Redefining Finance.
A new XEVM layer-1 blockchain.

More information coming soon

XEVM is a reimagining of EVM technology designed to overcome its limitations and enable global-scale capacity. We have leveraged our deep insights from UTXO technology and applied them to the EVM framework to combine the advantages of both. A key insight from UTXO technology is the use of a DAG (Directed Acyclic Graph) structure for transaction ordering. Unlike legacy EVM systems, where miners are responsible for transaction ordering—leading to post-block validation by nodes and enabling miner front-running—we employ a transaction DAG for ordering. This allows nodes to validate transactions immediately upon receipt, effectively eliminating a significant scaling bottleneck.

Moreover, this DAG-based transaction structuring, along with our new transaction format, enables nodes to precisely determine the data and resources required for transaction validation upfront, in contrast to legacy EVM systems that require compute cores to access the entire world state.

As a result, Soloneum nodes can supply their CPU cores with just the necessary data for each transaction, facilitating highly parallel transaction processing. Modern CPUs, which already feature numerous cores, benefit from this, and it also opens the door to developing specialized hyper-parallel hardware, further reducing node costs and enhancing capabilities.

An additional, remarkable emergent property of the XEVM system is what we call ‘Proof-of-Fee’. The elimination of front-running ensures that all transactions gain extra security and finality assurances as the DAG extends. With increased Soloneum network usage, this effect will become more pronounced, potentially allowing your transactions to be recognized more quickly by services.”

We are using a combination of software and hardware scaling technologies achieve this to keep the resources required to operate a full-node within reach of a hobbyist. A core technology we have developed to enable this is XEVM, which allows full parallel, pre-block transaction validation. The XEVM technology opens up yet further scaling possibilities in both software and hardware acceleration.

We do not believe that presales are necessarily an ‘unfair’ way to launch a project. In fact ‘fair launches’ creates a situation where the earliest participants in a project become incentivised for some time to not promote the project to give them a better chance to acquiring more coins. Instead, we want to give as many people access as possible to the initial distribution of coins, which is a major benefit of hosting a presale. This is also creates excellent incentives for every participant to promote and support the project even before mainnet launch. Generating an initial block of funding also helps the project to start on strong and stable footing and allows us to make progress at maximum speed.

We are not giving anyone privileged access to coins (such as VCs) and we are setting a hard cap on how much any one person can invest in the presales, to make sure we achieve a wide level of distribution.

Coins will of course be distributed even further via mining rewards and via the activities of the Soloneum DAO.

So what we try to achieve in sense of a fair launch is to grow already a vibrant community where everybody can equally fair participate in the network.

Within the team, each individual is known to each other by face (through videos) and name, ensuring that our founder, Paul, but also the team, can be confident about who is developing and working on Soloneum. The core team itself is already working together for a long time.

Most members of our core team have decided to remain pseudonymous, revealing only parts of their identities to the public for now. Certain decisions stems from the sometimes harsh and unsafe environment our industry can be. At the heart of  Soloneum, our primary focus is on building a useful layer-1 network, and our developers do not influence potential prices or anything related.

Therefore we believe that each individual has the right to either publicly announce themselves or to remain pseudonymous, as long their identities are internally known.

We are consulting with a number of legal firms to make sure we launch the project inline with all relevant regulations in all relevant countries, and in a way that keeps open access to the US market. This is likely to mean that any presales will specifically exclude U.S. citizens, but that this will allow us to enter the U.S. market via major centralised exchanges in a compliant manner when we feel the time is right to do so.

The Soloneum DAO is a legal entity with its operations managed on-chain for transparency and security. The Soloneum DAO will receive the funds from the presale, public sale and a share of the emissions (further details about this can be found in other sections of the whitepaper that will be released soon). Two years after mainnet launch, citizens of the network will get the ability to take active participation of managing the Soloneum DAO. Each year, citizens who take part in the annual voting session and who meet a minimum threshold for participation, will be given DAO voting rights that will last for one year until the next voting epoch. The purpose of the Soloneum DAO is to upgrade and grow the Soloneum network for the benefit of its citizens and users. The DAO will have 4 different committees each with a different focus and set of goals. These are:

Development Committee,
Marketing Committee,
Partnership Committee,
Citizenship Committee.

The DAO legal entity will be set up as a non-profit DAO organisation in a location that is favourable and has a forward-thinking approach to DAO regulations.