Solaxy ($SOLX) Coin Review & Analysis: Next Big Gem?

As the altcoin season draws near, savvy investors are on the hunt for cryptocurrencies that provide differential value by improving on existing products and striving for widespread adoption. Amid such a positive backdrop, New Solana Layer 2 Solaxy ($SOLX) token is drawing great attention of large number of crypto enthusiasts as Solaxy removes the pain points of congestion, failed transactions, and scalability limitations.

Currently under its presale stage, Solaxy ($SOLX) fully shows its huge potential with the success it made in its ongoing presale. Then, what is Solaxy ($SOLX)? Is it a good investment? Next, let’s take a close look at this innovative crypto project.

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Table of Contents

What is Solaxy?

Key Features of Solaxy

What is the SOLX Token?

$SOLX Tokenomics

Solaxy ($SOLX) Roadmap

Solaxy ($SOLX) Staking

Solaxy ($SOLX) Presale

Is Solaxy ($SOLX) a Good Investment?

How to Buy the SOLX Token?

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What is Solaxy?

Solaxy is an innovative Layer 2 solution built on Solana, offering unparalleled speed, scalability, and reliability. It addresses pivotal issues such as network congestion and failed transactions while retaining Solana’s efficiency and security. As a brand new Solana Layer 2 blockchain with light speed, unmatched scalability, and purpose-built customizations, Solaxy is designed to turbocharge the blockchain’s performance.

Key Features of Solaxy 

As Solana’s Layer-2 solution, Solaxy takes what’s best about Solana and enhances it in ways not previously seen. Solaxy combines Solana’s strengths with innovative roll-up architecture. Instead of bogging down the Layer-1 network, Solaxy processes transactions off-chain. This results in less congestion and keeps things running smoothly.

What’s more, transaction bundling is another strategy. Solaxy inherits Solana’s robust security by finalizing bundled transactions on the mainnet. Here, transactions are grouped into batches. That makes the system faster, cost-efficient, and scalable.

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What is the SOLX Token?

The SOLX token is the native token of the Solaxy network. Notably, The SOLX token is multi-chain so it pulls activity and buyers from both the Ethereum and Solana chains and a path of entry into both blockchain ecosystems.

$SOLX Tokenomics

With a total supply capped at 138,046,000,000 tokens, detail information about SOLX token’s initial allocation sets as below:

• 25% of its total token supply is distributed as rewards to early supporters. The largest share is reserved for building and expanding Solaxy’s ecosystem.
• 15% of the supply is set aside for marketing, to spread the word and drive adoption.
• 10% is set aside for centralized and decentralized exchange listing.
• 20% goes to the treasury.
• 30% goes to the development.

Solaxy ($SOLX) Roadmap

Solaxy outlines a detail roadmap for its sustainable growth and development. As per its whitpaper, Solaxy raodmap includes four phases, detail information about each phase can be seen as below chart:

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Solaxy ($SOLX) Staking

Solaxy encourages long-term commitment to the token through passive rewards. This is achieved through a staking system.

Generous staking rewards is regarded as one of the standout features of the Solaxy presale. Right from the presale phase, investors can stake their $SOLX tokens to earn passive income.

Staking $SOLX tokens now offers an APY of 1994%. With over 57 million $SOLX  tokens already staked, this provides great value and reflects solid participation from the community.

Staking dampens the tendency to sell off early-stage tokens by incentivizing holding. By staking their $SOLX tokens, the investors impact the price stability of the tokens, creating a win-win situation.

The $SOLX presale price will gradually increase, and the staking APY will decrease as more tokens are staked.

Solaxy ($SOLX) Presale 

Solaxy launched presale for its $SOLX token at an initial price of $0.001.

Solaxy presale unfoulds in multiple stages, each offering different token amounts, prices, and discounts. As each subsequent presale level unfolds, the token price is set to go up incrementally.

Currently in the seventh stage of its presale, the $SOLX token is available for just a discounted price of $0.001564 per token.

The next price stage kicks in when the fundraising total hits $$1,723,842, at which point the price rises to $0.001566.

As of writing this article, this phase has managed to raise a total of $1,597,612.37.

Notably, New Solana Layer 2 Solaxy ($SOLX) token has secured $759,444 in the first 72 hours of its presale, indicating huge demand from large number of crypto enthusiast.

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Is Solaxy ($SOLX) a Good Investment?

Solaxy is the first-ever Solana Layer 2 protocol, effectively addressing the prevalent issues of congestion, transaction failures, and scalability constraints. Solaxy doesn’t just solve Solana’s problems; it is a multi-chain beast that bridges Ethereum and Solana, the two most powerful and popular blockchains in the crypto industry.

Solaxy isn’t simply building yet another application on top of Solana; Solaxy token is a brand new application layer for Solana, with the added benefit of not just faster speeds and lower fees but the ability to leverage the liquidity and security of the Ethereum DeFi ecosystem. In a nutshell, then, Solaxy takes what’s best about Solana and enhances it in ways not previously seen.

With the expanding adoption of Solana, the demand for a layer 2 blockchain that processes transactions smoothly will only grow stronger. Solaxy facilitates the development, deployment, and interaction with decentralized applications without compromising performance, positioning itself as a formidable value proposition in the crypto landscape.

However, crypto landscape is quite volatile. Can Solaxy ($SOLX) become the next 100X crypto? It remains to be seen. All investors are advised to do enough homework and stay with great caution before making any decision regarding Solaxy ($SOLX).

How to Buy the SOLX Token?

To buy $SOLX token during the presale stage, connect your crypto wallet and make sure it is funded with either BNB, ETH or SOL. Those three tokens are the native assets of the three most active chains in the crypto world.

That’s all information about Solaxy ($SOLX). If you want to know more information about Solaxy ($SOLX) coin and other cryptocurrencies, please visit BTCC Academy.

Currently, Solaxy ($SOLX) is not available on BTCC platform. However, it is worth mentioning that BTCC supports trading for large variety of popular coins, such as BTC, ETH, PEPE, DOGE, SHIB, BONK, etc., with a leverage of up to 500Χ. If you are interested in these popular cryptocurrencies, you can make a purchase on BTCC exchange with highest security level and a most competitive fee.

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