Solana Based Launchpad Solanium Launches Solanium Shield to Strengthen Due Diligence Process

Solanium, the Solana based Launchpad, announced the launch of Solanium Shield, which aims to strengthen the due diligence process. These include: raised funds will only be sent to the project team after the first vesting issuance; refunds will be made to investors if projects fail to maintain the token price above IDO price between TGE and the second vesting period; listing on centralized exchanges is mandatory for project teams to launch tokens sales on Solanium; projects in the pipeline must meet a predetermined social and community metric before token distribution; projects will be required to submit a post-launch marketing plan. In the upcoming months, new standards might be added on top of Solanium Shield.