Jakarta, Indonesia, December 19th, 2024,
Chainwire
With Solana facing growing congestion
challenges, a new Layer-2 scaling solution is beginning to draw
investor attention.
Solaxy (SOLX), aiming
to become Solana’s first Layer-2 protocol, has raised almost $3
million in its ongoing token presale event.
SOLX Token Presale – Price
Stages and Staking Rewards
Since going live, the Solaxy presale has passed
through multiple price stages. SOLX tokens are currently priced at
$0.00157 each, although each new funding milestone triggers a
slight price increase.
For those looking to participate, the
presale accepts ETH and USDT payments, with credit/debit card
options for those new to crypto. Additionally, presale buyers can
stake their SOLX tokens for potential rewards.
The project will disburse staking rewards over a three-year
period.
Blockchain security firm Coinsult has also audited the SOLX smart
contract. Their audit found no issues or vulnerabilities with the
token’s code.
Though Solaxy has yet to announce the
final presale price and launch date, interested investors can
follow its development through its X (formerly Twitter) and Telegram channels. The team posts regular updates on
the project’s progress and presale milestones.
How Solaxy Solves Network
Congestion Through Layer-2 Technology
Solaxy aims to tackle
one of Solana’s biggest pain points: network congestion. The
protocol works by moving transactions off the main Solana chain and
processing them on a dedicated Layer-2 network – reducing the load
on Solana’s infrastructure.
This approach employs a rollup
architecture that bundles multiple transactions together before
settling them back on Solana’s mainnet. The aim is to allow for
higher transaction throughput.
Solaxy also emphasizes
interoperability. It’s designed to bridge the gap between Solana
and Ethereum, allowing users to move assets between the two
blockchains. Solaxy’s team hopes this will open up possibilities
for cross-chain applications and DeFi integrations.
The project has already caught the
attention of several crypto commentators. For example, the team at
99Bitcoins recently
released a video discussing Solaxy, breaking down its approach to
solving Solana’s scalability challenges.
About Solaxy
(SOLX)
Solaxy is developing a
Layer-2 scaling protocol for the Solana blockchain to reduce
congestion and prevent failed transactions. Its native token, SOLX,
will power transactions on the network.
Users can visit the Solaxy presale here.
Contact
Solaxy
info@solaxy.io