How to Buy Solaxy ($SOLX) – Easy Guide

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.

Solaxy ($SOLX): Quick Overview

• Solana Layer-2: Solaxy is building the first ever Solana Layer-2 network, offering fast and low-cost transactions while eliminating the congestion issues that have held back Solana’s development.
• Staking rewards: Solaxy is offering staking APYs up to 2,610% during the presale and has set aside 25% of its token supply for rewards.
• Nearly $1 million raised: Solaxy raised nearly $1 million in the first 3 days of its presale, signaling strong investor sentiment about the project.

How to Buy Solaxy ($SOLX) – A Simple Guide for Beginners

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.

Step 1 – Get a Crypto Wallet

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.

Step 2 – Buy $ETH or $USDT

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.

Step 3 – Connect to the Solaxy Presale

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.

Step 4 – Choose Your Investment Amount

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.

Step 5 – Stake Your Tokens

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.

How to Ensure Safety and Avoid Scams When Buying $SOLX

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

• Only use highly secure crypto wallets that have been analyzed by experts for vulnerabilities. We recommend Best Wallet, but other secure options include MetaMask and Trust Wallet.
• Enable 2-factor authentication for your wallet. This makes it more difficult for a hacker to steal your crypto if they get access to your passcode.
• If your wallet has a seed phrase, write it down on paper and store it somewhere safe. Never store your wallet’s seed phrase in cloud storage or in your email.

Beware of Scams

• Use a trusted link like ours to navigate to the official Solaxy website. Never rely on Google Search, and always double-check the URL you are at before connecting your wallet.
• No legitimate crypto presale will ever ask for your wallet’s passcode or seed phrase. Never share this information.
• Crypto presales will only communicate through their official channels. They will not contact individual investors directly. Do not respond to unsolicited communications.

Do Your Research

• Crypto presales like Solaxy are high-risk, high-reward investments. Carefully research projects to ensure they’re a good fit for your investing approach. Never invest money you cannot afford to lose.
• Consider diversifying your portfolio by investing in several or all of the top crypto presales. When you diversify, it’s more likely that at least one of your investments will pay off and earn a net profit for you, even if some other presales result in losses.

What Is Solaxy Token?

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.

Solaxy Tokenomics

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:

Allocation	Percentage	Description
Development	30%	Tokens can be sold to fund the development of the Solaxy Layer-2 and its ecosystem
Rewards	25%	Tokens reserved for staking rewards and future rewards, such as airdrops and referral bonuses
Treasury	20%	Reserve tokens to be held by the project for future initiatives
Marketing	15%	Tokens can be sold to fund marketing efforts during the Solaxy presale and after the launch
Listings	10%	Tokens to be given to exchanges in exchange for listing $SOLX for trading

Has Solaxy Been Audited?

The Solaxy smart contract has been audited by Coinsult. The audit firm found no issues with Solaxy.

Reasons to Invest in the Solaxy Token Presale

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.

• Early Access to Solana Layer-2: $SOLX holders are likely to receive exclusive early access to Solaxy’s Solana Layer-2 network. During this time, they will have the opportunity to transact with ultra-low gas fees and test out the network before it opens to the public.
• Reduced Price for $SOLX: $SOLX will be required to transact on Solaxy’s Layer-2 network. So, investors can effectively lock in reduced gas fees by buying $SOLX at a discount.
• Great Staking Rewards: Solaxy is offering up to 2,610% APY to investors who stake $SOLX during the presale. Staking rewards are expected to continue after the launch, giving investors a way to earn passive income from this project.

Solaxy Price Prediction – What Is Next for $SOLX?

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.

Main Factors That Will Influence the $SOLX Price Potential

There are several important factors that we expect to influence the Solaxy presale and the future price of the $SOLX token.

• Presale Momentum: How quickly Solaxy is able to raise funds during its presale will have a significant impact on the token’s launch, including what exchanges it initially lists on. If Solaxy is able to sell out its entire presale supply of $SOLX tokens, there could be significant leftover demand that helps to send the price soaring after trading begins.
• Meme Coin Supercycle: Solana’s rapid growth has been driven in large part by Solana meme coins. All signs indicate that meme coin development on Solana will continue to accelerate, especially as the meme coin supercycle gets underway. This is expected to increase demand for Solaxy’s Layer-2 scaling solution.
• Staking Rewards: Solaxy is enticing investors with massive staking rewards. While the rewards rate is likely to decline, we do not know by how much or how quickly. Sustained staking rewards could help draw more investors in the $SOLX token presale and encourage investors to hold onto their tokens through launch.
• US Crypto Regulations: Crypto regulations are expected to ease in the US, which could pave the way for a Solana ETF and greater recognition of Solana-based utility tokens like $SOLX. Ultimately, this could enable $SOLX to list on major US exchanges like Coinbase and increase demand for Solaxy’s Layer-2.

Conclusion

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.

FAQs

What is Solaxy ($SOLX)?

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.

How to invest in the Solaxy token presale?

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.

How to resolve common issues when buying $SOLX?

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.

Does Solaxy offer staking?

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.

When can I claim my Solaxy tokens?

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.

When will $SOLX launch on exchanges?

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.

References

• Solana Outage: Full List Of SOL Network Blockchain Mainnet Failures (CryptoManiaks)
• Solaxy Audit Results (Coinsult)
• Will there be a Solana ETF by the end of 2025? (The Block)

Source: cryptonews.com