Top Cryptocurrency to Consider Now? Solana's Layer-2 Presale Coin 'Solaxy' Approaches $8 Million

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 - Pioneering Solana's Layer-2 with Rollup Architecture 

Solana has positioned itself as a fast, reliable, and cost-effective blockchain, especially when compared to Ethereum’s slower, more expensive framework. 

Traditional finance investment firms, such as Franklin Templeton, also endorse this view, considering it a perfect network for advanced technologies like AI, DePIN, and even meme coins.  

However, recent findings indicate that Solana struggles to meet its promises, particularly during periods of high traffic. For example, during the meme coin craze earlier this year, nearly 75% of SOL’s non-vote transactions were unsuccessful. 

Coinbase representatives even cautioned users about potential delays in SOL transactions, with wait times extending up to 45 minutes. 

Solana is experiencing degraded performance. Transactions may fail to send or confirm.

— Andy (@ayyyeandy) November 20, 2024

Experts forecast that Solana might encounter similar network congestion next year, especially with the anticipated meme coin supercycle. 

In this context, Solaxy could revolutionize the scene. It employs rollup architecture, bundling SOL transactions into groups, processing them off-chain, and then posting the results back on Layer-1.

This approach could considerably alleviate the pressure on the Solana network, while ensuring enhanced scalability, high throughput, and fast, cost-effective transactions on both chains. 

Is SOLX the Top Cryptocurrency to Purchase Now?

SOLX, the native token of the Solaxy network, is rapidly becoming one of the most sought-after presales in the market. 

As mentioned earlier, it has amassed nearly $8 million in its Initial Coin Offering (ICO). 

Aside from its state-of-the-art Layer-2 utility, SOLX offers enticing passive income opportunities to early investors. For example, those who purchased during the presale are already reaping benefits from its native staking pool, which currently provides an annual reward rate of 470%. 

Moreover, its community-focused tokenomics draws attention from savvy investors, particularly because there is no separate allocation for the developer team or any private sale. 

Instead, a substantial 25% of the SOLX token supply is earmarked for staking rewards, with an additional 30% dedicated to Layer-2 technology development. 

The remaining tokens are allocated for the project’s marketing efforts, treasury, and exchange listings. For a full breakdown of the tokenomics, refer to the project’s whitepaper. 

Additionally, the SOLX team places a high priority on security and safety. For example, the token's smart contract has been audited by Coinsult, which found no security vulnerabilities or centralization issues. 

Unsurprisingly, the Solaxy coin is drawing substantial investments from astute investors, many of whom consider it the best cryptocurrency to buy now. 

Moreover, experts are anticipating up to 10x returns from this new cryptocurrency. 

https://youtu.be/KKes-oruIno?feature=shared

However, time is running out for those on the sidelines. The high demand for this cryptocurrency is causing the presale stages to quickly sell out, resulting in a rising token price. 

Interested buyers can easily acquire SOLX using the over-the-counter widget on the presale website. 

To stay updated on 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 Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice