How to Buy Solanax Crypto (SOLD)
What is Solanax(SOLD)?
According to Coingecko, Solanax is : Zero front-running, fearless trades, minimal slippage, support for market makers and trading bots with interoperability are all features of a rapid unreliable cross-chain DEX with a built-in order book for establishing stop losses and profit-taking levels. Liquidity providers are incentivized to provide liquidity to low-volume assets for higher rewards, as they receive a share in proportion to the volume they provide to the pool. The DEX fee distribution is 0.3% for the taker and 0.2% for the maker. SOLANAX, as well as providing the fastest DeFi protocol presenting AMM and DEX, will implement a wormhole bridge to access the entirety of crypto assets generated on the Ethereum network. The Wormhole is not a blockchain network, so it can safely depend on consensus and finalization of the chains that it bridges. SOLANAX is truly decentralized since all guardians perform the same computation upon observing an on-chain event and sign a so-called Validator Action Approval. Should a two-thirds majority of all guardian nodes observe and sign the same event using their individual keys, then it is automatically validated by the Wormhole contracts on all chains and triggers a mint/burn. SOLANAX is nothing short of ambitious than being one of Solana’s network-leading AMM and DEX platforms, with this project we are attempting to eliminate centralized intermediaries and to pave the way for full decentralization, censorship-resistant, and safe trading within the Solana ecosystem. SOLANAX users will be able to effortlessly execute smart contract-based trades instantly and only at a fraction of the cost of the Ethereum network in comparison. Our end goal is to create an open-source liquidity and DeFi protocol that offers attractive interest rates in order to attract investors, as well as a protocol that the Solana community can easily adapt and reuse for future projects. Our main advantages are that we are faster and cheaper: We use the Solana blockchain’s efficiency to achieve transactions who’s are substantially faster than Ethereum, with gas prices that are a fraction of the cost. A central order book is needed for ecosystem-wide liquidity: SOLANAX provides on-chain liquidity to the Our own DEX’s central limit order book, giving Raydium SOLANAX users access to the full eco-system’s order flow and liquidity. Trading interface: For traders who want to monitor Trading View charts, place limit orders, and exercise more control over their trading. Liquidity providers have an incentive to provide liquidity to low-volume assets for higher rewards, as they get a share directly proportional to the volume they provide to the pool. When you make a trade or exchange on SOLANAX, you’ll be charged 0.3% for the taker order and 0.2% for the maker. As a reward for liquidity suppliers, 0.4% are redeposited into the liquidity pool and acts as a reward 0.1% of the SOLD tokens are sent to the staking pool as a reward for individuals who stake their SOLD tokens.
Where can I buy SOLD Crypto?
You can buy Solanax on Bonfida. One of the best Decentralized Exchanges on Solana.
How to Buy Solanax Crypto?
Step 1 - Setting up a Phantom Wallet
Phantom is by far the most used walled in the world of Solana. Whenever you want to buy and sell cryptocurrencies or even use blockchain apps that run on the Solana Network, Phantom will be your best friend. Setting up the wallet is also very simple and easy.
Head over to https://phantom.app/download and click on the browser that you're using to download. You'll need to use Google Chrome, Brave Browser, Firefox, or Microsoft Edge for this to work. So make sure you are using one of these four browsers. Now at the end of the page, click on the browser you're using and install the extension.
You are now the Welcome Page of Phantom. Click on 'Create a new wallet' Now type your password.' Choose a strong password for your Phantom wallet and continue.
Very Important Part! Keeping your backup phrase safe is the difference between having millions in your account or be that guy on the landfill looking for his old hard drive.
Click on reveal your backup phrase and write down every word on paper. Make sure you don't save your backup phrase on anything digital. This is for your security. After you wrote down your backup phrase, confirm everything is correct and click "Done". You should be done now with the wallet.
Step 2 - Buy Solana on Simpleswap
Simpleswap is the easiest way to buy crypto today. Free from registrations, KYC and third-party custody. With Simpleswap we can buy SOL and receive it directly on our on-chain Metamask wallet, skipping most of the steps we'd have to take through a traditional exchange.
Click here to access Simpleswap
Just click the Buy/Sell Crypto tab, insert the USD amount you want to trade for SOL, and click "Exchange", just like this:
Now we need to copy our Solana address from the Phantom wallet. Open the Phantom extension, hover your account name and click the copy button on the Solana address, just like this:
After you copy your address, just paste into here:
And click "Create an Exchange"
You can now choose between Google Pay or card to complete the payment:
Once you complete the payment, all you gotta do is wait a few minutes for the payment confirmation, and for the on-chain transaction to complete. Once all that is completed you should see your updated balance in Metamask.
Step 3 - Swap SOL to Solanax on Phantom
The easiest way to trade tokens on the Solana Chain is right on the Phantom wallet. Select this tab at the bottom
Before we swap SOL for SOLD, we need to prepare your Phantom Wallet to receive Solanax. Open Phantom, Click "Manage Token List", and press the "+" this icon on the right.
This operation will have a small cost in SOL as you can see above.
Now fill in like this:- Mint Address: 5v6tZ1SiAi7G8Qg4rBF1ZdAn4cn6aeQtefewMr1NLy61
- Name: Solanax
- Symbol: SOLD
Click "Add", confirm and you should be done
You can check the price and confirm the correct token address of Solanax on Coingecko.
Let's buy some Solanax!
Click on this tab to access the swap tools
About You'll see the swap details. You now need to select the token you want to trade SOL to. So click on the token that you'll receive and choose Solanax
Now select the amount of SOL you want to trade to SOLD
Make sure everything is correct, confirm and accept, and you should be done!
Wait a few minutes, and your SOLD should appear on your Phantom Wallet.
Congratulations! You are now a proud Investor of Solanax!
Why should you buy Solanax?
Solanax is really one of a kind project. The roadmap is incredibly promising and if the dev team can keep up with the with it, it's only a matter of time for the market to catch up. It's a very risky play but one that can yield amazing profits. Do you own diligence and research the project further so you can make your own decision.
Check out Solanax links:
Website: https://solanax.org/
Twitter: https://twitter.com/Solanaxorg
Telegram: https://t.me/solanaxcommunity
Explorer: https://solscan.io/token/5v6tZ1SiAi7G8Qg4rBF1ZdAn4cn6aeQtefewMr1NLy61
Discord: https://discord.gg/23zsTCd4u3
Please make sure you read our Disclaimer. We are not financial advisors.
