AXNET ICO Analysis

Axnet - Token Sale Review

In the previous article about AXNET I already did an introduction of the project, the existing problems it was created to solve and the innovative ways in which these problems are going to be solved.

In this article, I will be performing a token sale review of the platform's AXN tokens, by first considering the pros and cons of the project, the benefits, and the token metrics.

Strengths Of AXNET (Pros)

Newbie Friendly

Cryptocurrency trading is unlike other types of financial trading is still relatively new and the rapid growth of the crypto space means that there are lots of newbies making an entry into this space. However, trading on the existing exchanges can be challenging for the newbie who has little or no prior trading experience.

AXNET provides a 24/7 customer support service to help all its users "either new or experienced" attain the best trading experience. Furthermore, unlike the high majority of the present cryptocurrency exchanges which do not possess fiat to cryptocurrency trading pairs, Axnet is an already fully licensed exchange which will initially offer 5 different fiats with which traders with no prior cryptocurrency experience can easily make fiat deposits for the purpose of buying cryptocurrencies.

Appeal To Existing Traders

AXNET is a platform that will hugely appeal to the existing cryptocurrency traders. With Axnet the existing traders will be rid of the previous problems they encounter daily during activities. Using Axnet, traders will not have to worry about the fear of the exchange getting hacked and losing their tokens, or the large traders will not be concerned with losing money unnecessarily due yo high price slippage.

Weakness Of AXNET (Cons)

Big Players In The Exchange Market

As at the time of writing this article, there are 2004 cryptocurrencies listed on the coinmarketcap and over 14 thousand markets for these cryptocurrencies. The vast majority of the trading activities happens on the top exchanges and with a large amount of new exchanges making entry into the crypto space, a lot of work needs to be done for Axnet to reach the high levels it has the potential for. This work involves matching and competing with the big players in the cryptocurrency exchange market.

Additional Benefit Of Axnet

Reduced Fees: Trading, Withdrawal and Margin fees are highly discounted on the Axnet exchange, with the trading fees charged in a very user-friendly maker-taker model, and this promotes more liquidity and a better order sheet balancing system which gives traders a better trading experience.

Token Metrics

The Axnet's, AXN tokens are be used by traders to execute trades on the exchange and benefiting from a 50% trading fee discount in the process. This token Is also stored in the user's wallet, below are the token information at the time of the token sale.

Ticker: AXN

Price:  0.0005 ETH 

Hardcap: $ 20,000,000

Total Token For Sale:  100,000,000 

Conclusion

Axnet is a centralized, decentralized exchange that has what it takes to not only be a success but also set the pace for other cryptocurrency exchanges to follow by putting their users first, and provide the best trading experience, as cryptocurrencies and the blockchain technology approaches mass adoption all over the world.

Official Contacts

Website: https://ax.net/

Whitepaper: https://ax.net/docs/AXNETWhitepaper.pdf

Twitter: https://twitter.com/AX_NET

Facebook: https://facebook.com/AXNETExchange

Github: https://github.com/AX-NET

Reddit: https://axnet.reddit.com

Telegram: https://t.me/AXNET

Medium: https://medium.com/AXNET

Bounty0x Username: adekogbe

Disclaimer: Kindly take note that the contents of this written piece about AXNET is not an investment advice and should in no way be used for that purpose. Always do your own research

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