What is Solanium and the SLIM Token?

Ivan On Tech

Written by Ivan on Tech

September 19, 2021

Built on the Solana blockchain, Solanium is a decentralized fundraising platform and crypto launchpad. Also, Solanium features a decentralized exchange (DEX) powered by Serum, the number one DEX on Solana. Users can stake the native SLIM token using a flexible tiered system and earn the xSLIM governance token in return. The Solanium crypto ecosystem is one of the latest projects to launch on Solana and is home to some of the most exciting up-and-coming token launch events. 

In this article, we’re going to dive deep into the Solanium crypto ecosystem. We’ll explore the native SLIM token, the xSLIM governance token, and the Solanium decentralized exchange (DEX). Plus, we’ll also discuss Solanium staking, liquidity pools, platform governance, and the Solanium crypto launchpad service.

If you’re entering the world of crypto for the first time, welcome! Ivan on Tech Academy is the perfect place to begin your crypto education. See our Crypto for Beginners course to learn how to safely buy, sell, and trade crypto assets. Also, this course teaches you how to safely store your crypto investments using a cold storage hardware wallet. Plus, we provide tips on how to avoid crypto scams!

Then, to learn how blockchain technology works on a fundamental level, see our Blockchain & Bitcoin 101 and Ethereum 101 courses. These courses teach you about the key value propositions of the two most prominent blockchains and the differences between them. Discover the differences between the UTXO and account model, plus how the Ethereum Virtual Machine (EVM) operates. Join over 30,000 like-minded students today at Ivan on Tech Academy!

What is Solanium?

Solanium is a decentralized fundraising platform and crypto launchpad built on Solana, the world’s fastest blockchain. The platform enables users to take part in public token releases and trade using the native decentralized exchange (DEX) and integrated wallet. Also, users can participate in Solanium staking using the native SLIM token and participate in platform governance using the xSLIM governance token. 

Blog Solanium,

Solanium is committed to making the Solana blockchain accessible to all. Plus, Solanium places great emphasis on a strong user interface (UI) and user experience (UX) design. Furthermore, Solanium is forming strong partnerships to promote the growth and adoption throughout the Solana ecosystem.

Also, users who provide liquidity to Solanium liquidity pools can earn SLIM-LP tokens. Both the SLIM token and SLIM-LP token can be staked to earn the xSLIM governance token. Doing this entitles holders to platform fee distribution rewards and the chance to participate in airdrops. The multi-tiered staking mechanism provides fair and equal access to token launchpad events depending on the number of tokens staked and the duration of the stake. Plus, the staking mechanism works in a way that rewards participants for more extended staking periods. As such, smaller holders who lock up tokens for longer periods can receive the same rewards as a large holder with a shorter lock-up period.

Solana Blockchain

Founded by Solana Labs, the Solana blockchain is the fastest blockchain in the world. The Solana blockchain is capable of processing up to 50,000 transactions per second (TPS). This creates the site for a wide range of new decentralized finance (DeFi) applications, including Solanium. Furthermore, the Solana blockchain is highly scalable and does not require the assistance of layer-2 solutions for scaling.

Blog Solana blockchain

Solana’s native SOL token is currently a top-10 cryptocurrency by market cap. Also, the Solana blockchain has become one of the most widely-used smart contract-enabled blockchains in the industry. Moreover, the Solana team consists of software experts from the likes of Google, Microsoft, Twitter, and many other big names.

One of the unique features of the Solana blockchain is the in-built clock. The Solana blockchain was the first of its kind to timestamp transactions in this way. The clock was created by tweaking the SHA256 mining algorithm, the same algorithm used by the Bitcoin blockchain. This was then combined with a Proof-of-Stake consensus model to combine security, high throughput, and scalability.

Serum DEX

The Serum decentralized exchange (DEX) is the number one DEX operating on the Solana blockchain. Serum DEX is fully decentralized and offers highly competitive trading fees. The Solanium DEX benefits from the deep liquidity provided by the Serum DEX, along with automated order matching and an on-chain order book. Plus, the Solanium DEX shares the same professional trading features as the Serum DEX. This includes limit orders, stop losses, and other trading indicators.

Blog Serum DEX

Using the Serum DEX, Solanium provides a pro trading experience with an easy-to-navigate user interface (UI). Moreover, the Serum DEX facilitates some of the fastest transaction speeds in the industry, along with average transaction fees of less than $0.00001.

Crypto Launchpads

Crypto launchpads provide investors with the opportunity to participate in token sale events before they hit major crypto exchanges. Moreover, from a project’s point of view, crypto launchpads and incubators can aid the development, branding, and overall marketing for launching a new token and ecosystem. Crypto launchpads often have some form of vetting process, ensuring users of the platform are investing in projects that appear to have potential, demand, and ideally fill a gap in the market, or bringing something new to the table. 

Also, crypto launchpads often enable participants to buy tokens at a lower price than when a token is listed on an exchange. The risk here is that these projects are yet to establish themselves and could be unsuccessful. However, the upside is that participants can make significant gains when taking part in token launch events. For example, the SLIM token public sale saw the price of the SLIM token begin at $0.20. Those who were lucky enough to take part are now looking at a 20x return as the SLIM token sits above $4.00 at the time of writing. Other popular crypto launchpad projects such as TrustSwap and Polkastarter have seen huge adoption after the launch of several successful tokens. 

Crypto launchpads put willing investors in front of new, up-and-coming projects. This benefits the users, the launchpad, and the projects too by sharing a project’s branding with enthusiastic users and potential investors. Users have the assurance of knowing a project has been through an application procedure with the launchpad, and theoretically have the potential to perform well. Crypto launchpads want to ensure a positive reputation, therefore aim to support new and reliable projects, assist in public decentralized fundraising, and offer a great return on investment (ROI) for the early investors. 

Blog Solanium 2

Solanium DEX

The initial phase of the platform will see the introduction of a custom graphical user interface (GUI) for the Serum decentralized exchange (DEX). Once Solanium pools are finalized, they can form a market to begin trading via the permissionless Serum DEX. There are several hosted front-ends currently available that facilitate trading via the Serum DEX. Most of these are a fork of the Serum repository or share a similar design. However, the custom Solanium GUI is being created from scratch, boasting various novel features. This includes a customized grid, a transaction manager, plus responsive and dynamic datasets gathered using the Serum application programming interface (API).

Blog DEX

The Solanium DEX should provide a trading experience akin to that of a centralized crypto exchange in terms of user experience and interface. Also, Solanium provides users with tutorials to explain how to navigate the exchange. Moreover, the Solanium Governance Treasury will receive a distribution of referral fees gathered from Serum trades.

For expert-guided video tutorials on navigating the weird and wonderful world of decentralized finance (DeFi), check out the DeFi 101 course at Ivan on Tech Academy! Here, we teach you how to install and use the number one Web3 wallet, MetaMask. Plus, we show you how to interact with popular DeFi protocols such as Aave, Compound, Uniswap, and more! Following this, be sure to check out our DeFi 201 course! This course teaches you about flash loans, yield farming, crypto arbitrage, and much more! Kickstart your DeFi journey today at Ivan on Tech Academy! 

Solanium Pools

One of the core features of the platform is Solanium Pools. Solanium Pools enable any Solana wallet user to create liquidity pools and distribute SPL tokens using a sleek user interface (UI). With just a few clicks, users can create bespoke liquidity pools. Plus, users can create a custom UI for their pools.

A fixed percentage of all fees from Solanium liquidity pools will go to holders of the xSLIM token and the Governance Treasury. Plus, xSLIM holders will receive priority allocations for launchpad token sale events proportional to their xSLIM token holdings.

Solanium Staking – The SLIM Token

The native SLIM token is Solanium’s utility token. The primary function of the SLIM token is for staking. Any SLIM token holder can participate in SLIM token staking. In return, holders receive the xSLIM governance token. Also, users who participate in SLIM token staking can select the duration of their lock-up period up to a maximum of one year. 

Using a five-tiered system, SLIM token stakers can increase their chances of receiving allocations to launchpad events. Both tiers four and five receive guaranteed allocations. Moreover, higher tiers receive higher chances of success in the Solanium lottery. Following a public sale price of $0.20, the SLIM token is trading at around $4.18 at the time of writing, with a market cap of $192.2 million, according to CoinGecko.

Blog SLIM token

The SLIM token has a maximum supply of 100 million tokens. 25% of all tokens were distributed in the seed, private, and public token sales. A further 20% allocation goes towards the Solanium team, with 5% going to advisors, 25% going towards company reserves, 10% for marketing and staking rewards, and a 15% allocation for liquidity.

Governance – The xSLIM Token

The native xSLIM token is the governance token of the Solanium ecosystem. Initially, platform governance will combine on-chain voting with a centralized application where participants can register their wallets and vote on proposals to make changes to the platform. In time, this process will become fully decentralized. However, by providing a centralized solution, to begin with, Solanium hopes to expedite community engagement and adoption.

The weighting of votes is proportional to the amount of xSLIM tokens held. This means that the more xSLIM tokens a user holds at the time of voting, the more their vote can influence a successful result. Moreover, once a fully decentralized governance model is in place, xSLIM token holders will be responsible for the Solanium Treasury. This will enable the community to decide which projects should receive funding, how much they should receive, and how much should be set aside for ecosystem development and incentives. Furthermore, each Solanium pool has a fixed fee of 5%. All xSLIM token holders will receive a distribution of the fees gathered from Solanium pools.

Exploring Solanium & the SLIM Token Summary 

The Solanium crypto ecosystem provides a range of features to suit the modern DeFi user. With staking rewards and a decentralized exchange (DEX), the platform is positioning itself to be among the most promising new projects to launch on the Solana blockchain. Furthermore, with the deep liquidity provided by the Serum DEX, Solanium offers a trading experience that suits both professional traders and novices alike. Plus, Solanium benefits from the super-high transaction speed and ultra-low fees that the Solana blockchain provides.

Blog xSLIM token

Blockchain programming is currently one of the most in-demand skills. The use of blockchain is becoming increasingly prominent sector-wide. Many industries are now taking advantage of this innovative technology. This includes healthcare, music, art, fashion, real estate, insurance, and the energy sector! Ivan on Tech Academy is the number one blockchain education suite available online. We have expert-guided blockchain programming courses to suit all levels of experience. 

If you’ve never tried coding before, start with our Javascript Programming for Blockchain Developers course to learn the basics. Then, see our Ethereum Smart Contract Programming 101 and Ethereum Smart Contract 201 courses to learn how to build and deploy your own smart contracts using Truffle Suite and the Solidity programming language. Then, be sure to check out our Ethereum dApp Programming course to learn how to build your own smart contract-based decentralized applications (dApps)!

Generic filters
Filter by Categories

Share this article

Share on facebook
Share on twitter
Share on linkedin
Share on reddit

Subscribe to our blog

Get the latest posts in your email

Become Blockchain Certified Today


20% OFF


Log In

Sign in to your account and start learning!

IOT icon header