Solanium Platform Updates

Solanium
3 min readDec 13, 2024

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At Solanium, we pride ourselves to adapt with new innovation as well as changes in the market to suit user needs.

As one of the leading launchpads on Solana and beyond, we will continue to strive to make the platform better for our users.

All of these changes are aimed to enhance user and project confidence, improve the usability of the platform and increase the value proposition of $SLIM staking.

Let’s dive into the changes!

Key Platform Updates

1. Minimum xSLIM Requirement for IDO Participation

We’re introducing a minimum xSLIM threshold to join our IDOs.

For example, users may need at least 100 xSLIM to whitelist for participation. This ensures exclusivity while incentivizing long-term staking.

Social pools will be removed, but the required xSLIM amount may vary per project, adding flexibility.

The amount will vary per project and can be found on the launch pages when applicable.

2. Removal of Staking Tiers and Tickets

Goodbye to complex tiers! Now, benefits from staking SLIM is simpler than before:

More xSLIM = Larger Allocation: The higher your xSLIM balance, the larger your allocation in IDO sales.

And now, staking more xSLIM on 1 account will have a multiplier effect as compared to staking on multiple accounts with the same amount of xSLIM.

For example, staking 200 xSLIM with 1 account will result in a higher total allocation than using 2 accounts with 100 xSLIM each.

The staking page has been revamped and made simpler.

3. Upgraded KYC System — Approval in Seconds

Our enhanced KYC system ensures swift and secure onboarding, with approvals now taking an average of just 9 seconds!

This update reflects our commitment to projects that do require AML and KYC procedures on their token sale participants while providing a seamless experience for our users.

4. Streamlined Solanium Shield Claim Functionality

Solanium Shield just got simpler! After an IDO:

  • Users will have 3 days to claim their tokens or opt for a USDC refund.
  • If no action is taken within this window, tokens will be automatically claimed.
  • If users opt for a USDC refund, a small fee will be charged.

This ensures clarity and flexibility while protecting users from potential market risks. We will post an announcement once this has been tested & live for future projects.

5. Improving Mobile UX

We aim to make joining IDOs on mobile a better experience:

  • We’re addressing issues with in-app browsers like Phantom, which often don’t support KYC or Telegram connect.
  • Expect a smoother experience that allows users to seamlessly participate in IDOs on the go.

6. Revamped Staking Page

We will revamp the staking interface to enhance usability:

  • Simplified View: Clear understanding of stake amounts and lock times.
  • Seamless Staking: Users can stake directly in SOL and USDC which will autoswap to SLIM, then xSLIM.

Why Now Is the Best Time to Stake $SLIM

These updates significantly enhance the value of $SLIM and xSLIM staking by:

  • Offering clear participation benefits in IDOs.
  • Simplifying the process for both new and seasoned users.
  • Strengthening trust with improved KYC, Shield features, and a user-first approach.

By holding $SLIM, you’re joining a growing ecosystem committed to innovation and community-driven success.

Your Next Steps

  1. Join Our Telegram Community: Connect with other users, stay updated on the latest IDO opportunities and community activities.
  2. Follow Us on X: Don’t miss key announcements, project highlights, and updates.
  3. Stake $SLIM: Visit the staking page, stake $SLIM and secure your spot in exclusive IDOs.
  4. Complete KYC: Use our upgraded system for fast approval and ensure eligibility for upcoming token sales.
  5. Explore the Platform: Familiarise yourself with our features like the Solanium Shield and enhanced platform for seamless participation.

With these changes, Solanium will continue to position itself as a leading launchpad on Solana and beyond.

Stay tuned for more updates and thank you for trusting Solanium!

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Solanium
Solanium

Written by Solanium

Decentralized fundraising and trading platform on the Solana blockchain.

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