Roll up roll up, welcome to the future of Solanium launches. In this article we announce our first five project launches and try to give our community some valuable insights into the process we follow when selecting candidates for the platform. This also includes when they launch, but before we go into all of that, here is what everybody has been waiting for…
Ahh.. hang on, not so fast.. ;)
First, we want to explain a bit about our methodology, which is based on three key areas of concern. These form the priorities for all Solanium.io launches, in particular, the maiden launches, as our reputation will be very much formed on how well these first projects go.
Solanium’s Key Priorities — Stakeholders
1. Investors and holders of slim tokens.
2. The success of projects that we begin with, and all others to follow.
3. Solanium.io, the project, itself.
We believe that it is important for all of our stakeholders to understand all that has gone into the decision making process. We are constantly refining a set of selection criteria which we use when assessing all prospects to try to ensure that each and every launch results in a win-win for all stakeholders mentioned above.
Selection Criteria
1. The quality of the project and their team
2. Tokenomics and pumpamentals
3. Market conditions as they currently exist and are projected to be.
4. The size of the projects community
5. Marketability of the project
1. The quality of the project and their team
The quality of the project encompasses a range of factors including the idea, the token utility, the medium to long-term plans which support token price growth and utilisation, the chances that it will be brought to market, successfully.
Obviously, having a solid team which has experience and great ideas, as well as a clear marketing plan that incentivises token adoption, is key to all of the above.
2. Tokenomics and pumpamentals
A rising token price is the best marketing. A vital aspect to assessing the potential success of a token protocols marketing is making sure that the token has all of the right ingredients to be able to pump. One way to help ensure this is by beginning the token sale with as low an initial circulating supply market cap as possible. We have an internal set of targets that we are still working on, and cannot reveal for now because it can change with every project. It will depend on other factors including their total market valuation at listing, for example, or the current fundraising climate as another.
For this reason there will likely be small vesting periods on the public sale of most tokens, at least for the moment. This is especially given the bearish market conditions that will likely persist, even after Bitcoin bounces. This has not been an initiative taken solely by Solanium. It is a feature that most of our upcoming projects have desired, but not found on other platforms.
For example: IDO holders may receive 50% unlocked at the time of TGE, and then 50% over the following 1 to 2 months.
What this does is bring the amount in circulation down significantly. This increases the likelihood that a pump is able to occur at the time when non-slim holders enter the market looking to buy, resulting in scarcity driven price increases. This further causes a very positive feedback loop which will benefit all holders.
3. The Community
We know that it’s extra important to have great support for a project when launching, so the size of the community and its projected size at the time of the launch are vital considerations for us. Why?
Not only do all projects need people out there talking about their project and promoting it to the crypto world, but we also need secondary buyers to pump the price when IDO holders choose to sell some of their bag.
For that reason, we have minimum standards for a launch community size. Also, with many Solana project communities based on Discord, it is also our policy to work with them to bring them across to Telegram, because we think it’s still the place where most crypto promotions occur. This will help us to unite their community with our own, as well as others.
4. Marketability of each project.
Another important factor is how well the project can be sold, how good the marketing of the project currently is, and what their plans for the future are. As you can see, we take quite a proactive role by working with projects to ensure that they are going to do right by everybody who has something at stake by supporting them where possible and advising as well.
5. Market conditions as they currently exist and are projected to be
It has been a torrid couple of months For Bitcoin and Crypto investors in general. The current state of the market has seen the average ROI on projects plummet from 50 X in March to barely 7x in June. With the outlook for July still pretty bearish, it is unlikely our launches looking likely to happen before August, but we will keep an open mind and follow the data as best we can. It is not a decision we have taken lightly, but, it is in the long term interest.
The team has extensive network. We have consulted with everybody in the industry that we know and there is a total consensus that fundraising in the next 4 to 6 weeks would likely be nothing less than an act of grievous bodily harm to all stakeholders. We appreciate your patience and would like to further excite all of our fans by telling you all that we have many, many great announcements and additions to the platform to come before then. Features which are set to blow the launchpad industry out of the water.
The Genesis Batch!
So, it is without any further ado that we now proudly introduce the first few projects slated to launch from Solanium.
1. Diabolo
Diabolo provides a complete ecosystem around the concept of social trading. The cross-chain ecosystem on Solana and Ethereum aims to bring traders and crypto-investors together around three key values: simplicity, transparency, and performance. Each service has been designed and built by traders for traders, highlighting profiles with the best risk management.
DeFi/Dperformance is a unique service for the “tokenization” of trading performance offering users the ability to automatically replicate a trader’s movements in a decentralized manner. Ddex is a dex, optimized for liquidity management of the Dperformance service, built on SERUM. Dstaking is a protocol for automatic distribution of cash within the ecosystem to smooth out risk and rewards. CeFi/Dtrading is a copy-trading service (currently in beta) allowing users to replicate positions managed by third parties on crypto-asset exchanges (FTX, Binance, Kucoin).
2. Port Finance
Port recently received a 3rd prize in the Hackathon. It is a lending protocol which aims to provide a whole suite of fixed income products, including variable rate lending, fixed rate lending and interest rate swaps.
Features for their first variable rate product include: variable rate based on utilization;
cross-collateral support for multiple loan token types; flash loans for risk-free arbitrage between different Serum markets or between Serum and Raydium. The team is comprised of engineers whose previous background include Google, Facebook and Microsoft.
3. Apricot Finance
Apricot recently received a 1st prize in the Hackathon. It is a comprehensive DeFi solution which will provide services such as floating/fixed rate collateralized lending (with a 2hr liquidation guarantee program in near future) and DeFi FinTech modules for template-based transactions. Their ultimate goal is to become a leading money market platform in the DeFi industry by building a secure, efficient and innovative one-stop DeFi service platform that provides personalized and best DeFi solutions for all users.
4. Project Seed
Project SEED is an outland adventure. Before starting, players are given basic equipment and an invitation to participate in tutorials where they can familiarize themselves with the game play. This means you don’t need to pay to begin to play. Features include PVP tournaments, co-op adventure, taming Zeds, dungeon builder, native NFT, Rental Marketplace, and Dungeon Creator. The utility of the $SHILL Token includes staking, dungeon creator, governance and in-game currency. Project SEED NFTs are for in-game assets, like armour, weapon, zeds, etc.
It’s competitive advantages over traditional games are that #playtoearn never happens in traditional games, whereas in SEED, even inactive players can still earn passive income. It gives players true ownership of their in-game assets, meaning they can sell/rent what they created in the game for real money. Compared to current blockchain gaming, SEED has top-notch graphics and 3d environment and character designs. There is no on-chain rpg game which will be on this level. The team has experience with amazing companies such as Binance, Transformers, Marvel, Call of Duty, Dreamworks, Boeing, Lexus, TripAdvisor, etc. Aiming to have demo ready prior to IDO in late August/September.
Wow, so there we have it.. But what is the plan?
What’s the plan?
These great prospects are listed in no particular order. The team at Solanium have had extensive discussions with all the above projects, and it is both their will as well as ours, that we keep the launch dates a bit flexible with the bear market conditions still prevalent. The plan will be to have all projects peaking and ready to launch leading into August. Our teams will continue to assess the market conditions regularly. When the consensus is that the market has turned green enough for the sentiment to change back from ‘fear’ to ‘greed’ we will quickly move to announce and launch within a week or two.
Wrapping it up…
There will be a lot more to come about the above projects over the coming weeks, so stay tuned for that! The team also hope that our community is right with us when we say that we want the best quality projects, best quality launchpad and best ROI from all our launches. Yes, it will involve some adaptations and patience. But, when you do things right at the beginning, the chances of it ending well are so greatly improved, so please trust that we have the long-term interests of all stake hodlers at the top of our priorities and continue to grow with us towards the light of heady success!
Free Tokens For Your Opinion
We are also running a survey to get to know how best to serve our community. There will be 10 winners, with the lucky winner receiving 1000SLIM, second place 500SLIM and 8 others receiving 250SLIM each. One entry per wallet — no questions.
If you are one of the lucky 10 winners, all of your answers will be checked on the blockchain. If they are not correct, you will forfeit your prize! If you answer multiple times, your IP will be disqualified. If you don’t have the tokens and staking to match your answers, you will also be disqualified. The link to the survey is in Solanium’s telegram.
Handy Links
Disclaimer: Solanium reserves all rights to delay, reschedule or cancel any plans to launch with the projects mentioned above. There may be circumstances which leave no other alternative, such as a project failing due diligence, not fulfilling the minimum criteria as set out in our selection process, among many other myriad possibilities. We will endeavor to ensure this will not occur, but this is not a guarantee by any means.
