Highlights:
- Solaxy token ($SOLX) raises $9.5 million in its ICO and experiences $250,000 to $300,000 in daily presale activity.
- The token is a Layer-2 project on Solana, with significant demand despite a slowdown in broader crypto activity.
- Solaxy’s security audit confirms the project’s integrity, and it allocates portions of the token supply for liquidity and marketing.
Solaxy (SOLX), a Layer-2 project built on the Solana blockchain, has raised $9.5 million in its ICO. Despite a broader slowdown in crypto activity due to a U.S. national holiday, the project has seen strong presale performance, with daily transactions reaching between $250,000 and $300,000. This uptick in activity stands out amidst a period of reduced market movement across other projects.
Presale Details and Token Demand
The $SOLX token has generated high demand in its presale stages. The current price of $0.001596 per token has attracted a significant number of participants. Each presale stage has sold out at a faster rate than the last, with transactions available through ETH, USDT, BNB, or bank cards. As the presale progresses, there may be further adjustments in pricing or phases, though specific details on future stages remain unannounced.
Security and Liquidity Provisions
Solaxy has passed a security audit conducted by Coinsult, ensuring that no additional tokens will be minted beyond the predefined supply. This security measure is designed to maintain the integrity of the project. In addition, Solaxy has allocated 10% of its total token supply for exchange liquidity, ensuring there will be a stable market for the token. Another 15% of the tokens are set aside for marketing purposes, aimed at driving awareness and expanding reach in the post-presale phase.
Trading Expectations and Future Plans
Although the team behind Solaxy has not confirmed which exchanges will initially list the $SOLX token, it is anticipated that the token will be available for trading shortly after the token generation event (TGE) concludes the presale phase. With its high demand and careful planning regarding liquidity and marketing, the project is positioned for an expected continuation of interest once it enters the public trading phase.