trading volumes from the users there, which means one will have some great trading opportunities.
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