Became a Millionaire with 712 Dollars! Can Solana's New Meme Coin Do the Same Explosion? - Coin Bulletin

A crypto investor managed to turn his $712 into $3.95 million in less than a day thanks to a new Solana-based meme coin called Unicorn Fart Dust (UFD).

The pre-sale, which aims to provide a solution to the problems in the Solana network following the mentioned event and offers the opportunity to purchase Solaxy tokens, gained momentum.

The conversion of 712 dollars into a million dollars, the increase in the price of the new token in the last 24 hours, and the return of 5,546 times to the investor occurred. The creator of UFD is known for supporting gold and silver investments.

The developer, who started the project as a joke to show that meme coins are worthless and to mock the crypto market, says in a video he uploaded that the meme coin and the broader crypto market are 'out of control.' Referring to an article explaining how another meme coin called Fartcoin reached a market value of 500 million dollars, the developer explains that UFD was launched to prove how crazy the crypto market is.

The developer's motivation does not change the fact that a crypto enthusiast who invested 712 dollars made millions of dollars. Investors seeking a similar coin are flocking to the Solaxy token, which will rescue the Solana network from its problems.

Could Solaxy Token Be the New Favorite of the Solana Network?

Funds raised from investors who want to buy Solaxy tokens, the first Layer-2 solution on the Solana network, exceed 3 million dollars. The ongoing presale is catching the attention of investors after the Solana-based UFD token has generated millions of dollars.

Solana network is known as the Ethereum killer and is particularly favored by meme coin developers as a low-cost alternative to high transaction fees on Ethereum. Although Solana is recognized as a safe haven for meme coins in 2024 and continues to evolve, it still faces some problems. Network congestion and scalability issues due to high demand are preventing Solana from moving forward.

Solaxy token aims to solve long-standing issues of Solana blockchain such as network congestion, failed transactions, and scalability problems. As the world's first Solana layer-2 solution, the project is organizing a discounted presale for those who want to purchase Solaxy token, a native token empowering the platform. Rumors are circulating that if it can successfully address the network issues, Solaxy token will become the new favorite meme coin on the network.

Instead of adding another application on Solana, Solaxy is building an entirely new application layer for Solana. This is because it aims not only to overcome the issues on the network, but also to bring together the Ethereum and Solana networks, providing a multi-chain solution. In this way, it benefits from both the security and liquidity of Ethereum and the low costs and high speed of the Solana network. The project, which takes the strengths of both blockchains, seems to be gaining more attention in the coming days.

Everything You Need to Know About Solaxy Token

There are 138 billion 46 million SOLX tokens developed on the Ethereum network and compliant with the ERC-20 protocol. 25% of this supply is allocated to staking rewards to incentivize the community and early participants. 30% is allocated to technical infrastructure, 15% to marketing, 20% to project reserves, and 10% to exchange listings.

Staking, which allocates 25% of the token supply, offers the opportunity to earn passive income. Participants can lock their SOLX tokens in the staking pool starting from the pre-sale. Staking encourages token holding, reduces the tendency to sell tokens, and supports the community.

The project's APY is currently sitting at 1177%, but of course, as the number of staked tokens increases, this rate decreases. So far, the number of staked tokens has approached 1 billion, while the reward per ETH block is 4377.4 SOLX tokens. The distribution of staking rewards is aimed to be spread over three years in a way that maximizes community incentives.

Solaxy tokens, which will bring the Solana network to a new Layer-2 technology, are meeting early-stage investors with a 70-stage presale event. A certain amount of tokens is allocated for each stage, and when these tokens are exhausted, they move on to the next stage. As stages are passed, the token price is increased, allowing early-stage investors to potentially profit before exchange listings occur.

How to Buy Solaxy Token?

In the current phase of the presale event, the price of SOLX token is set at $0.001572. In the final phase, the token price increases to $0.00169. According to the countdown tool activated on the project page, there is approximately 1 day remaining until the price increase.

Those who want to participate in the presale can make transactions by connecting their crypto wallet through the project page. It is possible to purchase SOLX tokens using BNB, ETH, or SOL. Those who want to invest before prices increase can take advantage by participating in the SOLX presale event, which combines Solana's strong features such as low cost and high speed with the reliability and liquidity of the Ethereum blockchain.

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