AXL Launchpad Goes Live with Fixed Staking Pools — AXL’s Tiered Model for IDOs
With cryptocurrencies raging across the entire industry regularly, AXL INU ($AXL) is delighted to announce that its long-awaited AXL launchpad is officially live.
The AXL launchpad enables new emerging projects to create a mark for themselves at the time of their launch while making the process of identifying good projects easy for users. The goal behind the launchpad is to provide AXL investors with additional investment opportunities.
The AXL launchpad is fully operational with a new and updated design, and the AXL community can invest in projects and receive early allocations by staking $AXL in the tiered model.
The simple and user-friendly staking platform has the best UX and UI interface, making it incredibly easy to navigate for both new and experienced investors. The mechanism is designed to make it simple for users to interact with the staking contract without any hassle. AXL believes that before investing, users should not have to go through the inconvenience of learning how to interact with a smart contract.
AXL’s Tier Model for IDOs
AXL Launchpad uses a fixed staking protocol based on the number of tokens staked in its tiered model. The tier mechanism is designed in a way that AXL holders with a greater amount of $AXL will be able to access more perks.
Only the earliest users with the required tier access who register to be whitelisted for the IDO are eligible to participate.
Users will be immediately whitelisted into the sale by staking in AXL’s tiered model during the project’s launch time.
$AXL Staking
Individuals can now stake their AXL in fixed staking pools with stable APR to participate in IDOs.
For staking, the tiered model is divided into 3 different tiers to give every user an equal chance, and the rewards vary depending on the staking tier.
Staking Boost:
There is a 1.2% boost for staking in $AXL fixed pools. For example, if an individual stakes 420,000 $AXL, it will be boosted by 1.25% thus the staked amount of $AXL will be 504,000 $AXL and he/she will be updated to tier 1. It will enable him/her to get an extra amount of reward when staking in fixed staking pools.
Key Points for Staking:
- Tiers are designed to be accessible to all token holders, with the first and second tiers having a minimal entry threshold.
- Large token holders are encouraged to stake into higher tiers, which provide more chances to obtain a higher allocation.
- Users can only stake in one tier at a time. Individuals will be eligible for drops in all tiers if they have staked in the highest tier.
AXL Booming the DeFi Space:
AXL has made remarkable progress toward its objective of becoming a major DEX and IDO launchpad in the DeFi space since its launch in November 2021. AXL strives endlessly to support, nurture, and promote the listing of new and pioneering projects, many exciting forthcoming projects and huge listings are expected to be disclosed soon.
AXL also intends to expand the availability of “$AXL” in the cryptocurrency market, with plans to list $AXL on other reputable exchanges already in the works.
About AXL INU:
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, NFTs, and lending & borrowing. Beginning with the ecosystem’s primary token, $AXL, and concluding with $AXLs as a system reward token.
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