Internet City, Dubai–(Newsfile Corp. – June 2, 2022) – LBank Exchange, a global digital asset trading platform, has listed Parasol Finance (PSOL) on June 1, 2022. For all users of LBank Exchange, the PSOL/USDT trading pair is now officially available for trading.
LBank x PSOL
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As the first community governed IDO platform on Solana, Parasol Finance (PSOL) gives a right of governance and voting on projects. Its native token PSOL has been listed on LBank Exchange at 19:00 (UTC+8) on June 1, 2022, to further expand its global reach and help it achieve its vision.
Introducing Parasol Finance
Parasol Finance is the first-ever community governed IDO platform built on Solana with the needs of both projects and investors alike.
The Parasol Finance is unique in the sense of having a delicate balance of interoperability, governance, efficiency, scalability, and speed. Its launchpad enables users to launch an ecosystem that allows users to mint and airdrop their tokens, launch a platform that can create NFTs in the Solana blockchain. It also provides IDO launchpad for decentralized fundraising, and PSOL holder will be able to vote on the platform.
Unlike the conventional launchpads, Parasol Finance launchpad is equitable and designed fair for all. The Parasol IDO Launchpad doesn’t have whitelist spots based on first form fillers. It rewards every token holder and does not have financial barriers regarding getting into the market.
Furthermore, Parasol Finance is adopting a unique and never before seen mechanism for its IDO launchpad. One of the first use cases it’s currently planning with Parasol NFTs is that they will act as keys that unlock access to exclusive communities, events, and most importantly, IDO allocations. These NFTs will represent a user’s share of upcoming IDO sales and will be directly used to purchase IDO tokens based on the user’s NFT.
The key advantage as the ownership of PSOL gives a right of governance and voting on projects. Its governed platform will be an integral part of bringing new and existing projects and protocols into the Parasol ecosystem with the possibility to invest early. In the process, Parasol and the PSOL token will become a foundation for enabling further development with partners, its own platform, and the ecosystem as a whole.
About PSOL Token
Parasol Finance will enable PSOL token holders to gain access to the most promising projects in the DeFi industry. This is raising the necessary funds to launch projects with leading innovation strategies. All PSOL holders will get confirmed allocation regarding their eligibility and experience. They will also be able to vote in the platform to choose what IDOs they want, share their thoughts and give suggestions.
Based on Solana, PSOL has a total supply of 21 million (i.e. 21,000,000) tokens, of which 21% is provided for private sale, another 21% is provided for public sale, 14% is allocated for liquidity providers, 15% is provided for ecosystem development, 7% is allocated to the team, 1% is provided for launch rewards, and the rest 21% is provided for marketing and rewards.
PSOL has been listed on LBank Exchange at 19:00 (UTC+8) on June 1, 2022, investors who are interested in the Parasol Finance investment can easily buy and sell PSOL token on LBank Exchange right now.
Learn More about PSOL Token:
Official Website: https://parasol.finance
About LBank Exchange
LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 7 million users from now more than 210 regions around the world.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Economyessential journalist was involved in the writing and production of this article.