LABEL Foundation is thrilled to announce that they have managed to establish a collaboration with Solanium Ventures, as LABEL secured a strategic investment from one of the largest Solana-based DeFi platforms. Solanium is the go-to platform for the Solana blockchain, which allows its users to invest in the most prominent Solana-based projects via its IDO launchpad. Solanium has joined as a strategic advisor and early investor of Label, being the first of many steps to bring LABEL to the next level and grow the MOOC ecosystem as a whole.
The Solanium backing LABEL Foundation
Solanium is an Amsterdam-based platform for decentralized fundraising, time weight token staking, and governance voting in the Solana ecosystem. The LABEL Foundation has managed to onboard the Solanium as a strategic advisor and early investors, which will ultimately become the major pillar that will initiate the next-level multichain growth in LABEL’s protocol.
Solanium’s decentralized platform includes additional features such as DEX user interface, wallet management but most importantly it serves as a launchpad. In fact, we believe that Solanium is one of the most robust launchpad platforms on Solana’s Network. Essentially, they help investors discover promising early-stage projects. Although LABEL Foundation will not be conducting its IDO on Solanium’s platform, their participation in their growth as early investors and advisors will help them significantly to enhance our multichain initiative.
With Solana’s ecosystem growing at an exponential rate, they pose themselves as a direct competitor of Ethereum. Capitalizing off of this momentum, new projects bring innovation to these layer one projects but oftentimes lack a strong launchpad to gain the initial traction for growth. This is where Solarium comes in. Through this collaboration, LABEL will be able to have an expanded amount of resources facilitated by Solanium. They have a strong community-centric platform which rapidly accelerates the growth of projects in their platform.
About Solanium
Solanium is a platform launched in May 2021 for fundraising and trading on the Solana blockchain. Their mission is to make Solana accessible to anyone, through a strong focus on UI/UX, strong partnerships and integrations to the Solana ecosystem. Users can stake their SLIM token to receive xSLIM, allowing them to qualify for fee distributions, airdrops and governance voting.
