SolanaCash and Solar Team Up: An Innovative Idea on Expanding the Solana Ecosystem – Yahoo Finance
New York, New York–(Newsfile Corp. – December 15, 2021) – SolanaCash is the first decentralized P2P cross-chain global payment system that aims to accelerate the adoption of Solana by adding more transaction capacity to the network. With Solana being one of the fastest blockchain, the project’s mission is to make the technology widely accessible to the masses through their core products by developing a user-friendly mobile-app to facilitate peer to peer payment systems enabling users to send and receive funds securely with less than $0.001 in transaction fees.
SolanaCash and Solar team up
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The core ecosystems of the project include:
SolanaCash app: User friendly mobile app to send and receive funds safely with maximum security, making payments as flexible as possible.
Solcard: A debit card to spend and make purchases online anywhere and anytime using SolanaCash.
Bridge: SolanaCash will bridge with multiple blockchains such as BSC, Etherium, Matic etc
SolanaCash Staking Platform: Offering various staking options at attractive APR and earn passive income.
Dex and Swap features: This will allow its users to move tokens between networks in a quick and cost efficient way.
Decentralized Finance (commonly called Defi) has become a game-changer for the cryptocurrency industry. However, it has come up with some unfortunate flaws. Several projects have fallen victim to the infamous rug pull schemes. For instance, two exchanges like Pancakseswap and Uniswap are out there, which have billions of dollars in volume and are using this money for making a lot of profit. But, unfortunately, they are still not able to protect their customers.
Due to these issues, Solar Dex came into being. The main objective of Solar Dex was to limit the amount of scams taking place on Ethereum and Binance and having them migrate to Solana by incorporating automatic liquidity locks for pools. By eliminating the need for optional liquidity lockers, Solar plans on making them mandatory at a cheaper rate than most lockers.
Solar Dex’s main objective in the Defi space is to be the Uniswap of Solana. The accessibility and usability for Decentralized Exchanges on the Solana network are very limited. Moreover, many investors in the Defi space are new to cryptocurrency, and they require a simplified way …….