This article provides a concise overview of Solstarter, an IDO (Initial DEX Offering) platform developed on the Solana blockchain. It delves into how this platform facilitates projects in raising liquidity within a decentralized and equitable ecosystem. Additionally, it explores the role of Solana blockchain development within Solstarter’s framework and more.
Solstarter
It is the first IDO platform to be built on Solana. It will serve as a springboard for initiatives that can assist in fairly and decentralised liquidity raising.
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Solana
Scalability and affordability are offered by Solana, a censorship-resistant, fast, and secure blockchain. It is a blockchain development platform and uses C, C++, and Rust as a programming language. The major key benefits it offers are:
- Low fees
- Speed (less time for confirmations)
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Difference between Solstarter and Polkastarter
The main distinction between Polkastarter and Solstarter is that the latter is built on a substrate, while the former is built on Solana. Additionally, Solstarter uses a tier-based system for guaranteed allocation to each participant in a pool whereas Polkastarter offers token sales of types of public and private.
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Distribution and Allocation in Solstarter
The distribution and allocation process is mentioned below:
Distribution: It is fairly simple and carried out based on sos token a user has (pool weight).
Allocation: the amount of sos token the user has staked determines the pool weight of allocation of a given user.
It is divided into four tiers:
Tier1:Moon- 7% POOL WEIGHT
5000 STAKED SOS
Tier2:Planet- 15% POOL WEIGHT
9000 STAKED SOS
Tier3:Red giant- 28% POOL WEIGHT
16000 STAKED SOS
Tier4:SuperNova- 50% POOL WEIGHT
25000 STAKED SOS
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Conclusion
Solstarter asserts that it provides equitable and easily accessible finance to all. Various IDO platform tries to provide the same but it is mainly seen that heavy investors or bots buy most of the tokens which leaves less space for other buyers to participate.
Solstarter claims to provide:
- Fair distribution
- Guaranteed allocation
- Fully decentralized
There is not much information given on their website it’s just the basic information they have shared but they have created a lot of hype in the market.
Have a Solana project in mind? Connect with our Solana blockchain developers to get started.
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