The Ultimate Layer 2: Solaxy Combines Ethereum’s Strength with Solana’s Speed for DeFi Domination

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As a seasoned analyst with over a decade of experience in the crypto industry, I must admit that the meteoric rise of Solaxy’s presale is nothing short of impressive. Having witnessed numerous ICOs and presales come and go, it’s rare to see such rapid growth within the first week.

It’s been under a week since the launch of the $SOLX presale, but Solaxy’s native token is taking no prisoners. After raising $350K in its first 24 hours, just five days later, that tally has skyrocketed to $2.85M.

As an analyst, I find myself invigorated by the prospect of Solaxy’s endeavor to construct a Layer 2 protocol, which aims to augment Solana’s robust features while addressing areas where it has previously faltered.

The massive number of transactions on Solana network (approximately 178.75 million over the last week, as reported by DappRadar) is primarily due to meme tokens and has led to some bottlenecks and unsuccessful transactions.

As a crypto investor, I’m thrilled about this development, especially for those of us focusing on meme coins. After all, Solana is the primary stage where most meme coins debut and are traded. However, Solana isn’t the only one poised to benefit. This positive news could potentially ripple across the entire crypto landscape, creating opportunities for other platforms as well.

In a multi-chain approach, Solaxy aims to seamlessly connect the heavyweights of blockchain technology, Ethereum and Solana. This connection will leverage the substantial liquidity and robust security that Ethereum’s Decentralized Finance (DeFi) environment offers.

In simple terms, Ethereum and Decentralized Finance (DeFi) are closely associated, with a combined worth of approximately $131.42 billion locked in them. However, Solana is also making significant strides in the DeFi sector – it’s the second largest player behind Ethereum, with around $14.33 billion worth locked in it. This is one of the main reasons why investors are eagerly purchasing $SOLX; they believe that Solana is on the verge of dominating the DeFi market.

Solaxy’s Meteoric Presale Is On Fire

The $SOLX presale launched at a cool $0.001. But that was a week ago, and the price has now risen to $0.00157. And, with a total token supply of 138,046B, staking rewards are currently estimated at an impressive 1,239% per annum.

Tomorrow within the next 10 hours, we’ll move on to a new pricing phase, where it’s anticipated that the SOLX kitten will reach approximately $3.132 million in value.

From my perspective as an analyst, I’d like to shed some light on the tokenomics of the $SOLX. Thirty percent of the total allocation is dedicated towards building our crucial Layer 2 ecosystem, while a quarter (25%) is earmarked for early-bird rewards. The rest of the tokens are distributed: 20% for the project’s treasury, 15% for marketing efforts, and 10% to list $SOLX on various DEXs and CEXs.

How to Buy $SOLX

SOLX can be acquired using ETH, USDT, credit/debit cards, or BNB as well. However, keep in mind that opting for a BNB payment during the presale will forfeit your annual staking rewards.

Regarding card payments, it’s necessary to connect your credit card with a cryptocurrency wallet prior to executing a transaction. If you haven’t already got a crypto wallet, the Solaxy website advises new investors to download the Best Wallet application for this purpose.

Choosing Best Wallet is an excellent decision due to its advantages: it’s free, provides high security, and has lower transaction costs. Notably, it operates as a mobile-only app in the non-custodial wallet category, meaning users retain exclusive control of their digital assets – unlike other crypto wallets that are often owned by centralized exchanges or corporations.

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2024-12-19 17:26