SOLANAX AMA Recap

BSCDaily.com hosts Solanax: a decentralized and non-custodial automated liquidity mechanism supporting trades within the Solana ecosystem.

BSCdaily – Admin: Hello and welcome, so @MatasBal, @Solanaxdev, |CTO| Solanax M B How are you today? 

MB | Solanax Sales: Doing great!

M B | CTO | Solanax: Hello everyone, thank you for having us

Arvydas: Thank you for hosting us, we’re doing great.

BSCdaily – Admin: Happy to hear! Ready to start our AMA?

MB | Solanax Sales: Let’s do it

M B | CTO | Solanax: sure, let’s go

Q1: What is Solanax all about? Give us a little summary

Arvydas: Yes sure, we will be Faster and cheaper compared to other DEX, and we will add even more features in the future. End goal of us would be to become attractive open-source liquidity and Defi protocols that offer competitive interest rates on which everyone will be able feelessly access financial instruments.

Q2: Could you tell us a little bit about the three of you and your team? What are your past experiences?

M B | CTO | Solanax: I am Mindaugas, the co-founder and CTO of Solanax. I worked for more than 7 years as a software developer prior to moving to the cryptocurrency space. My passion for blockchain engineering led me to discover my enthusiasm for crypto. I am looking forward to community questions and will be delighted to cover as much as I can.

Arvydas: I am the founder and CEO of the project. I’m a software developer who knows a lot about risk, compliance, and the blockchain ecosystem. My interest in crypto brought me back to finance, prompting me to investigate various DeFi concepts. I’ve had a strong urge to learn new and fascinating things since I was a youngster, and I can safely state that work is my driving force. Since I got into Crypto space I generally work between 14 and 16 hours each day, and I love it. I’ve previously worked on several crypto ventures that are now quite successful.

MB | Solanax Sales: I’m Matas Solanax Head of Sales. My sales experience comes from administration abilities of 4 years in coordinating elite groups and applying vital business planning to further revenue growth. Prior was working with Proswap and Coinmargin projects.

BSCdaily – Admin: Wow! Three of you are really amazing!

Q3: Why did your team decide to build Solanax?

M B | CTO | Solanax: We have been working on the network for some period, and we have been meeting with our team constantly regarding what more we can Serve to the network, and we come up with an idea of Building Solanax as the fastest DEX for Solana.

Arvydas: I became aware of Solana Blockchain early on and rapidly understood its potential, so I immediately began assembling my team. Partly because it’s new and we can accelerate our advantages of the newly growing ecosystem we chose to build on Solana and make it scalable.

We saw a number of issues with the Ethereum network, so we investigated them all and came up with solutions on Solanax. We then began developing new features that will allow average people to access DeFi instruments more cheaply and easily.

Q4: Let’s dive into your token $SOLD. Can you share with us your tokenomics? And what are some of $SOLD use cases?

Arvydas: $SOLD Token Utility

Features that will be included in the SOLD token:

1. Staking: Holders of SOLD tokens will be able to stake them to receive an additional return from trading fees.

2. There will be Tt ability to stake SOLD for higher yield multipliers.

3. A limited governance model is anticipated to be included in Solanax, allowing SOLD stakeholders to engage in and vote on community ideas and modifications.

The Distribution part of the token

Of the SOLD Token

• Supply Limit: 80,000,000 Tokens total minded

• 15 % for staking reserve

• 40 % for Incentives so its for rewards, airdrops also advisors and the ecosystem

• 25 % for Treasury/Private Sale distribution

• 5 % for the team (Locked)

Q5: So where can we buy $SOLD?

M B | CTO | Solanax: Right now we are doing private sales, regarding that you can write to our team via [email protected] and on 28th we will be having IEO on ExMarkets

BSCdaily – Admin: Excited!!!

Q6: Does $SOLD get audited?

Arvydas: We just began the implementation process of our features as soon as they have passed an in-depth security audit by smart contract and cryptography specialists the same guys who will create a certificate for our token.

Q7: What can we expect in the next 3 months and in 2021 as a whole?

Arvydas: We are now working on steps which involve developing smart contracts integrating liquidity, enabling swaps and pools, with a launch date set for this summer.

Q8: Where can we find out more about Solanax?

Arvydas: You can always find development updates on Gitbook, and Socials will always be a place where we will regularly update any new features, upgrades, or updates.

BSCdaily – Admin: So, how about social media? Where can we find Solanax?

MB | Solanax Sales: Telegram: t.me/solanaxcommunity

M B | CTO | Solanax: twitter.com/Solanaxorg

solanax.medium.com/

solanax.gitbook.io/solanax/

discord.com/invite/23zsTCd4u3

BSCdaily – Admin: Great!

BSCdaily – Admin: With this we are now at the end of our AMA session with Solanax

[MC] Time for wrapping up, any last words you would like to say to our community? @Solanaxdev, @MatasBal, |CTO| Solanax M B

MB | Solanax Sales: Pleasure working with you guys!

BSCdaily – Admin: It was a pleasure having you @Solanaxdev, @MatasBal, |CTO| Solanax M B 

Thank you so much for spending time with our community & all the very best for Solanax.

Source : cryptodaily.io

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