The Upcoming Solana-Based DEX Platform Allows Customized Trading Bots
If you know a bit about cryptocurrencies and blockchain, you must have heard of Solana which is one of the biggest cryptocurrency and blockchain platforms and is continuously competing and striving to be the frontrunner and the best.
Although Solana had gone through a serious outage not long ago, it was able to soothe it out and resume its operations quite quickly. In case you are not much aware of Solana and its workings, here is a detailed guide on this emerging blockchain platform and its latest contribution to the Decentralized Exchange (DEX) community.
Come along as we dive deep into Solana and its forthcoming DEX platform that accompanies astounding features.
A Look into Solana
If we say that there’s someone who’s competing Ethereum with full might, it won’t be wrong to say that it’s Solana. Having its birth in the April of 2020, Solana has come a long way to become the sixth-largest cryptocurrency around the world.
Solana is basically a blockchain platform that entertains decentralized apps and stages. Having lesser transactions fees as well as faster operations with 65,000 transactions per second, Solana is basically a rival to Ethereum that is currently the world’s best decentralized apps.
The native cryptocurrency is also named Solana, which is currently one of the world’s finest and largest cryptocurrencies.
Soldex — Solana’s Upcoming DEX Platform
It has been heard that Solana will be presenting a new DEX platform quite soon by the name of “Soldex” which will come with the amazing feature where users will be able to create as well as deploy their own trading bots or algorithms. Yes, we’re just as excited as you are. Let us have a detailed understanding of what is to be expected from Soldex.
It’s interesting to know that Soldex will be combining blockchain technology with Artificial Intelligence AI and Machine Learning ML algorithms to have a combined advantage of all three. What’s unique about it is that its users will be able to develop and launch their own trading bots, all thanks to the ML algos.
The fact that it’s built on Solana is itself a great benefit as the Solana network is known for its greater transaction speeds and operations. That’s why Soldex has been gathering attention from a number of investors. It was also explained in Soldex’s Whitepaper that Solana’s technology makes the mission of mass adoption greatly possible and capable.
The Benefit of AI and ML
As we mentioned earlier, Soldex is based on Artificial Intelligence and Machine Learning algorithms with the help of which users can develop their own trading bots based on their own criteria of budget, time, crypto volatility, and risk tolerance.
Moreover, this DEX platform is not just for experts and professionals. It is meant to be for all kinds of users, be it novices, laymen, or those having little knowledge. In order to develop and set up an automated AI trading bot, a complete set of educational tools is provided to deliver guidance to those having an average understanding.
At the present time, Soldex is having a private sale with interested investors. However, it is all set to excite crypto users all around and will help in attracting more and more users towards the crypto world.