How to Buy Solaxy ($SOLX) – Easy Guide

What Is Solaxy Token?

Solaxy is the first Layer-2 scaling solution for Solana. It’s similar to Arbitrum, Base, Pepe Unchained, and other Layer-2 networks created for Ethereum.

Solaxy will use Solana’s blockchain for security while enabling users to conduct transactions on its own side chain. The benefit is that transactions on Solaxy can proceed more smoothly, with no congestion and lower transaction fees, reducing the strain on Solana while increasing speed and scalability.

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Solaxy Tokenomics

Here’s a quick breakdown of Solaxy’s tokenomics:

• 30% for development: Tokens can be sold to fund the development of the Solaxy Layer-2 and its ecosystem.
• 25% for rewards: Tokens reserved for staking rewards and future rewards, such as airdrops and referral bonuses.
• 20% for the treasury: Reserve tokens to be held by the project for future initiatives
• 15% for marketing: Tokens can be sold to fund marketing efforts
• 10% for listings: Tokens to be given to exchanges in exchange for listing $SOLX for trading.

Transactions on the Solaxy network will require the project’s native $SOLX token to pay for gas fees.

Solaxy Key Features

Solaxy isn’t just another meme coin; it’s trying to fix real problems on Solana with a fresh approach. Here are some of the main features that make it worth watching:

• Built to scale Solana: Solaxy is designed to handle the traffic jams that Solana has struggled with. By moving activity onto its own Layer-2, it helps keep things fast and smooth without overloading the main network.
• Sidechain for faster transactions: Instead of clogging up Solana’s mainnet, Solaxy runs transactions on a separate chain that still uses Solana for security. This setup means lower fees and fewer failed transactions.
• Earn rewards while it’s still early: You can Solaxy right after purchase and earn up to N/A APY.
• Room for Ethereum devs (eventually): The team is working on making Solaxy EVM-compatible, so developers who build on Ethereum might be able to bring their apps over without much hassle.
• Security is a priority: The smart contract has already undergone an audit by Coinsult, and the team has been upfront about how to avoid scams. That’s a good sign for anyone thinking about investing early.

How to Ensure Safety and Avoid Scams When Buying $SOLX

While Solaxy is an honest project, there are a lot of scams in the world of crypto, including phishing or spoofed websites that may affect your holdings if you are not careful. Here are some tips to make sure you stay safe when investing in $SOLX.

Secure Your Crypto Wallet

• Only use highly secure crypto wallets that have been analyzed by experts for vulnerabilities. You can use Best Wallet, MetaMask, or Trust Wallet.
• Enable 2-factor authentication for your wallet. This makes it more difficult for a hacker to steal your crypto if they get access to your passcode.
• If your wallet has a seed phrase, write it down on paper and store it somewhere safe. Never store your wallet’s seed phrase in cloud storage or in your email.

Beware of Scams

• Use a trusted link like ours to navigate to the official Solaxy website. Never rely on Google Search, and always double-check the URL you are at before connecting your wallet.
• No legitimate crypto will ever ask for your wallet’s passcode or seed phrase. Never share this information.
• Crypto projects will only communicate through their official channels. They will not contact individual investors directly. Do not respond to unsolicited communications.

Do Your Research

• Like any other early crypto, Solaxy runs on high-risk, high-reward investments. Carefully research projects to ensure they’re a good fit for your investing approach. Never invest money you cannot afford to lose.
• Consider diversifying your portfolio by investing in several or all of the top crypto presales. When you diversify, it’s more likely that at least one of your investments will pay off and earn a net profit for you, even if some other purchases result in losses.

Reasons to Invest in Solaxy Token

The Solaxy presale raised over $58 million, showing just how excited investors are about getting in early on this Solana Layer-2 project. Let’s take a closer look at some of the key reasons for considering buying $SOLX while it is still early in its life:

• Early Access to Solana Layer-2: $SOLX holders are likely to receive exclusive early access to Solaxy’s Solana Layer-2 network. During this time, they will have the opportunity to transact with ultra-low gas fees and test out the network before it opens to the public. The testnet is now live for users to interact with.
• Reduced Price for $SOLX: $SOLX will be required to transact on Solaxy’s Layer-2 network. So, investors can effectively lock in reduced gas fees by buying $SOLX at a discount.
• Great Staking Rewards: Solaxy is offering up to N/A APY to investors who stake $SOLX. Staking rewards continue after the launch, giving investors a way to earn passive income from this project.

Main Factors That Will Influence the $SOLX Price Potential

There are several important factors that we expect to influence Solaxy and the future price of the $SOLX token.

• Presale Momentum: How quickly Solaxy was able to raise funds during its presale will have a significant impact on the token’s launch, including what exchanges it lists on. Raising $58 million was an incredible amount, and will likely factor into any exchange’s decision-making process.
• Meme Coin Supercycle: Solana’s rapid growth has been driven in large part by Solana meme coins. All signs indicate that meme coin development on Solana will continue to accelerate, especially as the meme coin supercycle gets underway. This is expected to increase demand for Solaxy’s Layer-2 scaling solution.
• Staking Rewards: Solaxy is enticing investors with massive staking rewards. While the rewards rate is likely to decline, we do not know by how much or how quickly. Sustained staking rewards could help draw more investors in and encourage investors to hold onto their tokens.
• US Crypto Regulations: Crypto regulations are expected to ease in the US, which could pave the way for a Solana ETF and greater recognition of Solana-based utility tokens like $SOLX. Ultimately, this could enable $SOLX to list on major US exchanges like Coinbase and increase demand for Solaxy’s Layer-2.
• Potential Exchange Listings: While Solaxy has not yet confirmed exchange listings aside from Uniswap, discussions are ongoing. If $SOLX secures listings on major platforms, it could see a significant price boost post-launch.

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