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Solaxy, the pioneering Layer 2 solution for the Solana blockchain, has achieved another significant milestone by raising over $18 million in its ongoing $SOLX token presale.
With less than 48 hours before the next scheduled price increase, early investors are rushing to secure $SOLX tokens at discounted rates.
Solaxy layer 2: A better Solana?
Solana is one of the fastest blockchains, averaging 4,500 transactions per second (TPS). Because of this, it has become the leading meme coin hub, where thousands of meme coins are launched daily.
Even US President Donald Trump launched his meme coin, $TRUMP, on Solana to capitalize on the strong meme coin community.
However, becoming a popular blockchain has disadvantages. First, Solana is still in its beta phase and can often experience failed transactions when network congestion is high. As a result, everyday users who want to buy an NFT, play Web3 games, or simply swap USDC or SOL for their favorite new crypto project may find it nearly impossible during high congestion.
Solaxy is engineered to tackle these issues by implementing advanced rollup architecture to enhance transaction speed, reliability, and scalability. By handling transactions off-chain on a Layer-2, Solaxy guarantees uninterrupted service without downtime. Moreover, its scalable architecture is particularly suited for assets like meme coins, which demand high transaction throughput.
$SOLX — the multi-chain token connecting Ethereum and Solana
As well as being the native token of the Solaxy ecosystem, $SOLX operates seamlessly across the Ethereum and Solana networks. This means that despite being a Solana Layer 2 blockchain, $SOLX is available for purchase as an ERC-20 token on Ethereum.
This move aims to ensure that investors familiar with Ethereum-based transactions, wallets, and DeFi platforms can be exposed to this innovative project. Once the presale concludes and the Token Generation Event (TGE) takes place, holders can bridge their $SOLX tokens to the Solana network.
This dual-chain functionality bridges Ethereum’s extensive liquidity with Solana’s efficiency, broadening the token’s utility and accessibility within the DeFi landscape.
Moreover, this multi-chain approach makes Solaxy a gateway for multi-chain DeFi, enabling users to trade, stake, and participate in liquidity pools on either blockchain, depending on their strategic preference.
Solaxy presale heats up as next stage draws closer
Investors looking to capitalize on Solaxy’s advantages can buy SOLX tokens at a discounted price of $0.001628 per token during the current presale stage. However, the price will rise in less than two days, making it prudent to load up before the price increases.
Those looking to grow their holdings without making new purchases can stake $SOLX at a dynamic APY of 218%. Being dynamic means it drops as more tokens are staked, giving the highest rewards to early stakers. Once the presale ends, all tokens, even the staked ones, will be available for claiming.
For peace of mind, the Solaxy team has undergone a rigorous audit by Coinsult to ensure no vulnerabilities with the smart contract.
99Bitcoins, a popular crypto YouTube channel, has proclaimed Solaxy one of the hottest Solana tokens investors should not miss.
Becoming One Of The Hottest Solana Tokens! Solaxy Is One A Lot Of People Will Miss Out On!
With the $SOLX presale rapidly approaching its next price increase, investors looking to buy the token at a discount should act fast. Solaxy’s innovative approach to enhancing the Solana blockchain makes it a highly useful and compelling opportunity for interested buyers.
Participating in the Solaxy presale can be done through the official Solaxy website or via the ‘Upcoming Tokens’ feature in the Best Wallet app, the fastest-growing non-custodial Web3 wallet.
Once the presale ends, all tokens will be claimable, as the team lists $SOLX on decentralized and centralized exchanges. Follow Solaxy on X and join their Telegram for the latest project updates.
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