Solanium Development Updates
Solanium, a decentralized fundraising and trading platform on the Solana blockchain just turned 1 year old and they thought it is a good time to provide their community with an update about its platform.
Since their very first launch months ago, they have grown to be the top premier launchpad in the Solana space, with over 30 high-quality projects in their portfolio and more than $13M raised by its fundraising platform.
According to the most recent data derived from Cryptorank, they are ranked second among the top 3 launchpads that have the highest performance in terms of average all-time-high returns on investment.
These are just a few of the many accomplishments that they are so proud to share. Most importantly, they want to express their gratitude to the Solanium community, as they would have not made it to where they are today without their unwavering support.
What Solanium got for the Community
Release pending rewards
They are aware that the community has been requesting this for a long, and now you will no longer have to wait.
Pending rewards are scheduled to be released 2 weeks from now.
Staking Rewards
Besides building a go-to platform in Solana and beyond, they also mindfully focus on refining their token economy to make it both sustainable and beneficial with long-term value.
As such, they have pivoted to using a new rewards system that will launch in May, in which APY will be replaced by advisory tokens that come from our projects within the Solanium ecosystem. It would be a bold but efficient move.
HODL Index
As part of their Tier mechanics overhaul, they will introduce a brand new parameter into their staking system, which is the HODL Index.
HODL Index is an evaluation methodology that calculates the ratio between the lockup period and the participation rate of a user. If a particular user achieves a good result on the HODL Index, they will get more chances to win the whitelist and more rewards in advisory tokens. On the contrary, users will get a lower winning rate subsequently if they participate less in project launches.
For the most part, this HODL Index will be an element added to the Tier framework that will benefit all loyal community members who are willing to grow Solanium together. HODL Index is expected to be applied in Q2.
About Solanium
Solanium is the go-to platform for the Solana blockchain. Invest in the hottest Solana projects, stake your tokens, trade on DEX, manage your Solana wallet and participate in (future) governance.
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