Solaxy, an upcoming layer 2 solution built on Solana, has secured around 19 million dollars in the presale of its $SOLX tokens. The current phase’s price per token is $0.00163, which will increase in the phase. Apart from buying SOLX, participants can stake the token to earn passive bonus rewards.
This article will guide you through SOLX’s presale participation process. Also, it will examine the legitimacy of the Solaxy project and inform you about the key dates like TGE and listing. Without further ado, let’s get started.
What Is Solaxy?
Solaxy is a memecoin plus a Solana-based layer 2 scaling solution that also works with the Ethereum chain. It helps users to do low-cost transactions with advanced security and scalability. Also, the platform allows users to build fun-filled communities surrounding it. The native token of the network is $SOLX.
The SOLX Token Details
SOLX will be used as a governance token and decision-making tool inside the Solaxy ecosystem. As a token not yet generated in the blockchain, the contract address is not available. The total supply is 138,046,000,000, and here is the token allocation data:
- 30% – This portion will be used for the ecosystem’s development.
- 25% – This is the reward allocation. Users can earn SOLX for their participation in the network.
- 20% – This percentage is for the project’s treasury.
- 15% – The marketing allocation.
- 10% – This percentage will be distributed to various centralized exchanges as a part of the listing process.
How To Participate In The Solaxy (SOLX) Presale?
You can purchase SOLX with a card or crypto. The supported chains are Ethereum (ERC-20) and Binance Smart Chain (BEP-20). If you plan to buy through USDT, make sure to choose the correct chain while connecting. Here are the detailed steps:
- Access the official website of Solaxy and choose from “Buy With Card” or “Buy With Crypto”.
- If you plan to purchase with crypto, select the desired crypto wallet option and confirm your address. You can choose from Best Wallet, Walletconnect, Metamask, or Coinbase Wallet.
- If you don’t own a wallet, tap the “I don’t have a wallet” option to create one.
- Choose your crypto from ETH, USDT, and BNB. Then tap “Buy SOLX”. Approve the wallet requests from the extension to complete the process.
- To stake your SOLX, tap the “Buy and Stake” option while purchasing. Stakers will receive around 212% rewards.
Is Solaxy A Promising Project?
Solaxy seems like a promising project. The roadmap is commendable and the community is strong. The upcoming upgrades of Solaxy have the power to increase its price in the long term. The devs are currently working on several processes such as the implementation of the sequencer and full rollup stack. Although it seems like a promising project, please make sure to do your own research before delving into conclusions.
Solaxy (SOLX) TGE & Listing Dates
The initial phase of the presale went live on December 13th, 2024. We can expect the TGE (token generation event) to happen around February last week. After the launch, the presale buyers can bridge their SOLX tokens to the Solaxy L2 chain. After listing, you can trade it on both centralized and decentralized exchanges. The exact dates of TGE and listing will be updated soon on Solaxy’s X handle.
Solaxy (SOLX) Presale: Legit Or Scam?
Although Solaxy seems like a legit project, in the bottom right corner of Solaxy’s website, it is written like this: “Always do your own research. Nothing here is financial advice. This is a meme coin.” Also, the project lacks a genuine whitepaper, and some of the claims of the project feel exaggerated. So, be cautious while dealing with the platform. Try to purchase with the funds you can afford to lose.
Conclusion
A large number of crypto presale projects are scams. So, try to do extensive research to verify the project’s genuineness before delving into participation decisions. Even legit projects can witness heavy selling pressure at the time of listing. So, plan your SOLX swapping decisions accordingly. Always be aware of the market scenario and cautious about its volatility. DYOR!
