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Solaxy ($SOLX), the first-ever Layer 2 solution built on Solana, has reached a new milestone, raising 7 million dollars as part of its pre-sale.
This $7 million pre-sale milestone is significant, it’s a significant leap forward for Solaxy. Previous financing rounds have been successful.
As demand for $SOLX increases, its value is likely to rise. At present, the price of $SOLX is $0.001584.
This presale price, however, will soon increase to $0.001586. Buyers wanting to take advantage of this low-cost entry point will need to act quickly.
This crypto is also used to obtain staking rewards of up to 550% per year. More than 2 billion $SOLX tokens have been staked since the presale began two weeks ago. Solaxy’s total supply is 138 billion tokens.
$SOLX rewards are distributed in the amount of $4377.4 $SOLX per ETH block. They will be distributed over three years and can be claimed once the pre-sale has started.
Can the Solaxy project redefine how developers and traders interact within the Solana and Ethereum ecosystems?
The $7 million presale reflects a certain confidence on the part of investors. Their mission is to improve the performance of Solana while combining it with Ethereum, an ecosystem with a lot of liquidity.
One of the main features of Solaxy is its ability to seamlessly integrate with Solana and Ethereum.
This multi-chain approach makes it possible to take advantage of the strengths of each blockchain. Solana is ideal for high-frequency trading and decentralized applications, while Ethereum offers unparalleled liquidity and security.
By creating a bridge between these two ecosystems, Solaxy allows users to simply transfer assets between the two blockchains.
This integration improves the user experience, but also paves the way for the arrival of new multi-chain applications.
Why Solaxy? To tackle blockchain bottlenecks
Solaxy was designed to address the ongoing challenges facing Solana. Its popularity as a platform for launching meme coins and other high-volume transactions has led to a lot of congestion. Spam-type transactions, often coming from bots, clog up the network, leading to failures and delays.
Despite its reputation for speed and cost-effectiveness, Solana, however, struggles to manage peak periods. Up to 70% of “no vote” transactions fail during these periods.
If Ethereum dominates when it comes to DeFi, its scalability limitations prevent fluidity with other blockchains like Solana.
Solaxy meets these challenges thanks to its Layer 2 solution that optimizes transaction flows and reduces congestion.
Solaxy in fact reduces the network load, which guarantees the speed, reliability and scalability of Solana.
With fewer transaction failures, users can trust the network to carry out critical operations.
Support from the Solaxy community
Solaxy sets a precedent for what is possible in blockchain innovation.
Thanks to the support of well-known personalities like ClayBro which has 20,000 subscribers on its social networks, Solaxy has attracted the interest of cryptocurrency enthusiasts around the world.
The YouTuber StockInvestorwho has over 50,000 followers, made a video on how to buy $SOLX.
The current presale phase presents an opportunity for investors to acquire $SOLX at the lowest price before future price increases.
You can purchase $SOLX on the Solaxy.io homepage or via the Upcoming Tokens found in the new Web3 Best Wallet crypto wallet.
With its innovative Layer 2 solution that addresses real-world problems of one of the fastest growing blockchain networks, Solaxy offers long-term growth potential.
For the latest updates on the project, connect with the $SOLX community on X and Telegram.
Visit the SOLX pre-sale website.
This article does not constitute investment advice in any way. The information provided here should not be used as a basis for making financial decisions. Investing in cryptocurrency involves risks and can result in significant losses. You should only invest what you can afford to lose and carry out your own research before making any investment decisions.
