Solana launches first Layer-2, Solaxy presale secures $1M in a single day
Solaxy (SOLX) aims to alleviate congestion issues on the Solana network. The project has already raised nearly $10 million in its presale. The Layer-2 solution uses a roll-up system to improve transaction speeds. The community-centric initiative h...
By Spotlight Wire |
Spotlight Wire
Solaxy (SOLX) is stepping up to solve the congestion issues that have long haunted the Solana network, and its vision hasn’t gone unnoticed. The SOLX presale has raised close to $10 million already, recording a $1 million inflow in just a day.
The Layer-2 solution aims to set the stage for faster and more efficient transactions on the Solana network.
Solana’s journey
2024 has been a successful year for cryptos, and Solana in particular. While Bitcoin crossed the much-awaited $100,000 mark with a 150% annual surge, Solana stole the show, exploding an eye-popping 200%.
Solana's thriving ecosystem is behind SOL's blockbuster price performance. Notably, the blockchain spawned many successful meme coins in 2024, such as Bonk, Dogwifhat, and Cat in a Dogs World. As the network attracts more users, an underlying issue draws attention: congestion. Solana often buckles under pressure during active hours, which results in sluggish transactions and rising fees.
Network congestion has become a persistent hassle for developers and traders in high-volume niches such as meme coins. This is where Solaxy comes into the picture.
Enter Solaxy: The multichain Solana Layer-2
Solaxy’s multichain Layer-2 solution addresses Solana’s growing pains. It uses a roll-up system to streamline transaction processing and bundles multiple transactions into a single package. The strategy significantly reduces the data load on Solana’s main chain.
The result is higher transaction speeds, without compromising the security benefits of the Solana blockchain. Solaxy’s edge doesn’t stop there. It has also set its sights on Ethereum’s expansive DeFi ecosystem. The goal is to combine it with Solana’s speed and cost efficiency. The multichain infrastructure opens doors to a broad range of opportunities across diverse sectors, from meme coins to gaming and decentralised finance (DeFi).
The $SOLX token powers the Solaxy ecosystem. The long-term goals of SOLX are centred around nurturing the Solana ecosystem with increased scalability. SOLX positions itself as a utility coin with this mission.
At the same time, Solaxy embraces a fun spirit. With the meme coin market exploding beyond $100 billion, it makes sense why. Solaxy has a meme coin mascot that features a clever fusion of the iconic Pepe meme and the genius of Albert Einstein.
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This playful character has become an instant hit, drawing in close to 10,000 followers across its social media channels
Community-centric tokenomics
The first phase of the SOLX roadmap hosts the presale, followed by listings on top crypto exchanges in the second phase. The Layer-2 solution will be deployed in the third phase, with a long-term focus on ecosystem expansion.
With 15% of the total supply earmarked for marketing, Solaxy focuses on building momentum around the token during and after the presale phase.
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Ten percent of the token supply is reserved for liquidity, reducing the risk of market manipulation after the token launch. Here is a breakdown of the SOLX tokenomics. Security is another key focus for Solaxy. The smart contract has been audited by Coinsult, giving early investors added confidence.
Solaxy’s presale has already caught the eye of top crypto influencers such as ClayBro. He forecasts that SOLX could boost the efficiency of the Solana ecosystem.
As a project that addresses congestion issues on Solana, Solaxy is one of the top utility coins that has entered the market recently. The token’s multichain capabilities open the doors for high-volume trading on Solana. In addition, the strong community and engaging narrative themed around Pepe-Einstein fusion has won the attention of degens.
The ongoing presale is a top gateway for investors looking for a cheap entry to the project. The token price has seen a rise with each presale stage. Investors can purchase $SOLX using ETH, BNB, USDT, or even traditional bank cards. Early backers can enjoy passive income rewards by locking their presale tokens.
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