The major products Solster trying to build are :
- IDO Launchpad for solana projects
- DEX for Crypto Trading
- Token Swap
- Token Staking
- Lottery System
- Token Vesting
What is Solster Finance:
Solster Finance is an ecosystem that helps investors to diversify their decentralized finances (DeFi). Solster IDO Launchpad is a decentralized platform for fundraising which is built on the Solana blockchain with guaranteed token allocation to participants. Solster ecosystem incorporate decentralized exchange (DEX) for crypto trading, token swap, token staking, token vesting and lottery platform
IDO Launchpad on solana: Why to choose Solster
Before Launchpads there used to be ICO, IEO etc. The thing is, as it is centralized, it will have many restrictions for the users to participate. As decentralized Finance is leading space in crypto there we have seen the rise of Launchpad in recent months to be precise this year more.
Launchpads streamline the process of attracting the crypto community and raise funds effectively.Many of the upcoming projects choose decentralized ways to raise the funds. So, Solster IDO Launchpad was designed with the speed of Solana, trust of Smart Contracts, and flexibility of decentralization in mind. It is a truly decentralized platform aimed to take a better approach and help Solana projects to garner crowdfunds. Further, the IDO launchpad from Solster resolves the issues in existing launchpads as listed below and makes the platform an overall better choice.
Why to choose Solster Launchpad : Main focus
- Informative Launchpad application
Many Launchpads do not even expose the project and start raising the funds. The understanding of the project is very important so Solster has a clear Launchpad application. IDO application form will have everything listed on it — competitive pricing, application timeline, defined timescales, and documentation.
2. Equal Opportunity for IDO Investment:
Solster offers healthy opportunities to private and public sales investors by limiting the investment cap. It’s undertaken in a fair approach to purchase IDO tokens.
3. Guaranteed Allocation to All Participants::
We have seen many Launchpad recent times where most of the allocation was given to whales. This is a very bad situation for both the community as well as the project. There will be heavy fluctuation in prices, pump and dump possible. Small holders of launchpad tokens will not get allocation in the many launchpads, This is a bad situation in many launchpads. Solster came up with the innovative idea of Guaranteed Allocation to All Participants. A Three round sale will happen round 1 will be dependent on staked quantity and round 2 is open for every holder of $STR.
4.Improved DEX UI/UX:
Many Launchpad are very difficult to understand for new users there by favouring the pro traders which seems somewhat unfair. The advanced UI/UX on Solster helps every new trader understand the interface easily. It will give a comfortable experience to use the trading window.
5. Anti-Bot Program:
The major issue in decentralized Launchpads are Bots, Bots will be ready to get every allocation on a particular launchpad which makes the project pump and dump easily and also genuine users miss the opportunity for the allocation. Putting it on pause, Solster came up with the Anti-Bot program , Advanced system to prevent or filter the automatic program (bot) to participate in the IDO and trading process.
6. Investment security:
Releasing IDO raised amounts to Projects based on milestones to ensure all the users funds are safe and cannot be misused. Team at Solster will find out the win-win solution for IDO and Investors.
Overall , On briefing, The Solster aims to provide a platform which helps to fair fund fund raise for the upcoming Solana projects with the fair allocation strategies by different rounds , preventing bots and whales from getting the allocation, and providing an easy user interface for every new trader to understand well, along with high investment security.
DEX for Crypto Trading:
As all of us know the DEX has high importance in crypto ,because all the new and emerging tokens will not be listed on Centralized exchanges due to their limitations and Regulations. So most of the newly created projects will be only available on DEX to trade. Solster has dex where we can trade the tokens using buy/sell . At present Solster is using serum DEX to place the instantaneous market orders based on market id. Solster DEX will make open Serum DEX. The platform will improve trading features and rich UI designs. It will also offer a custom UI where the participants get to design their DEX screen based on their needs.
The key things integrated with Solster Dex:
STR: Solster STR tokens will be the utility tokens fully integrated with the Sol-based DEX platform. It will also benefit buy/burn fees.
Cross-Chain Swaps: It allows the exchange of assets between multiple chains trustlessly.
Order book: An automated decentralized full limit order book.
Solana Integration: It will make the Sol-based Solster DEX fast & efficient.
Users can find their Crypto trading experiences on Solster DEX the same as on the CEX platform when it comes to user-interface. The platform offers the required information and tutorial to start trading. This is beneficial for the first time visiting users in the Serum-based DEX.
At present the Solster is in testnet phase , Soon we will be able to see the mainnet and participate in different fundraising programs and use different DeFi products built on Solster.
Token Swap:
Solster Token swaps platforms are used for private and public token swaps. Private token swaps are only available to the users with token purchases and public swap is available to everyone on the Solster platform.
Token Swap is feature driven by liquidity pools on the platform , so to make the trading more smooth we need more liquidity on the platform , indirectly we need more liquidity providers . So, To attract more LP providers and enhance the smoothness of trades, Solster users will be charged a paltry cost of 0.2% trading fee for swapping one token for another of which 0.15% shall be redeposited into the liquidity pool. This redeposited amount in the pool will be used as a reward for liquidity providers. 0.05% of it will be sent to the staking pool and act as reward for staking STR tokens. The swapping is done through the Smart Contract (SC) protocols. The SC protocol fastens and cheapens the entire process.
This process helps the LP providers earn some passive rewards and also helps Solster run smoothly. Here is a win-win situation for both the user and platform.
Token Staking:
Staking programs are very much needed for every project. It will help to drive the demand and motivate the holders to look for long term benefits other than short term profits, This can be achieved by providing staking rewards for the holders which motivates them to hold long term.
Solster provides a user platform to stake Solster tokens for the selected locking period. Users will be given exclusive benefits for holding and locking tokens in the staking contracts. The total rewards offered by the platform is based on “The number of locked tokens” and “The time period for the token unlock”. The rewards linearly go up and down depending on the time period remaining for token unlock.
The users are eligible to receive the Airdrop from new crypto projects on the amount staked by the users. The users are also qualified for:
- Fee distribution
- Voting rights
- Access to exclusive pools
Lottery system:
Solster also offers a peer-to-peer lottery giveaway. It shall operate daily/weekly/monthly pooled giveaways compatible with various Sol tokens. The lottery giveaways with Solster have great transparency that’s unlikely to find with traditional lotteries.
*Solster lotteries remove the need to trust intermediaries as with traditional lotteries.
*Solster will reduce administrative fees and expenses.
- The lottery giveaways are structured in a meaningful way.
Token vesting:
Token vesting is very important when we speak about new projects to prevent pump and dump of tokens by private and public sale investors. Non-Token vesting projects lead to a huge dump on public buyers. So, Solster has come up with a Token Vesting strategy.
Solster uses Bonfida token vesting mechanism to lock and release tokens.
Solster will have its own vesting mechanism in the future. We have already mentioned in the roadmap to prevent market damping and token manipulation. It’s to ensure the prices of tokens remain stable and don’t fall sharply.
Community Driven:
Solster is very active in conducting pools via twitter, Continuously striving to develop the product as per the needs of the users which was collected from polls and surveys done by the team. We can say that this is a very revolutionary implementation done by solster for the mutual growth of community along with the product.
Solster token ($STR) and tokenomics:
STR will be a governance token used to govern the Solster Protocol. It will also be used to incentivize protocol usage, bring in more liquidity & grow the ecosystem. The STR token will be heavily integrated in the protocol and is going to be the backbone of the platform. Holding and staking of STR will also have use cases such as Fee distribution, voting rights, Access to excessive pools of upcoming projects.
Chance to acquire the $STR tokens:
There is an ongoing airdrop at present with a pool of 100k STR .
Participate here: https://sweepwidget.com/view/32734-t7eu89l6
Roadmap:
Backer and partners :
ChainFlow Capital, Synaps, SWGI, Pariq, Bitmart, Wisepicks
Notables:
>Solster succesfully complete the private IDO sale with in 30 mins duration.
> Solster has reached a 59k+ followers on twitter and 38k+ members in the telegram group.
>Solster announced that #Solster #DeFi Ecosystem will be integrated with coin98 wallet , to explore multichain #dApps and connect users to the crypto world safely and securely.
>Solster has successfully closed private sale on Safelaunch
>Solster secured the spot in the #Bitmartmainnet2021 event , One among the 4 other winners of solana ecosystem, which was decided by community voting.
>strategic partnership with @parsiq_net
Official Links:
website: https://solster.finance/
Twitter: https://twitter.com/solster_finance
Telegram chat: https://t.me/solster_finance_chat
Telegram channel: https://t.me/solster_finance
