# Introduction
The Solanium platform is a decentralized platform on the Solana blockchain. The platform will introduce [**decentralized fundraising**](/the-solanium-platform/pools), [**time-weighted token staking**](/the-solanium-platform/staking) and [**governance voting**](/the-solanium-platform/governance) to the Solana ecosystem.
We are giving high priority to both UI and UX, as we think good UI is one of the core principles that are currently lacking or not prioritized in the ecosystem. We feel that this is one of the most important factors to onboard new(bie) users to the Solana ecosystem. \
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The platform will be an all-in-one solution for Solana, with integrated wallet, DEX and transaction management. All major Solana wallets will be supported. The platform will extend any connected wallet with inline wallet management. The user does not have to leave the platform to see token balances, send or receive tokens or manage token accounts. Experienced users can still manage their wallet through their wallet provider, and any changes will directly be reflected on the platform.
#### Get to know Solanium!
This portal serves as knowledge base for the Solanium platform. You can read our tokenomics and roadmap, as well as dive into the different products currently in the pipeline. The docs describe the vision of the team, new functionality or implementations may be introduced at any time.
We recommend starting with our [**frequently asked questions**](/frequently-asked-questions)**.**
# Tokenomics
### Token information
**Type:** SPL Token on Solana\
**Ticker:** SLIM\
**Total supply:** 100,000,000 SLIM (fixed)\
**Token contract:** [xxxxa1sKNGwFtw2kFn8XauW9xq8hBZ5kVtcSesTT9fW](https://explorer.solana.com/address/xxxxa1sKNGwFtw2kFn8XauW9xq8hBZ5kVtcSesTT9fW)
**Initial circulating supply:** 30,000,000 SLIM\
**Initial market cap:** $6,000,000 USD
**Private sale price:** $0.133 - $0.183 USD\
**Public sale price:** $0.20 USD
### Token distribution
Both our seed and private sale rounds are distributed over many different participants. By distributing our seed, private and public sales we are trying to create the most fair token distribution on launch possible with no single entity holding large quantities of the supply. \
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For token vesting, we will use [Bonfida's vesting contracts](https://github.com/Bonfida/token-vesting) to lock tokens ahead of the public sale. For sake of transparency all addresses and vesting seeds will be published here, but you can already get an overview of it if you take a look at the [distribution page](https://explorer.solana.com/address/xxxxa1sKNGwFtw2kFn8XauW9xq8hBZ5kVtcSesTT9fW/largest) in the explorer.
#### Circulating supply over time
# Roadmap
## Q2 2021
* Base platform launch: new website, tradable [DEX UI](/the-solanium-platform/trade)
* Beta tester incentive program
* Public Token Sale
* Liquidity Provider incentive program
## Q3 2021
* Token staking launch
* First phase of [Solanium Pools](/the-solanium-platform/pools) live
## Q4 2021
* Second phase of [Solanium Pools](/the-solanium-platform/governance) live (extended functionalities)
* Start development [Solanium Governance](/the-solanium-platform/governance)
## Q1 2022
* First phase of [Solanium Governance](/the-solanium-platform/governance) live
# Frequently Asked Questions
## What is the token contract address?
The contract address is `xxxxa1sKNGwFtw2kFn8XauW9xq8hBZ5kVtcSesTT9fW`. The token is an SPL token on the Solana blockchain. Make sure not to buy any fake tokens, always keep an eye out on our official social media channels. You can view more information on our [tokenomics](/tokenomics) page.
## Will there be a public token sale?
Our public sale was conducted from 21 May till 22 May 2021.
## Will there be an airdrop?
Airdrop distribution has been completed.
## What is the difference between Solanium and \[insert launchpad project here]?
Our issue with most launchpad projects and platforms is that they are basically fully centralized. A central entity manages which projects are allowed on the platform, most of the time combined with a lot of insider information and trading. Solanium is an open platform where everyone can create a pool and raise funds. \
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Besides just Solanium Pools we have many other products in the pipeline. Our token is integrated into every product on the platform.
## How can I contact the team?
You can reach us at `support@solanium.io`
# Trade
The first phase of the platform will be launching a custom GUI for the Serum DEX. Finalized pools can immediately create a Serum market and start trading on the permission-less DEX.
There are currently many hosted front-ends available to trade on Serum, but they are all based on, or forked from, the Serum repository. Solanium will provide a custom Serum GUI, built from scratch. Which will support several key features such as a custom grid, transaction manager, rich data display fetched from the Serum API and partners and will be fully responsive and dynamic.
Trading on the DEX should be experienced as CEX trading (in terms of UI and UX). We will supply the user with the required information to start trading, and show a quick tutorial on all the functions if it is the user’s first visit on the DEX. Referral fees collected on Serum trades will go the [**Governance Treasury**](/the-solanium-platform/governance).
# Staking
SLIM tokens are lockable for a selectable locktime, with a maximum locktime of 1 year. By locking SLIM tokens in the staking contract, the user will receive a xSLIM balance. xSLIM tokens are not transferrable.
The height of the xSLIM balance is based on the amount of SLIM tokens locked, and the time left before the tokens unlock. The xSLIM balance is linearly decreasing since the time of lock. The SLIM tokens locked can not be withdrawn before the timelock has expired. However, it is possible to extend the timelock or increase the amount of staked SLIM tokens.
xSLIM token qualifies the user for fee distribution, voting rights and exclusive or early pool access.
# Pools
The core function of the platform will be Solanium Pools. On Solanium Pools, anyone with a Solana wallet can create a pool to distribute a SPL token. We will provide an easy to use UI, where users can set-up their pool with just a few clicks. The UI will also have the option to create the SPL token for the user, if the user did not deploy a SPL token yet.
The team will still manage the front-end, and has the possibility to filter and feature certain pools, but anyone can create a pool on the Solana blockchain and create an own UI to interact with it.
Every pool has a fixed percentage of fees that go to the xSLIM token holders and to the [**Governance Treasury**](/the-solanium-platform/governance)**.** Public pools will first be opened to xSLIM holders, who get an allocation based on their holding, before opening up to the general public. Pool creators will be incentived to prioritize xSLIM holders.
> Example: Pool X raises 10000 USDC, selling 1000 DEMO tokens. 2% of 10000 USDC will be distributed to xSLIM holders and 2% of 1000 DEMO will be put in the [Governance Treasury](/the-solanium-platform/governance).
# 🏛️ Governance
The first phase of the Governance will be a mix between a centralized solution and blockchain voting. There will be a centralized app, where users can sign with their wallet and cast a vote. The votes will be saved in the database of the application. This can be compared to [Snapshot](https://snapshot.page) for Ethereum projects.
We will slowly convert this to fully decentralized application with on-chain voting. The reason behind releasing a semi-decentralized solution first, is because we want to capture community engagement as soon as possible. The application will be open to other Solana projects, that are able to create their own environment on there. The governance will be in charge of the Solanium Treasury. The vote-weight of a user is based on the amount of xSLIM tokens the user has at the time of casting the vote.
# Disclaimer
PLEASE READ THE ENTIRETY OF THIS "NOTICE AND DISCLAIMER" SECTION CAREFULLY. NOTHING HEREIN CONSTITUTES LEGAL, FINANCIAL, BUSINESS OR TAX ADVICE AND YOU SHOULD CONSULT YOUR OWN LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR(S) BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH. NEITHER SOLANIUM LIMITED (THE COMPANY), ANY OF THE PROJECT TEAM MEMBERS (THE SOLANIUM TEAM) WHO HAVE WORKED ON THE SOLANIUM PLATFORM (AS DEFINED HEREIN) OR PROJECT TO DEVELOP THE SOLANIUM PLATFORM IN ANY WAY WHATSOEVER, ANY DISTRIBUTOR/VENDOR OF SLIM TOKENS (THE DISTRIBUTOR), NOR ANY SERVICE PROVIDER SHALL BE LIABLE FOR ANY KIND OF DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER WHICH YOU MAY SUFFER IN CONNECTION WITH ACCESSING THIS LITEPAPER OR ANY DOCUMENTATION RELATING TO SOLANIUM OR SLIM TOKENS (THE TOKEN DOCUMENTATION), THE WEBSITE AT (THE WEBSITE) OR ANY OTHER WEBSITES OR MATERIALS PUBLISHED BY THE COMPANY.
Project purpose: You agree that you are acquiring SLIM to participate in the Solanium platform and to obtain services on the ecosystem thereon. The Company, the Distributor and their respective affiliates would develop and contribute to the underlying source code for the Solanium platform. The Company is acting solely as an arms’ length third party in relation to the SLIM distribution, and not in the capacity as a financial advisor or fiduciary of any person with regard to the distribution of SLIM.
Nature of the Token Documentation: The Token Documentation and the Website are intended for general informational purposes only and do not constitute a prospectus, an offer document, an offer of securities, a solicitation for investment, or any offer to sell any product, item, or asset (whether digital or otherwise). The information herein may not be exhaustive and does not imply any element of a contractual relationship. There is no assurance as to the accuracy or completeness of such information and no representation, warranty or undertaking is or purported to be provided as to the accuracy or completeness of such information. Where the Token Documentation or the Website includes information that has been obtained from third party sources, the Company, the Distributor, their respective affiliates and/or the Solanium team have not independently verified the accuracy or completeness of such information. Further, you acknowledge that circumstances may change and that the Token Documentation or the Website may become outdated as a result; and neither the Company nor the Distributor is under any obligation to update or correct this document in connection therewith.
Token Documentation: Nothing in the Token Documentation or the Website constitutes any offer by the Company, the Distributor, or the Solanium team to sell any SLIM (as defined herein) nor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection with, any contract or investment decision. Nothing contained in the Token Documentation or the Website is or may be relied upon as a promise, representation or undertaking as to the future performance of the Solanium platform. The agreement between the Distributor (or any third party) and you, in relation to any distribution or transfer of SLIM, is to be governed only by the separate terms and conditions of such agreement.
The information set out in the Token Documentation and the Website is for community discussion only and is not legally binding. No person is bound to enter into any contract or binding legal commitment in relation to the acquisition of SLIM, and no digital asset or other form of payment is to be accepted on the basis of the Token Documentation or the Website. The agreement for distribution of SLIM and/or continued holding of SLIM shall be governed by a separate set of Terms and Conditions or Token Distribution Agreement (as the case may be) setting out the terms of such distribution and/or continued holding of SLIM (the Terms and Conditions), which shall be separately provided to you or made available on the Website. The Terms and Conditions must be read together with the Token Documentation. In the event of any inconsistencies between the Terms and Conditions and the Token Documentation or the Website, the Terms and Conditions shall prevail.
Deemed Representations and Warranties: By accessing the Token Documentation or the Website (or any part thereof), you shall be deemed to represent and warrant to the Company, the Distributor, their respective affiliates, and the Solanium team as follows:
1. in any decision to acquire any SLIM, you have shall not rely on any statement set out in the Token Documentation or the Website;
2. you will and shall at your own expense ensure compliance with all laws, regulatory requirements and restrictions applicable to you (as the case may be);
3. you acknowledge, understand and agree that SLIM may have no value, there is no guarantee or representation of value or liquidity for SLIM, and SLIM is not an investment product nor is it intended for any speculative investment whatsoever;
4. none of the Company, the Distributor, their respective affiliates, and/or the Solanium team members shall be responsible for or liable for the value of SLIM, the transferability and/or liquidity of SLIM and/or the availability of any market for SLIM through third parties or otherwise; and
5. you acknowledge, understand and agree that you are not eligible to participate in the distribution of SLIM if you are a citizen, national, resident (tax or otherwise), domiciliary and/or green card holder of a geographic area or country (i) where it is likely that the distribution of SLIM would be construed as the sale of a security (howsoever named), financial service or investment product and/or (ii) where participation in token distributions is prohibited by applicable law, decree, regulation, treaty, or administrative act (including without limitation the United States of America and the People's Republic of China); and to this effect you agree to provide all such identity verification document when requested in order for the relevant checks to be carried out.
The Company, the Distributor and the Solanium team do not and do not purport to make, and hereby disclaims, all representations, warranties or undertaking to any entity or person (including without limitation warranties as to the accuracy, completeness, timeliness, or reliability of the contents of the Token Documentation or the Website, or any other materials published by the Company or the Distributor). To the maximum extent permitted by law, the Company, the Distributor, their respective affiliates and service providers shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including, without limitation, any liability arising from default or negligence on the part of any of them, or any loss of revenue, income or profits, and loss of use or data) arising from the use of the Token Documentation or the Website, or any other materials published, or its contents (including without limitation any errors or omissions) or otherwise arising in connection with the same. Prospective acquirors of SLIM should carefully consider and evaluate all risks and uncertainties (including financial and legal risks and uncertainties) associated with the distribution of SLIM, the Company, the Distributor and the Solanium team.
Informational purposes only: The information set out herein is only conceptual, and describes the future development goals for the Solanium platform to be developed. In particular, the project roadmap in the Token Documentation is being shared in order to outline some of the plans of the Solanium team, and is provided solely for INFORMATIONAL PURPOSES and does not constitute any binding commitment. Please do not rely on this information in deciding whether to participate in the token distribution because ultimately, the development, release, and timing of any products, features or functionality remains at the sole discretion of the Company, the Distributor or their respective affiliates, and is subject to change. Further, the Token Documentation or the Website may be amended or replaced from time to time. There are no obligations to update the Token Documentation or the Website, or to provide recipients with access to any information beyond what is provided herein.
Regulatory approval: No regulatory authority has examined or approved, whether formally or informally, any of the information set out in the Token Documentation or the Website. No such action or assurance has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of the Token Documentation or the Website does not imply that the applicable laws, regulatory requirements or rules have been complied with.
Cautionary Note on forward-looking statements: All statements contained herein, statements made in press releases or in any place accessible by the public and oral statements that may be made by the Company, the Distributor and/or the Solanium team, may constitute forward-looking statements (including statements regarding the intent, belief or current expectations with respect to market conditions, business strategy and plans, financial condition, specific provisions and risk management practices). You are cautioned not to place undue reliance on these forward-looking statements given that these statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results to be materially different from that described by such forward-looking statements, and no independent third party has reviewed the reasonableness of any such statements or assumptions. These forward-looking statements are applicable only as of the date indicated in the Token Documentation, and the Company, the Distributor as well as the Solanium team expressly disclaim any responsibility (whether express or implied) to release any revisions to these forward-looking statements to reflect events after such date.
References to companies and platforms: The use of any company and/or platform names or trademarks herein (save for those which relate to the Company, the Distributor or their respective affiliates) does not imply any affiliation with, or endorsement by, any third party. References in the Token Documentation or the Website to specific companies and platforms are for illustrative purposes only.
English language: The Token Documentation and the Website may be translated into a language other than English for reference purpose only and in the event of conflict or ambiguity between the English language version and translated versions of the Token Documentation or the Website, the English language versions shall prevail. You acknowledge that you have read and understood the English language version of the Token Documentation and the Website.
No Distribution: No part of the Token Documentation or the Website is to be copied, reproduced, distributed or disseminated in any way without the prior written consent of the Company or the Distributor. By attending any presentation on this Token Documentation or by accepting any hard or soft copy of the Token Documentation, you agree to be bound by the foregoing limitations.
# Risks
YOU ACKNOWLEDGE AND AGREE THAT THERE ARE NUMEROUS RISKS ASSOCIATED WITH ACQUIRING SLIM, HOLDING SLIM, AND USING SLIM FOR PARTICIPATION IN SOLANIUM. IN THE WORST SCENARIO, THIS COULD LEAD TO THE LOSS OF ALL OR PART OF SLIM HELD. IF YOU DECIDE TO ACQUIRE SLIM OR PARTICIPATE IN SOLANIUM, YOU EXPRESSLY ACKNOWLEDGE, ACCEPT AND ASSUME THE FOLLOWING RISKS:
1. Uncertain Regulations and Enforcement Actions: The regulatory status of Solanium, SLIM and distributed ledger technology is unclear or unsettled in many jurisdictions. The regulation of digital assets has become a primary target of regulation in all major countries in the world. It is impossible to predict how, when or whether regulatory agencies may apply existing regulations or create new regulations with respect to such technology and its applications, including SLIM and/or Solanium. Regulatory actions could negatively impact SLIM and/or Solanium in various ways. The Company, the Distributor (or their respective affiliates) may cease operations in a jurisdiction in the event that regulatory actions, or changes to law or regulation, make it illegal to operate in such jurisdiction, or commercially undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction. After consulting with a wide range of legal advisors to mitigate the legal risks as much as possible, the Company and Distributor have obtained a legal opinion on the token distribution, and will be conducting business in accordance with the prevailing market practice.
2. Inadequate disclosure of information: As at the date hereof, Solanium is still under development and its design concepts, consensus mechanisms, algorithms, codes, and other technical details and parameters may be constantly and frequently updated and changed. Although this Litepaper contains the most current information relating to Solanium, it is not absolutely complete and may still be adjusted and updated by the Solanium team from time to time. The Solanium team has no ability and obligation to keep holders of SLIM informed of every detail (including development progress and expected milestones) regarding the project to develop Solanium, hence insufficient information disclosure is inevitable and reasonable.
3. Competitors: Various types of decentralised applications and networks are emerging at a rapid rate, and the industry is increasingly competitive. It is possible that alternative networks could be established that utilise the same or similar code and protocol underlying SLIM and/or Solanium and attempt to re-create similar facilities. Solanium may be required to compete with these alternative networks, which could negatively impact SLIM and/or Solanium.
4. Loss of Talent: The development of Solanium greatly depends on the continued co-operation of the existing technical team and expert consultants, who are highly knowledgeable and experienced in their respective sectors. The loss of any member may adversely affect Solanium or its future development. Further, stability and cohesion within the team is critical to the overall development of Solanium. There is the possibility that conflict within the team and/or departure of core personnel may occur, resulting in negative influence on the project in the future.
5. Failure to develop: There is the risk that the development of Solanium will not be executed or implemented as planned, for a variety of reasons, including without limitation the event of a decline in the prices of any digital asset, virtual currency or SLIM, unforeseen technical difficulties, and shortage of development funds for activities.
6. Security weaknesses: Hackers or other malicious groups or organisations may attempt to interfere with SLIM and/or Solanium in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing and spoofing. Furthermore, there is a risk that a third party or a member of the Company, the Distributor or their respective affiliates may intentionally or unintentionally introduce weaknesses into the core infrastructure of SLIM and/or Solanium, which could negatively affect SLIM and/or Solanium. Further, the future of cryptography and security innovations are highly unpredictable and advances in cryptography, or technical advances (including without limitation development of quantum computing), could present unknown risks to SLIM and/or Solanium by rendering ineffective the cryptographic consensus mechanism that underpins that blockchain protocol.
7. Other risks: In addition, the potential risks briefly mentioned above are not exhaustive and there are other risks (as more particularly set out in the Terms and Conditions) associated with your participation in Solanium, as well as acquisition of, holding and use of SLIM, including those that the Company or the Distributor cannot anticipate. Such risks may further materialise as unanticipated variations or combinations of the aforementioned risks. You should conduct full due diligence on the Company, the Distributor, their respective affiliates, and the Solanium team, as well as understand the overall framework, mission and vision for Solanium prior to participating in the same and/or acquiring SLIM.