The AXL coin will be the native medium of exchange for users on the AXL network. A specific use might be the AXL Launchpad program, which requires users to stake AXLs in order to be eligible to participate in subsequent projects. The maximum supply of AXL tokens is 100 billion. Numerous burn mechanisms, buyback opportunities, use cases, secondary use cases, a diminishing mint rate, and a smart-contract-governed minting process all contribute to the AXL platform’s robust and sustainable tokenomics model.
The AXL token will have the following significant characteristics:
• Freeze — Freezing entails locking AXL tokens, blocking access to or specific functionalities of the tokens, such as token transfer.
• Vote — Users can now vote based on the number of AXL tokens in their wallets.
• Proposal Creation — If a user has enough AXL tokens in his wallet, he can use a feature that allows anyone with enough AXL tokens to make proposals and participate in particular governance activities or functions.
• Liquidity points (LP) — By providing liquidity to a certain pair, users will be able to receive a portion of the fees generated from trading activity on the pair from the start of the liquidity provisioning.
The following is the breakdown of the token distribution:
Pre-Sale: 25%
Staking Rewards: 30%
Reserved for CEX: 20%
Team (Locked for 3 Years): 2.5%
DEX Liquidity: 15%
Locked Incentives: 6.5%
Airdrop: 1%
More information on the AXL Token may be found at the following link: https://www.axltoken.com/
