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Cryptocurrency News Articles
Solaxy Raises Over $500,000 in Presale to Solve Solana's Scalability Issues
Dec 18, 2024 at 08:17 pm
Solaxy is a Layer 2 technology that aims to enhance Solana's ecosystem while addressing its critical pain points.
Solaxy Presale Surges Past $500K in 3 Days, Offering Early Entry to Revolutionary Solana Solution
Solaxy, a Layer 2 technology designed to enhance Solana's ecosystem, has quickly gained traction during its presale, with over $500,000 being raised within three days. This strong market response highlights the anticipation for a scalable solution to Solana's network congestion issues.
The platform encountered technical difficulties on day two of the presale due to the overwhelming traffic, but it was quickly resolved with the help of its development team. This incident further demonstrates the high level of interest in Solaxy's offering.
Throughout the seven presale phases, early investors have the opportunity to acquire SOLX tokens at an entry price of $0.001558, which is set to increase gradually through the later stages of the presale. This structure provides a substantial advantage to those who participate early.
In addition to the presale, Solaxy's roadmap includes a staking program launch, which will offer early participants the chance to earn passive income by locking their tokens. This program has already attracted 711 million SOLX tokens, with an estimated annual reward rate of 1618%.
The staking mechanism features dynamic reward rates, currently generating 4377.4 rewards per ETH block, and the process is designed for simplicity, allowing presale participants to immediately lock their tokens and begin earning rewards.
This approach not only incentivizes early participation but also helps establish a stable token economy from the outset. Early supporters are crucial as they often become project advocates, contributing to organic growth through their networks and enhancing the project's credibility in the broader cryptocurrency ecosystem.
This early support is crucial as these investors often become project advocates, contributing to organic growth through their networks and enhancing the project’s credibility in the broader cryptocurrency ecosystem.
With a total supply of 138,138,138,138 SOLX tokens, the majority (60%) is allocated to the community through various channels, including presale, airdrops, and ecosystem development.
The remaining tokens are distributed among the team (10%), advisors (5%), marketing (5%), and a 20% reserve for long-term development and growth.
Solaxy's roadmap begins with the presale and concludes with a successful token presale, highlighting the platform's focus on growth and community building from its early stages.
To join the presale, users can use various wallets like Metamask, Trust Wallet, Coinbase Wallet, and Best Wallet. However, the platform encourages using Best Wallet for simplicity's sake.
After securing your wallet, visit the presale page and connect your wallet. After this, you can buy the tokens with ETH, BNB, or USDT.
Just make sure you have enough funds to secure the number of tokens you wish to hold, beginning with the current presale phase and progressing toward exchange listings. The platform integrates with popular wallets and offers user-friendly functionality.
Solaxy's presale has taken the crypto world by storm, with over $500,000 being raised in just three days. This rapid success is a testament to the platform's innovative solution to Solana's scalability challenges.
As people continue to recognize its potential, the rush into the presale might increase. This validation could also create a strong foundation for major growth throughout the platform's seven presale phases and beyond.
Don't miss out on this opportunity to be a part of the next big thing in the Solana ecosystem. Join the Solaxy presale now and secure your chance at early entry to this revolutionary platform.
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