Singapore, 22nd May 2023, King NewsWire – Solaris Network, a leading decentralized platform at the forefront of blockchain technology, announces the launch of its revolutionary synthetic asset ecosystem. Built on the principles of Web 3.0 technology, Solaris Network offers users a decentralized platform to create and trade synthetic assets, bridging the gap between traditional finance and decentralized finance (DeFi).
Unlike traditional financial instruments, synthetic assets on Solaris Network simulate the price movements of real-world assets without the need to hold the underlying asset. By collateralizing cryptocurrencies and related derivatives, users can mint synthetic assets representing a wide range of assets, including stocks, commodities, currencies, and more. These synthetic assets can then be traded on the platform, providing users with a diverse portfolio of investment opportunities.
“The world of finance has undergone a paradigm shift, and Solaris Network is at the forefront of this transformation,” says CEO Adev Aarons. “Our decentralized synthetic asset platform enables users to engage in trustless, barrier-free financial services, opening up new possibilities for investors globally.”
Solaris Network’s decentralized platform is built on the Binance Smart Chain (BSC), with plans to expand to other blockchain networks in the future. The platform’s programmable asset characteristics, empowered by smart contracts, allow for the creation and expansion of innovative DeFi derivatives. Furthermore, Solaris Network addresses the challenge of bringing real-world assets on-chain in a trustless manner, providing investors with access to various financial products such as foreign exchange, stocks, stock indices, options, futures, and insurance.
The team behind Solaris Network consists of industry experts dedicated to driving the platform’s growth. Led by CEO Adev Aarons, the team brings a wealth of experience in finance, technology, customer service, and strategic planning. With their collective efforts, Solaris Network aims to position itself as a leader in the synthetic asset market.
One of Solaris Network’s primary advantages is its decentralized community autonomy through a DAO (Decentralized Autonomous Organization). Users have the power to vote on crucial platform decisions, including the types of assets available for trading and the composition of currency indexes. This level of community involvement is unprecedented in traditional financial markets, further highlighting Solaris Network’s commitment to decentralized finance.
“Solaris Network’s vision is to revolutionize decentralized finance by offering cutting-edge DeFi services and synthetic asset trading,” adds COO Lorena Fernández. “Our platform serves as a bridge between on-chain and off-chain finance, providing endless opportunities for users to grow their investments and embrace the world of decentralized trading and investment.”
As Solaris Network continues to expand and innovate, it invites users and organizations in the global financial sector to explore its all-inclusive platform. With a focus on reliability, security, and scalability, Solaris Network aims to make crypto trading and investment accessible to all, without the need for extensive knowledge.
To learn more about Solaris Network and stay updated on the latest developments, please visit:
Twitter: Solaris Network Twitter
Telegram: Solaris Network Telegram
Discord: Solaris Network Discord
Gitbook: Solaris Network Gitbook
LinkedIn: Habib Shaikh LinkedIn
Telegram: Habib Shaikh Telegram
About Solaris Network:
Solaris Network is a decentralized synthetic asset platform built on Web 3.0
Organization: Solaris Network
Contact Person: Solaris Network
Release Id: 2205233652
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Financial Reporting 24 journalist was involved in the writing and production of this article.