What Iss Axia Protocol (AXIA)?
AXIA is a cryptocurrency that claims to offer users a powerful tool to have streamlined access to their finances. Axia Protocol is a decentralized finance project that aims to use blockchain as a primary tool for investors to make aggregated investments in cryptocurrency markets. Axia, as a protocol, claims to eliminate traditional financial investment intermediaries.
Further, the Axia protocol claims to allow users to have control of their investment decisions with a one-click solution. This helps in expanding their investment capabilities and maintaining autonomy while reducing risk. Axia also offers a one-click solution to staking multiple assets simultaneously. Axia protocol is easy to use and allows new and experienced investors to invest in different cryptocurrencies without the fear of losing capital. The entire investing and diversification process is claimed to be automated; all it needs is to pick a fund of choice and press invest.
Axia is driving adoption by maximizing the returns through arbitrage opportunities, utilizing liquidity pools, and staking to reward investors using the protocol. The Axia protocol aims to provide an opportunity to its users to utilize their newly acquired coins in earning a return on investment. AXIA is the ERC20 token that powers the protocol with both inflationary and deflationary features tuned together to prevent hyperinflation and deflation. Axia has an emission schedule that compass through Epochs. Each Epoch lasts around 180 days, with a set of tokens being minted daily and distributed to stakers on the protocol. Also, on every un-stake transaction, a 2 percent fee is charged.
AXIA FUND token is the liquidity token minted to the users who invest in a fund. Users indirectly provide liquidity to the market by investing in Axia's fund and get rewarded with AXIA token emissions. As per its whitepaper, the other way to earn dividends or ‘emissions’ in the form of an Axia token is yield farming done through staking Axia Fund tokens.
History of Axia Protocol (AXIA)
Zee is the project lead of Axia protocol with a background in medicine. Zee ventured into cryptocurrencies in early 2017. Axia Dev is the protocol's founder with experience as a blockchain developer and an investor from early 2016. Sam is the community moderator who realizes the importance of DeFi and arrived at an idea to transform the financial system to benefit everyone participating in it. The total supply of the AXIA token is 3,800,000.