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.
Crypto investors are clearly excited by Solaxy’s plan to build a Layer 2 protocol that will build on Solana, incorporating all its good bits and massively improving on where it’s been falling short.
Solana’s super-high transaction volumes (178.75M over the past seven days, according to DappRadar) are driven mostly by meme coins, and have resulted in some congestion issues and failed transactions.
That’s why this is great news for crypto investors – particularly those trading meme coins. Solana is, after all, the platform where the majority of meme coins are launched and traded. But it’s not just Solana that’s set to score.
As a multi-chain solution, Solaxy will bridge that critical divide between the big boys of blockchain – Ethereum and Solana. And that means making the most of the high liquidity and security that Ethereum’s DeFi ecosystem brings to the table.
Ethereum and DeFi go hand-in-hand, with a total value locked of $131.42B. That said, Solana is also a key player in the DeFi arena – second to Ethereum, with $14.33B in total locked value. And that’s one of the major reasons behind investors clambering to buy $SOLX – DeFi domination is imminent.
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.
The next price stage begins tomorrow in less than 10 hours, when the $SOLX kitty is expected to hit the $3.132M mark.
As for the $SOLX tokenomics, 30% has been allocated to the development of that all-important Layer 2 ecosystem, and 25% for early bird rewards. The remaining amount is split between the project’s treasury (20%), marketing (15%), and listing the $SOLX on DEXs and CEXs (10%).
How to Buy $SOLX
$SOLX can be bought with $ETH, $USDT, and by credit or debit card. $BNB is another payment option. But be warned, you’ll lose out on the annual staking rewards if you choose to purchase presale $SOLX with $BNB.
As for the card payment option, you will need to link your credit card to a crypto wallet before making a transaction. The Solaxy website recommends that potential investors who don’t yet have a crypto wallet download the Best Wallet app .
Best Wallet is a good choice – it’s free, secure, and offers lower transaction fees. And, importantly, it’s a non-custodial wallet in the form of a mobile-only app. Unlike many other crypto wallets that belong to centralized exchanges or companies, Best Wallet gives users full and sole control over their wallet.
