Axia is a blockchain with a better economic design developed to be more secure, fast, inclusive, and energy-efficient. Axia‘s ecosystem includes all the Axia-related services and how they interact with each other using blockchain technology. Axia’s boundless blockchain-powered digital ecosystem rewards all participants with a truly hyper-deflationary currency.

The native coin of Axia is the AXIA coin, a hyper-deflationary asset that supports digital currency globally. AXIA coin has a limited supply that decreases basis on the activity in its expanding ecosystem, which can be used as a preferred medium of exchange. AXIA coin is a hyper-deflationary asset because the total supply of AXIA coins is constantly decreasing due to participation, activity, and transaction across the ecosystem which triggers the coin-burning mechanism. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burnt to reduce availability and increase market value.

The AXIA coin-burning mechanism is linked with a smart contract via all forms of activity in the AXIA ecosystem. In a nutshell, coin burning makes AXIA coins scarce and continuously increases the value for its holders.

These coins are burned from the total supply when:

Axia delivers real fundamental value to people globally via its favorable hyper-deflationary economic design, a suite of apps, its bank, and other forthcoming offerings. Axia’s own bank-AXIA Capital Bank is a next-generation bank that offers a safe, more rewarding banking experience to its members with the belief that when one member prospers, everybody else prospers.

AXIA Bank offers its customers a 12 percent compounded yield paid out daily on their AXIA Coin holdings. At AXIA Capital Bank, customers are always in control of their funds and are never exposed to the same risk as traditional banks.

AXIA Coin was founded in 2018 by Nick Agar. Paul Ungerman is the co-founder and has been a part of the board of directors for ZooShare Biogas Co-operative, a non-profit renewable energy cooperative. Lucas Pan is the CTO at Axia with experience that spans across AI, Cloud, Data Science, DevOps, and Full Stack development.