Solaxy Presale: $58 Million Raised with $224 Million Initial Valuation
Solaxy has emerged as a standout performer in its presale phase, raising an impressive $58.13 million according to ICO Drops data. This achievement is particularly notable given the current market climate, where many projects are reevaluating their fundraising strategies amid conservative trends.
The presale attracted diverse participation from:
- Angel investors
- Institutional funds
- Retail community members
With an initial valuation of $224 million, Solaxy has established:
- A flexible foundation for future growth stages
- Strong market validation for its product roadmap
- Strategic capital reserves for upcoming deployments
👉 Discover how top-tier projects manage tokenomics
Dual-Token Burn: 5.5B Tokens Destroyed (40% of Total Supply)
Solaxy implemented a two-phase burn mechanism during presale, destroying 5.5 billion tokens (40% of total supply) to address circulating supply concerns. This proactive measure demonstrates exceptional foresight in tokenomics design.
Burn Phase 1
- Targeted team allocations and investor vesting schedules
- Verified via on-chain irreversible burn address
Burn Phase 2
- Further reduced initial circulating supply
- Minimized short-term sell pressure
Key benefits of the 40% reduction:
✅ Enhanced long-term holder confidence
✅ Mitigated sell-side pressure
✅ Created deflationary support
Frequently Asked Questions
Q: How does Solaxy's valuation compare to similar projects?
A: At $224M, it ranks among top-tier Web3 projects, reflecting strong market confidence in its technical architecture and team credentials.
Q: What's the impact of burning 40% supply?
A: This creates artificial scarcity, potentially supporting price stability as remaining tokens enter circulation through controlled vesting periods.
Q: Where can investors track burned tokens?
A: All burns are verifiable on-chain through Solaxy's designated burn address, ensuring full transparency.