AMA Recap Crypto Library with SolarDex


On 13th November 2021, SolarDex conducted an AMA in the Crypto Library Community. Our guest is Jhon. Lots of questions as usual from the Community about SolarDex progress. The SolarDex team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Crypto Library community. If you missed the AMA in person, read this recap for a deeper insight into SolarDex.

Let’s take a look at the most interesting points of our conversation. 

Crypto Library Team : So, before we start the AMA could you please introduce yourself to our community?

Jhon (SolarDex) : My name is John, I'm the COO of Solar Dex, I have a background in business management and marketing moreso than the development side of crypto.
Crypto Library Team : What is SolarDex? and how does it work?

Jhon (SolarDex) : Solar Dex is a decentralized exchange launching on Solana, the first US based truly decentralized exchange. The goal is to be the Pancakeswap or the Uniswap of Solana. This means all the cool features of those sites we will have, such as staking, liquidity pools, farming, lotto, etc. 

Crypto Library Team : Please tell us about SolarDex token! What are the token use-case, distribution, and how to join the pre-sale?

Jhon (SolarDex) : As far as use cases go, the Solar token can be used for governance, lottery, staking, farming, as well as covering exchange fees and launchpad fees. There is a pre-sale form posted both on our Twitter and in our telegram chat. The tokenomics are not currently set in stone, they have changed a couple times due to responses from third parties. Within a week or so we should be locked in, we are currently talking to various other projects and investment firms that will affect the tokenomics.

Crypto Library Team : Could you give us some information about your team and PartnerShip?

Jhon (SolarDex) : Our team is made up of three main members managing Solar Dex, the developers are more so contractors, coming and going as needed for the project. We have formed various partnerships, including a vital one with Joshua Deese, a crypto lobbyist and attorney who is fighting to legitimize Defi and protect it and investors from unfair legislation. I would also like to mention, regarding the previous question about distribution, we have a CPA working on it.

Crypto Library Team : Could you give us some information about your roadmap, your milestones, and also your future plans?

Jhon (SolarDex) : Our road map can be seen on our website, in the coming month we plan on a full launch of the exchange as well as the launch of the token. All the while we will begin large scale marketing. Down the road we will launch an iOS and an Android app, as well as releasing an NFT exchange down the road. Overall, the main goal is to make defi safe for everyone, which we feel we have a monumental role in. Personal milestones of Solar Dex so far have been getting on Coin Market Cap within 20 hours of applying as well as having various articles written about us, such as Bloomberg, Yahoo Finance, MarketWatch, etc. What projects attempt to do in a year, we have done in 4 days with minimal effort.
Crypto Library Team : SolarDex believes that the Solana Ecosystem is the blockchain of the future, and the ultimate economic balance will be reached when the majority in the DeFi aspect will be launched on Solana. What do you think are your advantages of being a platform under Solana?

Jhon (SolarDex) : Solana is a young, new, thriving platform. Where BSC and Ethereum are oversaturated, Solana isn't. We're in the game early. Furthermore, the scalability of Solana is far superior to any other network, as well as the lower gas fees and faster transaction speeds. The coding of Solana is unique, unlike other networks that are ethereum copy and pasted.

Crypto Library Team : Launching a project is very easy, but keeping it growing, surviving and competing with hundreds of existing projects is "VERY DIFFICULT" so how does the SolarDex Team overcome that DIFFICULTY? and What role does the $SOLAR token play in the SolarDex Ecosystem and its governance?

Jhon (SolarDex) : The team has weighed the risk of potentially having a project fail and we do not see that as a possibility in this case. It all comes from our unique skills, for example the CEO is a master developer and coder, the CMO is a marketing genius and I am the ideal jack of all trades. Our momentum is too strong too, going back to a previous answer of mine where I stated that we did in 4 days what other projects try to do in a year. And it's all on Solana, so we don't have to worry about oversaturation. The solar tokens role can be found in a previous answer about use cases and on our website. In short, lotto, staking, farming, fees.
Crypto Library Team : The name of your project seems very interesting.  Is there a story behind this? Is your platform suitable for crypto beginners or is it open only to elite investors?

Jhon (SolarDex) : The name comes both from a play on words with Solana, as well as projects going "to the moon", hence solar system. And we will be an easy to use exchange, we strive to be accessible for all.

Crypto Library Team : Did you find it difficult to build your project, can you provide a single problem you've had, and how the team resolved it?

Jhon (SolarDex) : The project has had its difficulties, but it's has been mostly smooth sailing. The hardest portion is complying with US regulation, which brought us to Joshua Deese and Associates.

Crypto Library Team : Almost 4/5 of investors are focused purely on the price of token in short term instead of understanding the real value and health of the project. Could you tell us on motivations and benefits for investors to hold your token in long term?

Jhon (SolarDex) : Auto liquidity locks mean no rug pulls, and therefore projects and investors are incentivized to be in it for the long run. We will keep the scams and rug pulls on other networks, no room for that here.

Crypto Library Team : It really caught my attention that they haven't shown their tokenomics on their website yet, but could you really tell us why? is it because they haven't finished developing the algorithm and the Solardex contract itself? if so when will it be available?

Jhon (SolarDex) : The reason our tokenomics are not currently on our website is because of involvement with other partners and investors. As you could imagine, the more people that get involved in some capacity the more tokenomics have to change. That being said, within a week we will be set in stone and ready to rock.

Crypto Library Team : Is your project have profesional team?

Jhon (SolarDex) : Yes we have all worked on various projects in the past, this is not our first time.