Introduction to AXL Ecosystem

Brief Introduction

The importance of decentralized finance can never be overemphasized. It is a renounced upgrade on centralized finance. However, centralized finance/Exchange has its own advantages, such as convenience in trading since it’s controlled by the third party. With this, there is a minimal loss of funds while trading. Even with this advantage, the challenges faced by centralized platforms are numerous and cannot be solved completely, it can only be reduced. A number of reputable Centralized Exchanges have been hacked many times making investors scared of using the Exchanges anymore. Some exchanges even shut down because they couldn’t recover investor’s funds. The development of decentralized exchanges had solved a lot of challenges faced by Centralized ones.

One of the most important benefits of decentralized exchange over centralized exchanges is the total control by users. In centralized exchanges, third-party control any transactions or services rendered, while decentralized exchanges are solely controlled by the owner of the account. This ensure user’s privacy is sufficiently protected when compared to Centralized exchanges where User’s details and information are collected and probably exposed. When Blockchain technology was originally developed, it’s intention is to make users use financial services anonymously without the interference of middlemen. Decentralized exchanges conform well with this intention. Also, any assets can be traded at will on decentralized exchanges, while it needs to be listed on centralized exchanges before it can be traded by users.

Decentralized exchanges are more secured, transparent, and easy-to-use (since it does not require any registration process before you can use it) when compared to Centralized exchanges. Although there are many well-known Decentralized exchanges currently working in the industry, however, they always a lack interoperability between different blockchains. AXL platform is a new developing Decentralized Ecosystem which will ensure users to easily bridge from one chain to the another in an easy-to-use and secure environment. Also, decentralized financial services will all be available on this platform.

What is AXL?

AXL is a Decentralized exchange with smart routing on ETH Chain (ETH) and Binance Smart Chain (BSC) that will supports Liquidity Providing, Yield Farming, Staking, Launching IDO, NFT and Lending & borrow. - Website

AXL platform will allow users from every part of the world to access financial Services without the involvement of third-party. The platform is easy to use, secure, and transparent. The Ecosystem will start with the integration of NFTs and end with Decentralized exchange. Also, AXL token will be used initially, while AXLS which is the rewards token, will be used at the end. There is so much more benefits associated with this platform.

AXL Ecosystem

Non-fungible Tokens (NFTs)

NFTs is taking the digital art world with a bang. This is why AXL platform is offering users the opportunity to have access to exclusive NFTs collection in the AXL Marketplace. Individuals will also be able to mint their own NFTs on the platform.

Staking

The AXL Ecosystem will provide Staking options for users to earn even more rewards. To earn more rewards, a user need to hold some amount of tokens in their private wallet. The staked coins are transferred into the staking pools to secure and verify transactions. The amount of rewards depends on the proportion of staking pools and the amount of total held in user’s wallet. AXL token can be staked to get more AXL tokens. Also AXL LP tokens can also staked on Both Uniswap and Pancakeswap to earn more AXL tokens. Additionally, the Dex reward token (AXLS) can also be staked to earn more AXLS or stake supported tokens to earn AXLS.

Decentralized Exchange (DEX)

AXL Dex will allow users to swap any crypto assets in a secure and easy-to-use environment. AXL Dex will have a Dex aggregator that provides the best prices from different Dex trades. AXL Dex will cut across other Dex to get the best prices and possible lowest slippage to ensure bots activities are eliminated.

Borrowing and Lending

Users can easily take out loans with a collateral from the AXL Ecosystem. The requirements to access this service is smooth and easy to achieve. Users can make use of this opportunity to borrow some crypto assets when there is urgent need. Aside that, users will be able to lend the borrowers to earn more rewards.

Yield Farming

To get higher returns of cryptocurrency, users have the chance to access Yield Farming section on the AXL platform. Liquidity providers can stake their crypto assets in the liquidity pools to earn more rewards from transaction fees, interest from lenders, or from a governance token.

IDO Launchpad

Crypto projects will be able to launch IDO on the AXL Pad. This will be an opportunity for Startups to launch their token sale on a well reputable IDO platform.

Other special features of AXL Ecosystem include;

Interoperability - AXL platform supports multi-chain smart contract protocol through Poly network. Presently, the platform supports both Ethereum and Binance Smart Chain. More chains will be added in the future for easy transactions and low transaction fees.

Buybacks, Burning, and Burning Mechanisms – The Dex fees and interest gained from the lend and borrow model will be used in buying back AXL/AXLS token and burn them. Reduction in circulating supply of the token will also increase the value of the token. It’s a win-win solution for the project and the holders.

Provision of Liquidity – AXL token will also be used in providing liquidity on the Dex to reduce inflation and rewards the market makers.

AXL Token Details

Name – AXL INU

Ticker – AXL

Network – Polygon, Ethereum, BSC

Total Supply – 100,000,000,000

Smart Contract - 0x25b24b3c47918b7962b3e49c4f468367f73cc0e0

AXL token is currently traded on Uniswap, Pancakeswap, LBank, and Bitmart

AXL token is fully audited by Certik - https://www.certik.com/projects/axl-token

AXL Token Utility

• Native currency of AXL Ecosystem
• Project listed on the launchpad will pay AXL token as a fee
• Launchpad program can only be participated via staked AXL token.
• Governance token to vote on some decision on the platform

Token Distribution

Conclusion

The days of Centralization is probably going off, and Decentralization is gradually taking it’s place. People can now access financial services with ease without the involvement of third-party and any cumbersome paperwork. AXL platform is yet another decentralized platform which will ensure financial services that provides financial freedom to users is guaranteed. No limitations or whatsoever to access these services from anywhere around the globe. AXL platform is an Ecosystem to visit!

Roadmap

Useful links

Website - https://www.axltoken.com/

Twitter - https://twitter.com/axltoken

Telegram - https://t.me/AxlToken

Instagram - https://www.instagram.com/Axltoken/

Reddit - https://www.reddit.com/r/AxlToken/

Medium - https://axltoken.medium.com/

Author - Jerryco

POA - https://bitcointalk.org/index.php?topic=5373835.msg58567886#msg58567886