Solana’s SolRazr launchpad going live, native token aims to raise $250K

Venture platform SolRazr, which introduced a decentralized developer ecosystem for the Solana blockchain, announced that its Launchpad is going live on October 4, 2021. SOLR, their native crypto token, will be offered to raise capital of $250,000. SolRazr’s IDO is also being launched via their platform, Invezz learned from a press release.

The company will announce the amount of SOLR tokens offered during the sale and the offering price a few days before the IDO. It will be possible to unlock 50% of the IDO tokens immediately. The rest will be distributed at 10% month over 5 months. Developed to act as the actual fundraising platform for software projects on Solana, SolRazr will ensure a high-performance network to accelerate the development of the promising DeFi ecosystem.

Sreekanth Kalapur, Co-founder at SolRazr, said:

Maksym Kyryliuk, co-founder at CryptoDiffer, added:

Vladyslav Skakun managing partner at ZBS Capital, commented:

SolRazr is bot-proof, inexpensive, and fast

According to Kalapur, the platform is highly secure, optimized for speed, performant, and inexpensive to use. He added that SolRazr was much more than a launchpad. With the platform with developer tools they’re creating, anyone will be able to deploy applications on Solana. SolRazr leverages non-fungible tokens (NFTs) on Solana, which is a unique allocation model for retail clients.

Only ‘multi-threaded blockchain’ in the industry

Thanks to Solana’s optimization, it can handle 50,000 transactions per second. GPU hardware handles them in parallel, with Solana being the “only multi-threaded blockchain” in the crypto space. This is part of the reason why it’s becoming so popular with institutional clients. According to a report by European digital asset manager CoinShares, Solana has become an institutional favorite.