Solaxy is building the first-ever Layer-2 scaling solution for the Solana blockchain and giving investors a chance to get in on the ground floor with its $SOLX token presale. The presale has already raised millions of dollars, and the $SOLX token price is rising quickly, so investors need to join sooner rather than later to lock in their coins.
In this guide, we’ll cover how to buy Solaxy during the presale in 4 easy steps. We’ll also take a closer look at $SOLX and help investors decide if it’s a good buy today.
Solaxy Main Features
Here are the most important things investors to know about the Solaxy presale:
- Solana Layer-2: Solaxy is building the first-ever Layer-2 scaling solution for the Solana blockchain. The new network promises faster transaction speeds and lower costs while reducing congestion on the Solana mainnet.
- Massive staking rewards: Solaxy is rewarding early investors in the $SOLX presale with staking rates up to 1,478% APY. Staking is expected to continue after the Solaxy Layer-2 launches.
- Meme trading potential: Solaxy could become a new hub for trading top Solana meme coins. The $SOLX token is also a meme coin in itself, featuring a surfing Pepe as its mascot.
- Early presale success: The Solaxy presale has raised more than $2.3 million in its first 4 days since launching. The $SOLX token price has increased by 4.5% in that time.
How to Buy Solaxy ($SOLX): Beginner’s Guide
Let’s dive into how to buy Solaxy during the $SOLX token presale.
Set Up a Crypto Wallet
All investors in the Solaxy presale need to connect a crypto wallet in order to join. You’ll need a wallet that supports both Ethereum-based ERC-20 tokens and Solana-based SPL tokens. While there are many excellent crypto wallets that will work, we recommend Best Wallet.
Best Wallet is free for iOS and Android and offers cutting-edge security features to keep your tokens safe. Even better, Best Wallet has a built-in crypto onramp, making it easy to buy crypto with a credit or debit card. That’s important for the next step in buying $SOLX.
You can download Best Wallet from the Apple App Store or Google Play. After installing it on your device, tap ‘Get Started’ to set up a new account. You’ll need to enter your email, phone number, and a secure passcode.
Purchase ETH or USDT
The Solaxy presale requires you to swap ETH or USDT for $SOLX tokens. So, you’ll need to hold ETH or USDT in your wallet before connecting to the presale.
With Best Wallet, you can make a purchase through the app. Just tap ‘Buy,’ select a payment method, and choose the amount of ETH or USDT to buy. You can pay with a credit or debit card, Google Pay, Apple Pay, Neteller, or Skrill.
If you’re using another wallet, you will need to purchase ETH or USDT through a centralized crypto exchange like Coinbase or Binance. Create an account, deposit funds, and make a purchase. Then, withdraw the tokens to your crypto wallet by using your wallet address as the destination for your transfer.
Connect to the Solaxy Presale
Visit the Solaxy presale site and click ‘Connect Wallet.’ Follow the prompts to select your wallet and authorize the connection.
Buy $SOLX
Enter the amount of ETH or USDT to swap for $SOLX. The presale site will automatically calculate the corresponding amount of $SOLX you’ll receive. When ready, click ‘Buy $SOLX’ to complete your purchase.
You can choose to stake your $SOLX at this time to begin earning rewards. Staked $SOLX can be unstaked at any time.
Why Can’t I See $SOLX in my Wallet?
Tokens you purchase through the Solaxy presale won’t be transferred to your wallet immediately. Instead, you’ll need to return to the Solaxy presale site and reconnect your wallet when the presale ends to claim your tokens.
You can follow the project on X and Telegram to get the latest updates about claiming.
What Is Solaxy?
Solaxy is a new crypto project that’s building a first-of-its-kind Layer-2 scaling solution for the Solana blockchain. While Layer-2 networks are popular on Ethereum, none currently exist for Solana.
That’s a big deal because Solana has been plagued by network congestion, failed transactions, and even outages. These issues have gotten worse as trading activity has grown, particularly thanks to the introduction of Solana meme coins.
Solaxy solves these problems by giving traders a Layer-2 sidechain that’s faster and cheaper than Solana’s mainnet while still benefiting from the same security protocols. Transactions on Solaxy will be paid for using the project’s native $SOLX token, creating a steady stream of demand for the coin.
Solaxy has a total $SOLX token supply of 138,046,000,000 tokens with the following allocations:
- Layer-2 development – 40%
- Community rewards – 25%
- Treasury – 20%
- Marketing – 15%
- Exchange liquidity – 10%
For more details, check out the Solaxy whitepaper.
Why Buy Solaxy?
Solaxy has a number of advantages that help boost the presale and attract even more early investors. We’ll take a closer look at some of the reasons we consider this one of the best cryptos to buy now.
⭐ Huge Potential for Solana Layer-2 Tech
Solaxy’s underlying goal—to build the first Layer-2 network for Solana—is a potential game-changer for the world’s 2nd-largest smart contract blockchain. Ethereum currently has more than $60 billion in total value locked to its Layer-2 networks, while Solana has $0. Solaxy’s new Layer-2 could help reduce congestion problems on the Solana blockchain and enable a surge in trading activity.
Importantly, any growth in Solaxy will directly benefit investors in $SOLX. That’s because $SOLX is required to pay for transactions on the Layer-2. More transactions mean more demand for $SOLX tokens, pushing up their price.
⭐ Massive Staking Rewards for $SOLX Investors
Solaxy is offering eye-popping staking rewards for early investors in its presale. Right now, investors can earn up to 1,478% APY. While that rate is likely to decline as the presale goes on, staking offers an opportunity for investors to fill their bags with $SOLX tokens ahead of the project’s launch.
In addition, $SOLX staking rewards are expected to continue long after Solaxy launches its Layer-2. 25% of the total token supply has been allocated for rewards. So, investors can earn passive income by holding $SOLX. This has the added benefit of disincentivizing selling, keeping the token supply off the market, and helping to boost the token’s price.
⭐ Early-stage Presale Offers Large Unrealized Gains
The Solaxy presale is only 4 days old and it’s already raised the price of the $SOLX token by 4.5%. The price is expected to increase much further as the presale progresses, with price jumps every several days. While there’s no way to know how high the project team plans to raise the price by the end of the presale, early investors could be looking at significant unrealized gains.
It’s also important to note that $SOLX bought at a discount during the presale can be used to fund transactions on the Solaxy Layer-2 after launch. So, early investors are effectively locking in reduced trading fees on the future Solaxy network.
Solaxy Price Prediction – What Is $SOLX’s Upside?
Solaxy is a relatively new presale, so it’s hard to know just how high the $SOLX token can go. But with more than $2.3 million raised in just 4 days, signs are already showing that this could be the next crypto token to explode.
The best way to estimate Solaxy’s potential upside is to consider how top Ethereum Layer-2 projects have performed.
Arbitrum, the most valuable Layer-2, has a market cap of $4 billion. That’s nearly 2,000x higher than the current valuation of Solaxy. Optimism, the next largest Layer-2 by market cap, is valued at $3.1 billion—more than 1,300x more than Solaxy.
Solaxy also has parallels to Pepe Unchained, a just-launched Ethereum Layer-2 specifically focused on meme coin trading. Pepe Unchained sold out its $PEPU token presale after raising more than $74 million, and the token jumped 5x in price in the hours after trading began.
All of this indicates that Solaxy could be big. Plus, early investors can multiply their returns through $SOLX token staking. While there are no guarantees, we predict that investors in the early stages of the Solaxy presale could eventually earn returns approaching 100x.
The Bottom Line
Solaxy is a potentially explosive new project building the first Layer-2 scaling solution for Solana. Its presale has raised millions of dollars already and is offering investors a chance to buy $SOLX at a steeply discounted price.
To join the Solaxy presale, all you need is a crypto wallet and ETH or USDT. Buying $SOLX only takes a few minutes and it has the potential to be a life-changing investment.
FAQs
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References
- Ethereum layer-2 volumes rose by 70%— Will they eclipse Solana? (Cointelegraph)
- Total value locked (L2Beat)
- Top Layer 2 Tokens by Market Capitalization (CoinMarketCap)