How AXM Token Mechanism Works?

The token mechanism works in a manner to create digital tokens that will eventually represent various assets/utilities on a particular blockchain network. Similarly, AXM tokens will be used to incorporate the AXChain entities like transferring, storing, and verifying information or value in an efficient and safe manner. You will find AXM tokens posing different characteristics and use cases that will keep you stunned. This is a native currency operating on the AXChain Network planned with diverse use cases in order to raise the trade value.

Use of AXM Tokens

$AXM tokens are the core asset that backs up the AXMachine ecosystem which cannot be sold or transferred; in fact, you can use the below-mentioned use cases, including:

- Earn extra airdrop of $AXM tokens;

- Get random prizes or royalty rewards;

- In terms of governance, vote on how the protocol relives out developer grants, and much more;

- It can serve as a network validator where a suitable number of tokens will be required of all validators.

Looking at the increasing demand for asset privilege, the experts working behind the project believe that staking 1 $AXM coin for the highest time roughly around 4 years would generate 4 $AXM tokens. In fact, you can feasibly trade in the form of $AXM tokens for $AXM tokens, once you have crossed the vesting period. Meanwhile, you also have the option to increase your $AXM asset balance by locking up the coins stacked and extending the lock end date or both. This asset is carefully designed with a standard token economy:

· Total Supply: 25,00,00,000 AXM tokens

· Seed Sale: 6%

· Presale: 4%

· Staking: 12%

· Scheduled minting: 30%

· Marketing: 5%

· Development: 11%

· Team Reserve: 21%

· Initial Developers reserve: 1%

· Contract Royalty: 10%

There is a distribution formula for Token growth which is expected to rise up to 1800% in the upcoming 5 years:

Let ‘T’ — Total number of days in terms of the token distribution period.

‘R’ — Daily release rate of AXM tokens which could be around 0.06%/day or 0.0006 in decimal.

‘P’ — Total pre-mined supply of AXM tokens around 30% of the total supply.

The formula destined for the number of AXM Tokens that are to be issued on a particular day is calculated with t pointed between 1 and T which can also be expressed as:

AXM Token issued (t) = P + (T — t + 1) * R * (P + AXM Toin_distributed(t-1))

In the above-mentioned formula, ‘AXM Toin_distributed(t-1)’ refers to the total ratio of AXM Tokens issued up to the earlier day (t-1).

The team has also initiated a price growth formula by expressing the overall success rate of AXM Token which entirely depends on several factors like fluctuating market demand, utility, and complete tokenomics (token issuance). You can also formulate the possibility with this simple equation representing the price growth over periodical instances based on a hypothetical percentage growth rate ‘G.’

P0 — Initial price of AXM tokens at the start of the issuance.

t — Number of days from the start of the issuance.

G — Daily percentage price growth rate referred to as a decimal.

Hence, the perfect formula for the price of AXM tokens on some particular day rounds up to:

Price(t) = P0 * (1 + G) ^ t

In the above-mentioned formula, (1 + G) ^ t refers to the cumulative growth factor completion after t days calculated from the start of the token issuance. Also, take note that these formulas are mentioned to simplify represent or quote the proper annotation. Such formulations do not account for factors including market volatility, any external influences, alterations in demand or tokenomics models over a certain time. Lastly, not to forget about the mentioned variables and values of R, P, T, P0, and G could be determined depending on your project’s actual token economy and market dynamics.

For more additional information, you can refer to the website litepaper and whitepaper mentioned on the official site.

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