Solanax (SOLD)

Solanax is a Solana blockchain-based automated market maker (AMM) that uses the decentralized exchange’s central order book to facilitate lightning-fast trades, pooled liquidity, and additional features for earning income. Solana was chosen as the underlying blockchain to enable low-cost and high-speed transactions. It is a permissionless, high-performance blockchain based on Proof of History (PoH).

Solanax offers nearly-zero fees to provide liquidity to an AMM pool, farm the LP token, and harvest the rewards. Many DeFi AMMs provide similar features, but Solanax aims to solve the issue of limited liquidity by allowing traders to avoid paying for slippage on the DEX. The platform also offers the ability to specify the number of tokens to be traded and the amount of slippage, ensuring that orders are not wasted.

Solanax has a roadmap that includes plans for platform incentives, marketing campaigns, the development of a voting framework, integration of a bridge between two blockchains (ERC-20 SPL), and listing on major exchanges. The team is focused on implementing Solana Blockchain (PoH), launching the DEX and AMM liquidity pools protocols, and providing a simplified user interface (SUI). The ultimate goal is to become the fastest decentralized exchange built on the Solana blockchain.