What is Solrise Finance?
SLRS is the native token of Solrise Finance, which is a non-custodial Solana-based digital asset management platform. Anyone who has as little as $20 can create, manage and invest in a portfolio of synthetic and natural assets. The Solana blockchain provides Solrice Finance with competitive speed, reliability, and security.
Check out the live SLRS price on the up-to-date Solrise Finance price chart above.
The Solrise Finance platform offers an easy user interface that is great for new investors. A user can choose among different funds offered by managers. The platform provides funds for all investment levels and risk-level strategies. These are described and measured in a transparent and objective manner. Moreover, there is a possibility to choose a fund that focuses on a specified asset class and market environments, such as NFTs, tokens, or synthetic assets.
Not only anyone can invest, but also anyone can create an investment fund and act as its manager. The protocol assesses the effectiveness and reliability of a new portfolio and verifies whether is it reliable enough to be added to the platform.
Use Cases of SLRS Tokens
Solrise Finance token (SLRS) is a functional, non-refundable utility token that is used as a decentralized means of exchange in the Solrise ecosystem. The main utility of the SLRS is acting as a secure method of payment and settlement. Users spend it to pay gas fees while fund managers are using it to reduce part of the administration fees.
More utilities of SLRS are connected with staking. Managers who stake SLRS get a higher share of the performance fee. Staking investors pay lower exit fees when they are exiting a fund, while Solflare users pay lower in-app swap fees.
If you plan to buy Solrise Finance crypto assets, make a thorough SLRS price analysis. Use the aforementioned Solrise Finance price chart for doing that.
Tokenomics of SLRS
Solrise Finance has a maximum supply of 1 billion tokens. The token allocation is as follows – 20% went to the team, 30% to ecosystem incentives, 30% to the foundation, 12% to fundraising, 5% to liquidity, and 2% to the advisors.
Who Founded Solrise Finance?
The team standing behind Solrise Finance is led by the CEO and founder Vidor Gancel. He is a computer science Ph.D. candidate with a focus on the blockchain space, especially Ethereum, Hyperledger, and Tendermint. His experience in software started in 2010 and includes creation of various solutions for microprocessors, banking, and real money hardware.
