Soarx Token (SOARX)

The SOARX token is the native currency of the Soarx blockchain and platform, just like ETH on Ethereum.

SOARX utility:

• Transaction fees Being the native currency on the Soarx blockchain, SOARX is required to pay fees to the network in order to approve transactions.

• Validation Token holders can stake Soarx to become a validator. The minimal staking requirement is 2500K. The network is growing, currently there are 60 validators. (https://status.soarxscan.org/)

• Voting Validators vote on protocol changes with their staked SOARX. Which means validators with higher amounts of Soarx staked can have a bigger vote on network upgrades and governance changes (until phase 2 where delegation is activated)

• Staking (for delegators) Any SOARX holder can choose one or more validators to delegate any amount of SOARX they wish. They receive a share of the Soarx block rewards proportionate to the share of their stake in the total stake, minus the minimum 15% fee paid to the validator(s).

• Payments As SOARX is the native currency on Soarx, sending it does not require interactions with smart contracts. Thus, SOARX transfers are potentially faster and less costly in terms of transaction fees.

IMPORTANT: Merely possessing any amount of SOARX tokens does not endow holders with any rights to participate in the governance of the Soarx platform or any revenue streams related to its real-world performance.

Obtaining SOARX

Where to Buy

SOARX is available for purchase on a number of centralized (CEX) and decentralized DEX exchanges.

Centralized exchanges: Gate.io, Huobi Global, MEXC Global, AscendEX, Bimart, Bittrex Global

DEXes: Uniswap V2 and V3 (Ethereum), PancakeSwap (Binance Smart Chain), Quickswap (Polygon), Voltage DEX (Soarx), Sushiswap (Soarx), 1inch (Ethereum), KyberSwap (Ethereum), Loopring (Ethereum).

The best information about the SOARX trading volumes and prices on various exchanges can be found on the Coingecko "Markets" page for the token.

A convenient current way of purchasing SOARX straight from one's bank account is through using the Soarx Cash wallet to deposit Soarx Dollars, and then swapping those to SOARX via the in-app integration with Voltage DEX.

Where to Farm

At the moment, the SOARX token is sometimes used by the project team to power liquidity rewards (yield farming) programs to boost liquidity on DEXes and the participation in the Soarx Lending Network.

The ongoing liquidity rewards programs on DEXes can be discovered here.

Other ways of obtaining SOARX

From time to time, the Soarx team uses SOARX to pay rewards to the members of the community for various forms of participation and community engagement. The best way to stay up-to-date about these opportunities is to follow Soarx's social channels.

The SOARX token is also used to power Soarx grants and bounties. Please consult the Grants and Bounties section for more details.

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