Slope x SolarDex AMA Recap

Slope Finance was delighted to invite SolarDex Coo John to talk about SolarDex at Slope Finance Telegram Community.

Section 1: Introduction

Hello, Slope community! My name is John, I’m the COO of Solar Dex. My background is in online business management and financial management. I have been an investor in cryptocurrency for a few years now, probably 3, and have overseen and been involved with projects for roughly a year now. In Solar Dex, I have a jack of all trades role, doing work everywhere and anywhere necessary. The CEO is Richard, who has an extensive background in cyber security, and the CMO is Ian, who is a whiz marketer!

Section 2: 6 questions to help Slope Community know more about SolarDex.

Q: When did this project first come together?

The project first was being formulated in October of last year, and by the end of the month, it was a solid plan. By November we had articles out from multiple major publications despite not even having a product out yet. In fact, we applied to get on Coin Market Cap before even launching the token, and we were accepted within 4 hours.

Q: Can you share more about your team?

The team has varying degrees of experience, but we all are completely competent. I have been overseeing projects for a year, mostly on Ethereum. Richard and Ian have been successfully overseeing and running projects on Ethereum and Binance for two years, and that’s only taking into account our crypto-related experience. We all bring different working traits in from our other jobs.

Q: Can you share more about SolarDex? How does it work?

Solar Dex is the first US-based true dex on Solana. We are featuring a highly user-friendly friendly interface (some specific people have seen this and given highly positive feedback) and we will also function as a Launchpad for other projects. The main objective of Solar Dex is to stop rug pulls and scams from migrating to Solana, via a mandatory 3-month liquidity lock. Solana is a network that tends to be more serious, whereas Binance and Ethereum are home to meme coins. We are marketing to both serious Solana members and fun-loving Binance and Ethereum users, all while keeping a heavy vetting process to keep scams off our exchange. The liquidity locks will work wonders.

Q: What differentiates you from your competitors?

Largely the liquidity locks. No other exchange out there forces liquidity locks because it goes against their financial incentives. It requires a third party to be paid to come in and lock liquidity, whereas we provide this service for free. Not to mention, we will have a much smoother running and user-friendly interface than the likes of Raydium and Orca. Our community has had overwhelmingly bad experiences on other Solana exchanges, making us a beacon of hope for them.

Q: When can we expect a full dex launch?

A full dex launch could be expected around February 10th. It was going to be the end of January, but development attention was turned to staking. For more info on staking, view our latest Inter Solar podcast.

Q: Can you please share more about your partners?

Yeah, for sure. We have partnered with major up-and-coming projects, such as SolanaCash, which aims for absolutely gigantic and revolutionary things. But the biggest happening in the Solliance, is a partnership between 12 up-and-coming Solana projects aiming to make our names known in the Solana Ecosystem. Solana currently backs the same 10 projects, not letting anyone new in. So the efforts to cross-promote the market will be hugely beneficial, especially when covering costs for articles from the likes of Cointelegraph.

I also assume that people in this community like NFTs, correct? I have two words. Solar Verse.

Section 3: Community Live Question

Q: While you build your project, do you take into account community feedback and demands?

100%, that’s one of the biggest focuses. Come check out our telegram community, I’ll drop the link in here. We keep an active presence on all social and ask for feedback. The community helped us shape how our staking will function.

Q: What do various centralized exchanges list Solar on? tell me some name massive pls?

Currently on LBank, and attracting the attention of major CEXs. We have been put in contact with a Coinbase representative through one of our amazing partners! So we are eager to see where that leads.

Q: What is your strongest advantage that you think will make your team lead the market?

Our security measures, for sure. Many community members, including myself, have been burned and scammed, and we are the only dex actively trying to put a stop to that.

Q: What is your strongest advantage that you think will make your team lead the market?

Our security measures, for sure. Many community members, including myself, have been burned and scammed, and we are the only dex actively trying to put a stop to that.

Q: Can you share with us your tokenomics? How much is the total and circulation supply of your tokens? Will there be a buyback system or token burning in the future?

No buybacks or burning are planned. 100 million total supply for Solar, roughly 85% in circulation

About SolarDex

Solar is the first US-based Solana Defi exchange that enables users to trade tokens on the Solana network. Solar plans to eliminate rug pulls by having our smart contracts automatically lock liquidity at a minimum of 3 months.

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Slope Wallet — your web3 navigator. For the curious! The easiest way to discover web3 applications from one secure place.

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