DeFi
How the printing protocol is revolutionizing
New York, NY, July 13, 2024 (GLOBE NEWSWIRE) — As the Solana Summer and the overall cryptocurrency market continue to evolve, the decentralized finance (DeFi) landscape remains in flux. The period of late 2023 and early 2024 marked a significant resurgence in the cryptocurrency markets, with Solana ($SOL) at the forefront, reminiscent of past booms in the blockchain industry.
One of the notable phenomena driving this resurgence was the wave of Solana memecoins, including $BONK and $WIF, which sparked a wave of meme-mania within the community. This surge in activity not only brought significant attention to the Solana blockchain, but also cemented its reputation as a premier destination for developers and investors.
Why Solana? Why now?
For those new to the world of DeFi and Solana, understanding the basics is essential. Solana is like a magical, lightning-fast playground where people can safely and quickly create and trade digital tokens. Today, these tokens are becoming increasingly popular and valuable, especially with fun and catchy names like $BONK and $WIF.
Print Protocol on Solana fits perfectly into this burgeoning ecosystem by offering unique features designed to empower everyday investors. At the heart of this platform is PrintDex, a decentralized exchange (DEX) that prioritizes user safety and fairness. PrintDex incorporates sophisticated anti-bot mechanisms and maximum wallet limits, ensuring that users can trade tokens without fear of being overwhelmed by large wallet dumps that can destabilize markets. This means that even those new to cryptocurrency trading, the average person, can engage in trading with confidence and peace of mind, knowing that their investments are protected from manipulative practices and constant dumps.
Additionally, PrintDex goes beyond simply providing a secure trading environment. By holding $PRINT tokens, users can benefit from an innovative Hold to Earn (H2E) model and a revenue sharing model, where they earn a share of the revenue generated by PrintDex. This model transforms passive holding into a lucrative business, providing a steady stream of rewards derived from the exchange’s trading activities. As a result, Print on Solana not only democratizes access to secure trading, but also allows investors to share in the platform’s success and growth, making it a compelling choice for seasoned traders and newcomers alike.
Why print?
Despite all the chaos and memes, the $PRINT team (@PrintProtocol) managed to create the first-ever auto-reward token to reward $SOL holders, with a record-breaking 30 million MC. Before $PRINT launched in late January of this year, no taxed token had ever existed on-chain, let alone with a working auto-reward script. By using Token-2022, a token program on the Solana blockchain, the team was able to bring something innovative to Solana users.
In 2024, Print Protocol continued its long-term development, with a focus on continued innovation through a relatively unexplored feature of Solana, transfer hook extensions.
All this led the team to recently launch “PrintDEX” ((https://www.printdex.io/)the first-ever decentralized exchange on Solana to offer maximum transaction limits, maximum wallet limits, taxes and more, all powered by Token-2022 support and transfer hook extensions.
In addition to rewarding holders through an 8% token tax, the team also recently implemented revenue sharing through transaction fees on the DEX. A nominal fee of $0.0005 SOL is accrued for every transaction on PrintDEX, with 60% of that going directly to holders in $SOL.
As development of the DEX continues, the $PRINT backend team is hosting public X/Twitter spaces several times a month to update the community and discuss the outlook for the printing protocol. The team will be at Solana Breakpoint this fall and continues to build strong partnerships and support within the Solana community.
Learn more about the printing protocol here:
X: https://x.com/PrintProtocol
X: https://x.com/printdexSol
Telegram: https://t.me/printsolana
Website: https://printsolana.com/
DEX: https://www.printdex.io/