16 Apr 2022 · 3 min read

SOLGEM.FINANCE: Defi Ecosystem With Web 3.0 Features Built on Solana Blockchain

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

Introduction

Decentralized finance, or 'DeFi', is an emerging digital financial infrastructure that eliminates traditional financial models. Most of the financial services that could be defined as DeFi can be found on the Ethereum blockchain which also acts as a platform that allows other blockchain apps to be built on it. By utilizing decentralized apps, or dApps, two or more parties can exchange, lend, borrow, and trade directly using blockchain technology and smart contracts without middlemen's involvement. While Ethereum has aided DeFi in its current growth, the current problems such as slow mainnet proof-of-work consensus, limited scalability, and high transaction fees must be resolved to grow to the next level and gain more adoption.

What is Solgem.Finance?

Defi ecosystem with highly scalable, interoperable, and secure decentralized financial products built on Solana blockchain that will make DeFi tools more accessible to the general public. Our platform offers IDO Launchpad, NFT marketplace, Lending protocol, and DEX. All of the features can be accessed by connecting a wallet on our platform.

Why Solana?

Solana is the most performant permissionless blockchain processing up to 65 000 transactions per second. The proof of history or POH consensus, a key innovation of the Solana network, equips you with a trustworthy and credible timestamp that is encoded into the message. Compared to Ethereum's main net proof of work consensus which has design flaws such as slow transactions, limited ability to scale and high transaction fees Solana solves these problems and creates an advantage over Ethereum. Solana set’s a new standard for growth and scalability in decentralized finance.

Ecosystem parts

  • DEX

Non-custodial automated liquidity mechanism allowing trades within the Solana ecosystem.

  • Launchpad

A fully decentralized launchpad creates an opportunity for early-stage projects to sell their tokens and fund their vision. Unlike any other, there will be no whitelist spots based on first form fillers.

  • Lending

Our protocol will bring a suite of interest rate products including fixed-rate lending and fixed-rate borrowing.

  • NFT marketplace

A peer-to-peer trading platform for NFTs. Solgem offers greater levels of security, scalability, and interoperability to boost NFT trading on our on-chain protocol.

Solgem.Finance important features

  • DAO

The Solgem ecosystem uses the Decentralized Autonomous Organization (DAO) to create a valid structure for voting and decision making. Members of the Solgem ecosystem will be able to vote upon partnerships, features, and many more things that determine further Solgem growth.

  • Wormhole bridge

Decentralized ERC20 - SPL token bridge that enables assets to be moved seamlessly between Ethereum and Solana blockchains taking advantage of Solana's high speed and low transaction fees. Wormhole integration will allow us to expand our boundaries and improve scalability.

Vision 

DeFi Simplicity is the key point. That is why we are creating financial tools that every user can easily use and unleash the full potential of DeFi. Our ecosystem deletes all intermediaries and provides freedom to use all of our features by just connecting a wallet. AMM ensures safe trading, cutting out middlemen, and ensuring ownership of your assets. DAO creates a valid structure for voting led by the community to ensure stable growth and decentralized decision-making.

How to own a piece of Solgem.Finance?

We are offering an opportunity to be the first SGM holder and enjoy the ride with the potential game-changer in the DeFi sector. 

We have allocated 75 000 000 SGM tokens for a pre-sale round with the price of USD 0.01 per token.

Until May 15th, 2022 tokens are in the pre-sale phase and you have a chance to grab tokens with a discount before listing. To participate in the pre-sale or for additional information, please contact our sales team at [email protected] and they will walk you through the process.

Our socials

Website: https://solgem.finance/

Telegram: https://t.me/solgemfinance

Discord: https://discord.gg/EaH5pSDTJX