Solaxy Introduces $SOLX Token to Strengthen Its Ecosystem
In the midst of the global crypto market dynamics at the beginning of 2025, Solaxy, a project based on the Solana blockchain, stands out by introducing a multifunctional token called $SOLX.
This token is designed to enhance the efficiency and scalability of the Solana network, which often faces challenges due to surging user activity.
Scalability Solution Through Roll-Up Technology
Based on the information we quoted from the Coinvestasi media, Solaxy implements roll-up technology as a solution to the scalability issues faced by Solana.
This technology allows transactions to be processed off-chain and then collectively settled on the main network.
This approach not only accelerates transaction processes but also significantly reduces gas fees, thereby improving overall network efficiency.
Strategic Role of the $SOLX Token in the Ecosystem
As the native token in the Solaxy ecosystem, $SOLX serves several key functions that support the network’s operations and growth:
- Transaction Fee Payments: $SOLX is used as gas fees within Solaxy’s Layer-2 network, meaning demand for the token will increase alongside transaction activity.
- Staking for Passive Income: $SOLX holders can take advantage of staking programs offering competitive annual percentage yields (APY). This staking mechanism also helps stabilize the token’s price by reducing its circulating supply.
- Multi-Chain Interoperability: $SOLX is designed to support interoperability between the Solana and Ethereum networks, expanding user access across ecosystems and strengthening inter-blockchain connectivity.
- Governance Participation: Token holders have voting rights in strategic decision-making related to the development and future direction of the Solaxy ecosystem, in line with decentralization principles.
Commitment to Security and Regulatory Compliance
Solaxy emphasizes the importance of security and compliance with applicable regulations.
As of January 9, 2025, Bappebti has issued a new regulation regarding the list of crypto assets that can be legally traded in Indonesia.
Solaxy is committed to complying with these regulations and promoting a healthy and transparent crypto ecosystem in Indonesia.
With the wide array of features and utilities it offers, $SOLX is expected to become a key pillar in supporting the growth and efficiency of the Solaxy ecosystem, while also delivering added value to its holders.
