Despite The Bears We Keep Building

Dear Soldex community,

It has been a hell of a week!

The recent bear market, Luna crash, UST depegging, people getting rekt and lots of other FUD news flying around. These past 2 weeks seem like light years in crypto space.

We understand that it has been tough on all of you. We want you to know that we’re resolved to keep working even through this bear market. We are committed to keep building, and we will build our way out of this.

First, a review of the current market situation:

As of writing this, Bitcoin is trading at $29,120.94 and SOL trades at $50.87. SOLX trades at $0.01004. This is a significant deviation from its price ($0.101) before 2022’s bear market.

Following the recent crash of Luna and UST, there have been lots of uncertainties in crypto space. Some people fearfully think other blockchains may also experience a similar crash.

We understand your fear and nervousness over the price of coins, especially $SOLX. But unfortunately, there’s nothing we can do to influence prices, as the entire crypto market is on a downward spiral, and BTC draws every coin down during a bear market.

However, we can reassure you that we stay building despite the current market conditions.

On the doubts about the stability of the Solana blockchain, we are positive that Solana is extremely capable of weathering any storm. We have faith in its incredible infrastructure. Despite SOL going down 50%+ from its ATH, we believe that its technology makes it strong and stable, and once the time is right, its price will skyrocket as it did before.

On the doubts about Soldex because of price action, you should know that we are working at maximum.

Despite the recent crash, we keep building.

Some good news:

Farming functionality

Our developers are currently working on our farming functionality, which will be live soon.

Here’s an early sneak peek:

Over 50 million SOLX staked!

We are proud to announce that you have staked over 50 million SOLX in our staking pools.

Find out more information here:

https://staking.alfprotocol.com/solx

A bear market is a time to build, which we’re doing.

Remember that the team and project do not affect a token’s price, especially in a bear market. Price movements depend on the market alone.

But when the market turns green once more, we expect that our current work will positively affect SOLX price action.

We appreciate your continuous support even now when things seem bleak. We are here to stay, and we will build our way out of this market.

About Soldex

Soldex is the fastest, easiest, and most user-friendly third-generation DEX being built on Solana.

Working on all market conditions, 24/7, with emotionless machine-learning and neural network algorithms, Soldex is the next step in DeFi evolution.

Soldex will resolve the issues faced by order-matching centralized exchanges and trustless custody within current decentralized exchanges.

For more information on Soldex, please visit our website. You can also follow us on Twitter, Facebook, Telegram, LinkedIn or Medium.