Review Axl Inu - Host IDOs for Emerging Projects

japanmovies (29)in #nft • 3 years ago

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What is the Axl Inu platform?

AXL INU is being developed as a Decentralized Exchange (DEX) on the Ethereum Chain (ETH) and the Binance Smart Chain (BSC), which will enable liquidity provision, yield farming, staking, launching IDOs, NFT, and lending & borrowing. Beginning with the ecosystem’s primary token, $AXL, and concluding with $AXLs as a system reward token.

Complete Features of Axl Inu

The AXL project provides a truly decentralized system of operation to our users around the world. A truly decentralized model will have various benefits that will be enjoyed as opposed to running a centralized system. What notable differences can be found between a centralized and decentralized model of operation?

A centralized exchange is a third-party exchange that acts as a facilitator for transactions carried out between two parties on its platform. It actually improves trading convenience because all activities are properly managed and controlled, thus loss of funds during a transaction is minimal. Before a trade is initiated, the funds are held in an account before execution.

A decentralized exchange, on the other hand, does not have a designated authority in charge. There is no single account that holds funds before market orders are executed. Rather, the platform itself acts as a mediator for matching orders directly on a peer-to-peer basis. Transactions are not kept in charge of a third-party server and escrow costs and charges are eliminated.

• Interoperability — The AXL DEX is exceptionally good at interoperability. It will be possible to implement multi-chain smart contract protocols entirely through the use of Poly Network. For the time being, it is only compatible with the Ethereum Blockchain and the Binance Smart Chain. Users that own crypto assets on these platforms can conduct transactions without having to switch between chains, resulting in decreased transaction costs for all parties involved.

• Secondary use cases — The AXL tokens will be instantly exchangeable for other supported tokens on the AXL DEX, and cross-chain interoperability will allow AXL tokens to be rapidly and inexpensively traded for AXL tokens on another blockchain.

• Buybacks, Burning, and Burn Mechanisms — Burning an AXL token would imply its annihilation in order to preserve its value. Buyback and burn programs will contribute to the token’s growth and price stability, making it more attractive to investors.

• Liquidity Provisioning — As a liquidity provider, AXL will make its services available to market makers and other participants. What is the role of a market maker in today’s world? A market maker is someone who provides assets to a trading platform, in this case, cryptocurrency, in order to aid in the decentralization of trading.

• Yield Farming — In order to generate high returns in the form of additional cryptocurrency, the AXL platform will enable yield farming for individuals interested in generating high returns in the form of additional cryptocurrency.

• Staking — It is planned to integrate staking in the AXL ecosystem, which would let users to get incentives for holding specific coins. Stakes are placed in a staking pool, and a percentage of each individual’s holding is put to work through a consensus technique that ensures that all transactions are correctly confirmed and protected before they can be completed successfully. A crypto-asset staked in this situation is eligible to participate in the proof-of-stake process, as well as any other related processes.

• Borrow and Lend — The borrow and lend feature on the AXL platform allows users to accumulate digital money. Investors can earn interest on their cryptocurrency holdings, and borrowers can use their current cryptocurrency holdings as collateral for a loan on another cryptocurrency.

AXL Inu Goes Big, Unveils the AXL Pad to Host IDOs for Emerging Projects

AXL, the Ultimate DEX platform, is collaborating with NFTb, the Platform for Digital Ownership, to introduce AXL launchpad to the community, with $AXL and $NFTB being the tier tokens. This will allow AXL to connect the NFTb community with AXL Launchpad, ensuring maximum recognition to the AXL ecosystem and more opportunities to engage with emerging projects in their early stages of development. AXL Pad will help in launching new and innovative new projects to the market.

AXL strives endlessly to support, nurture, and promote the listing of new and pioneering projects, and a number of exciting forthcoming projects are expected to be disclosed soon. The launchpad allows developing creative ventures to unveil their concepts to the community while also gaining support, attention, and financing.

AXL Launchpad Tier System

The launchpad tier mechanism is configured in such a way that $AXL and $NFTB holders with a larger balance will be able to take advantage of additional benefits.

For each token, the tier system has 3 tiers.

All rewards will be distributed in the form of $AXL Token.

Staking Protocol

AXL platform will offer 2 plans for the staking protocol.

A fixed plan with staking periods of 1,3,6, and 12 months, with fixed APR and a pool limit.
A flexible plan with staking period of 1,3,6, and 12 months, with flexible APR and no pool limit.

There will be a total of 10 staking pools.

8 Fixed: AXL and NFTB
2 Flexible: AXL and NFTB

The participants of fixed staking programs will be able to participate in the Launchpad IDOs.

About NFTb:

NFTb is the Platform for Digital Ownership. Our mission is to help creators get comfortable and love using DeFi dApps.

NFTb offers a premium NFT marketplace where users can access buyers from anywhere around the world and multi-chains, a DeFi platform giving users access to yield farming opportunities and a launchpad created to help creators and projects to build early support.

NFTb is backed by the Binance Accelerator Fund, Rarestone Capital and Spark Digital Capital.

AXL 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.
The total supply of AXL tokens will be 100,000,000,000.
The pre-sale price of the 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.