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Axiome is a DeFi ecosystem built on its own L1 solution, Axiome Chain, and powered by its native coin, AXM. [1][2]
The Axiome platform is designed to host various interconnected projects that not only share their revenues with AXM stakers in the form of stablecoins or their native coins but also enhance community engagement and platform growth. [4]
To manage economic incentives and ensure sustainability, Axiome uses a unique floating reward mechanism and intensive burning mechanisms, which together help prevent hyperinflation and maintain the coin’s value. [1]
The ecosystem is bolstered by its community and a partnership program, which are essential for rapid development and adoption. [1]
"Our mission is to build a scalable ecosystem of modern DeFi solutions, allowing AXM holders to continuously increase their staking rewards" - mission statement[4]
Holders can mine new AXM, earning up to 20% per month, and receive a share of network fees, incentivizing long-term holding, and stability within the ecosystem. [3]
Employs a floating reward rate for delegation and various coin-burning mechanisms to manage the supply and mitigate inflation risks. These features are critical for maintaining the long-term economic stability and appeal of AXM. [3]
Axiome Chain integrates projects with smart contract capabilities, enhancing the ecosystem through strong community ties and shared revenue models. This strategy bolsters the ecosystem's evolution, elevating AXM's utility as it steers continuous innovation and adoption of new projects. [3]
Axiome Chain is built on the Cosmos SDK, facilitating scalability and interoperability with other blockchains through the IBC (Inter-Blockchain Communication) protocol. This allows for coin migration and interaction between different DeFi ecosystems, enhancing the usability and reach of AXM. [3]
The ecosystem rewards validators for their role in maintaining network integrity and security. Validators earn fees from mining new coins and a percentage of network fees, incentivizing optimal performance and reliability of the blockchain network. [3]
The AXM coin is an integral element of the Axiome ecosystem. It serves several important functions: payment of network fees within the Axiome Chain, providing access to all ecosystem solutions, and serving as a stable method of income generation. [3][5]
The maximum coin supply is 3,000,000,000 AXM and the initial supply is 17,000,000 of which:
Alex Scheck - CEO
Evgeny Sakirkin - CTO
Willi Kellich - CFO
Yusuf Bilgic - Non-Executive Director (NED)
Charles Belford - Chief Risk and Trading Officer (CRTO)[1]
Edited By
Edited On
August 8, 2024
Reason for edit:
New Wiki Created 🎉
We've just announced IQ AI.
Edited By
Edited On
August 8, 2024
Reason for edit:
New Wiki Created 🎉
AXM
USD
AXM
USD
$0.02879
8.96%
$0.00
0.00%
$86,395,380.95
0.00%
$30,443.65
21.74%
$0.02879
8.96%
$0.00
0.00%
$86,395,380.95
0.00%
$30,443.65
21.74%