Solaxy continues to capture growing attention within the crypto community after recently securing $49 million in fundraising, fueling anticipation ahead of its upcoming token generation event.
With the token launch fast approaching, speculation is mounting over whether Solaxy could emerge as the next significant player in the market with potential returns ranging from 2x to even 100x, according to optimistic projections circulating in the space.
Adding further excitement, a Solaxy competition has gone live on Cantina XYZ, offering participants a chance to explore the project’s architecture while competing for a $30,000 USDC prize pool, open until June 30.
The competition not only promotes user engagement but also highlights Salaxi’s commitment to fostering its growing community. One of the most significant recent developments for Solaxy was the massive token burn, which eliminated 35 billion $SOLX tokens valued at over $62 million.
This aggressive reduction in supply aims to increase scarcity, potentially enhancing long-term value for existing holders. Following the burn, the current token price stands at $0.001756, with just under three days remaining in the presale period before the token becomes fully available on the market.
Source – Jacob Crypto Bury on YouTube
Massive Buzz Builds Around Solaxy as Crypto Presale Approaches Market Launch
Positioned as the first Layer 2 solution on Solana, Solaxy is designed to address some of the network’s most pressing challenges, including congestion, failed transactions, and scalability issues.
Its Layer 2 architecture offers enhanced customization, efficiency, and overall performance, which amplifies the strengths of Solana’s core infrastructure. The project is rich in utility and boasts strong fundamentals, with multiple components of its ecosystem already live or in development.
The Solaxy testnet and block explorer are currently operational, while the bridge feature has also gone live, allowing for seamless asset transfers.
Upcoming launches include Neptoon, a decentralized exchange, and the Ignite Protocol, which will enable users to build and launch their own crypto projects directly on the Solaxy chain.
These features underscore the project’s ambition to not only improve Solana’s ecosystem but to also establish a comprehensive crypto platform of its own. In addition to its technical advancements, Salaxi enjoys solid community support, with over 75,000 followers actively engaging with its updates.
The project’s presale is designed to be user-friendly, allowing participants to purchase tokens easily using platforms like MetaMask, Coinbase Wallet, or Best Wallet, with options to convert Ethereum or Tether into $SOLX tokens directly.
Early participants can stake their assets at an annual percentage yield (APY) of 83%, with more than 13 billion $SOLX tokens already locked in staking.
As momentum builds, many observers are closely watching Solaxy’s market debut, which could position the token as a strong contender in the expanding crypto market. To take part in the $SOLX token presale, visit solaxy.io.
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