TVL > 100K
What is Solarbeam (SOLAR)?
Solarbeam (SOLAR) is a decentralized exchange (DEX) that provides liquidity and enables peer-to-peer (P2P) transactions on the Moonriver network. Today, Solarbeam is the leading AMM (automated market maker) for Moonriver. The mission of the project is to create a full-fledged, intuitive, one-stop-shop platform for cryptocurrency activities. It looks to become the main protocol that people will be using to trade any token within the Moonriver ecosystem. Solarbeam (SOLAR) was launched in September 2021, and it currently offers 11 liquidity pools and 16 yield farms where users can earn SOLAR tokens through staking. Solarbeam also features bridge services from two different sources: the integrated bridge powered by Anyswap, and a third-party provider Relaychain. Solarbeam (SOLAR) is a crypto platform where one can perform crypto trading right from his wallet rather than applying to third parties to facilitate a transaction. By doing so, Solarbeam ensures that tokens remain completely owned and never leave one’s custody. This crypto trading platform establishes lower transaction commissions compared to other decentralized exchanges. Every transaction incurs a fixed 0.25% fee. The revenue generated from fees is distributed among LP providers and the Solarbeam team. A half of the team’s rewards from fees are also used to ensure buybacks and burns. The Solarbeam network is powered by the SOLAR Coin that performs as a governance token. The token is issued on the Moonbeam blockchain. The SOLAR cryptocurrency has a fixed supply, a constant emission model, and a burning mechanism. There are no pre-sales, no private sales, and no pre-allocations for SOLAR tokens.
Who are the founders of Solarbeam (SOLAR)?
According to the information on the project’s official website, the founding team behind Solarbeam consists of the following members: FireKid is Solarbeam Founder, and he is also responsible for operations. Solar Ape is a developer and co-founder of Solarbeam. Two Tooths is a co-founder of Solarbeam. Carrion is a developer of the project.
What makes Solarbeam (SOLAR) unique?
The unique characteristics of Solarbeam (SOLAR) include: Peer-to-Peer transactions. This functionality allows participants to send assets from one wallet address to another, without relying on any third-party account or releasing custody of their tokens. Yield farming and staking. Solarbeam members can stake their tokens in the platform’s asset pools or supply their tokens to the liquidity pools to gain profits. Earning from trading fees. Users who supply liquidity are rewarded with a portion of the protocol's trading commissions.
Get crypto analysis, news, and updates. Join our friendly crypto community and stay up to dateJoin now