Solomon Defi

The mission of the Solomon Project is to bring about the mainstream adoption of online cryptocurrency payments. Solomon will achieve this by offering traditional ecommerce protections while preserving the benefits of decentralization. Our online plugin will allow any merchant to easily accept cryptocurrency and inspire widespread consumer confidence with chargebacks, preorders, and escrow.

A decentralized community will share ownership of the project and earn on-demand income for maintaining the network. By removing the powerful, profit-driven institutions in the middle, Solomon reimagines and democratizes consumer protection and accessibility in ecommerce.

We call this model “decentralized ecommerce”, or DeCom for short. By combining the virtues of decentralized finance with the protections demanded by consumers, Solomon will finally bring cryptocurrency payments into the mainstream.

SLM can be used by merchants to receive discounts on the processing fees charged by the Solomon plugin for these cryptocurrency payments. SLM holders may also stake their holdings to receive a proportional share of the fees generated by the Solomon Plugin each month. All fees generated by the platform go directly to these users and the jurors who perform arbitration as needed.