Solaxy ($SOLX), the first-ever Layer-2 scaling answer for the Solana blockchain, is closing its $SOLX token presale in lower than 48 hours after elevating greater than $50 million.
The presale is among the largest of the 12 months thus far, drawing funding from an extremely wide selection of crypto buyers, merchants, and analysts.
With the presale ending, Solaxy plans to show its consideration to launching its $SOLX token on exchanges early subsequent week. The undertaking group has mentioned that $SOLX will listing on ‘main exchanges,’ however hasn’t but revealed which of them will commerce the coin first.
As well as, Solaxy plans to unveil its new Solana Layer-2 on the identical time that $SOLX begins buying and selling. This can be a main growth that creates speedy utility for the $SOLX token and is anticipated to have a major influence on the Solana ecosystem.
Whereas the presale stays open, buyers can purchase $SOLX tokens at a set value of $0.001754. Early buyers even have the choice to stake their cash to earn 86% APY and assist safe the brand new Solaxy community.
Buyers can be part of the presale with $SOL, $ETH, $USDT, or a credit score or debit card. Remember to observe Solaxy on X and Telegram to get the most recent updates about token claiming and launch.
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Solaxy Layer-2 Guarantees to Revolutionize Solana Ecosystem
Solaxy’s overwhelming presale success is due to its revolutionary answer to a longstanding problem: community congestion on the Solana blockchain.
Over the previous a number of years, Solana has suffered quite a few community outages and situations of transaction failures which have made merchants and builders extra hesitant to make use of the chain. The issues have grown worse as meme coin buying and selling has exploded in quantity on Solana, threatening one of many major makes use of of this blockchain.
Whereas Solana’s builders have tried to handle the issue, all the fixes have come up quick. However these options all targeted on bettering the Solana blockchain itself, whereas Solaxy’s strategy is to borrow an concept from Ethereum and increase the Solana ecosystem with a brand new sidechain.
The brand new Solaxy Layer-2 will massively increase Solana’s capability and scalability by utilizing zero-knowledge rollups to batch transactions. It advantages from the safety of Solana’s proof-of-stake transaction validation system whereas rushing up processing and slashing gasoline charges.
On the identical time, Solaxy is a part of the Solana ecosystem—so it’s appropriate with the Solana Digital Machine and may seamlessly combine with all present Solana dApps. That makes it simpler for builders to construct on Solaxy or migrate their initiatives onto the Layer-2 to benefit from its pace and value benefits.
In the meantime, the Solana ecosystem as an entire is anticipated to profit from Solaxy’s sidechain, attracting much more growth. In the end, Solaxy may very well be the catalyst that allows Solana to really compete head-to-head with Ethereum.
Solaxy Executes on Roadmap as Layer-2 Launch Approaches
The run-up to Solaxy’s launch has been full of thrilling bulletins because the undertaking executes on its feature-filled roadmap.
First, Solaxy launched its Layer-2 testnet a number of weeks in the past and has been actively processing transactions in preparation for a wider roll-out. In line with the block explorer, the testnet has processed greater than 1 million transactions at a median price of 16 transactions per second.
As well as, Solaxy finalized its new token bridge, which is able to allow customers to maneuver tokens seamlessly between the Solana, Ethereum, and Solaxy blockchains. That is key to connecting Solaxy to the broader Solana ecosystem, and it additionally connects Solana and Ethereum to deliver two of the biggest good contract blockchains nearer collectively than ever earlier than—with Solaxy on the heart.
Maybe probably the most thrilling new growth Solaxy introduced is the Igniter protocol, which is able to allow anybody who holds $SOLX tokens to design and launch their very own new cryptocurrencies on the Solaxy blockchain. It has the potential to be the equal of Pump.enjoyable—which generates greater than 70,000 new meme cash day-after-day—for the Solaxy Layer-2.
With all these items in place, the Solaxy group has introduced plans to roll out its full Layer-2 similtaneously the $SOLX token. That’s anticipated to make the undertaking’s launch much more thrilling and create prompt utility for $SOLX as the first gasoline token for the Solaxy community.
Analysts Again $SOLX for 10x Pump and Lengthy-term Features
Crypto analysts have zeroed in on Solaxy as one of the vital explosive tokens to look at this 12 months, which isn’t any shock given the undertaking’s presale elevate.
Borch Crypto referred to as it the ‘finest crypto presale to purchase now,’ whereas meme coin analyst Jacob Bury predicted $SOLX might bounce 10x or extra after launch.
If that 10x forecast proves correct, it will rocket $SOLX to a market cap of almost $500 million—placing it inside attain of the 100 largest cryptos and producing huge income for anybody who purchased $SOLX through the presale.
$SOLX will likely be required to pay for transaction charges on the Solaxy Layer-2. So, its worth is anticipated to proceed growing as demand for Solaxy’s sidechain grows and extra meme coin buying and selling strikes from the Solana mainnet onto the Layer-2.
As well as, $SOLX gives staking rewards, which may also help cement a long-term neighborhood of buyers across the token.
All of this factors to a really shiny future for Solaxy, one during which it’s a significant participant in a quickly increasing Solana ecosystem. The $SOLX token launch is a doubtlessly explosive crypto market occasion that buyers and merchants received’t need to miss out on.
Go to Solaxy Presale
This publication is sponsored. CryptoDnes doesn’t endorse and isn’t accountable for the content material, accuracy, high quality, promoting, merchandise or different supplies on this web page. Readers ought to do their very own analysis earlier than taking any motion associated to cryptocurrencies. CryptoDnes shall not be liable, immediately or not directly, for any harm or loss brought about or alleged to be attributable to or in reference to use of or reliance on any content material, items or companies talked about.
