Fishing blocks first increase on the Defi-Hub Sola-X will be live on June 29th

Fishing blocks first increase on the Defi-Hub Sola-X will be live on June 29th

fishing block, a crypto fundraising platform for start-ups, is about to start the Sola-X procurement. This project aims to improve the user experience in decentralized finance (DEFI). The fundraising campaign will begin on June 29 and run until July 8th. It is part of a larger fundraising campaign, which also includes the Sola-X donation campaign.

The main goal of this procurement of funds is to strengthen the financial basis of the SOLA-X project. In the pre-seed round, $ 350,000 could already be secured and a further $ 300,000 in the Seed round outside of fishing block. In order to finance the further development of Sola-X, Angelblock itself invested $ 700,000.

fishing block has also secured participation in the Aleph Zero Ecosystem Funding Program (EFP), which not only offers financial support, but also expanded the network of fishing block within the Aleph Zero-E-Ecosystem.

For the short-term development goals from Sola-X, a minimum amount of 50,000 USDTs must be raised, which serves as a soft cap. The hardcap destination was set to 200,000 USDT. The funds collected should be used to further develop the Sola-X offers and to support the roadmap.

Since the increase takes place on the Ethereum blockchain and the native token of Sola-X, sax, $ 0.0175 costs, the participants must also take the gas costs into account. By the end of the year, fishing block is said to have completed the implementation of gas in Thol, which will lead to lower transaction fees and a higher token user. Usdt is currently the only currency that is accepted in the Sola-X increase.

It is important for investors to keep an eye on the process and schedule for the distribution of the sax token. Sola-X monitors and manages the token distribution process in accordance with the specified Vesting Time Plan.

The future of Sola-X provides improvements in the area of cross-chain defi hub. The "Smart Liquidity Routing" function enables the efficient movement of assets between different liquidity providers. In addition, Sola-X wants to fight “Front-Running” by using advanced liquidity pools that limit the slipping and price fluctuations. The use of the "Smart Liquidity Arbitrage" Method eliminates the need for arbitrage bots from third-party providers and at the same time increases the apy.

The Sola-X donation campaign on fishing block will start on June 29 and offers investors the opportunity to support the SOLA-X project and benefit from the innovative functions of the defi hub.

This article is based on information from the blog post by Coinphony on June 22nd and does not contain any invented information.