Soldex is a third generation crypto exchange and one of the first decentralized exchanges (DEX) built on Solana. What sets it apart from centralized exchanges and even other DEXs is its unique machine learning algorithms for automated trading that can be developed and distributed by the users themselves.

In addition, the platform is a big plus that it is built on Solana. The Solana blockchain is known to be faster and faster than most modern block chains, providing transaction speeds 2,000 times faster than Ethereum (ETH), but at less than a fraction of the cost. In fact, it was this efficiency that drove Solana’s explosive growth this year, which has naturally been reflected in the enterprise ecosystem.

Soldex believes that it will be uniquely positioned to become a major player in the decentralized exchange and the investors knew it. The platform recently received investment from CSP DAO, a blockchain-focused venture capital firm, and popular tech investor Evan Loutra.

Artificial Intelligence Feature
The platform uses machine learning and neural network algorithms with which traders can customize their robots. These robots will be tailored to the individual trader’s criteria for tolerance of risk, budget, time frame, margin, cryptocurrency pairs and volatility.

DEX tools will not only be used by experienced traders. Even the average trader will have access to educational tools that guide them through the process of setting up an AI-powered trading bot. In addition, novice traders can follow unique trading robots developed by experienced traders, who in turn will receive a commission for their participation.

More information from SOLDEX here
In addition to buying and selling assets, trading robots can also perform market data analysis and risk offerings.

“Our AI is dedicated to helping our users, whether it is a good time or a bad time for the cryptocurrency market. The market is not always green. It also has its ups and downs,” Soldyk explained.

“This new tool will allow users to trade in any market conditions, 24 hours a day, 7 days a week and without human errors.”

Solana Makt
The exchange uses the Solana ecosystem to provide fast and easy trading to the platform users while remaining completely decentralized. According to Soldex, the speed and efficiency of the blockchain infrastructure has always been a major consideration in the development of a “next generation trading platform.”

Solana boasts 65,000 transactions per second (TPS), which makes 30 TPS of Ethereum pale by comparison. Even at these high speeds, the transaction cost can be as high as $0.00001. During the same transaction in Ethereum, users can pay an average of $12 to $13.

“Solana’s technology allows her to do more than just accomplish her mission of mass adoption,” Soldex explains in his white paper.

As a result, Soldex claims that it can perform real-time transactions, simple deposits using swap wallets and swaps at low speed.

Like most decentralized platforms, users can also participate in corporate governance and stimulate liquidity by purchasing the native DEX coin – SOLX. Tokens can be offered to manage rights, pay transaction fees, and even bet on winnings. Soldex is currently conducting a private sale offering SOLX tokens to interested retail investors.

Source: CoinTelegraph