Solomonic Exchange Announces the Launch of Dex Amm Platform with DeFi

Solomonic Exchange to Announce the Launch of Dex Amm Platform with Defi Protocols on 2nd Of March 2021 | 17:00 Cet.

WILMINGTON, Del., Feb. 05, 2021 (GLOBE NEWSWIRE) — With the bull market pushing ETH price to $1,500 and the average network transaction fee climbing over $15, DeFi market heightens the entrance barriers for the traders and developers. Meanwhile, Solomonic Exchange announces the launch of the DEX AMM platform with a gas fee compensation mechanism, opening broader horizons for DEX traders.

Platform allows users to trade and exchange cryptocurrencies on Ethereum and Binance Smart Chain networks. Its primary goal is to ensure each user’s fair right to vote for the platform’s future in the governing DAO and democratize trading for the market participants.

MAIN FEATURES ANNOUNCED

Coinbase 2

Solomon’s Gift

Solomon’s Gift is a token allocation mechanism, which links the extent to which users participate in the project’s governance to the frequency of the platform’s utilization and compensates the Gas fees for L1 users with the project’s tokens, REFUNDs.

REFUND is a platform-native functional utility token and is not and never will be subject to sale in form of public sale or private placement. Users can claim REFUNDs to their wallets as compensation for their Gas fees at the rate of 1 REFUND = 1 DAI.

The users of Solomonic Exchange would be able to stake their token in exchange for the time value of voting power and use it in curating the further development of the platform and addition of the new features. Thus, the most active users can have more weight in decision making.

The seed team of Solomonic Exchange includes Denis Smirnov, Roman Sivakov (Obitel Roads, Fintech & DeFi R&D Laboratory), and Guy Yanpolsky (YAFO Business Agency). Currently, the protocol is available in alpha version.

Social Media

Medium: https://medium.com/@solomonic_eth

Twitter: https://twitter.com/solomonic_eth

Linkedin: https://linkedin.com/company/solomonic-exchange

 

Solomonic Exchange Announces the Launch of Dex Amm Platform with DeFi 1
blank
About the author

Brent Dixon is the owner of E-Crypto News and an early adopter of cryptocurrencies. He is a Book editor- that has edited numerous books on Cryptocurrencies. He has been a writer for more than 30 years. Covering everything from Jazz Music to Blockchain Technology. He currently lives with his wife on Miami Beach, Fl.
blank

E-Crypto News Executive Interviews


blank

bitcoin
Bitcoin (BTC) $ 39,798.00
ethereum
Ethereum (ETH) $ 2,644.37
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 335.60
cardano
Cardano (ADA) $ 1.33
xrp
XRP (XRP) $ 0.753292
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.206342
polkadot
Polkadot (DOT) $ 18.34
binance-usd
Binance USD (BUSD) $ 1.00
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 39,798.00
ethereumEthereum (ETH)
$ 2,644.37
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 558.09
litecoinLitecoin (LTC)
$ 144.34
bitcoinBitcoin (BTC)
33.536,70
ethereumEthereum (ETH)
2.228,34
tetherTether (USDT)
0,842673
bitcoin-cashBitcoin Cash (BCH)
470,29
litecoinLitecoin (LTC)
121,63
bitcoinBitcoin (BTC)
28,621.37
ethereumEthereum (ETH)
1,901.74
tetherTether (USDT)
0.719166
bitcoin-cashBitcoin Cash (BCH)
401.36
litecoinLitecoin (LTC)
103.80

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

blank
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
blank
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021
Crypto Scams On The Rise As Market Enters Bull Cycle
Crypto Scams On The Rise As Market Enters Bull Cycle
December 22, 2020
Harpreet Singh Sahni perpetrated the Plus Gold Union Coin (PGUC) scam
Sydney Concert Promoter Harpreet Sahni Involved In $50M Crypto PGUC Scam
November 2, 2020

Blockchain/Cryptocurrency Questions and Answers

Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021
blank
What Is Plethori Platform And How Does It Work?
June 12, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d

bitcoin
Bitcoin (BTC) $ 38,530.00
ethereum
Ethereum (ETH) $ 2,487.08
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 322.21
cardano
Cardano (ADA) $ 1.30
xrp
XRP (XRP) $ 0.715662
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.198469
polkadot
Polkadot (DOT) $ 17.41
binance-usd
Binance USD (BUSD) $ 0.999939