Solaxy (SOLX) ICO Ready to Reach $10 Million: Solana Layer 2 Project a Target?

Bittime - Solaxy (SOLX), the first Layer 2 solution for the Solana network, has attracted the attention of investors with a remarkable achievement in sales ICO. This project managed to raise more than $9 million (around IDR 145.5 billion). 

Solaxy's ICO also has the potential to reach the $10 million mark (around Rp. 161 billion) in the near future. The project offers a viable solution to the problems Solana is facing, and is attracting the interest of many investors looking for opportunities amidst difficult market conditions.

Solaxy: The First Layer 2 Solution for Solana

Solaxy ($SOLX) is not just another project. This is a technological breakthrough specifically designed to improve Solana network performance. 

By building a new blockchain on top of Solana, the development team managed to create a much-needed solution to increase transaction capacity and speed.

Solaxy allows traffic redirection from the Solana mainnet, increasing transaction processing times to almost instant. This is the answer to the scalability problems that Solana often faces, especially when there is a surge in activity in the market. 

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Apart from that, this project also overcomes the problem of failed transactions when the network is congested, thanks to its zero-down feature.

With all these improvements, transaction costs have also decreased significantly, making Solaxy an attractive option for day traders. The security of this project is also guaranteed, after successfully passing an audit from Coinsult, a company known for its detailed blockchain analysis.

ICO Solaxy Reached $9 Million

Investor interest in Solaxy is increasing, reflected in the fundraising figure which has reached more than $9.3 million (around Rp. 149.7 billion) to date. 

Token asli SOLX is currently selling for $0.001594 (around Rp. 25), and along with the gradual approach to sales, this price will increase every few days.

Investors can purchase these tokens using ETH, USDT, BNB, or even bank cards, making them more accessible to everyone. 

Apart from that, staking also provides profitable opportunities for token holders, with annual returns (APY) reaching 374%. Currently, more than 3 billion tokens are being staked, showing high enthusiasm from the community.

Solaxy also features multi-chain interoperability, combining the benefits of Solana and Ethereum in one platform. This feature has the potential to drive the price of $SOLX significantly once it launches on exchanges.

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Support from Famous Figures for Solaxy

Solaxy is not only attracting the attention of investors. However, this project also received support from well-known figures in the cryptocurrency world. 

With more than 50,000 followers on X (formerly known as Twitter) and nearly 3,000 on Telegram, the project actively provides updates and valuable information to its community.

Several influential voices in the crypto space, such as renowned YouTuber ClayBro, have expressed their enthusiasm for 

SOLX, highlights the unique advantages that Solaxy brings to the Solana ecosystem. Additionally, leading crypto publications such as Cryptonews have also covered it SOLX widely praised its innovative approach in addressing blockchain bottlenecks and improving transaction efficiency.

FAQs about Solaxy (SOLX)

1. What is Solaxy (SOLX)?

Solaxy is a cryptocurrency project that is the first Layer 2 solution for the Solana network. 

2. How does Solaxy work?

Solaxy works by building a new blockchain on top of the existing Solana network. By shifting the traffic load away from the Solana mainnet, Solaxy is able to increase transaction processing times to almost instantaneous. 

3. How is Solaxy's security guaranteed?

The Solaxy project has undergone an audit by Coinsult, a well-known company in the field of blockchain analysis. These audits help ensure that the platform is safe to use, giving investors extra confidence.

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Reference 

Brave Newcoin, Solaxy Approaching $10M ICO Milestone – Interest In World’s First Solana Layer 2 Meme Growing, accessed January 10, 2025.

Bitcoin.com News, Solana Price Dips 5% but New Layer-2 Project Solaxy Nears $10M in ICO - New SOL Alternative?, accessed January 10, 2025.

Author: Y