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The new Solana Layer-2 solution, Solaxy (SOLX), is quickly gaining momentum with its presale having now raised over $18 million.
With the turmoil brought by the largest market-wide dip in the past few months, which saw half a trillion wiped from the broader crypto market cap over the past three days, investors are looking for tokens that could help them recover.
With its ambitious goal to improve Solana’s scalability and massive staking rewards, Solaxy offers much-needed innovation in the meme coin space.
Solaxy Layer 2 May Help Avoid Solana’s Congestion Issues
Solana is growing at a rapid rate as it serves more than double users compared to the second-most popular chain, BNB, according to token terminal data.
With over 100 million monthly users, the Layer 1 network often gives way to issues such as slow or failed transactions and congestion, which can result in profit losses for traders. With 30% of its total token supply allocated to the development of its Layer 2 network, Solaxy seeks to resolve these issues.
Solaxy’s developers have published a series of dev updates that reveal they intend to use a system called rollups to improve Solana’s scalability. With rollups, Solaxy Layer 2 would bundle and process transactions, while Solana’s mainnet would finalize them.
That way, users would benefit from faster transactions with potentially lower fees without losing Solana’s robust security and transparency.
Plus, the team behind Solaxy is working on bridging Solana and Ethereum in partnership with Hyperlane.
The project’s focus on improving Solana reminds of Pepe Unchained (PEPU), which developed a Layer 2 built on Ethereum and soared by over 700% just 48 hours after its launch, so it’s no wonder Solaxy is rapidly raising funds as it threatens to replicate or surpass PEPU’s success.
Experts Highlight Solaxy’s Massive Staking Rewards And 100x Potential
Analyzing Solaxy tokenomics further shows the team set aside 25% of the total token supply for community rewards. Although more details are yet to be announced, investors don’t have to wait for their distribution, as the project currently offers a 229% staking APY.
Over 5 billion SOLX have already been staked despite the 3-year vesting period, reflecting its community’s trust in its long-term success. Plus, with such a significant portion of the supply locked up, a reduced circulating supply can be expected on launch, which can create strong upward pressure on the price.
A team of meme coin experts with over 724,000 followers on YouTube, 99Bitcoins, believes Solaxy’s presale will wrap up soon and urges its audience to enter the presale while the entry point is low.
WORLDS FIRST SOLANA LAYER 2! (100X MEMECOIN) SOLAXY PRESALE PROJECT | $SOLX
The experts see a 100x potential in SOLX as it focuses on investor security and has a unique approach to the market that helped it gain momentum during its early stages.
They’ve pointed out that the project allocated 10% of its total token supply to liquidity, which ensures a safe trading environment, and that its smart code has been audited by Coinsult, which found no underlying issues in any Solaxy code.
Two Days Remain Before SOLX’s Per-Token Price Increases – Here’s How To Buy
According to the project’s roadmap, the price of Solaxy will increase with each presale stage, meaning every time it reaches its next funding goal or enough time passes.
Currently, SOLX costs $0.001624 each, and its next price increase is scheduled in just two days, or if it raises another $620,000 before then, which is feasible given its increasing momentum.
Investors can purchase SOLX using BNB, ETH, USDT, or a credit or debit card by visiting its website. No minimum investment is required, making the presale equally accessible to smaller traders and whales.
With 15% of the total token supply fueling its marketing efforts, Solaxy already gathered a significant following, with over 71,000 supporters across its X (Twitter) and Telegram pages.
Plus, its visibility is further increased by its position in Best Wallet’s “Upcoming Tokens” hub, which makes it easily accessible to the wallet’s 250,000+ monthly users.
Purchasing the token via Best Wallet also allows investors to see their token holdings as SOLX’s value grows with each stage, which isn’t possible with other wallets.
Although the meme coin scene is as volatile as ever, SOLX’s robust fundamentals, ambitious goals, and rapidly growing community may be enough to help it explode on launch, making this the best time to invest.
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