Solana Layer-2 Project Solaxy is approaching a $3 million milestone in the first week of the token presale

As Solana faces growing congestion challenges, a brand new Layer-2 scaling answer is beginning to entice investor consideration.

Solaxy (SOLX)aiming to turn into Solana’s first Layer-2 protocol, has raised almost $3 million throughout its ongoing token presale.

SOLX Token Presale – Pricing Phases and Wagering Rewards

Since going stay, the Solaxy presale has gone via a number of value phases. SOLX tokens are presently priced at $0.00157 every, though every new funding milestone brings a slight value enhance.

For these seeking to take part, the presale will settle for ETH and USDT funds, with credit score/debit card choices for these new to crypto. Moreover, pre-sale patrons can do the identical stake their SOLX tokens for potential rewards. The challenge can pay out strike awards over a interval of three years.

Blockchain safety firm Muntsult additionally checked the SOLX good contract. Their audit discovered no points or vulnerabilities with the token’s code.

Though Solaxy has but to announce the ultimate pre-sale value and launch date, buyers can observe its improvement X (previously Twitter) And Telegram channels. The workforce repeatedly publishes updates on challenge progress and pre-sale milestones.

How Solaxy solves community congestion by way of Layer-2 expertise

Solaxy goals to handle one in every of Solana’s greatest ache factors: community congestion. The protocol works by shifting transactions off Solana’s major chain and processing them on a devoted Layer-2 community, decreasing the load on Solana’s infrastructure.

This method makes use of an aggregation structure that bundles a number of transactions earlier than settling them again on Solana’s major community. The purpose is to allow increased transaction throughput.

Solaxy additionally emphasizes interoperability. It’s designed to bridge the hole between Solana and Ethereum, permitting customers to maneuver property between the 2 blockchains. The Solaxy workforce hopes this may open up potentialities for cross-chain functions and DeFi integrations.

The challenge has already attracted the eye of a number of crypto commentators. The workforce of, for instance 99 Bitcoins lately launched a video discussing Solaxy, outlining its method to fixing Solana’s scalability points.

About Solaxy (SOLX)

Solaxy is creating a Layer-2 scaling protocol for the Solana blockchain to scale back congestion and stop failed transactions. The native token, SOLX, will allow transactions on the community.

Customers can go to the Solaxy presale here.

Contact

Solaxy

data@solaxy.io

Disclaimer: This can be a paid put up and shouldn’t be handled as information/recommendation.