Why AXL Is Getting Popular

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.

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.

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 reduces 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 token. DEX fees and interest accrued from the lend & borrow model will help us buyback AXL/AXLS tokens and burn them.

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 token on another Blockchain speedily and with less costs.

Tokenomics

AXL token will kick off with the pre-sale. During the presale, AXL will be sold for 0.00075/AXL. Details on token utilization will be highlighted below. Total supply of AXL tokens will be 100.000.000.000. The pre-sale price of AXL token will be maintained for the period of the IDO and the number of tokens available for the pre-sale will be equivalent to 25% of 100.000.000.000 tokens which would amount to 25.000.000.000 AXL tokens.

Token Name: AXL INU
Token Ticker: AXL - Total token supply: 100.000.000.000
Total IDO supply: 25.000.000.000
Token pre-sale price: 0.00075/AXL

Yield Farming: The AXL platform will enable yield farming for those interested for 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.

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.

More Information

Web: https://www.axltoken.com/
Twitter: https://twitter.com/axltoken
Reddit: https://www.reddit.com/r/AxlToken
Discord: https://discord.gg/axltoken
Telegram: https://t.me/AxlToken

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Bitcointalk Username: Vipersia
BSC address : 0xB150e75d32a36eea5c513E51b8B5b4620eFC1328