What Is an AXM Token?

AXMachine is a new yet innovative cryptocurrency project that clouts blockchain technology in order to present and introduce a unique rewarding binary referral system for everyone interested in virtual space. The AXMint project is hereafter announced for you to enjoy the utmost benefits of an incentivized referral system available on a smooth operating blockchain.

This platform was created to provide participants with an opportunity to earn rewards for the periodical minting of the native AXM Tokens. The team is looking forward to foster overall community growth and generate maximum engagement while placing a decentralized network available for every single member in the ecosystem.

AXM project is here to create a high-volume market capitalization incorporating coin appreciation of worth 1800% in almost 5 years target. This target will be achieved with the backed-up asset of the AXM ecosystem called as AXM Token, developed in the BSC Platform which can be minted and used to support the members within network marketing.

The team behind the project has carefully designed AXM Token with a total supply of 250000000 assets where around 30% of the tokens are destined to be pre-mined. These assets will eventually facilitate initial platform development, sponsored aspects, partnerships, and community-building efforts. The pre-mined assets are termed to be allocated for the following purposes:

Token Distribution:

· 25% AXM token is kept for pre-mining activity which will be locked for the first quarter and after 6 months 1% per month will be released up to 100 months.

· 5% assets are termed for development and marketing purposes

· The rest of the AXM tokens around 70% of assets will then be released gradually over the time through a controlled release mechanism.

Initiating the launch date of the project, the AXM Tokens are targeted to be distributed at a rate of 0.04%/day to make sure the assets are distributed fairly and incentivized as per the long-term participation within the AXMachine ecosystem. The token utility of AXM assets will serve various purposes working within the AXMachine project including

Referral Rewards

Participants who show active usual engagement in the binary referral system and accomplish to successfully refer others is destined to get rewards in AXM Tokens. The referral rewards will be issued automatically via smart contracts to promote transparency and fairness. The team is strict about the token growth and sustainability, hence decides to gradually release AXM Tokens to smoothen a controlled token supply expansion while presenting a stable sustainable growth model.

In fact, the experts believe that distributing assets over an extended period will eventually incentivize overall users to grab the wheels actively. This will make user engagement more possible within the ecosystem, thereby fostering a healthy and vibrant community.

AXM Tokens

AXM asset is the driving factor of the overall AXMachine marketplace as this native token will associate rights to holders who will participate in decision-making activities.

1. Inherent to the Blockchain: The assets are an integral part of the complete blockchain network in operation. These tokens are used to process transactions, secure the network, and incentivize network participants.

2. Transaction Medium: The assets can be commonly used as a medium of exchange applicable within the blockchain network or AXM ecosystem. You can send and receive the assets as a form of digital currency.

3. Smart Contracts and DApps: This will work like other blockchain networks where native tokens are played for interaction with potential smart contracts and DApps. The assets can be used to serve as the “fuel” in order to execute code on the blockchain.

4. Consensus Mechanism: These assets play a crucial role in the blockchain’s consensus mechanism.

Moreover, other than the purposes mentioned above, the in-built web3 wallet of the AXM ecosystem “AXWallet” will also enable you to safely store, manage, and exchange digital currencies including AXM Token.

Use Cases of AXM Token

Transparent Payment: You can use AXM Tokens for seamless, uninterrupted, and transparent payments for flight bookings, where you can send assets directly to the airline eliminating the need for central authorities and potential currency conversion fees.

Instant Settlement: You can use AXM Tokens for transacting which are typically faster than any other traditional modes of payment. While using these tokens airline will get an instant confirmation of payment dropping the risk of chargebacks.

Global Accessibility: You can use AXM Tokens as a global payment solution to pay for flights regardless of your location and you need not worry about currency exchange rates.

Smart Contracts: You can use the smart contracts deployed on AXMachine’s decentralized blockchain platform to automatically trigger refunds/rescheduling depending on predefined conditions. This will minimize the need for manual intervention.

Direct Peer-to-Peer Booking: The blockchain of the AXMachine project allows you to directly book customers and hotels while removing the barrier of third-party booking platforms and hiding the unwanted associated commissions.

Hotel Booking: Loyalty Programs are the next advantage to AXM assets incorporated on the AXMachine platform. Now, hotels can create their own AXM Tokens on their part in terms of loyalty programs while rewarding customers for onboarding bookings and referrals.

Utility Services: The ledgers working within the distributed network can now tackle the electricity grid by delivering real-time information related to energy production, consumption, and distribution.

Incentivizing Energy Efficiency: Utility firms have the potential to initiate AXM token-based incentives purposely for customers to drop down their energy consumption during peak hours, which will eventually contribute to overall energy efficiency.

There are many more use cases to the AXM tokens which will be disclosed soon. So, keep a close eye on the project and official webpage for more updates.

Website: https://www.axmint.io/

Twitter: https://twitter.com/AxmintDefi

Telegram: https://t.me/AxMintChat

Medium: https://medium.com/@Axmintdefi/

Reddit: https://www.reddit.com/user/Axmint