What Is Soldex (SOLX)?
Soldex (SOLX) is a decentralized exchange (DEX) that aims to allow users to trade cryptocurrency. The users can trade their assets safely and securely between two parties without any third-party involvement. The platform is built on the Solana network and seeks to solve the problems of other Ethereum-based DEX. Besides, the platform also seeks to solve the problem of low liquidity, slow transaction speed, poor user experience, and limited cross-chain trading. Here, liquidity means to convert an asset into a real-world economy without affecting the market.
The Solana network aims to allow users to perform faster and more efficient transactions. Further, the platform has adopted artificial intelligence (AI) for smooth functioning. The platform seeks to combine AI, machine learning, and neural network algorithms continuously working on all markets. Despite such innovation, users can still execute smart contract-based trades. According to the whitepaper, the platform aims at utilizing advanced DEXes that use artificial intelligent bots, machine learning, and neural network algorithms.
The protocol of the Soldex platform looks after three main components for the platform's functioning, namely, market data analysis, market risk prediction, and trading of the asset. Besides, the protocol also aims to ensure complete transparency and user-friendly navigation.
SOLX is the native token of the Soldex platform. SOLX is a DeFi token that aims to function as an on-chain currency and governance token. The users can use SOLX to pay the transaction fee throughout the platform, to feed the AI-powered bots, and engage in staking. By staking SOLX, users can earn rewards.
The platform plans to launch order book-based DEX trading, Soldex trading bots, and trading bots marketplace in the upcoming months. The platform also plans to launch a SOLX-driven trading ecosystem, AI trading integration with other DEXes, and the Soldex launchpad.
History of Soldex (SOLX)
The core team of the platform includes Mark Yampolsky (general manager), Shobi Khan, (CTO), Diego Scaiano Young (marketing manager), and Aman Pratap Singh (community manager).
The maximum total supply of the Soldex platform is 500,000,000 SOLX.