⚡PROJECT OVERVIEW
Last updated
Last updated
MUSSEL is a trailblazing project launch platform that is built with the robust design of the Solana blockchain ecosystem, and it has distinguished itself as the very first Launchpad to support the groundbreaking SPL-20 protocol. It aims to provide adequate support for fair launch projects within the Solana ecosystem that utilize the SPL-20 protocol. This protocol, developed on the Solana blockchain, introduces unparalleled efficiency and speed to token creation, deployment, and transactions.
MUSSEL's strategic choice of operating on the Solana network as a preferred blockchain for project deployment is based on its unparalleled scalability, high efficiency, and low transaction costs, which makes it an ideal choice for projects that desire to scale swiftly while doing so efficiently. Solana network is a formidable player in the blockchain industry due to its innovative consensus mechanism, Proof of Stake (POS), coupled with its Proof of History model.
SPL-20, short for Solana Program Library-20, represents a standardized token format on the Solana blockchain. It is a set of rules and specifications that govern the creation and operation of tokens (NFTs and fungible tokens ) and ensures that tokens are interoperable within the Solana network. Introducing SPL-20 is a 9 strategic move to enhance interoperability and streamline token development. The operational standards are delineated in the library and must be adhered to by any token created on the Solana blockchain. These tokens are known as SPL tokens.
The SPL is similar to the Ethereum Request for Communication (ERC) standard on Ethereum. Still, unlike Ethereum's ERC, where there are different token standards for tokens like ERC-20 and ERC-721 (NFTs), the SPL token standard applies to all token types on Solana. SPL tokens run parallel to the native Solana token on the Solana network and utilize the network's infrastructure. Transaction fees involving SPL tokens are paid in Solana coin (SOL).
The network conditions of the Solana blockchain have a direct impact on SPL tokens. Solana's notable fast transaction processing speed applies to SPL tokens. Therefore, transacting with SPL tokens is quicker and more efficient than other tokens that run on a different blockchain network.
