The Solanium platform (SLIM) is a decentralized platform on the Solana blockchain. The platform will introduce decentralized fundraising, time-weighted token staking and governance voting to the Solana ecosystem. What is Solanium (SLIM) | What is Solanium token | What is SLIM token
In this article, we'll discuss information about the Solanium project and SLIM token
The Solanium platform is a decentralized platform on the Solana blockchain. The platform will introduce decentralized fundraising, time-weighted token staking and governance voting to the Solana ecosystem.
We are giving high priority to both UI and UX, as we think good UI is one of the core principles that are currently lacking or not prioritized in the ecosystem. We feel that this is one of the most important factors to onboard new(bie) users to the Solana ecosystem. The platform will be an all-in-one solution for Solana, with integrated wallet, DEX and transaction management. All major Solana wallets will be supported. The platform will extend any connected wallet with inline wallet management. The user does not have to leave the platform to see token balances, send or receive tokens or manage token accounts. Experienced users can still manage their wallet through their wallet provider, and any changes will directly be reflected on the platform.
The first phase of the platform will be launching a custom GUI for the Serum DEX. Finalized pools can immediately create a Serum market and start trading on the permission-less DEX.
There are currently many hosted front-ends available to trade on Serum, but they are all based on, or forked from, the Serum repository. Solanium will provide a custom Serum GUI, built from scratch. Which will support several key features such as a custom grid, transaction manager, rich data display fetched from the Serum API and partners and will be fully responsive and dynamic.
Screenshot of prototype, not the final design.
Trading on the DEX should be experienced as CEX trading (in terms of UI and UX). We will supply the user with the required information to start trading, and show a quick tutorial on all the functions if it is the user’s first visit on the DEX. Referral fees collected on Serum trades will go the Governance Treasury.
SLIM tokens are lockable for a selectable locktime, with a maximum locktime of 1 year. By locking SLIM tokens in the staking contract, the user will receive a xSLIM balance. xSLIM tokens are not transferrable.
The height of the xSLIM balance is based on the amount of SLIM tokens locked, and the time left before the tokens unlock. The xSLIM balance is linearly decreasing since the time of lock. The SLIM tokens locked can not be withdrawn before the timelock has expired. However, it is possible to extend the timelock or increase the amount of staked SLIM tokens.
xSLIM token qualifies the user for fee distribution, voting rights and exclusive or early pool access.
The core function of the platform will be Solanium Pools. On Solanium Pools, anyone with a Solana wallet can create a pool to distribute a SPL token. We will provide an easy to use UI, where users can set-up their pool with just a few clicks. The UI will also have the option to create the SPL token for the user, if the user did not deploy a SPL token yet.
The team will still manage the front-end, and has the possibility to filter and feature certain pools, but anyone can create a pool on the Solana blockchain and create an own UI to interact with it.
Every pool has a fixed percentage of fees that go to the xSLIM token holders and to the Governance Treasury**.** Public pools will first be opened to xSLIM holders, who get an allocation based on their holding, before opening up to the general public. Pool creators will be incentived to prioritize xSLIM holders.
Example: Pool X raises 10000 USDC, selling 1000 DEMO tokens. 2% of 10000 USDC will be distributed to xSLIM holders and 2% of 1000 DEMO will be put in the Governance Treasury.
The first phase of the Governance will be a mix between a centralized solution and blockchain voting. There will be a centralized app, where users can sign with their wallet and cast a vote. The votes will be saved in the database of the application. This can be compared to Snapshot for Ethereum projects.
We will slowly convert this to fully decentralized application with on-chain voting. The reason behind releasing a semi-decentralized solution first, is because we want to capture community engagement as soon as possible. The application will be open to other Solana projects, that are able to create their own environment on there. The governance will be in charge of the Solanium Treasury. The vote-weight of a user is based on the amount of xSLIM tokens the user has at the time of casting the vote.
Type: SPL Token on Solana Ticker: SLIM Total supply: 100,000,000 SLIM (fixed) Token contract: xxxxa1sKNGwFtw2kFn8XauW9xq8hBZ5kVtcSesTT9fW Initial circulating supply: 30,000,000 SLIM Initial market cap: $6,000,000 USD Private sale price: $0.133 - $0.183 USD Public sale price: $0.20 USD
Both our seed and private sale rounds are distributed over many different participants. By distributing our seed, private and public sales we are trying to create the most fair token distribution on launch possible with no single entity holding large quantities of the supply.
For token vesting, we will use Bonfida's vesting contracts to lock tokens ahead of the public sale. For sake of transparency all addresses and vesting seeds will be published here, but you can already get an overview of it if you take a look at the distribution page in the explorer.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase SLIM from the exchange: ...................
There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once SLIM gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
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🔺DISCLAIMER: The Information in the post isn't financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
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