The AXL project is a decentralized exchange that utilizes the Poly Network bridge

AXL is a decentralized, cross-chain exchange that enables people to trade across platforms and between different blockchains.The AXL project will offer two tiers: ETH and BSC. The ETH tier will have its own staking protocol, while the BSC staking protocol will use the $AXL tokens as the default. Both of these plans are designed to allow users to participate in the AXL ecosystem and earn rewards. This means that the tokens are more valuable than the Bitcoin and Ethereum networks.The Poly Network protocol works with nine different chains and is capable of processing $4.1 billion in cross-chain asset transfers. By working with different blockchains,

The AXL project has been designed to provide decentralized solutions

It will merge the Ethereum Chain with the Binance Smart Chain to provide a single, fully functional decentralized exchange. With this, users can work with different applications, products, and tokens across various blockchains. The AXL platform will support liquidity provision, yield farming, lending, and borrowing. Tokens will be issued in $Axls and will be traded in a single decentralized exchange.The AXL project will begin with its own INU for liquidity provision, yield farming, and IDOs. The AXL project will start with $AXL as its primary token and end with $AXLs as its system reward token. The AXL launchpad will be used by various crypto projects to create IDOs and distribute their tokens. The AXL project will also need to use its own NFT to support these projects.

Some Trending Features Of AXL
Interoperability

Interoperability is the strong point of the AXL DEX. We will fully support multi chain smart contract protocol through poly network. Currently, we support the Ethereum chain and Binance smart chain. Users with crypto assets on these platforms can carry out their trades without needing to switch from one chain to the other hence reducing costs of operations drastically. An added advantage is that if the user feels a particular Blockchain is not efficient enough, cross chain support makes it easy for the individual to switch to a different Blockchain that may be faster or may have lower transaction fees. After the staking concludes and the minting of our NFT characters are done, development of the decentralized exchange will begin in earnest.
Secondary use cases: AXL tokens will be directly tradable on AXL DEX for other supported tokens while cross chain interoperability will allow AXL tokens to be exchanged for AXL tokens on another Blockchain speedily and with less costs.

Buybacks, Burning, and Burn Mechanisms: Burning AXL token would mean the destruction of an AXL token as a means of retaining valuation of the AXL token. Buyback and burn programs will help support growth and price stability of the token value and this will make it more attractive to investors. Buyback and burn methodology will also result in increased liquidity and reduced price volatility. This brings about a friendly trading ecosystem that will incentivize long term growth to the platform, token holders and help stabilize price of AXL tokens. DEX fees and interest accrued from the lend & borrow model will help us buyback AXL/AXLS tokens and burn them.

Yield Farming: The AXL platform will enable yield farming for those interested in generating high returns in the form of additional cryptocurrency. This incentivizes liquidity providers to stake or lock up their crypto assets in a liquidity pool based on smart contract These can include a percentage of transaction fees, interest from lenders or from a governance token. The yield from it, will then be paid out to those who have made deposits and shared accordingly.

Staking: The AXL ecosystem will allow staking as a way to earn rewards for holding certain cryptocurrencies. If the token allows staking, part of an individual’s holdings can be staked and the individual will earn a reward over time. The stakes are held in a staking pool and each portion of an individual’s holding will be put to work through a consensus mechanism for ensuring that all transactions processed are duly verified and are secured. Staking a crypto asset in this case will allow for it to also be a part of the ‘proof-of-stake’ process.

Mint own NFT and purchase

The AXL project is a decentralized exchange located on the Ethereum blockchain. It requires a MetaMask wallet in order to receive ETH and BNB, and then it will automatically exchange them for the AXL token. The AXL ecosystem also includes liquidity-providing pools, a yield farming program, staking programs, lending and borrowing, and a mining pool.The AXL project starts with its own NFT.
The AXL platform allows users to mint their own NFT and purchase them from other participants. In addition to launching their own NFT, the AXL ecosystem will also include collectible characters such as ELONs, ZOMBIES, and unicorns. The AXL tokens will be supplied to market makers, who profit from trading fees. The AXL tokens are built on smart contracts, which allow users to lock their assets for a specified time period and earn rewards from staking pools. After the presale, there will be four staking pools accessible.