Soldex partners with Synapse Network for its IDO
Soldex’s IDO, which is planned to launch on the 8th and will be available until the 10th of December 2021, will include 4,166,666 SOLX tokens, making 0.8% of the total supply. SOLX tokens will be available at this public offering at the price of 0.12 USDC per SOLX token; the IDO is expected to raise 500,000 USDC.
The team at Soldex believes that the partnership with Synapse Network will surely set the success of this IDO in stone, a move that will provide higher exposure to the project’s IDO and a proper introduction to its features and advantages to a broader segment of potential users.
Synapse Network is a platform that aims to become an effective cog in backing Decentralized Finance (DeFi) projects; it hopes to bring support and regulation to decentralized financial institution space. Synapse consists of a team with over 20 years of technology, banking, and blockchain hands-on experience.
Synapse connects all smart-contract-based blockchains to a new world of fundraising capability, allowing everyone to invest at any level of a project’s development thanks to a democratized tier system created from the ground up.
IDO Information Highlights
- Date: 8–10 December 2021
- Tokens Offered: 4,166,666 SOLX
- Allocation: 0.8% (From Total Supply)
- Price per Token: $0.12
- Target (Raise): 500,000 USDC
In order to keep up with the growth of the crypto market, cryptocurrency exchanges have been forced to innovate in the past decade. The current order matching and trustless custody within the current decentralized exchange are the problems that the third-generation cryptocurrency exchange aims to overcome.
By serving as the primary layer of settlement, market making, custody, and liquidity, the soldex.ai agreement will promote the next wave of flexible financial markets. The new generation of market makers will have their algorithms. Users will be able to personalize their trading strategies and risk exposure while maintaining custody of their funds. In addition to exchanges, companies such as over-the-counter trading desks and market makers can simplify complex settlement workflows that often involve slow and error-prone manual operations without losing assets.
Find out more by visiting Soldex’s website.