AXIA, the organization that is building a digital ecosystem around the world’s first hyper-deflationary digital currency, AXIA Coin (AXC), recently revealed that it is launching the new staking program.
Coin Rivet spoke with AXIA founder Nick Agar who said the staking program is very unique in the crypto space as it offers some of the best reward rates in the industry at 192%. APY, but also, all the rewards are compounded daily.
âThe program compensates for both upward and downward movements – when the price of the AXC goes down, participants receive more rewards, while when the coin prices rise, all the rewards they previously had. accumulated are all the more precious, âHagar explained.
He commented on recent increases in inflation in the US and around the world, noting that âAXIA Coin can provide a hedge against inflation because it is hyper deflationaryâ.
âIt has a total supply that only goes through a process called coin engraving, which is triggered by buying, staking, and any activity or transaction within its ecosystem,â he said.
âIn the meantime, these same activities may also result in an increase in the asset support structure within AXIA’s treasury.
“So on the one hand you have an ever increasing scarcity of AXIA Coin, while on the other hand the support of the underlying assets is strengthened.”
He also urged those looking for more rewarding alternatives to the traditional system to do their own research and see what programs like AXIA staking can offer them in terms of long-term value.
âI would suggest doing research to find projects that offer real, long-term sustainable and growing value rather than hoping for the best with speculative instruments,â he said.
Cryptos with a fundamental value will stand the test of time
Speaking of non-fungible tokens (NFTs), Agar said their value and usefulness has only just been discovered.
âWhile the initial phase of the industry was primarily focused on art, music, etc., I think the potential for NFTs to symbolize real-world assets is where the industry will really start to have. a dramatic impact on our daily life, âhe said.
âI believe that as we move forward into the future, the cryptocurrencies that offer their participants and communities real utility and that have real core value will be the ones that will stand the test of time.
âWhen you look at AXIA, you have much more than just hyper-deflationary cryptocurrency – you have a digital bank where you can wager and / or use debit cards, you have a suite of applications that allow you to enjoy enhanced security and privacy. , while also giving you the opportunity to earn AXIA Coin rewards daily.
Agar added that the project also has a fully encrypted smartphone and a next-generation network that will be released in early 2022.
âThe sky is the limit, but I think the added value and utility offered by everything in the AXIA ecosystem is essential and will help AXIA to continue to stand out over time,â he added.
Agar also revealed that the AXIA network is going to be launched shortly and that the entire project team has been working hard to bring it to the world.
âThe AXIA network will also be the first hyper-deflationary network to hit the market,â he concluded.
“So beyond bringing a new standard for blockchain technology to the general public, every participant will benefit from a superior economy compared to what exists in the market today.”
Disclaimer: The views and opinions expressed by the author should not be taken as financial advice. We do not give advice on financial products.