Welcome to an immersive journey through the world of Trisolaris—the premier decentralized exchange (DEX) on the Aurora engine, a blockchain marvel within the NEAR ecosystem. As the leading DEX, Trisolaris is not just a trading platform but a vibrant hub of opportunities, offering high yields and democratic governance through its native token, TRI. Whether you're a seasoned DeFi enthusiast or just starting your crypto adventure, our guide will walk you through what makes Trisolaris an indispensable asset in the blockchain universe. Dive in and discover how you can maximize returns while contributing to an ever-evolving community.
What is Trisolaris?
Trisolaris is the #1 DEX on the Aurora engine, an EVM-compatible blockchain running in the NEAR ecosystem. It offers a seamless trading experience with low fees, high-speed transactions, and a robust set of features that cater to both novice and experienced traders. The platform's native token, TRI, plays a crucial role in its ecosystem, providing various utilities such as governance, staking, and liquidity mining.
Token Market Data
Understanding the market data of the TRI token is essential for any potential investor. Here are the key statistics:
- Current Price: $0.0069
- Market Cap: $0.00
- 24h Price Change: 38.95%
- 7d Price Change: 68.71%
- 30d Price Change: 67.57%
- 24h High: $0.0071
- 24h Low: $0.0049
- All-Time High: $0.9841 (2022-04-08)
- All-Time Low: $0.0010 (2023-10-12)
- Circulating Supply: 0.00
- Total Supply: 181,742,469.62
Purpose and Utility of the Trisolaris Crypto Token
The Trisolaris crypto token (TRI) serves multiple purposes and utilities within the Trisolaris ecosystem:
High-Yield Farming
TRI is used to help holders earn high yields on TRI-based farms. Users can participate in liquidity mining and earn rewards, making it a lucrative option for those looking to maximize their returns.
Governance
TRI holders have the power to vote on critical decisions affecting the platform. This includes decisions on reward allocations, fee percentages, and which pools should be included for liquidity mining. This democratic governance model ensures that the community has a say in the platform's development and direction.
Staking
TRI can be staked to "xTRI," allowing users to earn more TRI tokens over time. This staking mechanism is encouraged over other earning options like auto-compounders, as it avoids impermanent loss and allows users to benefit from potential increases in TRI’s price.
Vote Locking and Rewards Boosting
Users can lock their TRI or xTRI for several time periods in exchange for "vexTRI," which then allows them to vote on governance decisions and gain more yields over time. This feature adds additional value to holding TRI tokens.
Security
The Trisolaris team claims that the smart contracts behind its Trisolaris Stable AMM have been forked from Saddle, which had them audited by various security companies. This indicates a commitment to security and transparency.
Tokenomics and Distribution Model
The tokenomics and distribution model of the Trisolaris crypto token are designed to ensure long-term sustainability and community involvement:
Total Supply
The total supply of TRI tokens is 500,000,000, which will be emitted over a period of 36 months.
Distribution
- Community + Liquidity Incentives: 70% (350,000,000 tokens)
- Treasury: 15% (75,000,000 tokens) for future strategic partnerships, investors, and more.
- Current & Future Team: 15% (75,000,000 tokens) with a 4-month lockup followed by a 12-month vesting period.
Farming Rewards
Farming rewards represent the current and future emissions across all liquidity mining farms on Trisolaris. This incentivizes liquidity providers to stake their LP tokens from specific pools to earn TRI.
Team and Advisors
The team and advisors have a vested interest in the project's success, with their tokens subject to vesting periods to ensure long-term commitment.
Marketing & Community
A portion of the tokens is held in the treasury for additional community incentives and future strategic investments.
Protocol Fee
The Trisolaris DEX currently takes a protocol fee of 0.3% for swaps, which is distributed to liquidity providers. This fee percentage and its allocation can be adjusted via governance by TRI token holders.
Unique Features and Benefits
Stable Automated Market Maker (AMM)
Trisolaris features a unique Stable AMM designed for liquidity providers and traders. This feature aims to increase profitability through enhanced trading capabilities, minimizing impermanent loss with the StableSwap invariant algorithm, and allowing traders to exchange stable pairs with higher capital efficiency, lower fees, and lower slippage.
Medium of Exchange
TRI also serves as a medium of exchange within the Trisolaris ecosystem. A 0.3% trading fee is charged on every token swap transaction, with 0.25% funneled into liquidity pools and the remaining 0.05% going to the TRI token farm. This fee structure incentivizes liquidity providers and encourages users to hold and stake TRI tokens.
Team Behind Trisolaris
The Trisolaris crypto token is developed by the Trisolaris Labs team, which is responsible for the tokenomics, development, and maintenance of the Trisolaris DEX. The team consists of experienced professionals with diverse backgrounds and expertise in blockchain, cryptocurrency, and technology industries.
Strategic Investment
The project has received a strategic investment of $4.5 million led by Electric Capital, with participation from Jump Crypto, Dragonfly Capital, Leminscap, and Ethereal Ventures. This investment validates the project's potential and the team's ability to execute their vision.
Commitment to the Project
The team has allocated 15% of the total TRI supply to the current and future team, with a 4-month lockup followed by a 12-month vesting period. This allocation is designed to incentivize the team's long-term commitment to the project and ensure sustainable development.
Conclusion
Trisolaris stands out as a leading DEX on the Aurora engine, offering a range of features and benefits that cater to both novice and experienced traders. Its native token, TRI, provides multiple utilities, including high-yield farming, governance, staking, and vote locking. The tokenomics and distribution model are designed to ensure long-term sustainability and community involvement, while the team's expertise and strategic investment validate the project's potential.
Whether you're looking to maximize your returns through high-yield farming or participate in the platform's democratic governance, Trisolaris offers a vibrant hub of opportunities within the NEAR ecosystem. Dive in and discover how you can contribute to and benefit from this ever-evolving community.
