Solarbeam Eclipse IDO Flex

Hey there!!

Welcome to this deep dive about SolarBeam Eclipse Initial DEX Offering (IDO). We will discuss the about the platform, what it actually is, in what way can you be a part of it, its use cases, DeFi on the platform and most interesting part, the token bridges!

What is Solarbeam?

Solarbeam is a permissionless, decentralised exchange on Moonriver ecosystem for peer to peer exchange of tokens and providing liquidity too.

SolarBeam is leading in the platform for ease of transaction when it comes to DEX offerings. The goal of SolarBeam is to provide one stop solution for investing, infusing liquidity in a particular ecosystem and swapping between crypto tokens for the crypto-community.

Solarbeam allows to trade the tokens directly from your wallet to concerned address’ wallet, than trading trough a third party token. This makes you the complete custodian of what is owned by you!! The platform has low trading fees, which is one more feature to get onto it.

The liquidity on the platform until now was more than $26 million and the transactions volume exceeds $2.3 billion.

All that is fine, but WTH is IDO?

IDOs are Initial DEX offering. And DEX is decentralised exchange. By the use of DEX, a user can provide liquidity to an ecosystem or transact in a permision-less manner. A DEX is used as a crypto asset exchange that dynamically depends on liquidity pools where traders can swap tokens, including crypto coins and stablecoins.

A project offers an IDO, when they are looking to infuse liquidity in their project. There are risks involved when

Who owns this platform? (Tokenomics)

The most beautiful part of a blockchain built crypto-exchange is the shared ownership between the builders and investors.

What are the Use Cases on Solarbeam?

Use cases is basically what all one can do by being on the platform. As simple as that!

There are four basic use cases on the Solarbeam platform. They are AMM (currency swapping), yield farming, Eclipse and the token bridge. We will discuss them in detail below.

What is Solarbeam Eclipse?

Solarbeam Eclipse is a launchpad through which businesses can raise capital for their crypto based projects. This platform can replace the VCs, which can now be decentralised to the Solarbeam users to gain perks like early access to the projects on the chain.

AMM (Automated Market Maker) for infusing liquidity in the system

The basic requirement for any crypto transaction is a cryptowallet. Solarbeam supports the most commonly used wallet- Metamask.

Solarbeam is a decentralised exchange. It lets you be the custodian of YOUR token and does not hold your token on your behalf like say Coinbase does or your Binance wallet does.

You can trade your tokens using the “Swap feature“. In this token swap trade you can trade between almost 40 different crypto tokens that include leading tokens like $ETH, $MATIC $USDT and many more!

What are the other things that the author doesn’t know of?

The author felt foolish after viewing some existing piece of docs that are present say like this Medium article.

I am a crazy curious guy with limited knowledge about crypto ecosystems and ever learning about them.

Please pay a visit to the above link for knowing more about what multiple boosts are, how can you participate in the Solarbeam Eclipse, which is basically you supporting the business on the ecosystem.

Yep, that’s it now. Back to getting smart now from hideous foolsih!!

Oh yeah, now I am being a lazy guy, but the tokenomics for the Solarbeam are present here!!

Nope the folks are not hiring me anyway after seeing this!!

Thanks for some eyeballs dear readers!!

Here’s my twitter for change!