Sign in

Solvex Network SOLVEX Price

$0.157

5.29%

$0.151

24h Range

$0.184

Market Cap

$7,782,556.7

Fully Diluted Valuation

$15,712,373.3

24 Hour Trading Vol

$10,480.0

Circulating Supply

49,531,389.0

Total Supply

100,000,000.0

Max Supply

100,000,000.0

Info

SOLVEX Price Statistics

Solvex Network Price

$0.157

24h Range

$0.151 - $0.184

Percent Change 1h

-1.1%

Percent Change 24h

5.29%

Percent Change 7d

-78.78%

All-time high

$0

All-time low

$0

Simple View
Trading View

1D

7D

1M

1Y

Loading...
Simple View
Trading View

About Solvex Network

What is Solvex Network (SOLVEX)?

Solvex Network (SOLVEX) is an innovative blockchain platform designed to facilitate decentralized finance (DeFi) applications and services. Launched in 2023, it aims to enhance accessibility and usability for users seeking to engage in decentralized trading, lending, and other financial activities. Solvex employs a unique consensus mechanism known as Proof of Stake with Delegated Authority (PoS-DA), which allows for faster transaction speeds and lower fees compared to traditional blockchain networks. The platform supports smart contracts, enabling developers to create complex financial instruments and applications on its infrastructure.

Who are the Founders of Solvex Network?

Solvex Network was co-founded by a team of seasoned professionals in the fields of blockchain technology, finance, and software development. The key figures include:

  • Alex Carter: A blockchain expert previously involved in multiple successful crypto projects, known for his work in DeFi.
  • Maria Lopez: A financial analyst with over a decade of experience in investment banking, focusing on tech-driven financial solutions.
  • Raj Patel: A software architect with a strong background in developing scalable blockchain applications.

How does Solvex Network Work?

Solvex Network operates on a decentralized infrastructure that enables peer-to-peer transactions without the need for intermediaries. The network utilizes its native cryptocurrency, SOLVEX, for transaction fees, staking, and governance. Users can stake their SOLVEX tokens to participate in network validation, earning rewards for securing transactions.

Transactions on Solvex are processed through its unique PoS-DA consensus algorithm, which enhances scalability by allowing a limited number of trusted validators to confirm transactions quickly. This method significantly reduces the energy consumption typically associated with Proof of Work systems. Additionally, Solvex features a user-friendly interface and advanced tools for developers, making it easier to deploy decentralized applications (dApps).

Top Use Cases of Solvex Network

The Solvex Network has several practical applications, including:

  • Decentralized Exchanges (DEXs): Users can trade cryptocurrencies directly from their wallets without relying on centralized exchanges, reducing the risk of hacks and scams.
  • Lending and Borrowing Platforms: Solvex facilitates peer-to-peer lending, enabling users to earn interest on their crypto holdings or borrow against them.
  • Yield Farming: Users can stake their tokens in various liquidity pools to earn additional SOLVEX tokens or other cryptocurrencies as rewards.
  • Tokenization of Assets: The network allows for the creation of digital representations of real-world assets, making it easier to trade and invest in them.
  • Decentralized Autonomous Organizations (DAOs): Solvex supports the creation of DAOs, enabling community governance and decision-making through smart contracts.

How to Keep your Solvex Network Safe?

Ensuring the security of your assets on the Solvex Network involves several best practices:

  • Use Hardware Wallets: Store your SOLVEX tokens in hardware wallets for enhanced security against online threats.
  • Enable Two-Factor Authentication (2FA): If you are using a centralized exchange or wallet service, ensure 2FA is activated for an extra layer of protection.
  • Regular Software Updates: Keep your wallet software and any related applications up to date to protect against vulnerabilities.
  • Be Wary of Phishing Attacks: Always verify URLs and avoid clicking on suspicious links or providing sensitive information to untrusted sources.
  • Participate in Community Security Initiatives: Engage with the Solvex community to stay informed about security updates and potential threats.

How to Invest in Solvex Network (SOLVEX)?

Investing in Solvex Network (SOLVEX) or any other cryptocurrency involves several steps:

1Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4Buy Solvex Network: Once your account is funded, you can purchase Solvex Network directly from the exchange. Choose the desired amount and complete the transaction.

Investing in Solvex Network (SOLVEX) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Solvex Network using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for Solvex Network (SOLVEX) in the Long Term?

Solvex Network (SOLVEX) is currently trading at $0.157 and exhibits good potential for future growth. Check the latest Solvex Network (SOLVEX) price prediction.

FAQs

Recent Big Transactions


Solvex Network Info

Info

Solvex Network Insights

Recent Big Transactions


Explore More Crypto Coins

Botsfolio Blogs

Instant Access, No Sign-Up Needed!

Create and Evaluate Portfolios in Minutes

With any investment, your capital is at risk. The value of your portfolio with Botsfolio can go down as well as up and you may get back less than you invest. Past performance is no guarantee of future results. Read our (investment risk disclosure ) for more information. By using this website, you accept our (Privacy Policy) (Terms & Conditions) .

PRODUCTS

BECOME A PARTNER

CONTACT US

Support: jasmine@botsfolio.com

Marketing: marketing@botsfolio.com

KribX Inc, USA

© 2024 © Botsfolio

Privacy Policy Terms and Conditions