In the latest Solaxy news, a January 7th, 2025, article in Turkish financial outlet Borsatek named two individuals as the developers behind the Solaxy crypto presale. The inclusion of their names went unnoticed at the time of publication and has not been referenced in other coverage until now by TheHolyCoins.
English translation of the relevant section:
"SOLX tokens, the native token of a multi-chain ecosystem on the Ethereum and Solana networks, aim to solve problems such as network congestion, transaction errors and scalability. The development team includes two industry veterans."
Although the article does not include a sponsorship disclaimer, its structure and phrasing closely resemble those of promotional material. The article lists Solaxy alongside other altcoins expected to benefit from potential ETF approval. It promotes the project as the first Layer‑2 blockchain on the Solana network and highlights fundraising claims, such as surpassing $8.7 million during the early presale.
The coverage also includes detailed presale statistics, mentions of a growing investor base, and staking performance figures such as APYs around 397% and over 2.9 billion SOLX tokens staked.
While the article shares multiple characteristics with promotional content previously distributed by Clickout Media, which has served at least in the past as a marketing partner for Solaxy and other crypto presales, the origin of the text remains unconfirmed.
Based on its structure, language, and alignment with previously published materials, it is likely that the content, including the developer names, was provided to Borsatek by Clickout Media or an affiliated source. However, other possibilities exist, including an editorial mistake by Borsatek or the use of external material that incorrectly included the names.
The same two individuals referenced in the Borsatek article were previously named in legacy promotional content as founders of another crypto presale. Those earlier articles were later removed by their respective publishers.
It remains unknown whether these materials were accurate, outdated, or sourced from external submissions that included incorrect information.
Solaxy is a Layer‑2 blockchain solution on the Solana network, featuring a native SOLX token. It claims to address network congestion, transaction errors, and scalability issues by moving transactions to an off-chain Layer-2 environment. Solaxy also promotes a cross-chain bridge between Solana and Ethereum, as well as an ecosystem that includes a decentralized exchange and token launch features.
The project operates through Solaxy Tech Ltd, a British Virgin Islands company registered at an address commonly used by other presale entities. The domain solaxy.io is privacy-shielded, and no publicly verifiable team members are listed.
The SOLX token was listed on June 23rd on Uniswap and Raydium, and fell sharply after launch by 88%. As of this writing, the SOLX token has not regained its presale valuation.
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