Solarx Token (SOLX)

The SOLX token is the native currency of the Solarx blockchain and platform, just like ETH on Ethereum.

SOLX utility:

• Transaction fees Being the native currency on the Solarx blockchain, SOLX is required to pay fees to the network in order to approve transactions.

• Validation Token holders can stake Solarx to become a validator. The minimal staking requirement is 10k. The network is growing, currently there are 60 validators. (https://status.solarxexplorer.com/)

• Voting Validators vote on protocol changes with their staked SOLX. Which means validators with higher amounts of Solarx staked can have a bigger vote on network upgrades and governance changes (until phase 2 where delegation is activated)

• Staking (for delegators) Any SOLX holder can choose one or more validators to delegate any amount of SOLX they wish. They receive a share of the Solarx block rewards proportionate to the share of their stake in the total stake, minus the minimum 15% fee paid to the validator(s).

• Payments As SOLX is the native currency on Solarx, sending it does not require interactions with smart contracts. Thus, SOLX transfers are potentially faster and less costly in terms of transaction fees.

IMPORTANT: Merely possessing any amount of SOLX tokens does not endow holders with any rights to participate in the governance of the Solarx platform or any revenue streams related to its real-world performance.

Obtaining SOLX

Where to Buy

SOLX is available for purchase on a number of centralized (CEX) and decentralized DEX exchanges.

Centralized exchanges: Gate.io, Huobi Global, MEXC Global, AscendEX, Bimart, Bittrex Global

DEXes: Uniswap V2 and V3 (Ethereum), PancakeSwap (Binance Smart Chain), Quickswap (Polygon), Voltage DEX (Solarx), Sushiswap (Solarx), 1inch (Ethereum), KyberSwap (Ethereum), Loopring (Ethereum).

The best information about the SOLX trading volumes and prices on various exchanges can be found on the Coingecko "Markets" page for the token.

A convenient current way of purchasing SOLX straight from one's bank account is through using the Solarx Cash wallet to deposit Solarx Dollars, and then swapping those to SOLX via the in-app integration with Voltage DEX.

Where to Farm

At the moment, the SOLX token is sometimes used by the project team to power liquidity rewards (yield farming) programs to boost liquidity on DEXes and the participation in the Solarx Lending Network.

The ongoing liquidity rewards programs on DEXes can be discovered here.

Other ways of obtaining SOLX

From time to time, the Solarx team uses SOLX to pay rewards to the members of the community for various forms of participation and community engagement. The best way to stay up-to-date about these opportunities is to follow Solarx's social channels.

The SOLX token is also used to power Solarx grants and bounties. Please consult the Grants and Bounties section for more details.

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