🔍FAQ

Welcome to the SOLX FAQ Page! Here you'll find answers to the most common questions about the SOLX platform.

Understanding SOLX

What is SOLX?

SOLX is a decentralized finance (DeFi) platform built on the Solana blockchain. It offers a suite of financial tools and services designed to provide fast, secure, and low-cost financial transactions and investment opportunities.

How dose SOLX work?

SOLX leverages the high throughput and low transaction costs of the Solana blockchain to provide scalable DeFi solutions. Users can participate in minting, earn interest through SOLX Boost, and maintain liquidity using SOLX Swap.

User Guidance

Wallet Connection

How do I connect my wallet?

1. Visit the SOLX platform and click on the "Connect" button.

2. Choose from supported wallets like Solflare or Phantom.

3. Follow the on-screen instructions to securely link you wallet.

Which wallets are supported?

• Solflare: Know for robust security features.

• Phantom: Offers a user-friendly interface and seamless integration with Solana.

Minting

How to I participate in SOLX Minting?

1. Navigate to the "Minting" section on the SOLX platform.

2. Enter the amount of SOL you wish to contribute.

3. Confirm the transaction to start earning SOLX tokens.

What is the Halving mechanism?

The Halving mechanism reduces the rate of SOLX issuance over time. Early participants receive higher rewards due to the initially higher issuance rates.

Can you provide an example of minting rewards?

• Before Halving: For every 1 SOL provided, you will receive 10 SOLX after a 24-hour cycle.

• After Halving 1: For every 1 SOL provided, you will receive 5 SOLX after 24-hour cycle.

• After Halving 2: For every 1 SOL provide, you will receive 2.5 SOLX after 24-hour cycle.

Boost

How do I engage in SOLX Boost?

1. Go to the "Boost" section on the SOLX platform.

2. Enter the amount of SOLX you want to allocate for earning interest.

3. Confirm the transaction to start earning daily interest.

What are the interest rate and schedules?

Interest rates follow a Halving schedule, providing diminishing returns over time. Early participants benefits from higher interest rates before the Halving reduces them.

Can you provide an example of interest earnings?

• Before Halving:

  • Allocate 1000 SOLX to earn 1.5% daily interest over a 7-day cycle.

  • After 7 days, you will have 1105 SOLX (principle + interest).

• After Halving 1:

  • Allocate 1000 SOLX to earn 0.75% daily interest over a 7-day cycle.

  • After 7 days, you will have 1052.5 SOLX (principle + interest).

• After Halving 2:

  • Allocate 1000 SOLX to earn 0.75% daily interest over a 7-day cycle.

  • After 7 days, you will have 1026.6 SOLX (principle + interest).

Swap

How do I use SOLX Swap?

1. Access the "Swap" section on the SOLX platform.

2. Enter the amount of SOLX you wish to convert back to SOL.

3. Confirm the transaction to complete the swap.

What are the conversion rates and limits?

• The conversion rate is 1700000 SOLX per 1 SOL.

• There is a system-wide cap of 100 Swap transactions to maintain market stability.

Security & Support

How secure is SOLX?

SOLX benefits from the robust security features of Solana network, including decentralized validators and cryptographic protections. In addition, SOLX employs:

• State-of-the-art encryption methods.

• Regular smart contract audits to identify and mitigate potential vulnerabilities.

• Real-time monitoring to detect and respond to threats promptly.

What should I do if I have transferred funds but the system did not record the transaction?

Transaction issues on SOLX are very rare. Our platform is built on the high-performance Solana blockchain, which ensures fast and reliable transactions. However, in the unlikely event that a transaction is not recorded, our audit and support system is in place to promptly address and resolve any issues.

You can visit https://audit.solx.community for assistance. The SOLX team will help to verify and support your transaction.

Step to Follow:

1. Go to https://audit.solx.community/.

2. Fill in required information and submit the form: Provide the following details in the form:

   • Transaction Hash: Enter the unique identifier for the transaction you performed.

   • Transaction Type: Choose the transaction type you performed (contribute SOL, boost SOLX or swap SOLX to SOL).

   • Photo authentication: Upload a proof image (optional).

3. Click the "Send" button to submit your transaction details to the SOLX support team.

4. Stay in the page and wait for the respond in just a minute.

How long will it take for my issue to be resolved?

The SOLX support team strives to address and resolve all transaction issues are quickly as possible. The exact time may vary depending on the complexity of the issue, but rest assured that your case will be handle with priority.

What can I do to prevent transaction issues?

To minimize the risk of transaction issues, ensure that you:

• Double-check the transaction details before confirming.

• Maintain a stable internet connection during the transaction.

• Use supported and secure wallets for your transactions.