The Solana Surge: How Print Protocol is Revolutionizing DeFi with Secure Trading and Revenue Sharing
14 July 2024 - 8:00AM
As the Solana Summer and the overall crypto market continue to
evolve, the landscape of decentralized finance (DeFi) remains in
constant flux. The period of late 2023 and early 2024 marked a
significant resurgence in the crypto markets, with Solana ($SOL) at
the forefront, reminiscent of past booms in the blockchain
industry.
One of the standout phenomena driving this resurgence was the
wave of Solana memecoins, notably $BONK and $WIF, which ignited a
meme-mania across the community. This surge in activity not only
drew considerable attention to the Solana blockchain but also
solidified its reputation as a prime destination for developers and
investors alike.
Why Solana? Why Now?
For those new to the world of DeFi and Solana, understanding the
basics is crucial. Solana is like a super-fast, magical playground
where people can create and trade digital tokens safely and
quickly. Now, these tokens are getting more popular and valuable,
especially with fun, catchy names like $BONK and $WIF.
Print Protocol on Solana seamlessly integrates into this
burgeoning ecosystem by offering unique features designed to
empower everyday investors. At the heart of this platform is
PrintDex, a decentralized exchange (DEX) that prioritizes user
security and fairness. PrintDex incorporates sophisticated anti-bot
mechanisms and maximum wallet limits, ensuring that users can trade
tokens without the fear of being overwhelmed by large wallet dumps
that can destabilize markets. This means that even those new to
crypto trading, the average Joe, can engage in trading with
confidence and peace of mind, knowing their investments are
safeguarded against manipulative practices and constant
dumping.
Moreover, PrintDex goes beyond just providing a safe trading
environment. By holding $PRINT tokens, users can benefit from an
innovative H2E (Hold to Earn) model, and a Revenue Share Model,
where they earn a share of the revenue generated by PrintDex. This
model transforms passive holding into a lucrative venture, offering
a steady rewards stream derived from the exchange’s trading
activities. As a result, Print on Solana not only democratizes
access to secure trading but also allows investors to share in the
success and growth of the platform, making it a compelling choice
for both seasoned traders and newcomers alike.
Why Print?
Through all the chaos and memes the team at $PRINT
(@PrintProtocol) figured out the first ever auto-rewards token to
reward holders in $SOL, to the success of a 30M MC all-time-high.
Before $PRINT launched in late January of this year, a taxed token
had never existed on-chain, let alone one with a working
auto-rewards script. Using Token-2022, a token program on the
Solana Blockchain, the team was able to bring something innovative
to Solana users.
As 2024 has passed, Print Protocol has continued its long-term
development, putting their focus into continued innovation through
a relatively unexplored feature of Solana, Transfer Hook
Extensions.
All of this has led to the team recently rolling out ‘PrintDEX’
(https://www.printdex.io/), the first ever Decentralized Exchange
on Solana to offer maximum transaction limits, max wallet limits,
taxes and more, all through Token-2022 support and transfer hook
extensions.
In addition to rewarding holders through an 8% token tax, the
team has also recently implemented Revenue Sharing through
transactional fees on the DEX. A nominal 0.0005 $SOL fee is
accumulated for every transaction on PrintDEX with 60% going
directly back to holders in $SOL.
As development on the DEX continues, the backend team at $PRINT
hold public X/Twitter spaces a few times a month to update the
community and discuss the outlook for Print Protocol. The team will
be in attendance at Solana Breakpoint this fall and continues to
build robust partnerships and support within the Solana
community.
Learn more about Print Protocol here:
X: https://x.com/PrintProtocolX:
https://x.com/printdexSolTelegram: https://t.me/printsolanaWebsite:
https://printsolana.com/DEX: https://www.printdex.io/
Eray Alkan
team(at)printsolana.com