So the first time when getting on a blockchain, user always find where to store their assets in any ecosystem, like Ethereum ( Metamask wallet), Binance smart chain (Trust wallet)
Solana is a blockchain protocol that outperforms other existing public chains in terms of speed and efficiency. On the fast-growing public blockchain Solana, the transaction cost is close to $0.00001, and the blockchain can support up to 50,000 transactions per second.
The block processing time is 400 milliseconds. With this support, Slope DEX can handle a large number of transactions without a fixed cost.
In addition, as an infrastructure of Solana ecosystem, users can access DeFi, NFT, and other DApps from the Slope Wallet DApp browser
As a non-custodial wallet, Slope Wallet supports users to generate new or import existing Ethereum and Solana wallets within a few seconds.
Users can store Ethereum and Solana assets and clone the Ethereum assets on Solana with one click. Enjoy instant transactions at the cost of 1/1000 on Ethereum
Until now, there are so many wallet projects on other ecosystems, but those wallets usually build to serve the majority of their own blockchain (single-chain). Only a few are builded to serve 2 or more chains (multi-chain) such as, coin98 wallet, trust wallet...etc.
Therefore, Slope decided to launch a cross-platform wallet product that integrates DEX and NFTs market. Not only that, Slope also focuses on improving the interface as well as the easiest approach for users and beginners to use decentralized wallets.
So slope wallet, since its launch, has continously been upgraded and optimized by the team to intergrate with a variety of Solana-centric Dapps to smooth the user experience.
The reason that Slope Finance wants to launch mobile app is most retail investors are more accustomed to buy & sell cryptocurrency on mobile phone.
In the three months ended December 31, 2020, Coinbase had 2.8 million monthly transacting users, among them, there are about 2.3 million users who are using mobile app to buy & sell cryptocurrency.
According to Reuters, there are 9.5 million users traded cryptocurrency on Robinhood during the first quarter of 2021, a near six-fold rise from the previous quarter.
Different from the AMM mode DEX, based on Serum, Slope DEX provides full limit orderbooks with an interface familiar to that of centralized exchanges.
It means that mobile App is more in line with user usages and behaviors when comparing to web-based Application.
Above all, Slope's goal is building a "Robinhood in DEX" for the community.
What does Slope Finance focus on development?
Slope wallet - the infrastructure of Slope Finance and Solana Ecosystem
As I said above, Slope wallet as a non-custodial wallet, supports users to generate new or import existing Ethereum and Solana wallets within a few seconds.
The dev team is focusing on the UI/UX that are easy to use. Users can access Defi, NFT and other DApps via Slope Wallet DApp browser
Slope DEX based on Serum, as a great innovation in DeFi, Automated Market Making (AMM) has brought the development of DeFi to a new stage. However, there are many problems with automated market making: users must provide liquidity for both sides at the same time.
Users cannot provide liquidity at other prices other than the current market price.
Users have no way to provide liquidity based on their own willingness to determine the quantity of quotations. The actual quantity provided is always more than what users had planned.
The orderbook can solve these problems well, but the existing DEX does not have an orderbook. The main reason is that matching buy and sell orders requires a lot of calculations, and the Ethereum network is too slow and too expensive
Serum DEX, developed based on Solana, provides an orderbook matching mode. It is completely comparable to traditional centralized exchanges in terms of speed, price, and user interaction without relying on third-party supervision.
Based on Serum's integrated cross-chain support, users can trade various currencies on Serum, including BTC, ETH, ERC-20 tokens, SOL and other tokens
Besides, the highlight part of Slope DEX is trading bot. Trading bots on Slope DEX bring high-frequency trading to retail investor. Zero cancellation fees allow traders to enter and exit the markets in a dynamic fashion based on the market situation.
For example, Grid Trading makes it easy to gain a stable, passive profit with low risk in the volatile crypto market. Grid Trading profits from the ups and downs of the market.
User can set a price range for the bot, adjust how many Grids that he/she wants and as long as the price stays within the set range, the bot will always sell a portion when the price goes a bit up and buy a portion when it goes a bit down. It'll be perfect on a fluctuated sideways market.
By using Slope Grid Trading Bot, the retail investor will avoid all the emotional decisions and lockup small profits all the time, while the price keeps fluctuating.
So, Slope DEX can provide full limit orderbooks with an interface familiar to other centralized exchanges, which makes UX user-friendly and easy to use.
Slope NFTs Market
Metaplex, as an NFT infrastructure of Solana Ecosystem, it empowers artists and creators to mint their own NFTs and launch self-hosted NFTs storefront. Metaplex is embedded into Slope Wallet as an primary function. In addition, user can auction, store, transfer and resell NFTs in Slope Wallet.
With an everage minting cost of less than a dollar and no platform fee, Metaplex is shifting the balance of power back to artists and creators.
NFT Images, audio, video, or media of any size are stored permanently on the blockchain with Arweave. No centralized servers are required.
Metaplex-minted NFTs are created forever and immutable, like a tattoo in cyberspace. On-chain auctions offer powerful formats, with instant payouts and NFT transfers.
Create limited or open editions for fans, or run a tiered auction where collectors bid for bundles of NFTs that are assigned at specific tiers.
In addition, there are other famous projects that are doing the same thing as typical Slope such as Coin98.
Coin98 main product is multi-chain wallet which has been working very well on different chains, owning a large number of user, successfully listed on Binance launchpad, but the idea to launch a DEX on their App is still underway. However, Slope's strength is AMM of Serum, a place that provides extremely good liquidity for the whole Solana ecosystem, and integration NFTs market with DAO mechanism.
Users can expect that the development of Slope finance will be an important part of Solana Ecosystem when Solana is growing so fast and scale a huge of expansion with low transaction fee, fast transaction speed. Slope Finance may be the hidden gem that you are looking for.