How to Buy Solaxy (SOLX) – Beginner’s Guide
Solaxy is building the first-ever Layer-2 scaling solution for Solana and attracting enormous attention from investors during its $SOLX token presale. The project has raised an impressive amount quickly (over $2 million in under 7 days)—and investors still have an opportunity to buy $SOLX at a steeply discounted price.
In this guide, we’ll walk through how to buy Solaxy and explain everything you need to know about this new Solana Layer-2 token.
What to Know About Solaxy ($SOLX)
Before we walk through how to buy Solaxy, it’s important to know what this new project is all about. Here are the key details investors need to know:
- Solana Layer-2: Solaxy is building the world’s first Solana Layer-2 scaling solution. It’s designed to be faster and cheaper than Solana while taking the strain off the mainnet. This offers a potential solution to Solana’s congestion problems.
- Staking rewards: Solaxy is offering up to 1,536% APY for $SOLX token staking during the presale. Staking rewards are expected to continue after the Solaxy network launches, giving investors a way to earn passive income.
- Meme potential: Solaxy has positioned itself as a meme coin, with a surfing Pepe as its mascot. The Solaxy network could also become a hub for trading the best Solana meme coins.
- Presale raise: The Solaxy presale has raised more than $2 million in its first 7 days. That’s an impressively fast raise. The $SOLX token is currently priced at $0.001568, and the price is expected to rise significantly by the end of the presale.
How to Buy Solaxy ($SOLX): Step-by-Step Walkthrough
Let’s walk through the steps for how to buy Solaxy during the presale.
Step 1: Set Up a Crypto Wallet
You’ll need a crypto wallet that’s compatible with both Ethereum’s ERC-20 token standard and Solana’s SPL token standard. We recommend using Best Wallet, which is free, highly secure and supports more than 60 blockchains. It also has a built-in fiat-to-crypto onramp, which makes the next step in buying Solaxy much easier.
Download Best Wallet from Google Play or the Apple App Store and install it on your device. Open the app and tap ‘Get Started’ to create an account. Enter your email and phone number and verify both. Then, enter a passcode. We also recommend turning on biometric authentication to make it easier to access your wallet.
Step 2: Buy ETH or USDT
The Solaxy presale requires you to swap $ETH or $USDT for $SOLX tokens. So, you’ll need to have $ETH or $USDT in your crypto wallet.
With Best Wallet’s crypto onramp, you can buy $ETH or $USDT directly in the app using a credit card, debit card, Google Pay, Apple Pay, Neteller, or Skrill. Just tap the ‘Buy’ button on the wallet’s home page and select a payment method to complete your purchase.
If you’re using a different crypto wallet, you’ll need to set up an account with a centralized crypto exchange like Coinbase or Binance in order to buy $ETH or $USDT. Open an exchange account, then make a deposit and purchase the tokens. Finally, withdraw the tokens to your crypto wallet by entering your wallet address as the destination for your withdrawal.
Step 3: Connect to the Solaxy Presale
Now head to the official Solaxy presale site and click ‘Connect Wallet.’ Choose your wallet from the pop-up menu and follow the prompts to authorize the connection.
Step 4: Buy $SOLX
Enter the amount of $ETH or $USDT you want to swap for $SOLX. The presale site will automatically calculate how many tokens you’ll receive after gas fees. When ready, click ‘Buy $SOLX’ to complete your purchase.
At this point, you can choose to stake your purchased $SOLX tokens. During the presale, Solaxy is offering up to 1,536% APY. Your tokens will be available to unstake and claim at the end of the presale. Be sure to follow Solaxy on X and Telegram to get updates.
What Is Solaxy?
Solaxy is a new crypto project taking aim at the Solana blockchain’s congestion issues. Solana has long suffered from overwhelming traffic, which has caused slow speeds, failed transactions, and even network downtime.
Solaxy is solving this problem by introducing the first-ever Solana Layer-2 scaling solution: a sidechain that will leverage the Solana mainnet’s security while taking the bulk of the computational work required to process transactions off the main blockchain. Transactions on Solaxy promise to be significantly faster and cheaper than transactions on Solana, while also alleviating the traffic overload on Solana.
Solaxy is working from a proven concept. Layer-2 scaling solutions have proven extremely effective on the Ethereum blockchain. There are now dozens of Layer-2 networks with a combined $61 billion in total value locked. The token for the most valuable Layer-2 on Ethereum, Arbitrum, has a market cap of around $4 billion.
The $SOLX token will be required to pay for transactions on the Solaxy Layer-2. This makes it valuable for anyone who wants to use the network. In addition, the $SOLX token can be staked to generate rewards for investors.
Solaxy has a total supply of 138.046 billion $SOLX tokens, divided into 5 allocations:
- 30% for the Layer-2 ecosystem development
- 25% for community rewards, including staking rewards
- 20% for the Solaxy treasury
- 15% for marketing
- 10% for exchange listings
During the presale, investors can buy $SOLX at a discounted price of just $0.00156—although the price is expected to increase as the presale goes on. To get all the latest updates on the presale, follow Solaxy on X and Telegram.
Is Solaxy a Good Buy?
Solaxy has the potential to be one of the best crypto presales to buy as we head into the crypto bull run and meme coin supercycle. Here’s why.
Massive Demand for Layer-2 Networks
It’s hard to overstate the potential value of the first Layer-2 for Solana. The blockchain has long struggled with scalability issues that have held it back from overtaking Ethereum, its main competitor for smart contract computing. Those issues could become even more prevalent during the meme coin supercycle, when trading on Solana is expected to surge.
Solaxy’s solution uses proven technology and builds on a niche for which there’s clear demand. In fact, according to one estimate, Ethereum Layer-2 networks are expected to be worth more than $1 trillion by 2030. While Solana Layer-2s (Solaxy is likely to be followed by others) may take time to catch up, this forecast shows the potential value at stake.
Explosion in Solana Meme Coin Trading
Solana meme coins kicked off a meme coin season in the winter of 2023-2024, but most of these tokens have never been through a full-blown crypto bull run yet. That’s about to change.
Trading volume on Solana recently hit a record $311 billion, and that’s likely just the beginning of a tsunami of trading activity. Analysts have predicted that trading around Solana meme coins could explode during the coming meme coin supercycle.
This is likely to be hugely beneficial for Solaxy, which could pick up the bulk of Solana meme coin trading activity thanks to its faster speeds and lower transaction costs relative to the Solana mainnet. All trading activity on Solaxy will require $SOLX, sending demand for this new token skyrocketing as the Layer-2 captures a greater share of Solana’s growth.
Huge Stockpile for Community Rewards
Another exciting aspect of Solaxy is that it’s set aside 25% of its total token supply—roughly 34.5 billion $SOLX—for community rewards. That includes staking rewards, which are set at an eye-popping 1,536% during the Solaxy presale. There’s a massive opportunity for early investors to fill their bags with $SOLX and continue earning passive income long after the blockchain launches.
These rewards are also important because they incentivize investors to continue holding their $SOLX through the token’s exchange launch. So, we could see the Solaxy price steadily climb after hitting exchanges rather than drop from presale investors taking profits.
Steeply Discounted Price for $SOLX
The Solaxy presale is offering $SOLX tokens at a steep price discount compared to the expected list price. That’s not just a chance for investors to earn unrealized gains—it’s also an opportunity to lock in $SOLX cheaply, saving money on trading fees on the Solaxy Layer-2.
This is a major benefit for meme coin traders who are looking forward to trading on Solaxy. Their involvement is likely to drive high demand for the $SOLX token throughout the presale, fueling rapid fundraising that helps the project launch on major exchanges.
Solaxy Price Potential – What to Consider
Solaxy is still early in its presale, so it’s hard to know exactly how high the token’s price will rise by the end of the ICO—and what it could achieve after launch. However, we can make a SOLX price prediction by looking at Arbitrum, the leading Ethereum Layer-2.
Arbitrum’s $ARB token currently has a market cap of around $4 billion and we’ve named it one of the cryptos with the most potential. By comparison, the $SOLX presale has raised just over $2 million so far. In a best-case scenario, investors in the presale today could be looking at a potential return of up to 2,000x.
Of course, it’s important to keep in mind that while Layer-2s have been hugely successful on Ethereum, they’ve never been tried on Solana. Solaxy is the test case, and it will likely be a barometer for Solana’s future as a leading Web3 blockchain.
Overall, we’re very bullish on Solaxy, especially considering it plans to launch in the middle of the crypto bull run and meme coin supercycle. We think this could be the next crypto to explode—and investors have a chance now to buy $SOLX at a steep discount.
Conclusion
Solaxy is building the first-ever Layer-2 scaling solution for Solana and giving investors a chance to get in on the ground floor through the $SOLX token presale. The presale is open to anyone—all you need is a crypto wallet with some ETH or USDT.
We predict this project could be one of the best tokens for the crypto bull run and significantly enhance Solana’s potential. Investors won’t want to miss this opportunity to buy Solaxy before it takes off.
FAQs
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References
- Total Value Locked (L2Beat)
- Ethereum’s Layer 2 Solutions Could Outrun the Main Blockchain by 2030 (HackRead)
- Why Solana’s 130% surge and memecoin prowess is closing the gap with Ethereum (DLNews)
Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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