#solstarter

This article provides a concise overview of Solstarter, an IDO (Initial DEX Offering) platform developed on the Solana blockchain. It delves into how this platform facilitates projects in raising liquidity within a decentralized and equitable ecosystem. Additionally, it explores the role of Solana blockchain development within Solstarter’s framework and more.

Solstarter

It is the first IDO platform to be built on Solana. It will provide as a launchpad for projects that can help with equitable and decentralised cash raising.

Suggested Read | A Guide to Counter DApp Development on Solana Blockchain

Solana

Scalability and affordability are offered by Solana, a censorship-resistant, fast, and secure blockchain. It is a blockchain development platform and uses C, C++, and Rust as a programming language. The major key benefits it offers are:

Low fees

Speed (less time for confirmations)

Also, Discover | What Makes Solana Blockchain Development Stand Out

Difference between Solstarter and Polkastarter

Solstarter is much like what we have seen in Polkastarter the only key difference is that it is built on Solana whereas the Polkastarter is built on a substrate. Additionally, Solstarter uses a tier-based system for guaranteed allocation to each participant in a pool whereas Polkastarter offers token sales of types of public and private.

Also, Visit | Top 5 Compelling Solana Blockchain Use Cases

Distribution and Allocation in Solstarter

The distribution and allocation process is mentioned below:

Distribution: It is fairly simple and carried out based on sos token a user has (pool weight).

Allocation: the amount of sos token the user has staked determines the pool weight of allocation of a given user.

It is divided into four tiers:

Tier1:Moon- 7% POOL WEIGHT 5000 STAKED SOS

Tier2:Planet- 15% POOL WEIGHT 9000 STAKED SOS

Tier3:Red giant- 28% POOL WEIGHT 16000 STAKED SOS

Tier4:SuperNova- 50% POOL WEIGHT 25000 STAKED SOS

Explore More | Exploring the Potential of Solana Smart Contract Development

Conclusion

Solstarter asserts that it provides equitable and easily accessible finance to all. Various IDO platform tries to provide the same but it is mainly seen that heavy investors or bots buy most of the tokens which leaves less space for other buyers to participate.

Solstarter claims to provide:

Fair distribution

Guaranteed allocation

Fully decentralized

There is not much information given on their website it’s just the basic information they have shared but they have created a lot of hype in the market.

It had been nearly five years that Evie had been playing for the Wimborne Wasps, the first two years basically glued to the bench, but she was on the team and getting paid for what she loved, nonetheless. Interviews from the press weren’t unusual, but since her recent rise to popularity for her antics with bludgers, she was asked by her coach to speak up in this interview. She sometimes still felt like landing this position was a dream, and she needed to pinch herself on a regular basis to remind herself that it was real. However, what did feel like a dream--one of those completely hazy and unreal ones--was seeing Bash, her boyfriend of two years back at Ilvermorny, walking towards her and her teammates. Evie felt her whole body stiffen and swallowed every burning question that was begging to be said. In favor of losing it upon sight, she made eye contact with him, walking towards Bash with a confident swagger. “Bash Bennet. Holy shit,” Evie said incredulously, lost on how someone is supposed to deal with something like this.