Solace profile
Solace Profile (SOLACE)
Rating: F | Weak
Highly Speculative Nano Cap
Project Safety Score

Sun, Jan 23, 2022 10:07 PM

F
Rating Weak
Market Cap $0
24hr Volume $125863.376334
Price $0.086651569359308
Review

Solace

token

Ethereum

Solace is a decentralized coverage protocol, insurance-alternative, that allows DeFi liquidity providers and market makers to hedge their risk in the event of smart contract exploits. The way how Solace implements a safe, simple and intelligent structure provides a new advantageous model for DeFi users. Solace is acquiring Protocol's own underwriting capital to increase capital loyalty and to take the underwriting risk away from individual users. An automatic claim assessment system enables users to receive a payout in a fast, easy, and transparent way, with no community voting. An intelligent risk assessment system, based on quantitative and qualitative modeling, not only provides accurate prices but incentives people to use its compatibility to develop their own risk models and earn a fee from policy sales. Users and DAOs can interact with Solace in different ways: buy coverage, bond assets, stake $SOLACE, become a risk manager, provide coverage for liquidity pool or treasury.

Read more in the whitepaper:

Solace Smart contracts and audits.

Below are the available smart contract addresses and any associated contract audits.

ETH: 0x501ace9c35e60f03a2af4d484f49f9b1efde9f40

Solace Project Statement

Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.

Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.

Full Report

Solace Safety Report

Solace has a safety score of 2.33

Solace is a nano cap token.

Solace is suited to a highly speculative investment style.


Solace Profile

This profile is missing some data needed to perform a thorough analysis. Depending on what data is missing then this could have a negative impact on the overall rating.

Missing Data:
  • project whitepaper
  • project team
  • reddit
  • bitcointalk thread
  • tradingview profile
  • exchanges

Solace Red Flags

There are currently no Solace red flags.


Solace Development Score

The Solace project has 12 active source code repositories.

The most recent commit was Fri, Jan 14, 2022 4:20 AM

  • 17 Watchers
  • 2 Stars
  • 37 Mentionable Users
  • 0 Vulnerabilities
  • 38 commits in the last 28 days.
Highlights:
  • extremely high repo stars
  • daily repo updates
  • no stars
  • no watchers
  • no mentionable users

Solace Sentiment Score

The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!
The more articles that are available to analyse, the more confident we can be about the score. If there is not a lot of data available on the internet to use, this should be a redflag as it can indicate that no one is posting or writing about this project.

Highlights:
  • The overall sentiment is very positive
  • Low number articles to calculate the sentiment

Solace Community Score

The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on Solace?

The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.

Overall Solace has an poor community rating, small communities can be easily manipulated and bullied (banned from telegram, deleted from discord etc) into towing the project line. If a project is new and doesnt have a big active community then in general as the project grows the community score will increase.

Highlights:
  • no reddit articles
  • very low hashtag tweets
  • very low gitHub account watchers

Solace Awareness Score

The awareness score indicates how well Solace is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the Solace is but a good measure of longevity is how well the project is known by the general public.

Overall Solace this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase.

Highlights:
  • poor search result total
  • very low number of news articles mentioning Solace
  • no number of headlines about Solace
  • very poor number of Solace YouTube videos

Solace Credibility Score

The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?

Highlights:
  • New project age (released Dec 7, 2021)

Solace Volume Score

The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag

Highlights:
  • poor USD 24hr volume

Red flags come in all shapes and sizes

At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.

You expect a level of transparency and professionalism from a project that is asking for your money.

There are all sorts of red flags which you should be weary of;

  • 404 (missing) websites
  • Expired SSL certs
  • Malware/Hijacked sites
  • Suspended Twitter accounts
  • Private Subreddits
  • SEC investiations

If you spot anything suspicious/resolved then please let us know.

Solace Red flags
  • No red flags
    No red flags have been identified. That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention.

Solace Exchanges
Solace Explorers
SOLACE
Member Ratings (SOLACE)

--/5

0 reviews
Ratings and reviews left by our members do not impact the profile score.
No reviews
Be the first to leave a review

No one is talking about Solace, be the first to start the conversation.

Do you think Solace is a scam project which will disappear in a rug pull in the next few months or do you think Solace is here to stay?

And more importantly let us know your experience and warn others if you have noticed something suspicious.

62.50%

Complete
Profile Status

How complete is this profile:

Lots of missing data points

This profile is still waiting for the following data points

  • project whitepaper
  • project team
  • reddit
  • bitcointalk thread
  • tradingview profile
  • exchanges
Member Signals

--/5

(no reviews)
Member Ratings
Market Cap Rank:
4194
Voted:
--
Bulls v Bears:
neutral
Is Trending?
Member signals do not affect the profile score.
Solace Github
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