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Solaxy’s presale success ignites altcoin interest
Solaxy (SOLX) is a Layer-2 scaling solution for Solana that comes in meme coin packaging. Although Solaxy is an altcoin project at its heart, it doesn’t shy away from embracing the fun spirit of meme coins. The degen vibe has helped the project win instant attention from investors, especially those looking for quick gains.
However, Solaxy doesn’t plan on being a fleeting trend. Instead, it has its eyes set on long-term growth. To ensure that investors hold on to their tokens even after the debut launch and initial pump, Solaxy introduces strong tech with high relevance.
The Layer-2 scaling solution, currently under development, addresses some of the key pain points on Solana. That explains why the presale has raised over $28.5 million in a short time.
Solaxy’s goal is to reduce congestion and high fees on the Solana network. For this, it processes transactions off-chain and bundles them before settling them on Solana’s mainnet.
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Solana also plans to introduce a multi-chain bridge that connects the Solana and Ethereum networks, potentially paving the path for seamless asset transfers between these two blockchains.
Solaxy has undergone a smart contract audit by Coinsult, with the full report published on its website for public consumption
The total supply of SOLX tokens is 138 billion. The tokenomics focuses on development, passive rewards, treasury reserves,