Solcubator Community Update — 23/08/2021

Dear Community,

This article will describe the changes coming to Solcubator and how we want to move forward. Let’s get straight to the point.

For one, we are changing our tokenomics in a way that will benefit you, the investor. It primarily comes down to raising less liquidity during the Solcubator public IDO, decreasing the initial market cap, and making an early investment in $SOLC more attractive. Our ambitions for Solcubator’s future are sky-high, and we will rapidly make more noise as soon as we hit the market to reward our early investors for their everlasting support. With that being said, please take a look at our new tokenomics:

Secondly, we’re officially revamping Solcubator into a multi-purpose DeFi service provider. Although it’s an integral part of the ecosystem, a launchpad should not be central to our brand; we are confident we can offer you more.

In simple terms, you can expect at least one DeFi product per quarter after our launch. Below you can view an outline of the products that make up the first version of the Solcubator protocol.

Solcubator

Solcubator is a permissionless and community-governed launchpad, acting as a driver to the expansion and adoption of the Solana ecosystem. We designed our platform to be a factory for bringing high-quality Solana projects to the market. We want to welcome both project owners seeking funding and incubation and investors looking for value-added projects as it’s community-driven. Anyone can apply to be eligible for fundraising, but ultimately, the power is in the hands of the community to decide which projects make it through. The point is to make $SOLC holders the most prominent figures in our ecosystem and to give the SOLC token an active role across all our products. Even a smaller holder will have a say in our launchpad environment, and we will continue to give it a central position and more utility above all.

SolcuFarm

The purpose of SolcuFarm is to offer you the highest possible yield in return for staking $SOLC or other cryptocurrencies, such as Solana or Bitcoin. There will be separate staking pools set up for these, and each pool comes with a different APY depending on the quantity staked and the lock-up period. We also plan to use the platform to organize future liquidity mining programs. However, don’t confuse SolcuFarm for the place where you stake your $SOLC for IDO participation and guaranteed allocation; this will be a native feature of our Solcubator launchpad instead. The same applies to access to governance features.

SolcuDex

The Solcubator ecosystem will incorporate an advanced decentralized exchange (DEX) called SolcuDex that is secure, easy to use, and feature-packed. In the image of this concept, a high-quality GUI is inherent to our exchange. Upon launch, you can expect common order types such as stop-loss and take-profit orders to be supported.

‌Our DEX will entail full order books on cross-chain markets and trading tokens across different blockchains alongside multiple order types. The aim has always been to provide the ease and convenience of a centralized solution in a decentralized manner, but we want to take it even further. We believe a highly customized DEX fits in well with our vision of becoming a decentralized financial services platform.

‌Together with the community’s approval, we will work on introducing other innovative features along the way.

Lending & Borrowing

Another component of the Solcubator ecosystem would be a lending & borrowing platform dedicated to providing borrowers worldwide easy access to loans, and lenders can find high-yield investment opportunities. Our new, highly efficient, and secure peer-to-peer (P2P) lending model is based on blockchain technology and uses smart contracts to create a safe and effective environment for both parties.

The ultimate goal is to build a globally accessible digital currency lending network. Any individual with an Internet connection can practically take out a loan or access a range of financial services, including exchanges and crypto banks. We believe this concept can help us drastically expand our audience outside of the cryptocurrency market, which motivates us to evolve the idea systematically as we strive to make Solcubator a mainstream brand.

More specific and unique features related to the platform are currently under research.

New Public Sale Structure

First, we would like to address any airdrop-related concerns. As you know, we organized one airdrop before the whitelist and the other one together with the whitelist. If you participated in either (or both) of them, we don’t want you to worry; a valid entry will lead you to receive your SOLC tokens right after the TGE in the first week of launch.

Though we haven’t revealed the whitelisted addresses, it’s because we’re currently in talks with other launchpad platforms to organize our sale. Under the new tokenomics, the presale will offer 10,000,000 $SOLC for $0.035 per token (denominated in SOL or USDT). Hosting the complete IDO elsewhere relieves pressure to work on other aspects of our brand (as described earlier) while letting the public speculate on our token. For the last two weeks, we’ve been hiring additional personnel to assist us in adhering to the standard of one DeFi product per quarter. Great things are coming for Solcubator!

So…What’s Next?

Please wait for the next announcement regarding a partnership with the launchpad in question that will facilitate our TGE. We will publish another Medium article outlining the IDO’s procedure. The idea is to launch to the market no later than the beginning of October, and we are working hard to fulfill that promise.

Keep in touch with us:

🌍 Website: https://solcubator.io/
🐦 Twitter: https://twitter.com/Solcubator
📄 Docs: https://docs.solcubator.io/
🔊 Announcement Channel: https://t.me/SolcubatorAnn
💬 Community Channel: https://t.me/Solcubator

*Disclaimer*

Always double-check that you’re using the official channels mentioned on our website and Twitter, and especially watch out for fake Telegram groups.

Solcubator aims to drive the expansion and adoption of the Solana ecosystem by providing a secure and decentralized IDO platform.