Soldex Partners up with Synapse to bring new opportunities to the Solana blockchain.

Overview

With a great many changes coming to the crypto world, it’s important to also expand on tried and tested technologies. The Soldex decentralized exchange brings to Solana, one of crypto’s fastest-growing blockchains, many opportunities for the trading of currencies, crypto and NFT assets and much more. Soldex has already revealed many interesting features in its roadmap, and looking at its long term plans it’s a pleasure for veterans in space.

Challenge

Since Soldex set of use cases comes in the form of a very valuable and already financially successful package, the main challenge of the collaboration between Synapse and Soldex is filling the liquidity pools needed for a DEX to kickstart things, alongside the development of marketing, community and advisory strategies aimed towards a smooth transition to the long term goals of the Soldex team.

Solution

With Synapse’s unique set of solutions, Soldex had had ample funds and resources to go around during their foundational stages. The Synapse VC fund has collaborated with them since their earliest stages, while the Launchpad was crucial as a tool to really fuel their initial growth phases. A customized marketing campaign aimed at business partners, like-minded tech projects and of course, the hard base of investors and users is necessary to match the growth Soldex experienced. 

Implementation

As previously mentioned, Synapse’s VC Fund was collaborating with the Soldex team as early as their core building stages. With the initial funds secured to prepare for the first scaling, the Synapse launchpad, coupled with the advisory and marketing team, added to this growth with an additional $500k secured during the Soldex launch, alongside a solid core of more than 2500 new investors interested in the project.