Axion offers a first-of-its-kind blockchain-powered venture fund alongside high-interest time-locked savings deposits which earn investors a high interest of 8% plus additional dividends. Many of our stakers are earning over 40% APY.
Using the staking platform, users can lock up their Axion in exchange for shares which will earn dividends over time. The staking contract temporarily burns AXN in return for shares. Shares in the Axion ecosystem are the most valuable asset as they determine the payouts drawn from reward, investment, and dividend pools.
Stakers earn more shares by staking for longer periods of time (much like CDs) in order to accumulate more dividends.
Not only do we pay interest and dividends in AXN, but since the launch of our Venture Capital Auctions on 12th March 2021, we also pay dividends in Bitcoin!
This bitcoin is also liquid, meaning you can withdraw it at any time during your stake, as many times as you like.
Because BTC is not on the Ethereum network, we actually pay these divs using wrapped Bitcoin (wBTC), which is essentially the same thing but available on the Ethereum network and holds the exact same value as Bitcoin.
We have seen an impressive amount staked so far:
Over 70% of our total supply is staked.
Over 218 Billion AXN staked ($115 million dollars)
Over 100 Billion AXN staked for the max duration of 15.22 years ($44 million dollars)
At the time of writing, after only our first 7 VCA's, we have paid out almost 50 BITCOIN to our stakers. That's $3 million dollars!
Having such a large percentage of our token staked means the price is far less susceptible to large drops.