The first Solana Layer-2 token Solaxy (SOLX) is creating a strong buzz, as much for its strong presale performance as for its uniqueness and innovation.
The SOLX presale is nearing the $8 million milestone within a few weeks, signalling high upside potential as well as the possibility of rapid adoption following its launch.
The new crypto coin is seeing heavy bidding from smart money investors, many of whom are viewing it as one of the best crypto to buy now.
Solaxy – The First Solana Layer-2 With Rollup Architecture
Solana has branded itself as a fast, reliable and cheap blockchain, in comparison to Ethereum’s slow and expensive architecture.
TradFi investment firms like Franklin Templeton also agree with this assessment, calling it the ideal network for cutting-edge tech like AI, DePIN and even meme coins.
However, recent evidence suggests that Solana has failed in its promise, especially during high-traffic periods. For instance, nearly 75% of SOL’s non-vote transactions failed during the meme coin mania earlier this year.
Even Coinbase agents were warning its users regarding potential delays in SOL transactions, with the waiting period sometimes as long as 45 minutes.
Solana is experiencing degraded performance. Transactions may fail to send or confirm.
— Andy (@ayyyeandy) November 20, 2024
Experts believe that Solana could face similar network congestion next year, especially during the upcoming meme coin supercycle.
In this regard, Solaxy could prove to be a game-changer. It uses rollup architecture — bundling SOL transactions into batches, processing them off-chain and publishing the results back on Layer-1.
This could significantly reduce the burden on the Solana network while promising improved scalability, high throughput and fast and cheap transactions on both chains.
Is SOLX The Best Crypto To Buy Now?
SOLX — the native token of the Solaxy network – is quickly becoming one of the hottest presales on the market.
As previously stated, it has raised close to $8 million in its Initial Coin Offering (ICO).
Apart from its cutting-edge Layer-2 utility, SOLX promises attractive passive returns to early buyers. For instance, presale SOLX buyers are already benefiting from its native staking pool, which is currently offering a reward rate of 470% per annum.
Moreover, its community-centric tokenomics appeals to smart money investors, especially the fact that there is no separate allocation for the developer team or any private sale.
Instead, a significant 25% of the SOLX token supply is reserved for staking rewards, with another 30% allocated towards the Layer-2 tech development.
The remaining tokens will be split for the project’s marketing initiatives, treasury and exchange listings. Check out the full tokenomics in the project’s whitepaper.
Moreover, the SOLX’s team prioritizes security and safety above all else. For instance, the token smart contract has been audited by Coinsult, which did not find any security risks or centralization issues.
Unsurprisingly, the Solaxy coin is attracting significant investments from savvy investors, many of whom are calling it the best crypto to buy now.
Furthermore, experts are also eyeing up to 10x returns from the new crypto coin.
However, time is running out for sidelined investors. The strong demand for the cryptocurrency means the presale stages are quickly selling out, which is pushing up the token price.
Interested buyers can purchase SOLX with just a few clicks, using the over-the-counter widget on the presale website.
To keep up with project developments, follow Solaxy on X or join its Telegram channel.
Visit Solaxy Presale
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
