- SOAR.FI aims to solve essential issues investors face when they engage with their Liquidity Pools while also building an increasingly liquid ecosystem.
- NovaPAD will be a framework to launch community curated projects comparable to Polkastarter
- SOAR is a profitable investment based on Digitalcoin forecasting
With thousands of altcoins being introduced into crypto space is rising at a rapid phase, but only a very few of these coins survive long enough to obtain attention of the investors or to make an impact.
As the recent trend in crypto investment is more towards hunting for alt coins with lower market cap and high potential, one of such altcoins that has gained investor attention id SOAR.FI (SOAR).
The article is based on a tweet by crypto enthusiastic @BulloTaurus, where he said that the token he is being ‘most bullish’ this year is SOAR. Where several facts were highlighted to defend the reasoning.
What is SOAR?
As highlighted in their website, SOAR is a decentralized framework for liquidity control. Its primary purpose is to merge residual liquidity across Uniswap by allowing users to swap any liquidity from X_pool to SOAR_pool. It has to be note that this is only one way of using this.
Whether it is to absorb the liquidity of tokens that lost their trading volume and are no longer in active development or just swapping it from a project to another, this feature will enable investors holding LP tokens to swap them effortlessly using the Migrator.
The token conducted no seed or private sale, and it was fairly launched on Uniswap. Currently, SOAR is being ranked 918 on Coinmarketcap and has recently plunged by 7.7% at the time of writing.
SOAR.FI aims to solve essential issues investors face when they engage with their Liquidity Pools while also building an increasingly liquid ecosystem. SOAR token and its products are built on Ethereum. This is because they consider it’s the most secure and commonly used platform for dApps.
What is special about SOAR?
Frictionless yield farming: SOAR is an ERC-20 with a frictionless yield generator mechanism that applies a 1% fee on every transfer and instantly distributes it among holders.. Where investors will not need to deposit the tokens in any specific place and wait for the fees, but fees will be awarded by smart contacts and will be shown in the coin holder’s balance automatically.
Non-inflationary: There is no inflation in SOAR tokens, as the same tokens are redistributed among holders based on transaction volume. 10M tokens will always stay 10M tokens.
Fully audited by Hacken.io: SOAR have met an agreement to perform a security audit for all of our further smart contracts with Hacken.io which is one of the leading security consulting companies and auditors in the crypto space.
Lower gas fee: hence high gas fee on Ethereum network is a primary concern. SOAR’s team has decided to create a bridge to Binance Smart Chain to mitigate the gas issue and allow users from other ecosystems to partake in the SOAR journey.
Apart from the above mentioned, further aspects such as being community driven, liquidity locked, real use case, and accumulate residual liquidity, can be considered as other specialties of SOAR.
Upcoming products of SOAR
Liquidity Migrator: this is a smart contract that allows seamlessly swapping the liquidity from one pool to another. Migrator Contract can help countless projects repay their investors by getting absorbed in SOAR. Each migration will require X amount of SOAR to be purchased to migrate liquidity to SOAR LP.
Network Observer: this is a dashboard meant for users to observe deep-data on SOAR token. It will include your SOAR holdings, a real-time chart for SOAR token on multiple time-frames, holder’s weekly projected earnings, recent trades, and more, all under one transparent real-time updated platform.
Volume Harvester: Volume Harvester is a perpetual contest that rewards the wallets trading the most SOAR volume. This is designed to enhance SOAR volume and increase the rewards holders receive from their fee redistribution mechanism. Further, There will be a leaderboard for transparency, and the rewards will be paid in ETH directly to leaderboard wallets.
SOARX: SOARX will be the utility token for their upcoming token launchpad (NovaPAD). NovaPAD will be a framework to launch community curated projects comparable to Polkastarter, where users decide by voting with SOARX tokens the projects launching on the platform.
In a recent interview that was conducted by Staking Rewards with the SOAR team, several details about their future plans were revealed. As the response for the request to describe their main vision and future goals, they said that their aim is to become a continually expanding liquid ecosystem.
Further, they mention that they want to develop the best version of SOAR products, raise the adoption of the Liquidity Migrator and launch successful projects through the upcoming launchpad (NovaPAD).
How and where to buy SOAR?
SOAR can be directly be bought via Uniswap crypto exchange. Or else, investors can still easily buy this coin by initially buying Bitcoin from any large exchanges and then transfer to the exchange that offers to trade SOAR token.
Few of the exchanges which SOAR can be traded are, Gate.io, Binance, CryptoTrader.Tax, Crypto Ultimatum, and BitMEX. If investors are planning to hodl their SOAR for a long time, it is recommended to be aware of ways to keeping it safe.
SOAR price prediction
According to the data by Digitalcoin, SOAR price is likely to increase in future. According to their predictions the price of 1 SOAR can roughly be around $2.14 in one years time a double nearly from the current SOAR price. Further they have mentioned that SOAR is a profitable investment based on their forecasting.
Conclusion
The SOAR.fi project which is really unique in an age of duplication efforts, SOAR is doing a great job of providing innovation to the DeFi industry. It is exciting to wait for the releases scheduled in their road-map regarding the SOARX token and NOVAPad. There is a lot of potential with this project and the fun is just getting started.
