What is Solanium (SLIM)? Launchpad to Collect IDO

Bittime - What is Solanium (SLIM)? Solanium acts as a launchpad that becomes a bridge for projects to raise initial funding (IDO) through public token sales.

So, this article will discuss what Solanium (SLIM) is, starting from the meaning, how it works, to using the SLIM token. Are you increasingly curious about this crypto project? Read more, come on!

What is Solanium (SLIM)?

Solanium is a platform that is a meeting point between promising crypto projects. As a launchpad, Solanium acts as a bridge for projects to raise initial funding (IDO) through public token sales.

Solanium's advantages lie in its user-friendly design and powerful performance. It's not surprising that this platform is one of the favorites in the Solana ecosystem. Solanium's ambitions don't stop there, they plan to be an all-in-one platform with features such as wallet, exchange and portfolio management.

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How Does Solanium (SLIM) Work?

In order to take part in the IDO party at Solanium, you need to have an entry ticket, namely the xSLIM token. The way to get it is by depositing (staking) SLIM tokens or SLIM-SOL (SLIM-LP) token pairs within a certain period of time. The longer you leave it, the more tickets you get.

This system works with a tier system. The more xSLIM tickets you have, the higher your tier. 

The highest tier has a greater chance of getting a share of tokens in the IDO. But remember, for the initial tier, there is still an element of luck because the distribution of tokens is done randomly.

Apart from that, Solanium also has a system for sharing profits from platform and pool fees for xSLIM holders. So, apart from the opportunity to profit from IDO, you can also harvest from platform fees.

What is SLIM Token?

SLIM is Solanium's native token that serves as the basic ticket to earn xSLIM. Apart from that, SLIM also has a role in platform governance, although it is currently still in the development stage.

Tokenomics Token SLIM

The total supply of SLIM is 100 million tokens. Most of the tokens have already been distributed to the team, company reserves, early investors, and the public. The remainder is allocated to marketing, staking and trading rewards.

How is it divided? Following are the details:

• Development Team (Team): 20%

• Company Reserve: 25%

• Initial Investors (Seed): 5%

• Private Investors (Private): 15%

• Public Sales (Public): 5%

• Liquidity (Liquidity): 15%

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This split provides an overview of how SLIM tokens were distributed at the start of the project. 

However, keep in mind that this distribution may change over time with various factors such as token sales, staking, and other activities in the Solanium ecosystem.

Use of SLIM Tokens

As we already discussed, SLIM is the main key to participate in IDO on Solanium. However, its functions don't stop there. The following is the explanation:

Staking

One way to maximize SLIM is by staking it. This process not only generates an IDO entry ticket in the form of xSLIM, but also provides a share of the platform and pool fees. The more SLIM you deposit, the greater your potential profit.

Governance

Although still in its early stages, SLIM will also play an important role in decision making at Solanium or become a governance token. SLIM holders will have a say in determining the direction of the platform's development. In other words, you can participate in shaping Solanium's future.

Conclusion

Solanium (SLIM) exists as a solution for investors who want to get involved early in potential crypto projects. With a system that is relatively easy to understand and profit opportunities from various sides, Solanium attracts the attention of many crypto fans. 

So, that's the discussion about what Solanium from Bittime is. Hope this helps, OK!

How To Buy Crypto With Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn How to Buy Crypto on Bittime.

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