Borax is a solid, odorless, powder with colorless crystalline in nature also known as sodium borate formed from boric acid, its a ionic crystalline salt by nature. When disolved in water forms alkaline solution, hot water can hold more borax than cold water.
Borax when mixed completely in hot water and when it reaches its saturation point it cannot hold borax anymore this is called supersaturation. Later when it is cooled borax is released out in its natural crystal form just like sugar crystals.
Borax with water forms
Na2B4O7·10H2O or Na2[B4O5(OH)4]·8H2O this formula difference depending on the water content.
When it is dissolved in water it will dissociate as
Na2[B4O5(OH)4]·8H2O (s) → 2 Na+ (aq) + B4O5(OH)42– (aq) + 8 H2O (l)