Solaxy ($SOLX) is a brand new crypto project aiming to build the world’s first Solana Layer-2 network. It’s a potentially critical solution to Solana problems like network congestion and failed transactions. So, it’s no surprise that Solaxy has already raised an impressive amount in its ongoing crypto presale.
In this guide, we’ll explain how you can join the Solaxy presale and lock in the lowest price for $SOLX. Keep reading to find out how to buy Solaxy today.
The Solaxy presale is going on now, giving investors a chance to get in on the ground floor of this exciting new Layer-2. Here’s how to buy $SOLX during the presale.
Solaxy requires a crypto wallet that’s compatible with the Ethereum and Solana blockchains. We recommend using Best Wallet, a free Web3 wallet that offers great security features and a streamlined user experience. We especially like Best Wallet because it has a built-in fiat-to-crypto onramp, which makes the next steps easier.
You can download Best Wallet from the Apple App Store or Google Play. After installing, tap ‘Get Started’ and create a new account using your email address and phone number.
You’ll need $ETH, $USDT, or $BNB to swap for $SOLX during the Solaxy presale. We recommend using $ETH or $USDT because they support staking.
If you’re using Best Wallet, you can purchase $ETH or $USDT using the wallet’s integrated onramp. Just tap ‘Buy Crypto,’ then select a payment method and enter the amount to buy. Your tokens will be added to your crypto wallet instantly.
If you’re using a different wallet, you’ll need to set up an account with one of the top crypto exchanges to purchase $ETH or $USDT. Make a deposit, complete your purchase, and then withdraw the tokens to your wallet address.
Visit the Solaxy presale and click ‘Connect Wallet.’ Select Best Wallet (or your chosen wallet) from the pop-up menu, then follow the prompts to complete the connection.
Enter the amount of Solaxy you want to purchase in $ETH or $USDT. The presale site will automatically calculate the corresponding amount of $SOLX you’ll receive after gas fees. When ready, click ‘Buy $SOLX’ to complete your transaction.
After making your purchase, you’ll have an opportunity to stake your $SOLX and start earning rewards. Just click ‘Stake $SOLX’ and confirm that you would like to stake. You can monitor your rewards by visiting the Staking page on the Solaxy presale site.
While Solaxy is an honest project, there are a lot of scams in the world of crypto presale, including phishing or spoofed websites that may affect your holdings if you are not careful. Here are some tips to make sure you stay safe when investing in $SOLX.
Secure Your Crypto Wallet
Beware of Scams
Do Your Research
Solaxy is a new Solana project aiming to build the first Layer-2 scaling solution for Solana. It’s similar to Arbitrum, Base, Pepe Unchained, and other Layer-2 networks created for Ethereum.
Solaxy will use Solana’s blockchain for security while enabling users to conduct transactions on its own side chain. The benefit is that transactions on Solaxy can proceed more smoothly, with no congestion and lower transaction fees.
The ultimate goal of the Solaxy Layer-2 is to reduce the strain on Solana, which has led to slow transaction speeds and even network downtime. The Layer-2 will increase speed and scalability, positioning Solana as one of the leading blockchains for the future.
Transactions on the Solaxy network will require the project’s native $SOLX token to pay for gas fees. $SOLX is available to buy on presale now, giving investors a chance to lock in tokens at a discount before the Layer-2 launches.
The presale began at a price of $0.00150 and is currently priced at $0.001562, a 4.1% increase. Solaxy has raised more than $940,000 in the first 72 hours of its presale.
$SOLX has a total supply of 138.046 billion tokens divided into the following allocations:
Has Solaxy Been Audited?
The Solaxy smart contract has been audited by Coinsult. The audit firm found no issues with Solaxy.
Solaxy has already raised over $2 million in just the first 7 days of its presale, showing just how excited investors are about getting in early on this Solana Layer-2 project. Let’s take a closer look at some of the key reasons to consider buying $SOLX during the presale.
It’s early days for the Solaxy presale, so it’s hard to predict with certainty just how high this project could soar. But the fast progression of the $SOLX token sale is a promising sign, and investors in the first stage of the presale have already earned unrealized gains of 4.1%.
The best way to understand Solaxy’s potential is to look at the trajectory of Ethereum Layer-2 networks, which managed more than $36 billion in total value locked (TVL) as of March 2024. The biggest Ethereum Layer-2, Arbitrum, has a market cap of more than $4.1 billion for its $ARB governance token.
Solana isn’t quite as big as Ethereum right now—it has a market cap of $108 billion compared to Ethereum’s $479 billion. But, if we estimate that Solaxy can capture a proportional value relative to Ethereum Layer-2 networks, we calculate a potential TVL of $8 billion for the $SOLX token once the network matures. That would represent an 8,000x from the $SOLX presale valuation today.
Even if this estimate represents a best-case scenario, it indicates the potential magnitude of this project.
There are several important factors that we expect to influence the Solaxy presale and the future price of the $SOLX token.
Now that we’ve gone through the entire process of purchasing Solaxy at discount prices during the Solaxy presale, you will hopefully have a better picture of how to do it yourself. Buying Solaxy (and any crypto for that matter) is a simple process as long as you have a reliable wallet. With the growing accessibility of cryptocurrency platforms, it’s easier than ever to get started.
Solaxy is a new crypto project that’s building the first Layer-2 scaling solution for the Solana blockchain. The Solaxy Layer-2 will enable faster and cheaper transactions while solving the Solana blockchain’s congestion problems. The $SOLX token will be used to pay for transactions on the Solaxy network.
You can invest in Solaxy’s $SOLX token presale by setting up a crypto wallet (we recommend Best Wallet) and adding ETH or USDT to it. Then, just connect your wallet to the Solaxy presale site and swap your ETH or USDT for $SOLX. You’ll be able to claim the tokens you purchase at the end of the presale.
If you run into any problems when buying $SOLX, you can contact the Solaxy project team through the presale site or through X or Telegram.
Solaxy is offering investors up to 2,610% APY during the $SOLX token presale for staking the coins they purchase. 25% of the total token supply is reserved for community rewards, which includes staking rewards.
Investors in the Solaxy presale can claim their purchased $SOLX tokens once the presale closes. You’ll have a chance to claim before the coin begins trading on exchanges. Follow Solaxy on X and Telegram to get the latest updates about token claiming.
The Solaxy project team hasn’t yet announced when the $SOLX token will list on exchanges. The presale is still in its early stages, so we expect the token to list sometime in spring 2025.
Source: cryptonews.com
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