Solanium Pools: What are they?
A major aspect of the Solanium ecosystem is its pools. The pool system is designed to allow users of any Solana wallet to easily create a pool that can be used in distributing SPL tokens. To make this easy for anyone, no matter their level of knowledge of blockchain technology, users experience an intuitive user interface. Setting up a pool is as easy as reciting the alphabet, and this is done with a few clicks. For those users that don't want to go through the stress of creating the pool themselves, they can use the option on the dashboard that automatically creates the SPL token for them if they have not already deployed their SPL token yet.
Solanium team is putting in much time in creating a superb front end for users to give them the options of filtering and featuring in some pools. This means that creating, finding and participating in pools on Solanium is a walk in the park process for users.
Each pool is designed to automatically earmark a part of their fees to both the governance treasury and to the xSLIM token holders. It is important to note that initially, only holders of xSLIM holders will be allowed to participate in the pools. In the future, it may be open to everyone. This means that if you want to get access to the pooling feature on Solanium, you have to possess xSLIM tokens.
For example, Pool X raises 10000 USDC, selling 1000 DEMO tokens. 2% of 10000 USDC will be distributed to xSLIM holders and 2% of 1000 DEMO will be put in the Governance Treasury.
With the pool, users can create market and begin the trading process.
About Solanium
Solanium is an encompassing ecosystem based on the Solana blockchain and boasts of high scalability. It has a launchpad and a decentralized exchange. As an IDO platform, crypto startups can launch their services to the world and the teeming users on Solanium, and end up raising funds for the different projects.
Through Solanium, investors are allowed to invest on different projects, and it creates a safe haven go get involve in the public token sale of projects to earn maximum profits and minimum risks.
Solanium's launchpad is designed to easily be used by anyone whether they have in-depth knowledge of blockchain technology or not. The user interface is top notch and it leads to an awesome user experience. With its teeming community members, projects are able to launch easily and enjoy patronage from users.
In the future, Solanium intends to be one stop shop for the decentralized finance ecosystem, meaning that it will possess a decentralized exchange, multiple wallets, a portfolio management mechanism and a launchpad.
For users to participate in the popular launchpad, they have to be an active member of Solanium. They are expected to hold xSLIM tokens, which is earned by staking before they can get involved in IDOs. xSlim token is the non-transferrable governance token of the platform.
