AMA Recap: CRYPTO MINERS X SOLAR DEX
SolarDex is the first US-based Solana Dex that offers one of a kind safe
platform. Solar eliminates the need for third-party Liquidity locks by
making it mandatory for every liquidity pool to lock for 3 months. SolarDex will allow any third-party manager to develop and supply actively managed funds or passive, automated investment pools, letting users engage in a wide range of assets and protocols, both native and off-chain, through SolarDex.
We hosted an AMA session with Solar DEX on 23rd December at 10:00 AM UTC.
Mr. Ramsy was the host from Crypto Miners and Moon was our guest. He shared delightful knowledge and unique features of Solar DEX.
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Segment 1️⃣: Introduction
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Ramsy:
Hello everyone 👋 and welcome to the Crypto Miners AMA session With SOLAR DEX
Thank you all for joining us today❣
To help us learn more about the featured project of this AMA session, we are lucky to be joined By The Moon , Welcome to our community 🤝
The Moon:
Good morning everybody, thank you for hosting me
Ramsy:
its my pleasure ❤️
Wolcome here
Thanks for bringing us SOLAR DEX ❤️
I'm pretty sure that our AMA participants are very much excited to learn more about SOLAR DEX, so let's get started if you're ready
Are you ready to begin ?
The Moon:
I'm ready
Ramsy:
Q1) Can you give a brief explanation about 'SolarDex' .What popped up in your mind to create such a platform in this Space?
here is the first question:)
The Moon:
Solar Dex is on track to be the first US based dex on the Solana network. Our native token in Solar, which has already launched. The team saw a massive issue with decentralized exchanges on binance and ethereum, where rug pulls and scam artists could easily get away with robbing people, and while Solana is a young network, it could happen here too. So we saw it as being necessary to create an exchange with a few crucial steps in place to prevent that from happening
Ramsy:
Q2) So what are your main features and advantages that discern you from other projects?
The Moon:
It largely comes down to automatic liquidity locks. Everywhere else, regardless of dex or network, liquidity locks come at an extra cost, so most projects don't include them. Furthermore, exchanges have no incentive to lock liquidity because they could rake in trading fees. Solar Dex will incorporate automatic 3 month liquidity locks in an effort to prevent rug pulls from being done, since every scam that we are aware of has been pulled within a month, let alone three. Furthermore, the current dex's on Solana aren't user friendly, as many of our community members found out with our tokens launch.
Ramsy:
Q3) How has the experience and background of your team been effective in the success of your project so far?
The Moon:
Our devs are contracted out, they are not a part of the main team. The main team consists of three members, @RichardCEOOfficial, @SolarDexCMO, and I. Our CEO has a programming and software defense background, he has been involved in the defi space for years and is an excellent leader. Our CMO is a marketing wizard and a great people person, who is always making new connections to help the project along. I am a jack of all trades, as I have fulfilled every role at one point or another. Together with our individual strengths, we get a lot of work done. We have all been involved in defi for at least two and a half years. I can't stress enough how well we work together, how cohesive we are.
Ramsy:
4) Now Share us about your Native token, What are the some of utlities of $SOLAR Token in Your Ecosystem? And if possible share to us the Tokenomics
The Moon:
The use cases and tokenomics can be found on solardex.finance, but I can share them here as well. $SOLAR will be used for governance on the site, staking, trading fees, lottery, etc. It will be necessary to hold when using our exchange. Our tokenomics are set up as follows: 55.7% tokens for sale, 20% liquidity, 4.29% staking, 5% team, 15% centralized exchanges, with a 100 million token max supply.
Ramsy:
5) So how long did it take to develop this project? What plans do you have for the future? And what can we expect from SolarDex? If possible could you please share road map with us.
The Moon:
The idea was first formulated around September, in late October the idea was pitched to a Twitter spaces group and it had amazing reception, and in November we began contacting investors and partners, as well as applying to CMC, since at that point we were working on this project full force. Our road map can be seen on solardex.finance. We have hit all of our 2021 goals, leaving us with high aspirations in 2022. By halfway through January we will have a beta launch of the exchange, which we will stress test and adjust accordingly. We will continue to build partnerships and market ourselves, as well as begin developing a bridge from Solana to BSC. Shortly after the beta testing, our exchange will launch. We are also actively talking to various centralized exchanges to list Solar on, the next one will be massive.
Ramsy:
Thanks for this well detailed introduction about SOLAR DEX)
That's the wrap up of our the first part of the AMA session ✅
Let’s now proceed to our Twitter Questions section, i hope you're ready for that!!
The Moon:
Let the questioning commence!
Segment 2️⃣: Twitter Questions
Ramsy:
1) Among the characteristics of Solar Dex is that of ordering books, the main product being the SolarDex order book. So, I would like to know how it works, can you describe the essence and benefits of the SolarDex order book?
The Moon:
The order book simply gives more details and information to work with regarding trading. For example, think of Raydium. While I know we will be more user friendly than their exchange, notice how the have a swap section and a trading section? The order books are in the trading section, and the benefits are simply the data you see charted before you.
Ramsy:
2) Collaborations and partnerships are some of the most important cornerstones to help improve adoption. Can you tell us about your current partners, plans for partnerships and what everybody stands to gain from these partnership??
The Moon:
We have a couple partnerships we are pursuing right now, and I refuse to disclose who they are before it becomes official, but believe me when I say they're MASSIVE. We are currently partnered with a couple projects such as Hoge, SolanaCash, and another startup on Solana. The roles we take largely depend on who we are partnered with, but we at Solar Dex mostly take an advisory role in the partnership in exchange for a tokens exclusive listing on our Dex.
Ramsy:
3) What are the highlights of #Solardex technology and products that you believe will help you succeed? How revenue does Solardex generate to sustain the project, and what plans do you have to attract more users in the future?
The Moon:
Our automatic liquidity lock feature is a massive highlight, and people will be attracted to our project because they are tired of getting burned. When we reach the trading volume of Raydium, we will be plenty sustained. Crunching the numbers, we can quite easily pass that within a few months. We will also market to Ethereum and BSC users, where the "meme coins" are frequently found. We want to make Solana fun for everyone while keeping it safe.
Ramsy:
4) so solardex is all about solana network right, may i know where can i buy Solar currently? which wallets supported as of now? can you send me a detailed overview of the buying process including contract address, supporting wallets, and cex/dex?
The Moon:
Yes, Solar Dex is on the Solana network. We are currently tradable on Raydium and LBank. Phantom, Slope, Sollet, Solflare, are all accepted. I have a list of accepted wallets, there's about 10, but I can't find it right now lol. Come to our telegram Chat and type /contract, copy and paste it into a wallet if it isn't already whitelisted and you can see info there.
Ramsy:
5) Solar is the first US based Solana Defi exchange that enables users to trade tokens on the Solana network.can you explain why you choose to launch your initiative in the solana network? is there anything special and uniquein your platform while comparing to other existing Dexs?
The Moon:
We chose Solana because it is young and promising, loads of potential on here. It isn't oversaturated yet. Our automatic liquidity locks make us stand out from other dexs.
Ramsy:
Thanks for Your Valuable Answers❣
And that's the end of our twitter question segment
Moving on to our last segment - Live Q&A. If you are ready
The Moon:
Ready
Ramsy:
Let’s go,
Segment 3️⃣: Live QnA
(In this segment group was opened for 60 seconds and Miners sent hundreds of questions. Guest choose some best to answer)
1)What is your top 3 things for priorities in 2021? Could you share some plans for the upcoming year?
The Moon:
1. The launching of the exchange, obviously
2. Successfully bridge to BSC
3. Get listed on a top their Centralized Exchange
2) Can you please explain what are the advantages of using your Platform and is it friendly for beginners like me?
The Moon:
We are aiming to be very user friendly, Raydium wasn't all too kind to people who used it that were trading for the first time. We are trying to keep you safe and make it easy to use.
3) How important is the community to Your project? and How can we collaborate or help share token for the development of the project?
The Moon:
Community is everything in a crypto project, without a community then we have nothing. Tag us in posts of other projects to spread awareness.
4) Currently how many team members are engaged in mars ecosystem?
The Moon:
There are 3 main team members managing the project
5) Do you have any YouTube channel, or website for this project??? From where, we can learn something???,"
The Moon:
Solardex.finance, our YouTube channel is
https://youtube.com/channel/UCH3SnjVrZJVWcuNV2u07PWQ
Inter Solar Podcast
*This segment ends here*
Ramsy:
Thankyou so much For your valuable answers and information about solar dex,
It Was Pleasure Hosting An Ama With You.
The Moon:
Thank you for hosting me, the pleasure is all mine
Ramsy:
Is there anything else you would like to share or you want us to know ?
The Moon:
Join our telegram, follow our Twitter and YouTube to keep up to date. Major things are happening behind the scenes right now. That's all.
Ramsy:
Best of luck for the future 🚀🚀
Community, if you would like to learn more about SOLAR DEX, here are some useful links for you:
Telegram: https://t.me/solardexofficialchat
Twitter: https://twitter.com/solar_dex
Website: http://solardex.finance/
