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Time is ticking on what could be a huge development for the Solana network.
Today, the team behind Solaxy (SOLX) announced that there are only 28 days left in the project’s presale.
That means now the last chance to secure SOLX tokens at a fixed price before they hit exchanges next month.
This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page.
Solaxy Presale Closing Soon – Last Chance to Invest Early
Put simply, it’s stepping up as the first-ever Layer-2 scaling solution for the Solana blockchain.
It can process transactions off the main chain, bundle them up, and settle them back on Solana.
This whole setup is built to ease network traffic, speed things up, and make transactions cheaper for Solana users.
That could be great news for specific dApps.
And this excitement around Solaxy is pretty understandable when considering Solana’s past struggles.
While it’s known for speed, it has struggled with congestion, especially during hot new meme coin drops like TRUMP.
Solaxy aims to fix that by soaking up the extra demand.
It’s also built to connect to Ethereum, bringing together the best of both blockchains.
This mix of solving a real headache for Solana users, plus the $37.7 million presale haul, has excited crypto influencers like Borch Crypto.
Solaxy Progress – Testnet, Security, Tokenomics, and Future Applications
Solaxy’s team has been laying the groundwork for the future.
Their testnet bridge recently went live, linking up with the Solana Devnet.
This means users can already start bridging native SOL between Solana and Solaxy, which is a big step for that promised interoperability.
Alongside this, a public block explorer is up and running, letting anyone track transactions on Solaxy’s Layer-2 in real time – handy for developers and curious traders.
On the security front, Solaxy’s smart contracts were audited by Coinsult.
They ran a full audit and confirmed there are no red flags like honeypot risks.
Plus, digging into Solaxy’s tokenomics, there’s a total supply of just over 138 billion SOLX tokens, with allocations set aside for project development, staking rewards, marketing, and liquidity.
Looking ahead, Solaxy’s team sees SOLX playing a key role in areas like DeFi and GameFi.
Things are looking incredibly promising for this new Layer-2 network.
So, with just four weeks left before the presale wraps up, the window for early birds to get involved with Solaxy’s vision is quickly closing.
This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.
Nikolay is a crypto enthusiast, with a keen interest in emerging technologies and investment strategies. He holds active positions across various crypto exchanges, regularly analyzing and investing in promising new projects and meme cryptos. Nikolay is known for his ability to take calculated risks and extract value from unconventional investments, with his highest return being 13X with the $PEPE token.
His investment philosophy includes a strategic approach focused on long-term growth, supported by in-depth research of market trends and innovations in crypto and blockchain technologies. Niki actively monitors global market changes and has a deep understanding of cryptocurrency mechanisms and their potential for development.