AscendEX Lists the Solanium Token, SLIM
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
AscendEX is excited to announce the listing of the Solanium Token (SLIM) under the trading pair SLIM/USDT on AscendEX starting January 20 at 2 p.m. UTC.
Solanium is a decentralized platform for fundraising and trading on the Solana blockchain. The platform includes a top-tier Solana launchpad, staking mechanisms for SLIM, wallet management, governance, and a soon to be deployed DEX. Users are able to stake SLIM tokens to receive rewards. Users can manage their Solana wallet and participate in the protocol’s governance. The platform will give high priority to the development of both the user interface and user experience, as these are part of the core foundations that some feel are currently lacking within the Solana ecosystem.
All major Solana wallets will be supported by the platform. The platform will extend to any connected wallet with in-line wallet management. Users do not have to leave the platform to see their token balances, send or receive tokens, or manage token accounts.
The platform allows users to stake Solanium’s SLIM token to receive vSLIM token. vSLIM token qualifies users for fee distribution, voting right, and access to exclusive launchpad pools. The staking protocol is based on time-weighted voting. Users can time-lock SLIM tokens. The longer the time-lock, the bigger the vSLIM ’boost’, the more vSLIM tokens users receive. The time-weight voting mechanism will be based on Curve.fi DAO voting, with a lower maximum locking time.
The first phase of the governance on Solanium will be a mix between a centralized solution and blockchain voting. There will be a centralized app where users can sign with their wallet and cast a
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