New Solana Layer 2 ICO Raises $4.6 Million – Is Solaxy the Next Crypto to Explode?
Release: 2024/12/24 00:29 Reading: 610
This year has been remarkable for meme coins, with established names like DOGE and newcomers like Wall Street Pepe making waves. Experts, however, are eyeing Solaxy (SOLX) as a potential 10x token.
As interest in crypto resurges, meme coins are once again capturing attention. Many recall how meme coins transformed lives during the 2021 bull run. Shiba Inu remains a focal point for investors, despite trading slightly in the red at $0.00002171 per coin.
The last two months have witnessed a shift toward meme tokens, with investors seeking the next big opportunity. The latest data reveals a record-breaking surge in Google searches for meme coins, signifying unprecedented interest in this segment of the cryptocurrency market.
Amidst the hype, one token stands out: Solaxy (SOLX), the Solana Galaxy token.
Solaxy Presale Surges to $4.6 Million
Solaxy's presale has been moving quickly, surpassing $4.6 million in just over a week. Early investors have been acquiring $SOLX tokens for $0.001576 each, with the next price increase approaching.
$SOLX can be purchased using ETH, BNB, or SOL, allowing access to users on major blockchains. It's also available for purchase with a card or through Best Wallet's Upcoming Tokens feature. For more information, refer to the guide on purchasing Solaxy tokens.
Early buyers can stake their $SOLX tokens to earn rewards at an impressive rate exceeding 800% APY. Over 1.3 billion $SOLX tokens have been locked in the staking pool, with rewards distributed over three years.
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To ensure security, 10% of the total token supply is dedicated to liquidity, preventing market manipulation and reducing slippage. Coinsult's audit of Solaxy's smart contract identified no centralization risks or security threats.
As funding goals are met, the token price will increase, giving investors a brief window to acquire $SOLX at its current low price.
The final presale price and launch date remain pending, with updates regularly shared on Solaxy's official channels.
Solaxy: A Layer 2 Solution for Transforming Solana
Solana's speed and low costs make it a popular choice for high-traffic applications, including meme coin launches. However, network congestion, spam transactions, and failed executions have become prevalent as its use increases.
Solaxy, the first Layer 2 protocol on Solana, addresses these issues by boosting scalability, increasing transaction throughput, lowering fees, and improving reliability. It operates as an express lane, allowing priority traffic to move smoothly without congestion delays on Solana's main network.
By handling a significant portion of the transaction load, Solaxy reduces network congestion and ensures legitimate transactions are processed swiftly.
Furthermore, Solaxy connects with Ethereum, combining Solana's speed and low costs with Ethereum's liquidity and security. Its native token, $SOLX, functions across both networks, bridging the gap between the two blockchains.
This multi-chain approach grants users access to Ethereum's liquidity while retaining Solana's fast and affordable transactions. Solaxy's advancements aim to enhance Solana's scalability, reliability, and readiness for future projects choosing this blockchain for development.
With staking rewards, multi-chain access, and solutions for network challenges, Solaxy is a project worth exploring as it moves closer to exchange listings. To stay informed about its progress, refer to the $SOLX price prediction guide.
To participate in the $SOLX token presale, visit solaxy.io.
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