Solaxy (SOLX) is the inaugural Layer-2 (L2) scaling solution for the Solana blockchain, aiming to enhance transaction speed, reduce costs, and improve scalability. By implementing roll-up technology, Solaxy processes transactions off-chain before settling them on the main Solana chain, thereby alleviating network congestion during peak usage times.
Key Features:
Layer-2 Architecture: Utilizes roll-up technology to increase throughput and efficiency on the Solana network.
Cross-Chain Compatibility: Designed to be compatible with both Solana and Ethereum ecosystems, facilitating broader interoperability.
Tokenomics:
Total Supply: 138,046,000,000 SOLX
Allocation:
Development: 30%
Rewards: 25%
Treasury: 20%
Marketing: 15%
Exchange Liquidity: 10%
Staking Rewards: Offers staking opportunities with competitive Annual Percentage Yields (APYs) to incentivize network participation.
Presale Performance: As of recent reports, Solaxy has raised over $26.7 million during its presale phase, indicating strong investor interest.
Launch Timeline:
Presale Start: December 2024
Mainnet Launch: Scheduled for March 2025
Solaxy's innovative approach to scaling and its strategic positioning within the Solana ecosystem make it a noteworthy project to watch in the evolving cryptocurrency landscape.
