Introducing SOLAX
The core design purpose of SOLAX is to manage supply, introduce programmatic buy pressure through smart contracts, and boost demand within the ecosystem via strategic mechanisms and game theory.
Here are the primary fundamentals for the SOLAX ecosystem:
SOLAX employs staking mechanisms that enable users to earn substantial SOL rewards compared to other cryptocurrencies. To participate, users must lock up their SOLAX tokens for a set period; the longer the lock duration, the higher the SOL rewards. This system mirrors the Certificate of Deposit model used in traditional banking. By locking their tokens, users are unable to sell them, which decreases the available supply of SOLAX on the market, thereby increasing its scarcity and value. Users are handsomely rewarded for maintaining price stability.
The supply lock-up feature of SOLAX allows for a smaller liquidity pool, enhancing the effectiveness of buy-and-burn activities. This mechanism drives up the price while permanently removing tokens from circulation.
Continual buy-and-burn actions from miners further increase the scarcity of SOLAX. These transactions are managed programmatically through smart contracts and operate in a decentralized manner, with all public functions initiated by users. SOLAX will have a limited supply and miners will receive SOLAX from the mining pool.
5 Key Fundamentals:
High buy-and-burn pressure on a limited liquidity pool
Large portion of the supply staked due to appealing SOL rewards
Significant supply burned through project participation and SOL rewards
Increased difficulty and cost of mining SOLAX as time progresses
Future supply (miners) is also burnable, contributing to a future supply squeeze
Additionally, SOLAX fundamentally leverages the value of SOL. As SOL becomes more valuable and widely adopted, SOLAX's value is expected to rise correspondingly due to its direct connection to SOL, with mining becoming increasingly challenging and costly over time.
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