New Crypto To Watch – Solaxy (SOLX) Raises Over $3M in Fast-Growing ICO
Solaxy (SOLX), Solana’s first Layer-2 solution, raised over $3 million in its first week, adding nearly $1 million daily over the past two days.
This new L2 chain promises better scalability, high network throughput, and fast, cheap, and smooth transactions.
Smart money investors have already taken notice of $SOLX, with many labeling it the next 10x crypto.
What is Solaxy (SOLX)?
Solana struggles with high traffic, causing network slowdowns and downtime. It also faces challenges scaling to keep up with its growing ecosystem. Network overload leads to unreliable transactions, which frustrates users and developers.
Solaxy solves these problems by moving transactions to Layer 2, easing the load on Solana’s Layer 1. This ensures faster and smoother operations. Batch processing boosts scalability, keeping costs low and throughput high.
Solaxy also inherits Solana’s strong security by finalizing bundled transactions on the mainnet. Solaxy combines Solana’s strengths with rollup technology to improve the user experience for developers and users. It stays linked to Solana through a process called settlement.
After processing a batch of transactions, Solaxy creates a cryptographic proof to confirm their validity. This proof gets recorded on Solana’s main chain, keeping each transaction as secure as if it occurred directly on Solana.
Features of Solaxy L2
Solaxy focuses on four key areas in the Solana ecosystem where scaling improvements are most needed. Technically, it processes transactions faster than Solana’s main network, with speeds staying consistent even during peak usage times.
This reliability solves the slowdowns that have frustrated Solana users. The project mainly targets meme coin trading, where transaction speed is crucial. Meme coins often experience sudden spikes in trading volume that can overwhelm networks.
Solaxy’s Layer 2 solution manages these volume surges by processing large batches of transactions at once, preventing bottlenecks during busy times. For developers building on Solana, Solaxy offers tools to customize how their applications perform.
The platform includes Features for adjusting how transactions are processed and bundled, allowing developers to optimize for their needs. This flexibility helps applications run smoothly as they grow.
Network stability is another key benefit. By moving transaction processing off-chain, Solaxy removes many causes of network downtime. When the Solana network gets congested, applications on Solaxy continue to run because they process transactions independently before settling them on the main chain.
Solaxy tokenomics and roadmap
Solaxy’s funding structure mixes traditional presale methods with a unique staking system. The project has allocated its 138 billion token supply across five key areas, with the largest portion – 30% – set aside for ongoing development. This fund supports the technical infrastructure needed for Layer 2 scaling.
Community rewards account for 25% of the token supply, creating a pool for early supporters. The treasury holds 20% in reserve, while 15% funds marketing efforts. The remaining 10% goes towards exchange listings to provide liquidity for future trading.
The development plan for Solaxy unfolds in four phases, starting with the current presale period. Phase one focuses on building the initial community and setting up the staking system to reward early supporters.
Phase two marks the Token Generation Event (TGE), where $SOLX launches on both centralized and decentralized exchanges. During this phase, presale participants can start claiming their tokens and staking rewards based on the vesting schedule.
Phase three involves the full launch of Solaxy’s Layer 2 network. This milestone enables applications to begin building on the platform. The team will help developers move their projects to Solaxy and connect with other blockchain networks.
The final phase focuses on expanding the ecosystem through partnerships and adoption. Solaxy will target high-volume applications that benefit from improved scaling and plans to keep adding Features based on the needs of developers and users.
Each phase builds on the previous one, ensuring steady progress from fundraising to full network deployment. If you want to see what the future holds for Solaxy, you can check our $SOLX price prediction guide.
Solaxy presale raises over $3 million in just a week
The Solaxy presale just launched and is already showing signs of huge success. In just the first week, the $SOLX presale has raised over $3 million, with demand picking up speed.
Investors can buy $SOLX for $0.001572 each using ETH, BNB, USDT, or a credit/debit card. There is no minimum investment, making the presale appealing to both large and small investors.
You can buy $SOLX using ETH, BNB, or SOL, making it available to users of these top three blockchains. The token is also available for purchase with a card or through Best Wallet’s Upcoming Tokens feature. For more information, investors can check out our guide on purchasing Solaxy tokens here.
Early $SOLX buyers can stake their coins and earn attractive passive income, with a reward rate currently over 1000% APY. The staking program has seen promising results, with over 1 billion $SOLX tokens locked in the staking pool. Participants earn 4,377.4 $SOLX tokens per ETH block, with rewards distributed over three years.
Smart money investors have quickly noticed the project’s potential, with some already calling $SOLX the next 100x crypto. Even conservative predictions expect up to 10x returns from the new token.
Due to strong demand, the presale stages are selling out quickly, which is driving the Solaxy price up. At the same time, the dynamic staking rewards are decreasing as demand rises. Investors are rushing to $SOLX for good reason.
With Solana’s popularity as its base blockchain, many expect Solaxy’s ability to handle congestion and enable smooth transactions to make it a major market player. The timing is perfect, as the crypto market is showing signs of recovery, further attracting investor interest.
To take part in the $SOLX token presale visit solaxy.io.
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