Solaxy presale raises $4.5M for Solana Layer 2 solution

Solaxy nears $5M presale goal, offering low entry prices and high staking APY to early investors on Solana’s Layer 2.

Solaxy (SOLX) is developing a Layer 2 solution to enhance the user experience on Solana, and investors are taking notice. Less than two weeks have passed since the presale started, and the project’s funds are just $419,000 away from the $5 million mark.

Since the project is still in its early stages, investors have a chance to secure their share of SOLX at a low price and benefit from a massive staking APY to maximize their investment. Let’s take a closer look at this project and what it’s all about.

Solaxy presale outperforms similar projects as it gains momentum

The Solaxy presale officially opened its doors to early investors on December 12th, and it has already raised over $4.5 million. While the project’s scope plays its part in attracting investors, Solaxy is featured on Best Wallet’s Upcoming Tokens section, making it available to the app’s 100,000+ monthly users and boosting its visibility further.

This makes it very similar to Pepe Unchained (PEPU), an Ethereum-based Layer 2 blockchain project that successfully ended its presale phase with over $73 million raised. Once its presale ended, PEPU launched on Uniswap and soared by more than 600% in the first 48 hours, securing listings on LBank, BingX, MEXC, and other exchanges as its price rose.

Comparing the early success of these two presales puts Solaxy ahead, as Pepe Unchained took more than a month to raise $4.5 million.

https://twitter.com/SOLAXYTOKEN/status/1870529241072173066

To enter the presale, investors can purchase SOLX using BNB, ETH, USDT, or a bank card. No minimum investment is required. Currently, SOLX costs $0.001576 each, but its per-token price will increase in just one day or if the presale raises another $273,000 by tomorrow.

If Solaxy keeps its momentum, it could surpass PEPU’s success and potentially deliver better returns on launch.

Solaxy aims to resolve the issues Solana’s users face

Solana is among the top three blockchains by transaction volumes, and its daily transaction count has only increased with pump.fun’s launch. As such, its ecosystem is prone to network overloads and congestion that can result in failed transactions or slow transaction speeds.

Solaxy intends to resolve these issues with its Layer 2 blockchain, which will reduce the burden on Solana’s Layer 1 chain by bundling up and processing transactions in its stead. This won’t just make Solana more scalable but also more cost-effective for its users. Plus, the bundled transactions will still be finalized on Solana’s network, leveraging its robust security.

The development of the Solaxy Layer 2 blockchain is in full swing, fueled by 30% of the project’s total 138 billion token supply.

Crypto analyst ClayBro has reminded his 134,000-strong audience on YouTube of the congestion issues Solana users faced in March, April, and June of 2024 during meme coin booms.

As he anticipates a meme coin supercycle, ClayBro is impressed by Solaxy’s goal to improve Solana’s performance and advises his followers to enter the presale while it’s in its early stages.

Bolstered by robust investor security, Solaxy’s community sees rapid growth

Despite Solaxy’s ambitious goals and the utility of its upcoming Layer 2 blockchain, it’s a meme coin first, and as such, its success largely depends on the strength and trust of its community.

The project’s 4-phase roadmap reveals it has a strong focus on community building. Its first phase prioritizes marketing, for which the project allocated 15% of its total token supply, and that has already attracted over 22,000 followers across Solaxy’s X (Twitter) and Telegram channels.

The presale also adopts a dynamic model for staking rewards to encourage early adoption. As more SOLX gets added to the staking pool, the staking yields reduce, which rewards early participants with the best returns.

https://twitter.com/SOLAXYTOKEN/status/1867318005660889427

Currently, the project offers an 859% staking APY, allowing investors to nearly 9x their token holdings long-term. 

Solaxy’s developers also emphasize investor security, with 10% of the total token supply reserved for liquidity to ensure a safe trading environment. Plus, Coinbase, a security firm, audited the project’s smart contract and found no issues in its code.

Although volatility is as high as ever in the meme coin space, Solaxy stands a solid chance to explode following its DEX launch and the subsequent release of its Layer 2 blockchain.

For more information, visit the Solaxy presale website.