How to Buy Solaxy – SOLX Presale Review 2024

Solana is slowly making its return as one of the leading crypto investments, as evidenced by it crossing the $200 threshold recently. However, on the technological side of things, it still lacks in terms of speed when transactional volume goes high. Claiming to solve this issue is Solaxy.

Establishing itself as an L2 solution developed on the Solana blockchain, Solaxy aims to outpace Solana in terms of speed, costs, and flexibility. Available on presale, this unique blockchain project has raised more than $600k so far. This guide provides insights into how to buy Solaxy and what the token’s upsides are.

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Solaxy Overview

Solana has reigned supreme as one of the most prominent Layer 2 solutions available on the market. Made popular thanks to meme coins, this blockchain continues to be favored among those looking for swift transactions and low-cost barriers.

However, despite all the positives of the Solana ecosystem, the project continues to face shortfalls, especially under the weight of large-volume transactions. This has been especially noted with Solana-themed meme coins, whose rapid popularity has revealed the Solana blockchain’s reduced efficiency.

Solaxy portrays itself as Solana evolved. Calling itself the Solana Layer 2, the ecosystem aims to reduce the load that Solana suffers. As a result, it seeks to deal with many issues, including downtime due to congestion.

Furthermore, the L2 solution Solaxy is reportedly very customizable, making it accessible for multiple meme coins to be deployed easily. The term “infinitely scalable” has been used to describe the ecosystem, which can be considered good for meme assets, which are generally considered the driving force of the crypto economy.

These attributes have made the token a hit during its crypto presale, and more investors are coming in.

Read on as we explore the project’s intricacies further to highlight what it has and what it takes to become the next big cryptocurrency investment of 2024.

How to Buy Solaxy – Complete Guide

Below is the guide one should follow to buy Solaxy while it is on presale. The steps, as one will observe here, are generic. However, they are still critical since even a small issue can cause massive losses.

Step 1 – Visit the Official Website

The first step is to visit the official website—solaxy.io—using only the links provided on this platform. This is a crucial step since Solaxy’s presale success, as evidenced by its raising upwards of $1.8 million in less than a week can potentially lead to many phishing websites being created.

Step 2 – Connect the Wallet

The next step is to connect the wallet. Although it is a simple process, users must choose between Best Wallet, Coinbase Wallet, MetaMask, or Wallet Connect to use QR codes for connection.

Best Wallet is a recommended option. It is capable of handling transactions quickly, is secure, and offers a simplified UI to interact with crypto presales.

Step 3 – Buy Solaxy

The final step is to enter the number of ETH, USDT, or BNB and then swap it for Solaxy (SOLX). The process should be instantaneous. Solaxy has also provided an option to stake the bought tokens for those looking to make additional passive income. Furthermore, staking will also mitigate any last-minute sell pressure that could drop the SOLX price upon listing.

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Solaxy – Complete Analysis

Solaxy is a crypto project that uses memes to highlight its use cases. Its main mascot is a Pepe wearing clothes similar to those of Albert Einstein, and part of the visual appeal of this project is the relativity equations and galactic imagery spread throughout the official website.

It aims to change Solana by addressing its shortfalls and injecting perks like unmatched scalability, fast (light speed) transactions, and “purpose-built” customization. Built on top of the Solana blockchain, the project aims to help Solana reach its highest potential and pave the way for more innovation.

Current Problems of the Solana Ecosystem

The first thing that the Solaxy whitepaper does is highlight the critical issues plaguing the Solana blockchain until now.

High Congestion

When traffic is high, Solana’s performance is limited. This, in turn, leads to downtime and network bottlenecks, creating issues in the long run.

Scalability Limits

Last year, a flurry of new Solana-based meme coins arrived in the ecosystem. While all of them quickly showed their immense potential, none could venture into a utility-focused territory because of Solana’s scaling issues.

Failed Transactions

Other issues that plague Solana are related to failed transactions. These issues are particularly noteworthy because they have given Solana a bad reputation for being an unreliable network.

Solaxy’s Solutions to These Issues

To address these issues, Solaxy is taking a three-pronged approach, tackling all the problems simultaneously.

Off-Chain Processing

The first way Solaxy addresses Solana’s congestion issue is by creating an L2 where Solana can offload some of its transactions. This way, Solaxy envisions transactions as faster and smoother.

Transaction Bundling

Instead of addressing each transaction separately, Solaxy is focusing on bundling them together. This implements batch processing, which makes the network more scalable while reducing costs and increasing the network’s throughput.

Layer 1 Settlement

While addressing all the highlighted issues, Solaxy is embracing the high level of security Solana provides. This reinforces protection for the ongoing transactions on the mainnet.

The Solaxy Engine 

To ensure that all the elements Solaxy has envisioned come to fruition, it embraces Solana’s ethos and combines them with the roll-up architecture. This way, the expectation is to create a better solution for end-users.

Here are the core reasons highlighted by Solaxy L2:

Fastest Chain Ever

Per the whitepaper, Solaxy is designed to outperform Solana while delivering lightspeed transactions even during peak times.

Zero Downtime

Unlike Solana, which often underperforms under the pressure of high traffic, Solaxy has adopted the roll-up architecture to ensure that the network runs without interruptions.

Fully Customizable

Solaxy has been designed to be more customizable than its competitors, allowing developers to build decentralized applications easily. This approach, per the whitepaper, can potentially optimize Solaxy for any use case.

Meme Coin Friendly

Since Solana’s renewed relevance on the market is due to the addition of new meme coins, Solaxy’s scalability can potentially help it easily manage high transaction volumes.

Solaxy Tokenomics

Solaxy has opted for tokenomics, which is found in most meme coins. It has a total supply of 138,046,000,000, allocated according to the following:

• 15% of the supply is earmarked for marketing to ensure the word is out about this unique meme coin project across the crypto space.
• 25% is allocated to rewards to ensure that early supporters get more perks from the ecosystem.
• 10% is reserved for listings so that Solaxy can introduce itself to top-tier cryptocurrency exchanges in the future.
• 20% is allocated to the treasury, which is reserved for the crypto winter.
• 30% is allocated to the project’s development to expand the ecosystem.

Solaxy Roadmap 

Solaxy Roadmap is divided into three phases:

Presale Process

The first phase is the presale process. Here, early buyers can participate and get the tokens at the cheapest price. The presale is staged, which means the token price will increase with each stage.

TGE, Bridge, and Listing

The second phase is dedicated to token generation events, bridges, and listings. Essentially, presale buyers will be able to bridge their tokens to the Solaxy Layer 2 blockchain, and the tokens will become available to trade on centralized and decentralized exchanges.

Solaxy Deployment

Finally, the Solaxy network will be deployed.

Although the timeline isn’t highlighted on the official website, the pace of the presale suggests that investors might see the ecosystem fully developed by the end of 2025 or the first quarter of 2026.

Is Solaxy a Good Investment?

Much like all other cryptocurrency investments, the question becomes—should one buy Solaxy? Here are some of the reasons it has the potential to become the next crypto to explode.

Understanding of Solana’s Ecosystem

The first factor that stands out about Solaxy is how knowledgeable the developers are about Solana’s ecosystem. They clearly address the ecosystem’s current shortfalls but do not underplay the network’s significance for the crypto space. Solaxy, as an L2 solution for Solana, makes sense, and the way the architecture has been described could result in a better blockchain in the future.

Meme-Based Imagery

Even though Solaxy doesn’t address itself as a meme coin, the imagery on the official website hints towards it. With sprinkles of star bodies, such as the sun, moon, and asteroids, across the homepage and the official whitepaper, it is clear that there are some quirks associated with Solaxy.

Furthermore, the portrayal of Pepe Einstein as the project’s mascot consolidates Solaxy’s position as a potential Solana meme coin. This aspect gives Solaxy the potential to go viral in the future.

Staking Perks

While the Solaxy presale offers early moving opportunities, there is also staking for those looking for long-term perks. Over 600 million tokens were staked at the time of writing, and the estimated rewards were just above 1800%.

As a staking coin, Solaxy could have suitable long-term perks for those looking for passive income opportunities.

Using Existing Narratives

Most recent meme coins have not been able to gain traction because their narratives have been fresh and uninteresting. With Solaxy, however, the focus is on an existing Solana meta-narrative. This could give the token initial traction and boost its value in the long run.

Beyond Solana, Solaxy also rides the Pepe wave with its mascot. This could also help the token gain a presence among meme coin investors. As a result, Solaxy has multi-chain potential, making it a suitable option for most investors.

Audited Project

Solaxy has been audited by Coinsult and Solidproof. This adds to the trust factor of this project, making it more appealing to investors.

Overall, Solaxy presents itself as a trusted project. Its high potential stems from its innovative Solana L2 solution. For day traders, Solaxy’s meme-based appeal could have major upsides.

Solaxy Price Prediction

Solaxy is shaping up to be a high-potential token. According to top crypto channels like Cryptonews, the project’s focus on Solana could help it pump in value once it goes live on cryptocurrency exchanges.

The initial Solana meme coin meta-narrative could give it a boost. While it is unlikely that it could be as high as BONK, since Solaxy is now a meme coin, it could still be worthwhile enough for investors to take note.

In the long run, Solaxy’s price action will depend on its use cases and the decentralized applications and meme coins emerging from Solana’s ecosystem. If Solana makes noticeable improvements due to Solaxy’s L2 solution, there could be a major increase in the SOLX price.

However, much of it is speculative, and investors should also pay attention to Solaxy’s socials to learn about the ecosystem’s developments.

Solaxy Socials

Here are the social media accounts created by Solaxy.

1. Twitter
2. Telegram

Remember that developers won’t contact you first. Also, only use the links on the page to access the platforms.

The Verdict

In this guide, we have covered how to buy Solaxy and its many upsides. We have also explored its features and discussed the factors that make it a suitable investment.

Solaxy’s goals are ambitious yet simple, and the current market conditions make it a suitable Web3 crypto investment. Those interested should visit the official website to get started.

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