Solaxy: The Emerging Crypto Coin Optimising Solana’s Performance

The Solaxy (SOLX) project is a promising new cryptocurrency aimed at improving the performance of Solana by resolving its high-volume throughput challenges. The SOLX presale has raised over $31.2 million, with investors able to stake tokens for substantial returns. Key features include an innovative bridging tool, advanced transaction speeds, and plans for a developer environment to foster app creation on the blockchain, all suggesting long-term growth and investment potential.

The cryptocurrency market remains vibrant despite bearish sentiments, with fresh opportunities arising as innovative projects commence. One notable project, Solaxy (SOLX), seeks to enhance performance in the top-10 cryptocurrency Solana. It aims to resolve Solana’s throughput issues, particularly during high-volume activities, positioning itself as a significant advancement in the sector.

With the meme coin craze resurgent, the Solaxy presale has successfully garnered over $31.2 million in initial funding. Currently priced at $0.001702 per token, $SOLX serves as an attractive option for novice investors. Participating in the presale requires a few simple steps: visit the Solaxy website, link a wallet, select a payment cryptocurrency, and specify the amount. This platform supports both Solana and Ethereum users.

The staking feature further enhances the appeal for $SOLX investors, with potential rewards reaching up to 129% APY; more than 8.9 billion tokens have already been staked. Notably, Solaxy has set aside 25% of its total supply for staking incentives, permitting participation even during the presale.

To ensure long-term sustainability, Solaxy has a strategic token distribution framework. Developers will receive 30% of the total supply to facilitate ongoing innovation, while 10% will be allocated to listings on Decentralised and Centralised Exchanges post-presale, guaranteeing liquidity. For enhanced visibility, 15% of tokens are reserved for marketing efforts, and 20% will bolster the project’s treasury.

Upon the conclusion of the presale, $SOLX tokens will be transferable to Layer 2 networks, coinciding with their listings on major DEXs and CEXs, thus driving adoption and trading opportunities.

On April 19, Solaxy launched its test network, successfully processing 1 million transactions and starting with a speed of 16 transactions per second (TPS). Developers aim to ramp this capability up to 10,000 TPS, compared to Solana’s current 6,500 TPS. By integrating roll-up technology, Solaxy is committed to enhancing bandwidth and performance, countering congestion during peak user activity.

Preparations are underway for a native bridge that will facilitate token transfers between Solana and Solaxy from a single wallet, streamlining cross-chain interactions. Solana remains the most active blockchain with over 80 million users, and the Solaxy bridge aims to attract a significant portion of this base with rapid, cost-effective, and reliable transactions.

Further enhancing its ecosystem, Solaxy plans to unveil an integrated developer environment (IDE) that will empower developers to build on its network. This advanced transactional capacity allows for applications exceeding Solana’s current capabilities, such as real-time AI trading or micropayment solutions. Investment interest in $SOLX continues to grow, with the potential for substantial gains once it enters exchanges.