AdThe first ever Solana Layer 2 Presale Solaxy, Explodes with OVER 30M raised
AdSolaxy : First Solana Layer 2
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2023 saw the arrival of meme coin mania, and 2024 saw Bitcoin reaching all-time highs. The latter has allowed many meme coins to arrive with novel use cases. No longer do they focus on minimal gains over a short time, but now they sport benefits that make them a good long-term investment. One of the most interesting among them is Solaxy.
Developed on the Solana blockchain, Solaxy (SOLX) has been developed to enable Solana to handle a “galaxy of meme coins” by providing it with an L2 solution. Can this novel token become the next big crypto?
Solana has been called the “people’s blockchain,” due to the many inclusive features it offers, such as high processing speeds and low transaction fees. However, that does not prevent its architecture from encountering failures from time to time. Often there are too many transactions to handle, with resultant congestion reducing the transaction speeds, sometimes to the point of shutting down the system.
In 2024, there have been 6 major outages so far, and over 15 partial or major outage days. This is a significant issue in an ecosystem thriving on meme coins.
Solaxy is here to provide a solution. According to the official whitepaper, it is a layer 2 solution that will help offload some transactions from the Solana network, reducing Solana’s burden and ensuring faster and smoother transactions.
This approach to batch processing is said to optimize scalability, keeping costs low and throughput high. All the while, Solaxy maintains that it will leverage Solana’s robust security features to keep the assets safe.
The project's main docs have highlighted four key features that make Solaxy’s L2 a good choice for investors:
Akin to other meme coins, Solaxy features robust and straightforward tokenomics. Here is the complete breakdown:
One thing to note is that the tokenomics hasn’t highlighted the portion allocated to the presale, so it is possible that the “rewards” part is what people can currently purchase from the ICO.
Solaxy, as one would expect, has designed a roadmap tailored for a meme coin, divided into three stages.
The Solaxy ICO has been met with a positive reception, thanks to the overall favorable market conditions. To date, the token has raised upwards of $8 million.
YouTubers, such as 99Bitcoins, have spoken positively about the crypto ICO, highlighting its potential. “It could be a big one to look at,” said the reviewer.
The current market conditions could make it an opportune time to invest in Solaxy, with the Solana price showing strength as of January 2025.
Furthermore, the project's core perks focus on utility while still maintaining a meme coin image, offering upsides for both short-term traders and long-term investors.
To learn more about this project, visit the official website and consider following its Twitter and Telegram for updates about the ecosystem.
Disclaimer
The information on Coinsniper is user-generated and not verified. Coinsniper does not provide financial advice or facilitate transactions.
Also note that the cryptocurrencies listed on this website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments.
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