The growing popularity of Ethereum has become quite edgy. Its application has positioned the technology as valuable and promising, causing increased congestion and making transactions slow and expensive. As a result, new blockchains have emerged to reduce industry costs. Solana (SOL) is one of these, an exchange designed to transact at speeds exceeding 50,000 transactions per second.  It is less than $0.0001 per transaction, a significant improvement over what users have observed on Ethereum.

    However, concerns about the use of old blockchain infrastructure extend one level lower to decentralized exchanges. It is a generalization, but it is not uncommon to come across lower levels of liquidity, volume insufficiency, and an overall poor user experience. Furthermore, many users are concerned about a secondary issue: most exchanges rely solely on manually executing their trades. Although some projects have addressed these concerns by allowing users to search for the best available transactions, they have yet to be integrated into a decentralized exchange (DEX).

    Soldex is developing a third-generation cryptocurrency exchange based on the Solana blockchain to keep up with rising user expectations. Third-generation exchanges seek to address issues with order matching on centralized exchanges and trustless custody on decentralized exchanges.

    As a result, the platform seeks to outperform other DEXs. To achieve that, they enable a new wave of flexible financial markets as a foundational layer for market-making, custody, settlement, and liquidity.

    A DEX of the future

    Soldex, a third-generation exchange, aims to address common user concerns with features such as automated trading, faster transaction times, improved user-friendliness, and anonymity.

    Automated trading enables users to trade in all market conditions, 24 hours a day, seven days a week, without the risk of human error. Soldex’s capabilities will use machine learning and neural network algorithms to allow traders to choose which bots to use based on criteria such as risk tolerance, budget, time frame, margin, and pretty much anything else the user decides. Soldex will provide each user with educational tools for creating their AI-powered trading bots as a secondary step. As a result, experts’ previously only available means will now be available to everyday traders.

    Furthermore, due to its reliance on the Solana blockchain, Soldex offers transaction time and cost advantages over other DEXs. As a result, unlike some of the older systems in place, it will not have any of the commonly encountered infrastructure issues.

    The Soldex team is creating user-friendly and straightforward to navigate. Users of Soldex gain access to real-time transactions, easy deposits via exchange wallets, etc. Furthermore, Soldex will be completely permissionless, allowing anyone and everyone to conduct transactions without the need for Know Your Customer (KYC). Many cryptocurrency enthusiasts have expressed concerns about disclosing their personal information to third parties, but those concerns have now been allayed.

    Its native token, SOLDEX, will support the platform. Users of the SOLDEX currency gain governance rights and other benefits such as profit staking. The Soldex team is currently holding a private sale in which SOLX tokens are being offered to retail investors to participate in this project.

    Continual advancements

    Round, one of the SOLX private sales, is currently sold out to VC funds such as CSP DAO and angel investors such as Evan Luthra. A lot of the excitement has come from true Solana believers wanting to be a part of one of the most well-known Solana projects in Q4 2021. The users can still participate by sending an email directly to the platform.

    Aside from the private sale, the team is excited about their plans for the coming year. These include listings on major exchanges, the MVP launch of their DEX, a collaboration with the Solana foundation, and the launch of a prototype beta version of their AI functionality. With a well-developed roadmap ahead of them, the team has positioned itself to keep its vision evolving in tandem with the ongoing development of the cryptocurrency market.


    Leave A Reply