Solaxy (SOLX), a new layer-2 scaling solution for Solana, has raised $15 million in its ongoing token presale event. The project aims to resolve Solana’s network congestion by implementing off-chain processing mechanisms, akin to Ethereum’s layer-2 solutions.
Solaxy Presale: Tokenomics, Staking & Security Audits
- Current SOLX Price: $0.001618 (no minimum investment).
- Accepted Payments: Crypto (ETH, USDT, BNB) or credit/debit cards.
- Mobile Wallet Integration: Purchase via Best Wallet app.
- Exchange Listings: 10% of total SOLX supply reserved for post-TGE listings.
Investor Engagement & Staking
- 4.5 billion SOLX staked already.
- Early rewards: Staking protocol enables presale participants to earn extra SOLX before exchange listings.
Security Assurance
- Audited by Coinsult: No critical vulnerabilities found.
- Contract Safety: Solaxy team cannot mint additional SOLX tokens.
Solaxy’s Layer-2 Solution: Tackling Solana’s Congestion
Solaxy’s off-chain transaction bundling mirrors Ethereum’s successful Arbitrum/Optimism model, aiming to:
- Reduce slowdowns during high traffic (e.g., meme coin launches).
- Maintain security while improving throughput.
Community Speculation:
- Potential for enhanced dApp performance.
- Smoother UX during peak activity (per Telegram discussions).
Roadmap & Tokenomics
Key Features Ahead
- Solana-Ethereum bridge for cross-chain liquidity.
- Development Allocation: 30% of SOLX supply.
Token Distribution
| Purpose | Allocation |
|------------------|-----------|
| Development | 30% |
| Early Rewards | 25% |
| Treasury | 20% |
| Marketing | 15% |
Market Recognition:
- High rankings on CoinSniper and ICOBench.
- Endorsed by crypto content creators.
FAQ Section
1. How does Solaxy improve Solana’s scalability?
Solaxy processes transactions off-chain, bundles them, and submits batches to Solana—reducing mainnet congestion.
2. What’s the current SOLX presale price?
$0.001618 per token, with no investment minimum.
3. Is Solaxy audited?
Yes, Coinsult verified its smart contracts with no major vulnerabilities.
4. Can the team mint more SOLX tokens?
No, the contract prevents additional minting.
5. When will SOLX hit exchanges?
10% of the supply is reserved for post-TGE listings; no fixed date yet.
Disclaimer: This content is for informational purposes only. Cryptocurrencies are high-risk investments—conduct independent research before participating.
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