What is Trisolaris? Trisolaris is the #1 decentralized exchange in the Aurora ecosystem, an Ethereum virtual machine (EVM) compatible chain. Aurora is a bridge that helps the Near Protocol ecosystem support projects on Ethereum without changing the structure too much. So what is Trisolaris? Let’s find out through this article!
To better understand the article What is Trisolaris, people can refer to some of the projects below to get an overview of Trisolaris.
- What is Aurora (AURORA)? Aurora cryptocurrency overview
- What is NEAR Protocol (NEAR)? Near Protocol Cryptocurrency Overview
What is Trisolaris?
Overview of Trisolaris
Trisolaris is the first decentralized exchange (DEX) platform built on the Aurora ecosystem to serve the construction of Ethereum projects on the Near ecosystem while maintaining integrity but with extremely low fees. low (0.3%) and high speed.
Trisolaris currently holds the top 4 TVL in the entire system, is a fork product from UniSwap V2 and also uses ETH as transaction fees.
Users can experience existing products on the platform such as: Swap, Farming, Staking, Bridge.
Trisolaris differences
- The highlight of TRI is the use of their own new consensus mechanism, called Proof of Feedback (PoF) which allows to increase transaction speed and reduce the risk of cyber attacks (51%). This form uses feedback from previous blocks to verify new blocks, increasing blockchain security.
- One of the potential applications of TRI is the payment of fees for transactions. Helps increase liquidity and reduce transaction fees.
The components that make up Trisolaris
- Trader: Is the group of users who perform token swaps on the platform.
- Staker: These are the people who stake $TRI and earn $pTRI rewards.
- Liquidations Provider: Are users who provide assets that are allowed on the network.
Mechanism of action
- Step 1: Select your desired swap token and enter the amount.
- Step 2: Check your details again and click on the Swap button.
- Step 3: Once the information is correct, you can click to approve the transaction.
Development schedule
Updating…
Core team
Updating…
Investor
There are not too many investment funds supporting the Trisolaris project, but we can take a look at some reputable names such as: Dragonfly Capital, Jump. In addition, the project also receives cooperation with other projects inside and outside the ecosystem such as: Rose, LiNear, ShitZu, Synapse, Rift Finance to add more liquidity to the liquidity pool.
Tokenomics
Overview information about TRI token
- Token Name: Trisolaris
- Ticker: TRI
- Blockchain: Near
- Token Standard: ERC-20
- Contract: 0xFa94348467f64D5A457F75F8bc40495D33c65aBB
- Token Type: Utility, Governance
- Total Supply: 500,000,000 TRI
- Circulating Supply: 148,232,275 TRI.
Token Allocations
- Community & Liquidity Incentives: 70%.
- Treasury: 15%.
- Current & Future Team: 15%.
Token Release
Token Usecase
- Transaction fees: Pay users with $TRI tokens
- Governance: $TRI holders will be able to vote on proposals to govern the Trisolaris ecosystem and its development.
Exchanges
People can buy on our DEX exchanges or join liquidity pools to receive rewards of $TRI.
Project information channel
- Website: https://www.trisolaris.io/#/swap
- Twitter: https://twitter.com/trisolarislabs
- Telegram: https://twitter.com/trisolarislabs
- Discord:
Summary
As one of the leading projects for creating liquidity for both the Aurora and Near ecosystems, but like other projects in the entire system, Trisolaris is currently somewhat underestimated compared to its potential. Hopefully the developers will make changes that will create an explosion for the project in the near future. What is your opinion? Please comment below!