Solanium Development Updates — 1/4/2022
Hey Solanium family!
As Solanium just turned 1 year old, so we thought it is a good time to provide you with an update on Solanium and our team, as well as an inside look at how things are going.
Looking back at our journey…
Since our very first launch months ago, we have grown to be the top premier launchpad in the Solana space, with over 30 high-quality projects in our portfolio and more than $13M raised by our fundraising platform.
According to the most recent data derived from Cryptorank, we are ranked second among the top 3 launchpads that have the highest performance in terms of average all-time-high returns on investment.
These are just a few of the many accomplishments that we are so proud to share. Most importantly, we want to express our gratitude to the Solanium community, as we would have not made it to where we are today without your unwavering support.
Now take a look at what we got for you down the road
Although we have made encouraging progress, it would be imprudent to just stay where we are now. We acknowledge that there will be new challenges and that we always need to have something to pursue along the way.
For the past couple of months, even when the market seems to be cooling down, the Solanium team has been working days and nights to catch up with time to ship more upgrades and new features to you. So what can you expect moving forward?
1. Release pending rewards
We are aware that the community has been requesting this for a long, now you will no longer have to wait.
Pending rewards are scheduled to be released 2 weeks from now.
2. Staking Rewards
Besides building a go-to platform in Solana and beyond, we also mindfully focus on refining our token economy to make it both sustainable and beneficial with long-term value.
As such, we’ve pivoted to using a new rewards system that will launch in May, in which APY will be replaced by advisory tokens that come from our projects within the Solanium ecosystem. It would be a bold but efficient move.
3. HODL Index
As part of our Tier mechanics overhaul, we will introduce a brand new parameter into our staking system, which is the HODL Index.
HODL Index is an evaluation methodology that calculates the ratio between the lockup period and the participation rate of a user. If a particular user achieves a good result on the HODL Index, they will get more chances to win the whitelist and more rewards in advisory tokens. On the contrary, users will get a lower winning rate subsequently if they participate less in project launches.
For the most part, this HODL Index will be an element added to the Tier framework that will benefit all loyal community members who are willing to grow Solanium together with us. HODL Index is expected to be applied in Q2.
Again, we can’t say thank our community enough for joining us on this journey so far. WAGMI!