shot-button
Banner Banner
Home > Brand Media News > Solanium and everything you need to know about it

Solanium and everything you need to know about it.

Updated on: 10 March,2022 05:38 PM IST  |  Mumbai
BrandMedia | brandmedia@mid-day.com

Taking over the digital financial industry, Solanium is one of the most talked-about decentralized platforms on the Solana blockchain.

Solanium and everything you need to know about it.

Solanium

Today, to get into any industry or field, it is essential to gather more information and accurate data and then get into it to create success. With a pool of sectors developing each passing day, making the right decisions and creating their success stories may get tricky. The same can be said about the Defi world, which has been growing each passing day with the onset of more and more incredible platforms. We couldn’t help but notice the rise of one such platform called Solanium, which has been growing as a decentralized platform on the Solana blockchain. Currently, the Solanium project is quite talked-about for its varied features and, of course, its SLIM token.


 


First, let’s understand what really will Solanium do in the digital financial world. The decentralized platform will introduce decentralized fundraising, governance voting, and also time-weighed token staking to the Solana ecosystem. The team behind the platform is driven to give much importance to both the UI and UX, and they believe that UI makes for a core principle, which somehow is not prioritized in the ecosystem. Solanium is seen as a promising platform as a one-stop solution for Solana with the integrated wallet and DEX and transaction management. Even other major Solana wallets will be supported. With proper inline wallet management, users will never have to leave the platform to check token balances or manage token accounts. Any kind of changes will be directly reflected on the forum.


 

There are varied phases of the platform that have been designed, including Trade, the first phase of the platform, where a custom GUI for the Serum DEX will be launched. The finalized pools can create their Serum market and begin trading. Next is Staking, consisting of SLIM tokens, which are lockable for a selected lock time at least for a year. Users will receive an xSLIM balance by locking these tokens in the staking contract, but there are non-transferable. Followed by this are Pools, Governance, and Token distribution.

 

Solanium is something many are looking forward to as a platform that can offer great growth to users.

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!

Register for FREE
to continue reading !

This is not a paywall.
However, your registration helps us understand your preferences better and enables us to provide insightful and credible journalism for all our readers.

Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK