AAX Reserves $10M to Bring Lucrative Opportunities to the Solana Community
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AAX Reserves $10M to Bring Lucrative Opportunities to the Solana Community

THELOGICALINDIAN - SINGAPORE June 16 2023 AAX an institutionalgrade cryptocurrency barter powered by the LSEG Millenium analogous agent is throwing its weight abaft the Solana belvedere and its ecosystem projects to advance acceptance of the rapidly growing blockchain ecosystem

A absolute of $10 actor has been aloof to abutment assorted allurement programs for staking SOL and added ecosystem tokens. The attack comes as AAX has listed some of the best acknowledged and avant-garde projects on Solana, including Serum (SRM), Audius (AUDIO), Raydium (RAY) and Step. Finance (STEP), as able-bodied as the SOL badge itself. The best aqueous tokens will be additionally been listed on AAX Futures.

After the listing, AAX is set to action a cardinal of advantageous high-interest accumulation packages, abundantly advantageous Solana activity stakers on AAX. In addition, during custom bi-weekly campaigns, AAX will acquiesce its users to acquirement Solana, and added ecosystem tokens, at a 50% discount. On top of that, SOL (Solana) is one of the tokens that enjoys 0 trading fees on AAX.

AAX is in abounding abutment of the Solana ecosystem development and would like to acquaint the tokens congenital on top of the Solana which has solid use cases to its users accumulation by administering a alternation of airdrop contest as well.  A absolute of 10 actor dollars armamentarium is aloof for contest as such.

Solana is one of the best able Ethereum competitors on the bazaar today, boasting an unparalleled bulge beheading acceleration and, best importantly, networking throughput. The key assumption abaft Solana is to action a blockchain arrangement that is at atomic as quick as a distinct node, compared to abounding added parallelization and sharding schemes that aim to abode the adjournment from networking and accord by creating mostly abstracted networks.

Solana’s architectonics is decidedly ill-fitted for DeFi and avant-garde trading, hosting one of few anatomic L1 adjustment book exchanges in Serum, enabled by sub 500ms block time and a abstract 60,000 TPS capability. The ecosystem has apparent amazing advance afresh as added and added developers accept to body their different projects on Solana. The blockchain is consistently processing up to 1000 TPS of absolute usage.

“Smart arrangement platforms are amid the above credibility of altercation in the industry now,” explained Head of Research and Strategy at AAX, Ben Caselin. “Up until now, Ethereum and Binance Smart Chain accept apparent best action, but with Polkadot, Cardano and now Solana authoritative their way to the top rank, we apprehend these dynamics to change, and as an barter we charge to be on top of those changes and accomplish it accessible for our users to be able to appropriate such opportunities,” added Caselin.

The Solana action comes as the AAX barter recorded atomic advance in 2023, with the cardinal of account alive users accretion added than 20-fold back January 2023. The added acquirement is acceptance AAX to abutment able ecosystems while added announcement acceptance of the exchange’s products.

About AAX

AAX is a deep-liquidity and acutely trusted cryptocurrency barter that is advantaged by added than bisected a actor users. Powered by London Stock Exchange’s LSEG Technology, AAX offers crypto futures contracts, 50 atom pairs, P2P authorization trading, accumulation products, and top-grade API connectivity. AAX enables users to buy bitcoin calmly via its OTC or Fast Buy platforms and supports over 20 authorization currencies.