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On November 29th, 2022, the Axion Core Team and Devs set the core contract to an immutable state, meaning the contract can never be altered or changed in the future for any reason.

By setting the core token contract as immutable, we have ensured past, present, and future holders of the Axion $AXN token can be confident no rules or conditions will ever be changed or upgraded again.

The basics

Axion offers unique blockchain-powered time-locked (stakes) that earn investors an 8% interest plus additional rewards. Axion allows anyone to earn on their holdings via time-locked deposits on the blockchain with the $AXN token.

Shares in the Axion ecosystem are the most valuable asset, as they determine the payouts drawn from reward pools. Shares are earned by staking $AXN, which, in turn, earns token holders liquid rewards while simultaneously earning interest on their principal amount of staked $AXN.

Our innovative reward-producing mechanisms provide token holders with rewards in Bitcoin (which is immediately available as the rewards are earned). At the same time, their staked $AXN accrues interest upon its principal for the users’ desired period of time, based on their stake length.

Trust and transparency in the Axion network are based on mathematical principles, blockchain technology, and smart contracts on the Polygon network. Additionally, our highly experienced team and cooperative community members offer unparalleled support to ensure a simplified, safe, and secure process for understanding and participating on our decentralized platform.

Welcome to the world's best staking ecosystem!

Axion is more than a crypto version of a CD account. We’re building an entire ecosystem that favors long-term thinking. We built our community on the foundations of growth and passive income generation. Our ecosystem is built to reward stakers with unique features only available when they stake. The future is here

What is the VISION of Axion?

We’re building an ecosystem that favors long-term thinking.

What is the MISSION of Axion?

To build an ecosystem designed for digital asset portfolio growth while building rewards.

Get Started

In order to mint your stake as a Galaxy NFT, you first need to already have some active stakes in the Axion staking portal.

Visit the and press the Manage button on the right-hand side of whichever stake you wish to mint into an NFT. If you are on a mobile, you may need to scroll to the right to see these buttons.

Once the Manage Your Stake popup opens, select the Mint Stake NFT tab.

From here, you will be able to pay a small fee for the creation of your NFT. This fee will be shown to you as per the above screenshot. The fee is based on how much AXN is in the stake being minted.

Once you have confirmed the transaction, your new Galaxy Stake NFT will appear on the and Opensea within a few minutes!

Officially we only support but have recently enabled support for over 70 different wallets as listed below:

If you are creating a long-term 15-year stake, we strongly recommend doing it on a hardware wallet such as or for added security. These can both be used via MetaMask or their own software.

Not sure how to set up a wallet? Follow our tutorial here to set up MetaMask

We will be focusing a lot more on the launchpad moving forward, growing it out to be one of the largest and most successful launchpads. We will aim for two launches a month. This will not only bring lots of new investors into Axion, but also give plenty of excellent opportunities to our current stakers.

Requirements

Each partnership with Axion Launch is unique with its own unique rules and requirements. With Axion Launch, the Axion Staking Community gets to enjoy the exclusive benefits of curated launches perfect for long-term growth.

Some Axion NFTs might give you a higher allocation or different sets of benefits.

KYC (Know Your Customer)

KYC (Know Your Customer) is required by law for some types of launches. Users can complete their KYC application with our partner, Sekuritance.

The system penalizes a user for leaving their stake unattended after their committed period has ended, although there is a grace period of 14 days.

The final payout (principal + payout) is penalized at a rate of 0.143% per day, or 1% per week.

For example, if a user’s payout of 100 AXN is available to claim at the end of a 50 day stake period, the grace period will be from day 51 to 64 (14 days). The penalty period initiates after day 64, whereas the 0.143% is deducted from the matured stake reward.

In ~2 years, an unclaimed stake will have been lost entirely.

Whether you’re completely new to Crypto or a seasoned veteran, the first and possibly most important question that you should ask is: How safe is the protocol?

Is the project audited?

Long-term investing requires top security and confidence in the Smart Contracts that power our ecosystem. Axion has partnered with the top Crypto Auditing companies to make sure every product it releases has been thoroughly tested and verified to be secure. Axion has had multiple audits by different companies, and you can read the results of the audits Hacken, Certik, Solidity.Finance and Halborn.

Team-led, community driven

Axion Network is managed by the development team through community support.

• Core team

• Marketing team

• Moderator team

• Axion Advisory Council

You can read more about the team here. (We are in the process of updating our team page on the website)

How “accessible” is the team?

As a community-run project, community members can reach out to team members through discord ticket or through DMs. Community feedbacks play an important role in making Axion the world's best staking ecosystem.

How active is its community?

Axion’s community is heads and shoulders above the rest. From the moderators to the “regulars” to the completely new crypto enthusiast. Axion’s community is always active and ready to give advice or help with any questions you may have. Visit us on and join our community!

Whenever you buy $AXN in the Accelerator, you will be minted a Particles NFT. This NFT will contain Particles that are a multiplier of the amount of AXN you bought in the Accelerator.

The amount of particles multiplier is randomly picked between a 1x, 2x, 3x, 4x, 5x, or a very rare 10x. The maximum Particles' that can be contained in the NFT is 50,000,000 $AXN. Learn more about the Particle NFT.

Equip your Axion Particle NFTs in the Axion Collider https://stake.axion.network/collider for a chance to fuse into new AXN tokens! If your particles fuse into AXN, it will be staked for the duration that you choose. Your AXN stake will behave just like a normal stake, including earning BTC rewards or enabling you to participate in Axion Launch (1 year stakes and up)!

The Axion Accelerator https://stake.axion.network/accelerator is a way for users to buy and stake $AXN in a single transaction, saving users gas fees compared to buying on ApeSwap and then staking separately.

It also offers up to a 20.8% bonus compared to buying on the market, plus up to 305% additional shares!

Whilst doing the above, it also generates Bitcoin rewards for the stakers, and forms part of our deflationary measures by buying back AXN from ApeSwap and burning it, creating positive buy pressure with each transaction and reducing the circulating supply.

Certain Axion NFTs give you a bonus on top of your principal with every Accelerator buy.

Max Mint

In our efforts to maintain the total supply of $AXN available in the market, the Accelerator maxMint (mint cap) has been set to a maximum of 150B additional tokens. This was one of the most significant final changes recently introduced to the Accelerator before it also becomes immutable.

If the Accelerator sold out every day with the bonus allocation of 575,000,000 $AXN tokens, it would take approximately 260 days for the Accelerator to reach its end of life. If it only sells out at 65% per day, it will take over 400 days.

Available as a browser extension and as a mobile app, MetaMask equips you with a key vault, a secure token wallet - everything you need to store the Axion token or other assets such as Ethereum or wrapped Bitcoin.

How To Install MetaMask

Simply head to the official website metamask.io to download their browser extension or mobile app. 🛑 Be careful, there are fake websites out there with hacked versions of MetaMask which will attempt to steal your funds. Please only download from the official website, Metamask.io.

Pin It

If using Chrome or Brave browser, click the puzzle-shaped extensions button and then pin MetaMask, so it always stays on the toolbar for easy access in the future.

How To Create A Wallet

Once MetaMask is installed, click on Get Started for their brilliant step-by-step guide on setting up a wallet. Be sure to follow every step carefully and read the warnings about keeping your seed phrase safe.

1. Do not copy and paste the seed phrase.

2. Do not email it to yourself or photograph it.

3. Write it down on old-school pen and paper, and keep two copies in safe locations.

You now hold the keys to your crypto in your own hands! Make sure to keep it safe, since anyone with your seed-phrase can access your wallet and your funds. A better way to secure your crypto holdings is by using a hardware-wallet as explained here:

The Axion Accelerator incentives longer stakes and gives a bonus (if available), depending on the length of the new stake. For each year you commit to the stake, you will receive a 1% bonus on your principal. This starts at 1% for a 350 days long stake and goes up to 15% for a max length stake of 5555 days.

Accelerate Your Crypto

The Axion Accelerator holds a bonus allocation of 575,000,000 $AXN every day. Once the bonus allocation for the 24 hour period has been expended, new buyers will only get the 5% discount, but not the additional bonus.

Users can wait until the next day when the accelerator resets (around 20:20 UTC) to buy with the bonus.

Certain Axion NFTs with the function "Accelerator Boost" grant a bonus on top of the Accelerator Bonus!

This is Axion's first Utility Class token with a great benefit: When the Diamond Stake NFT is detected in a user's wallet, the Accelerator will automatically apply a 5% bonus on Principal to every Accelerator Bid, allowing you to maximize your Axion allocation whenever you bid. This applies to any accepted token as well as re-investing your wBTC rewards! The Diamond Stake NFT will be the highest percentage boost available in the upcoming Axion NFT store, so get it while you can.

Diamond Stake NFT

Your belief in Axion is as strong as a diamond. You've committed your AXN for the next 5-15 years, and this NFT is proof of your dedication. Revel in the beauty of diamonds as you get a 5% boost on principal with every

In order to buy Axion on or interact with the you must first connect to the Polygon network. By default, your MetaMask wallet is on Ethereum.

Add Polygon To Metamask

The easiest way to add the network is to visit the , and to click on Switch Network from the red warning message:

This will bring up a MetaMask window that asks you for approval to add the Polygon Network to your wallet.

With features like our unique Pledge Engine, Vesting Engine, AMAs with our community, moderator and community support, banner ads running on our platforms, and much more, we are dedicated to making your token launch a success.

Every time you buy AXN in the , you'll earn a Particles NFT with a multiplier of your AXN. Then you can use your NFT in the new Collider for a chance to get a bonus stake with up to 10x multiplier!

Axion Particles NFT

Turn Particles into AXN using the new Axion Collider! Each Particle NFT contains a multiplier for each time you buy AXN in the Accelerator. Each NFT can be redeemed for a chance to get a new bonus stake up to 10x!

Powered by the community

The best way to find someone to help you is to join our . If you just have a question or simply need a quick answer to a question not covered in our Knowlege Base, you can often find community members who are willing to assist you in finding the answers you need.

If you need help from a team member, you can always open a ticket on our Discord server! You can find it under the category General -> Support ticket. Just click on "Create Ticket" to start a private chat with the team.

Head over to to view and manage your portfolio. The staking page gives you an overview of your stakes and you can also create a new stake here with your liquid $AXN from your wallet. The minimum amount to create a new stake is 50,000 $AXN.

Manage Your Portfolio

Here you can also see your liquid dividends and your active, matured and completed stakes.

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Big Pay Days (BPD) are a valuable reward mechanism that was built into the Axion ecosystem to incentivize longer stakes. There are 50,000,000,000 AXN tokens allotted to the Big Pay Days over five years for stakes that are locked for the required amount of days or more. Users that stake at least 350 days will be eligible to receive the first BPD reward allotment, and users that stake at least 700 days will be eligible for the second, and so forth, until the fifth BPD has been released.

The BPD contract holds the Big Pay Day tokens and releases them on the appropriate day(s) based on the stored information and user data within the contract.

The calculations for the amount of tokens distributed across the five BPD’s are:

• 10/29/2021: 10% of the tokens are distributed -> 5,000,000,000 AXN

Imagine if thousands of dedicated crypto investors could get in right at the ground floor of exciting new cryptocurrencies, bringing a mutual benefit to both the investors and new cryptos alike! This is Axion Launch

Axion Launch is a new initiative that pairs Axion’s unique ecosystem of long-term stakers with new tokens grounded in ethical finance. With Axion Launch, Max Stakers get to enjoy the exclusive benefits of curated launches perfect for our community. This is Axion's way of giving back to the investors who have committed to Axion for the next 15 years.

Axion Launch also brings significant benefits to new or existing tokens by bringing in a dedicated group of investors who believe in the long-term value of cryptocurrency - committed enough to stake an investment for 15 years! Axion's community of stable, long-term investors is hugely valuable to new or existing tokens, as it brings with it a different mindset than a typical day trading investor. Axion's Max Shares stakers will be generally more inclined to hold new tokens for long-term growth, which benefits the new launch tokens with a more solid foundation of wallet holders.

Each new partner that joins Axion Launch will have unique requirements that are set during the formation of the partnership, so be sure to check the details and fine print for each Launch. Some Launches may purely be airdrops, some may offer unique bonuses, some may allow for significant discounts over purchase price. The commonality will be that the Launch is only available to Axion's Max Shares stakers, people who have staked the maximum 5555 days.

The long awaited Axion Stake Galaxy NFTs have arrived! For some time now, investors and team members have looked for ways to leverage, move, and otherwise access the value of their stakes for various reasons. With the advent of this long-awaited feature, stakeholders will now be able to mint their stakes into an NFT worthy of their name. With Galaxy NFTs, users will now be able to move their stakes from soft wallets to Ledgers, sell them on Opensea, assign them to a new wallet, and possibly even leverage them as collateral at some future date.

Galaxy Stake NFTs

Galaxy NFTs make it possible for users to now move their stakes from soft wallets to Ledgers, sell them on Opensea, assign them to a new wallet, and possibly even leverage them as collateral in the near future.

The Axion NFT ecosystem is here. Now the world's best staking token is bringing a whole new suite of Utility, Visual, and Community NFTs designed to augment your staking experience.

To date, Axion has released 11 different NFTs. These are all on the Polygon network and available to view at and

All Axion NFTs come with different utilities, benefits, or rarities and are issued on the Polygon Network. Learn more about the different NFTs and how to get them!

Axion is bringing integrity to decentralized finance with our highly secure and fully audited Smart Contracts so your investment future is as secure as Axion itself.

Audits completed by:

Learn more about our security and our internal safety measures here

Securing your investment is of utmost importance for any financial offering, whether a traditional bank or a Decentralized Finance (DeFi) system like Axion.

The process by which individual transactions and your investment balance are secured is vastly different between traditional banks and cryptocurrencies. In a bank, their ledgers are managed and maintained on private servers, created and secured by the banks themselves. While these private servers may offer industry-standard security, they are still controlled by the banks, making them only as strong as that bank’s security measures. These servers make for attractive targets for hackers or criminal organizations, and there have been many cases of bank servers being breached, even if no financial loss was incurred.

Decentralization

With cryptocurrencies, the transactions and balance of your account are decentralized, meaning it is stored on the blockchain network. For those unfamiliar with the concept, the blockchain is a vast, globe-spanning network of computers that process transactions. Each individual transaction is independently verified by thousands of nodes worldwide, making each transaction incredibly secure. With the blockchain, there is no single point of failure, and bank managers do not control the servers, IT support teams, or mandates by government organizations that may introduce changes based on their own political interests. Thus, the blockchain is incredibly secure.

Axion initially launched on the Ethereum blockchain, a time-tested and incredibly well-supported network that allows for the execution of validated code in the form of Smart Contracts. Due to the rising Ethereum price and high gas fees, the Axion overwhelmingly to migrate to the Polygon network.

In addition to the inherent security measures that are standard for all contracts operating on the Blockchain, Axion maintains its own security measures and transparent development that clearly showcases the trust token holders can place in Axion and its Smart Contracts. Many cryptocurrencies may hide or otherwise obfuscate their smart contracts' underlying code and development, allowing for exploits, manipulation, or unethical economies to operate and thrive. Axion pledges to be a fully transparent and ethical cryptocurrency, with all of its developments available to be reviewed, accessed, and understood by anyone.

Axion’s security and transparency measures include:

Independent Smart Contract Audits

Axion’s Smart Contracts have been independently audited four times by professional auditors who specialize in cryptocurrency. These evaluations look through the entire code from start to finish, evaluating it for inconsistencies, loopholes, or exploits that could otherwise be used to damage the Axion ecosystem. All four audits have come back free and clear, and the results of these audits can be found here:

Regular Code Revisions & Updates

In addition to independent audits, Axion’s full-time development team constantly reviews, updates, and manages the code that makes up Axion’s Smart Contracts. The ability to react quickly to community feedback or network problems allows Axion to adapt quickly and efficiently. With Axion’s Layer 2 upgrade, the underlying code could be updated with new features and functionality while still remaining immutable. And with the Axion v3 launch, the entire code was rewritten from the ground up based on actual usage data from our community, creating an even stronger, cheaper, and faster utilization of the network than ever before. This regular and constant development work showcases the underlying health and stability of the Axion ecosystem.

Safeguards on all APIs

Axion maintains industry standard protection on its APIs, ensuring that anyone who accesses APIs controlled by Axion does so with read-only access, preventing unwanted or unauthorized change.

Multiple Pull Request Authorization

Axion’s code database for all its public-facing websites and backends is hosted on GitHub. Whenever a developer changes the code and wants to publish it, this is called a “pull request.” In order for a change in the code to be published to the live public-facing environment, a developer submits a pull request. The change will only be approved when Axion’s other verified developers approve the change. This prevents any bad actors from publishing changes without the team’s consent.

Unit Testing

Development in the cryptocurrency world happens at a lightning-fast pace. It can be easy for developers to focus on implementing a new feature and inadvertently cause issues or incompatibilities with the existing code. Axion employees' Unit Testing in its development allows all Smart Contract elements to be broken into small pieces, or units, to confirm that they are behaving appropriately. On the Polygon test network, the Smart Code is run through a series of tests, with each unit being given a specific input and an expected output. If these units report outputs inconsistent with the expected results, the code is re-evaluated, and the errors are fixed before deployment. This approach allows all areas of the code to be tested for errors regardless of the new feature set.

Multisig Smart Contract Deployment

Similar to the pull request authorization, any changes to Axion’s Smart Contracts require rigorous approval by all developers holding an authorized wallet. This is called a Multisig - or Multi-Signature - approval process. Axion’s Smart Contracts require:

• 4 of 6 approvals for any code deployed to the Main Branch

• 4 of 6 approvals for any code that changes the Smart Contract itself

This means that it takes a majority of the development team to approve any changes, big or small, to the underlying code of Axion. With developers worldwide, many of whom have a significant financial investment in the Axion ecosystem, no unauthorized or exploitative changes will pass majority approval.

These features and security checks are publicly available for viewing and evaluation, aligning with Axion’s pledge to be a transparent and trustworthy investment cryptocurrency.

Axion Launch is a new initiative that pairs Axion’s unique ecosystem of long-term stakers with new tokens.

Past Launches

How does it work?

Each new partner that joins Axion Launch will have unique requirements that are set during the formation of the partnership, so be sure to check the details and fine print for each Launch. Some Launches may purely be airdrops, some may offer unique bonuses, some may allow for significant discounts over purchase price. The commonality will be that the Launch is only available to Axion's stakers of 1 year and over, with the greatest benefit being given to people who have staked the maximum 5555 days.

Users can get an estimation of future staking earnings by using the AxionCalc.

This is accessible at https://calc.axion.network

Simply enter the amount you wish to stake on the first slider. You will see the current dollar value of your selected amount under the 'Initial' heading further down the page.

Then drag the duration slider to see how different stake lengths affect your rewards. 'Longer Pays Better' is a key function of Axions staking mechanisms, as stakers are rewarded with more shares the longer they stake. The shares are used to calculate daily rewards.

The 'Global Share Rate' slider doesn't need to be adjusted.. it is set to the . But you can slide it up, to see how waiting a couple of weeks to stake would give you fewer shares. Staking earlier is always better!

The 'Stake Earnings' section is what you could earn in AXN interest+rewards. These are locked until the end of your stake (its maturity date) unless you perform an early unstake.

The 'VCA Earnings' are the rewards that our VCA auctions pay to stakers, currently 100% wBTC (Wrapped Bitcoin). These rewards are liquid, meaning you can withdraw them at any point during your stake.

If you wish, you can enable the 'Simulate future AXN price' checkbox and drag the slider up. This will simulate the increase in VCA rewards that you get as the price of Axion goes up. It will also adjust the Outcome under Stake Earnings.

* AxionCalc only provides an estimate based on the current pool size. It is impossible to accurately predict the number of rewards you will receive over the term of your stake, as it is based on many variables. For the AXN interest and rewards, it takes into count that your Stakers Share Percentage may drop by up to 80%. For the VCA earnings, it does not, these numbers will be very accurate to start, but over time you may receive fewer rewards unless the price goes up, which will counterbalance this.

We cannot hold any responsibility for miscalculations and reserve the right to update the formula used to produce these estimates at any time.

The Axion Staking Portal can be accessed through this link https://stake.axion.network/

Here you can find

Using the staking platform, users can lock up their Axion in exchange for shares which will earn rewards 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, holdings, and reward pools.

Stakers earn more shares by staking for longer periods of time (much like CDs) in order to accumulate more rewards.

Not only do we pay interest and rewards in AXN, but since the launch of the Accelerator on 1st September 2021, we also pay rewards 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 Polygon network, we actually pay these rewards using wrapped Bitcoin (wBTC), which is essentially the same thing but available on the Polygon network and holds the exact same value as Bitcoin.

We have seen an impressive amount staked so far:

Over 75% of our total supply is staked.

Over 250 Billion AXN staked (~$40 million dollars) Over 150 Billion AXN staked for the max duration of 15.22 years (~$25 million dollars)

Having such a large percentage of our token staked means the price is far less susceptible to large drops.

If you are interested in staking, you can or follow the .

For the crypto-savvy:

Axion is a standard ERC-20 token on the Polygon blockchain. It is not yet on any major exchanges, so it must be purchased either in our accelerator or from the market using ApeSwap. It can be stored in any EVM compatible wallet, but Metamask is required to interact with our staking platform. The token contract address is: 0x839f1a22a59eaaf26c85958712ab32f80fea23d9

For beginners:

Axion is a token on the Polygon blockchain, and you will need a wallet in order to purchase and store it.

Setting up a wallet

To purchase Axion, you will need a MetaMask wallet in order to store it. Please read our tutorial here on setting up your first wallet and how to keep it safe.

Purchasing MATIC

In order to purchase Axion, you first need to have some MATIC in your wallet. If you need MATIC, you can purchase MATIC from a centralized exchange like Coinbase, Binance, or Crypto.com; know as a (CEX), or from a Decentralized exchange (DEX) like ApeSwap or Sushiswap by trading another token from it. You will need to send this Matic to the Polygon network using any supported chain bridges or the official . You can send MATIC directly to the Polygon nework using crypto.com or Counbase among many others.

Purchasing Axion

Now you have a wallet and some MATIC; you are ready to buy Axion (AXN).

You can do this in a number of ways, by taking part in the or purchasing directly from the market using .

What's next?

Now you've managed to purchase some Axion, what can you do with it?

You can keep it 'liquid' by leaving it in your wallet, or you can 'stake' it. By staking it, you you are able to earn additional $AXN over time.

By staking, you lock up your AXN for a selected period of time, up to a maximum of 15.2 years. Over that time, you will earn 8% annual interest, plus daily wBTC rewards from the accelerator which you can withdraw at any time. At the end of your stake period, you can withdraw the principal and interest in one lump sum.

To get started with Staking, take a read of our Staking intro or jump straight to the Staking Tutorial here.

Our staking platform can be accessed at:

Token Contracts

Axion Contract Address

0x839f1a22a59eaaf26c85958712ab32f80fea23d9

USDC Contract Address

0x2791Bca1f2de4661ED88A30C99A7a9449Aa84174

wBTC Contract Address

0x1bfd67037b42cf73acf2047067bd4f2c47d9bfd6

wETH Contract Address

0x7ceb23fd6bc0add59e62ac25578270cff1b9f619

Axion Smart Contracts

Axion Deployer

Others

Accelerator wBTC Balance

OTC-Pool

Treasury

Foundation

Wrapped Bitcoin (wBTC) rewards build up in the staking platform for anyone with an Axion stake. You can leave it to build up in there and withdraw at any time you want to. There is no penalty for late withdrawals, and you can withdraw as frequently as you wish.

Withdraw your wBTC

• Go to the Staking page and scroll down to "My Rewards."

• Click the Withdraw button, and a MetaMask transaction window will open.

• Accept the transaction, and wait until it has been completed. You will notice the numbers reset to 0 once the withdrawal is complete.

• You should now see your wBTC balance in MetaMask.

• If you don't see wBTC in the Assets list, you need to click Add Tokens, search for wBTC and add it. Then you will see your balance.

Metamask shows a lower dollar value for the wBTC than you expected.

This is due to MetaMask only showing three decimal places on wBTC when in fact, there should be eight. Rest assured that your balance is correct, just not displaying in MetaMask. If you check Polygonscan you will see the correct dollar value.

The principle behind Axion’s staking system is to lock the Axion amount for a period of time and convert it into Shares. These Shares are used to calculate your daily interest and rewards over the staking period.

When people talk about the Share Rate, they are most likely talking about the Global Share Rate, as defined in the glossary:

Global Share Rate (GSR): The share rate of the Axion token that converts Axion into Shares during the staking process. The higher the share rate, the fewer shares you receive when you stake.

This rate only ever increases and will never decrease. This way, the people who stake today will always get a better share rate than the people who stake tomorrow.

How does it affect me?

When creating a stake, you will see a Share Rate number as highlighted below.

This number started at 1.00 and slowly rises each day. Basically, creating a stake earlier gives you more shares than people who stake at a later date.

The amount of Basic Shares is calculated by dividing your principal amount to stake, by the Global Share Rate.

Principal / Share Rate = Basic Shares

1,000,000 / 1.1352 = 880,876

So in the example above, a stake of 1,000,000 AXN gets you 880,876 Basic Shares.

Once you create a stake, you are essentially locked in at that Share Rate... as you have traded your AXN for a number of shares based on that GSR.

The rest of your shares are made up of the Longer Pays Better bonus. The longer you stake, the more LPB shares you get. Total Shares = Basic Shares + LPB.

More about the Global Share Rate

This factor is used to control inflation such that the number of shares for a new stake is reduced over time, by increasing the global share rate factor a small amount every day.

It also encourages people to get their long stakes in as early as possible, as they earn more shares by doing so.

A new global share rate update procedure was introduced on February 15th 2021 with a start value of 1.09 and with the current rate of change, an estimate as shown below gives the global share rate value of 1.55 and 2.22 for stakes that start one and two years later.

Notes

The Global Share Rate is actually measured to 16 decimal places, but we only display it to 4 decimals on the staking platform.

Anyone who double-checks my math earlier in this article may notice that 1,000,000 / 1.1352 doesn't really equal 880,876.. it actually equals 880,902. In reality, the real GSR for that example is 1.1352331872897434.

1,000,000 / 1.1352331872897434 = 880,876.291493.

That is how many Basic Shares you would actually be assigned.

With our Launchpad Bounty Program we are encouraging community members to submit potential projects and will be rewarding those members with $250 for any suggestions that are chosen and successfully launched. You will need to do some research on the projects being put forward and not just select any random project, in the hope of it being adopted.

Project Guidelines

• Projects must be launching on Ethereum, Ethereum EVM, BSC, Polygon, Avalanche.

• Projects should have solid fundamentals and long-term aspirations.

• Projects must be ready to launch and not in production or idea stage (close to test-net or main-net).

• Projects should have a Doxxed or semi-doxxed team, which will be referred to SKRT for review.

• Projects can be GameFI, DeFi, Product-as-a-service and infrastructure types

Referral Form

There is a referral form to be completed and as much information as possible must be provided. A failure to complete the form as comprehensibly as possible, may result in the project being discarded.

This is a great opportunity to bring great projects to Axion Launch while rewarding our amazing community for doing so.

Axion has come a long way and without the community, Axion wouldn't be worth anything.

Staking Axion

You can use the Axion staking portal to stake your liquid $AXN here . When you create a stake with liquid $AXN, the liquid $AXN leaves your wallet and is burned. In return, you are assigned a number of Shares, which are used to calculate your daily interest and dividends.

Stakes are assigned to your wallet address. There is no need to create an account, simply connect your wallet and you will be able to access your stakes in the future with the same wallet.

The SUPERNOVA NFT is here, and it's just the tip of the iceberg for Axion's NFT plans and how it will play a pivotal role in the World's Best Staking Ecosystem. Harness the power of a Supernova with Axion's new NFT featuring some fun perks!

Supvernova NFT

Unlock the sun with the Supernova NFT from Axion, enabling a unique visual experience on Axion's Staking Portal, along with a dedicated Supernova tag on the Axion discord.

The Phoenix NFTs were featured as part of the Axion Summer Stake advertising campaign. All qualifying stakes during this month-long period got an opportunity to win either a Laptop, iPad or Smart Monitor, as well as the Summer Stake benefits through the Phoenix NFT!

Phoenix NFT

Phoenix NFTs will provide a 2-4% Axion staking bonus on future staking activity, based on the amount of a single stake during the promotional period. Phoenix NFTs will be available to use at the end of the Summer Stake competition, and can also be combined with Diamond NFT bonuses for 6 months.

When you interact with the Axion Smart Contract, you are - in essence - creating a contract with yourself. You are turning your AXN into Shares for a period of time, and then when that time is complete, you withdraw your shares and turn it back into AXN, including any rewards or bonuses paid out by the auction system. However, in the event that you want to gain access back to your staked investment, the Smart Contract has a feature called Early Withdraw. This allows you to break the contract early and withdraw a portion of your investment. But be warned: breaking your contract early comes with penalties.

Core to Axion's ecosystem is its long-term staking, so in order to incentivize all stakers to keep their investment secure within the ecosystem, a penalty system is implemented for all Early Withdrawals. The amount you are penalized is proportional to the completion of your staking term. So, for example, if you created a stake that lasted for 100 days, and you want to withdraw early at day 35, then you would be only 35% of the way through your term. Thus, only 35% of your staked AXN (principal + interest) would be available to be withdrawn back into your wallet, and 65% of your AXN (principal+interest) would be penalized. All penalized AXN is then distributed into the next day's auction system, available for bidders. If you were 90% of the way through your term, then only 10% would be penalized, etc.

This penalty does not apply to any Bitcoin rewards you have received from the ; those are yours to withdraw and spend at any time. If you do choose to withdraw any active stakes, those stakes immediately stop earning interest, and Bitcoin rewards.

A Security, , is as follows:

The term "security" refers to a fungible, negotiable financial instrument that holds some type of monetary value. It represents an ownership position in a publicly-traded corporation via stock; a creditor relationship with a governmental body or a corporation represented by owning that entity's bond; or rights to ownership as represented by an option.

Securities are determined by the , a test that defines what U.S. Federal Securities Laws apply to, administered by the SEC. Under current interpretations of the Howey Test, Staking cryptocurrencies like Axion are exempt from consideration as securities.

For an in-depth breakdown of how staking cryptos are exempt, here is an excellent writeup from the Blockchain Association:

It is important to understand what it means when you interact with the Axion contract. This segment is an excerpt from the Axion Disclaimer page available on our website:

Axion.Network Milestones

• Axion launched on November 12th, 2020, so our ecosystem is now over two years old.

DAO is an acronym of 'Decentralized Autonomous Organization'. This is a group of people or organizations that are unified in purpose such that they act as one organizational body.

This DAO gives Axion holders a chance to vote on prominent changes to the Axion ecosystem. Qualified holders (depending on the stake duration and amount) will submit their votes by signing a free transaction in their MetaMask wallet on the Axion DAO.

Visit to view previous votes and results.

Users will need to press the Connect Wallet button to connect the wallet holding their stakes, in order to place their vote. On a mobile, the Connect Wallet is a small icon at the top of the page, accessible through the menu icon on the top right.

Once your wallet is connected, you can select a vote option and click Vote.

A Confirm Vote window will open, showing you your voting power (how many of your shares qualify for voting).

LEGAL DISCLAIMER

The information provided on the Axion website, the Staking platform, and the Axion Knowledge Base does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Axion, the Axion Foundation, and its development team do not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions. By purchasing AXN, you agree that you are not purchasing a security or investment and you agree to hold the team harmless and not liable for any losses or taxes you may incur. You also agree that the team is presenting the token "as is" and is not required or obligated to provide any support or services. You should have no expectation of any form from Axion and its team. Although Axion is a community-driven DeFi (Decentralized Finance) token and not a registered digital currency, the team strongly recommends that citizens in areas with government bans on Crypto do not purchase it because the team cannot ensure compliance with your territories regulations. Always make sure that you are in compliance with your local laws and regulations before you make any purchase.

RISK DISCLOSURE

Please note there are always risks associated with smart contracts. Please buy, stake, or sell at your own risk. Axion, the AXN Token, and the Axion Foundation is not a registered broker, analyst or investment advisor. Everything that Axion provides on this site is purely for guidance, theoretical, informational, and educational purposes. All information contained herein should be independently verified and confirmed. We do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services. Please be aware of the risks involved with any trading done in any financial market. Do not trade with money that you cannot afford to lose. When in doubt, you should always consult a qualified financial advisor before making any investment decisions.

USING AND INTERACTING WITH AXION

It is important for all investors to understand that Axion is not a security. When Axion talks about the “coins” or “tokens” that investors can purchase, there are no physical coins with inherent monetary value, they exist purely as numbers held in a distributed worldwide database. No person is given anything tangible or representation of a tangible item. Anyone can execute the code that comprises the Axion Smart Contract on their own - as an individual - that, in its essence, changes a set of numbers in a counter on a database.

The Axion Smart Contract code is only able to edit these specific values on the distributed database by valid key holders who have authorized and signed a cryptographic message. Any person can run different code that changes different variables on a database if they like. Interacting with the Axion Smart Contract only edits a specific series of values in this distributed database, while other code edits other values on the same database that is not affiliated with Axion.

Axion does not promote or utilize a common enterprise. Each person is an individual investor that interacts with the Axion Smart Contract on an individual basis, representing their own interests. There shall be no expectation of efforts of a promoter or third party to generate profits. There is no expectation of profit from the work of others. Individual investors pay the Ethereum network to execute code of their choosing on an individual basis. The results of this executed code are saved in immutable blocks that exist on the Ethereum blockchain, a distributed ledger of information comprised of unique blocks, which store the results of the transactions executed by individuals. The results stored in each block are inherently unchangeable numbers existing on the Internet. The code cannot do anything on its own, other than change numbers in this internet database. Anyone can choose to run this code, or not. If someone chooses not to run the code, the numbers on the database will not be changed. If someone chooses to run this code but then never runs the code again, the database will not be changed. If someone chooses to run this code regularly, then the result in the database will only be modified as the code allows, and will then remain unchained until the code that interacts with this specific database is executed again. The code and the numbers on the database that it modifies have no inherent value, financial or otherwise.

Individual investors generate their own cryptographic keys to validate that they can add or modify the values on the database that are unique to them and them alone. Axion does not generate unique keys for investors to use, or hand out these kinds of keys. A person is wholly responsible for their own keys, and the code that they chose to run that modifies values associated with their unique keys.

When Axion offers bonuses or incentives, they do not take, remove, or modify anyone’s database values. The bonuses are generated through the Smart Contract Code that adds or subtracts more or less database values based on the underlying math associated with a bonus or incentive. These bonuses or incentives do not hold any value, other than the proportion to which the code modifies the individual’s database values. Each person can choose whether or not to execute the code associated with the bonus or incentive on an individual basis. No values will be automatically edited.

Cryptocurrencies, the Ethereum Blockchain, and its Smart Contracts are fundamentally complex. The code that comprises the network, and the Smart Contracts that are executed within it, are compilations of decades of work in computer science, mathematics, economics, cryptography, and more. It can be incredibly difficult for an individual to understand the nuances of cryptocurrencies and why and how they work. It is, however, important to understand the risks associated with executing code on the network. All users are advised to do their own research in order to maintain a healthy and well-grounded approach to cryptocurrencies and how they run and operate.

It is important to understand that any person who interacts with cryptocurrencies is acting as an individual and maintaining whole responsibility for what they do on the network. The great freedoms offered by cryptocurrencies can also be its greatest weakness, in the sense that all users are acting on their own, and wholly responsible for any and all transactions, interactions, and executed code they choose to operate. With great freedom comes great responsibility, and each person assumes this responsibility wholeheartedly whenever they interact with cryptocurrencies.

In all technologies, especially cutting-edge internet technologies like cryptocurrencies, there is a risk of total failure, however small and remote it might be. Designing and developing software to run on computers is a difficult task. Designing software to run on a decentralized global network is many orders of magnitude more difficult. There is a natural level of operating within great unknowns that are a part of any new technology. Many developers who build code to be run on the network may not fully understand the core infrastructure that allows their software to run, in the same way that a driver of a car does not understand the inner workings of the combustion engine when they drive. As such, there are opportunities, as remote as they might be, for potential exploits or points of failure that no one has thought of or designed around yet. Core components of cryptocurrencies, such as the cryptographic security that forms the underlying foundation of the network, seem at this time unlikely to be broken. But if ever an exploit is found, then it is highly likely that everything will completely break. In this event, there will be no support desk or government organization to recover what was lost. This is another one of the inherent risks that any person assumes when they invest in cryptocurrencies.

An individual can choose to run the code that edits the database on their own machine or pay someone else to run the code for them. The choice of the code is entirely up to the individual. The individual pays a fee in the form of Ether for the code to be run, and the code itself is pulled from the Contract Address, which is a series of unique numbers and letters that points to the location of the database editing software. From this Contract Address, the software is loaded and then executed, and the cost for running this software is paid from the individual to the code validators on the network in the form of Gas, measured in Gwei, a fraction of Ethereum (ETH).

Axion does not transfer coins from one wallet address to another whenever you interact with the Smart Contract. Transferring coins from wallet to wallet is commonly known as an ‘airdrop’. Individuals mint their own coins whenever they interact with Axion’s Smart Contracts in the form of bidding into the auctions. When you enter Axion’s auctions, you convert ETH into AXN at a set time, and then later mint the amount of AXN coins equal to your bid into a staking contract. If an investor chooses to buy Axion on Uniswap, they are merely choosing to exchange their ETH for someone elses’ minted Axion, not from a wallet source that Axion owns, maintains, or controls. Axion is able to offer bonuses or incentives by adjusting the amount of AXN you mint when you enter into its auctions. This is done by adjusting the calculations in the code that you chose to run when you interact with Axion’s auction systems. The same system applies when you convert your AXN into shares. Shares are not transferred from a wallet or pool that Axion owns into your wallet. Shares are created as numbers in a database assigned to your unique wallet address, and the AXN you minted is ‘burned’ or removed entirely from the supply. When your stake completes or if you perform an early withdrawal, the amount of shares you own is reversed and new AXN is minted by the code you run and assigned to your wallet.

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As of November 29, 2022, the final Accelerator distributions are in place. Those ratios have been adjusted and finalized to immortalize the contract.

How Does This Impact Axion?

Here is an example of a $2000 buy in the Accelerator (current price)

After you have minted or bought a Galaxy NFT you can use it like any other NFT. Have in mind that any $BTC rewards accumulated over the time of holding the NFT will not be transferred over since these are tied to the wallet holding the Galaxy Stake.

Using Opensea to Transfer your NFT

Head over to and connect your wallet. Here you should be able to see all the NFTs you are currently holding. Click on the Galaxy Stake NFT you want to transfer to a new wallet.

From here you have several options. Here you can view the details of your NFT and access the statistics of your NFT, such as the amount of $AXN and the shares held.

To transfer the NFT to a different wallet, click on the Transfer icon on the top right.

This will open a new site where you have to enter the new wallet address. Have in mind that NFTs sent to the wrong address cannot be recovered! After clicking on Transfer a MetaMask windows will open to confirm the transaction.

Now that it has been confirmed on the blockchain, the Galaxy Stake NFT will start collecting rewards for the new wallet.

Buying Axion has never been this easy! There are multiple ways to buy $AXN. You can either buy and stake Axion directly through the Accelerator or use ApeSwap to buy or sell $AXN!

If you don't have a hardware wallet yet, it's strongly recommended that you invest in one, as it keeps your crypto much safer than a software wallet alone.

Initial Setup

1. Download Ledger Live from

Address

A string of characters and numbers that represent a destination where crypto can be sent to or from.

AltCoin

A term used to define all crypto assets other than Bitcoin. Alt simply stands for Alternative.

ATH

All-Time-High - An acronym referring to the all-time high price of an asset.

ATL

All-Time-Low - An acronym referring to the all-time low price of an asset.

Arbitrage

Purchase and sell the same asset in different markets to profit from price differences.

Audit

Comprehensive analysis of code with the intent of discovering bugs or security breaches. Audits can also be done for the economics or legal aspects of a project

Bitcoin

Founded & released in January 2009, Bitcoin is the first digital currency of its kind & ground zero for the entire crypto world as we know it. You can earn Bitcoin simply by staking Axion!

Block

A block is a data file used for recording and storing permanent transactions pertaining to a specific network. A block records some or all of the most recent transactions in chronological sequence. This data is a permanent record such that a block acts like a page of a ledger or record book. Once a block is filled a new block is added which ensures that once written, the records cannot be altered or removed. A block can be thought of as a link in an ever-growing chain of cryptocurrency transactions that are collectively known as a blockchain.

Block Height

A numeric representation showing the number of the current block being hashed.

Blockchain

A blockchain is a type of database or ledger, that is stored electronically on a computer system in the form of data files called blocks. These blocks allow for the sending and receiving of cryptocurrency transactions. These blocks are strung together in a “chain” comprising millions of blocks that are constantly being added as transactions are processed. The blockchain is decentralized allowing public access to the data that is freely accessible to anyone and beyond the reach of a single controlling government, agency, or group.

BPD - BigPayDays

Big Pay Days are a valuable reward mechanism that was built into the Axion ecosystem to incentivize longer stakes. There are 50 billion AXN tokens allotted to the Big Pay Days over five years for stakes that are locked for the required amount of 350 days or more.

BuyBacks

Token BuyBacks are a function of our auction contract. When someone bids ETH into our auctions, a portion of that ETH is instantly used to purchase either AXN or wBTC from Uniswap, which is then used to reward stakers.

Centralized

Something that is controlled by a single authority or managed in one place. Examples of centralized finance include banks and Federal Reserves or centralized data like that owned and managed by big tech companies.

CEX

Centralized exchanges most commonly facilitate trades between users by maintaining an order book: a collection of buy and sell orders posted by individual traders. Orders are requests to buy or sell a certain amount of a specific cryptocurrency at a certain price. CEXs aggregate orders from their users and then use special software to match and execute the corresponding buy and sell orders.

Cold Wallet

Used to describe a cryptocurrency wallet that is not connected to the internet, and thus cannot be used to process transactions without first being reconnected (and turning into a “hot wallet”). Cold Wallets are more secure and less prone to unauthorized use.

Confirmation

In the blockchain, all transactions must be validated by 6 or more independent nodes in order to be considered “confirmed.” This validation process proves that the action was truly intended by its submitter, preventing unauthorized transactions from being posted to the blockchain.

Consensus

A consensus is a fault-tolerant mechanism that is used in the blockchain to achieve the necessary agreement amongst all the decentralized processors that are computing transactions for the network. Simply put, all nodes must agree on verified transactions, reaching a consensus.

Cryptocurrency

A form of digital currency that is secured by cryptography, making it nearly impossible to counterfeit due to the resiliency and distributed ledger that is called the blockchain. Axion is a type of Ethereum-based cryptocurrency.

DAO

Decentralized Autonomous Organization. A DAO is a group of people or organizations that are unified in purpose such that they act as one organizational body.

DAPP

Decentralized APPlication. A DAPP operates in such a way that it is not tied to a central governing application or database. Its main benefits are immutability, accountability, anonymity, bandwidth, and the user maintaining total control over their personal data.

Decentralized

Owned by no one entity, government, organization, group, person, or community. Ownership is spread out to anyone and everyone wants to join. True decentralization is possible with cryptocurrencies.

DeFi

Decentralized Finance. Meaning no one entity like a bank or government can control or have access to an individual’s finances.

Deflation

Deflationary items are limited in supply and thus high in demand, resulting in an upward price/valuation movement.

Degen

Shorthand for Degenerate. Degen trading or Degen mode is when a trader does trading without due diligence and research, aping into signals and FOMO into pumps. A Degen Trader does not know about metrics like FDV or TVL, nor do they care. They will buy because the asset logo looks cute, or because the slogan is memorable, or because some twit-famous anime girl on the internet says she's looking into crypto, and the first two shill comments get more likes than others. Essentially, a degen trader buys into an asset not because they see the value, rather they do so with the belief that others will join in after them and speculate on the price swings.

DEX

Decentralized EXchange. DEXs allow cryptocurrency holders to exchange with each other directly, on a peer-to-peer basis, without needing to trust an intermediary or centralized exchange to create the transaction.

Discord

A chat platform where most of the Axion community is based. Head to to join.

DLT - Distributed Ledger Technology

DLT refers to the technological infrastructure and protocols that allow simultaneous access, validation, and record updating in an immutable manner across a network that’s spread across multiple entities or locations.

DM

Direct Message. A message that is sent directly from one user to another on a messaging application such as Discord.

DYOR

A non-crypto slang that is often used in the crypto community when investors were frequently getting scammed by illegitimate ICO projects. DYOR was used to remind investors that they are responsible for their own investment decisions.

ERC-20

ERC-20 tokens are a type of cryptocurrency written for and running on the Ethereum network. Axion is a type of ERC-20 token.

ERC-721

ERC-721 tokens are smart contracts used primarily to verify the “digital uniqueness” of the piece of data it holds, such as a picture. Used primarily for NFT’s.

ETH - Ethereum

Ethereum (shortened to ETH) is the second-largest cryptocurrency following Bitcoin based on market capacity. It was released in July of 2015 and gained widespread adoption due to its ability to run code on the blockchain in the form of “smart contracts.”

Fiat Currency

Fiat currencies are currencies that are backed by political/governmental institutions and reinforced by their global trading strength. Fiat currencies are primarily used to pay for goods or services and are centralized around the governments that control them.

FOMO

Fear Of Missing Out. The phenomenon by which someone will choose to participate (or invest) in something, not because of sound reasoning or logic, but because they feel they will “miss out” if they do not participate. FOMO often leads to regret.

FUD

Fear Uncertainty and Doubt. It is used to refer to very dark and unsettling times regarding the future of something. Someone who spreads FUD (FUDding) is often doing so without any supportive evidence or the ability to back up their claims and is often just spreading rumors with the purpose of discouraging others.

Gas

Gas refers to the method of payment (often in fractions of a token) that is given to the processing nodes that are computing transactions on the blockchain. Also referred to as Network Fees, the price by which you pay to have your transaction processed on the network.

Gas Limit

The gas limit is the maximum amount of Gas that a transaction will consume before ‘failing’, used as a safeguard to make sure that a user does not spend more on Gas than they would like.

GitHub

A digital repository and code hosting platform for software that allows for version control and collaboration. Here is Axion’s GitHub.

GSR - Global Share Rate

The share rate of the Axion token that converts Axion into Shares during the staking process. The higher the share rate, the fewer shares you receive when you stake.

GWEI

Gwei is a very small unit of the Ethereum network’s Ether (ETH), represented as 1 Billionth of an Ether. Gwei is a useful unit to measure network transaction fees, also known as Gas.

Hardware Wallet

A hardware wallet is a special type of cryptocurrency wallet which stores the user’s private keys in a very secure manner, preventing these private keys from being hacked or stolen. A transaction cannot be submitted to the blockchain without first being authenticated by the hardware device itself, preventing fraud or unauthorized use. See Ledger or Trezor.

Hash

A hash is a function that converts an input of letters and numbers into an encrypted output of a fixed length. A hash is created using an algorithm and is essential to blockchain management in cryptocurrency.

HODL

An intentionally misspelled version of HOLD, often referred to colloquially as someone who invests with no intention of selling, no matter how high or low the price fluctuates.

Hot Wallet

A hot wallet is a tool that allows a cryptocurrency owner to receive and send tokens by remaining connected to the internet, unlike a cold wallet. They are inherently less secure because they can be accessed via the internet itself.

ICO

An ICO is a method used to raise funds for a cryptocurrency conducted on the project owner’s website.

Before the ICO, the project team behind a cryptocurrency will publish a whitepaper explaining the concept of the project. Potential investors can read the whitepaper and evaluate the project before investing. A whitepaper serves the same function as a prospectus published before an IPO.

IDO

An Initial DEX Offering (IDO) is a crowdfunding technique that allows cryptocurrency projects to launch their native token or coin through a decentralized exchange (DEX). The IDO model is the infamous successor to ICOs, which allows projects to launch on their own to raise money for growth and development.

Unlike ICOs, IDOs offer projects a quick and affordable way to distribute their tokens and raise funds while providing investors with a higher level of . Furthermore, most IDOs require participants to sign up in advance by joining the whitelist via a website or social media platform. The Axion Launchpad offers IDO launches.

IEO

Like an ICO, an IEO is another fundraising model. However, IEOs take place on controlled cryptocurrency exchanges.

The project owner seeks out a cryptocurrency exchange that will list their coins. A coin listed on a well-known exchange gives potential investors a certain degree of confidence. However, a project seeking to secure a listing on a large exchange will be significantly more expensive. The exchange takes a listing charge and even a portion of token sales.

IGO

An IGO is a fundraising model for cryptocurrencies and tokens in the NFT gaming space. IGOs take place on launchpads like Gamestarter (GAME) and Gamefi (GAFI).

Before the public has access, IGO investors will have access to newly issued tokens. This method has the same rewards and risks as purchasing newly released cryptocurrencies and tokens. Although a user can purchase the coin at a highly attractive price, there are no guarantees of how much it will rise in value once it is made available to the public.

Immutable

Not susceptible to any altercation, change, manipulation, or editing after its original creation. In the blockchain, once a block is processed, it is immutable and thus cannot ever be changed. This is why transactions on the blockchain are permanent, meaning they cannot be erased or undone. Because of this, it is always good to verify transactions before submitting them to be processed! The Axion Token Contract is Immutable.

Impermanent Loss

When one of the assets in a liquidity pool goes up in value compared to the other, the dollar value of the assets provided by a liquidity miner is lower compared to just holding the initial deposit. If one of the assets doubles in price while the other stays the same, the impermanent loss is around 5.7%.

Inflation

An increase in the price level of a good relative to its economic standing. When the general price level rises, each unit of currency buys fewer goods and services and thus becomes weaker over time.

Interest

Interest, represented in % APY (or Annual Percentage Yield) is the amount your investment is paid back over time.

KYC

Know Your Customer. A set of rules laid out by the government for companies to obtain a certain amount of information from their participants, used for fraud and tax detection.

Layer 2

Also called a second layer; it is a protocol that is built on top of another protocol in order for operations to be performed to the first layer, or manipulate the parameters of the first layer from within the second layer. Layers can continually be added, though they tend to become more complex with each additional layer.

Ledger

Ledger is a type of Hardware Wallet used to store cryptocurrencies in a highly secure manner. With a Ledger, transactions must be approved by physically clicking buttons on the device itself, which ensures that hackers cannot withdraw cryptocurrency without access to the physical device and its protective password.

Liquid

When used in the sense of ‘Liquid BTC’, we mean this BTC is available to withdraw or spend immediately, it's not staked.

Liquidity

Liquidity is the ability of a coin to be easily converted into cash or other coins. Axion uses significant liquidity stored on an exchange like Uniswap to allow for simpler transactions and price stability. Liquidity also represents the health of the token, the more liquidity the more there is available for trade.

Liquidity Mining

Also known as “software mining,” where network participants can submit their liquidity in the form of contributing equally matching ETH and AXN to the Uniswap liquidity pool, in return for real-time bonuses in AXN tokens.

Longer Pays Better

A core component of the Axion token, Longer Pays Better means that an investor will get significantly more return on their investment (ROI) in the form of higher APY and Bitcoin rewards by staking their investment for as long as possible, up to a maximum of 15 years. The longer the stake, the greater the shares an investor receives, thus the better rewards.

Mainnet

Mainnet is when a blockchain protocol, such as Ethereum, is fully developed and deployed, allowing real transactions to be broadcast, verified, and recorded on the blockchain.

MetaMask

MetaMask is a type of software hot wallet that allows for easy trading, swapping, and integration into websites that allow for wallet addresses to be read. MetaMask does not store cryptocurrencies for you, it merely allows you to load or generate secret keys into the software that are then read by or submitted to the blockchain.

Mining

Mining is the process in which computing nodes compete with each other to verify and publish transactions on the blockchain. A successful transaction process yields payment to the node that was the first to process the transaction block to the blockchain. Often called the “block reward.”

Mutable

Opposite of immutable. Meaning it is liable or susceptible to change by being edited, adjusted, or otherwise manipulated. Mutable blocks on the blockchain would mean transactions could be reverted at best, or at worst the funds in question could be redirected to an unauthorized address.

NFT

Non-Fungible Token. An NFT is a unit of data on the blockchain where each NFT can represent a unique digital item and thus are not interchangeable. NFTs can represent digital files such as art, audio, videos, items in video games, and other forms of creative work.

Node

A computer/device that connects to a cryptocurrency network and helps strengthen the network’s resilience by adding its processing power to the overall group.

Nonce

A number only used once. A pseudo-random number, generated in order to satisfy the parameters required by the mining and hashing algorithms as a part of the security check.

Open Source

Software or protocols that are available to the public at no cost and can be used by anyone.

Overbid

Once our auctions have ‘sold out’, if more bids are placed and the price becomes higher than simply buying on Uniswap, we class the auction as ‘overbid’.

Paper Wallet

A very secure way of storing crypto in a wallet that is stored “offline” by writing the secret keys down on a piece of paper and unloading those keys from any software or hardware wallets until they need to be used again.

Passive Income

Income that is generated passively, without any doing on the investor’s part. Healthy passive income should be the desire of any investor, such that enough passive income generation means never having to work at a job!

Penalties

The fees or deductions from the value of a stake that has not been withdrawn within the withdrawal period (typically 2 weeks).

Private Key

The private key is a specific string of words that is used to unlock a crypto wallet. Think of a private key as the key to a house. Whoever has the key can enter the house and add or remove any items from the house that they wish. Just as you would not share your home key with a stranger, Private Keys should be treated with the utmost caution and should NEVER be given away to anyone, and should especially not be photographed or otherwise stored on a computer. Write a private key down on multiple pieces of paper and store

Proof of Stake (PoS)

Proof of stake is a type of consensus mechanism by which a cryptocurrency blockchain network achieves distributed consensus. In PoS-based cryptocurrencies, the creator of the next block is chosen via various combinations of random selection and wealth or age vs sheer processing power in a Proof of Work (PoW) type of consensus.

Rewards

Rewards are what you earn from Staking Axion, in the form of more AXN or even wBTC (Bitcoin).

Ropsten

Ropsten Ethereum, also known as “Ethereum Testnet” is a testing network that runs the same protocol as Ethereum but is used for testing purposes before deploying on the main network (Mainnet).

Satoshi Nakomoto

The mysterious pseudonym/entity that created and released the first iteration of Bitcoin, Blockchain, and Distributed Ledger technology to the world.

Satoshi

In honor of Satoshi Nakomoto, a Satoshi is the most micro-unit of splitting a bitcoin, representing 0.00000001 of a Bitcoin.

Scamcoin/Shitcoin

A colloquial terminology used to refer to crypto projects that are either poorly constructed, scammy or fraudulent, dead-end investments, or fakes. It is generally advisable to avoid or ignore these types of coins.

Shares

Shares of ownership of Axion, given in exchange for Axion tokens. Shares generate interest and produce rewards in the form of Bitcoin and are proportionally distributed based on the amount of Axion staked and the duration of the stake term.

Slippage

Slippage is the difference between the expected price of a trade and the executed price of that trade. It is more likely to happen when there is a higher level of volatility, such as breaking news that forces unexpected trends in the market.

Smart Contract

Smart Contracts are the product of software that is run on the blockchain itself, resulting in an unalterable agreement that has specific logic operations akin to a real-world contract. Once signed, it can never be altered. Smart Contracts are easily verifiable and authenticated because of their persistence on the blockchain.

Stakeholder

Someone who has an active stake in Axion (represented by a number of Shares)

Stakers Share Percentage (SSP)

The Share Percentage is how much of the Share Pool you own. If the pool has 1,000,000,000 shares in it, and you own 10,000,000 shares yourself, you own 1% of the Share Pool.

Staking

Where AXN investors utilize their AXN tokens to earn shares by executing time-locked deposits, which in turn awards rewards over a period of time.

Technical Analysis (TA)

Examining and predicting price movements in the financial markets, by using historical price charts and market statistics.

Testnet

An online ecosystem (such as the Ropsten test network) where developers can freely interact with the code of a blockchain to experiment around with it before launching to the Mainnet.

Token Protocol/Token

Tokens are a framework that bridges the physical and digital realms of value. ERC-20 tokens, for example, allows for interaction + access with Ethereum’s decentralized DAPP ecosystem, carrying both value and processing components all on the blockchain.

Tokenomics

A combination of Token and Economics. Used to address the metrics and token role within its ecosystem.

Total Supply

The absolute maximum amount of a cryptocurrency that can be produced or “minted.”

TradFi

Refers to Traditional Finance and traditional concepts related to our current banking systems throughout the world.

Transaction - TX

The fee (often referred to as Gas) a user pays to have their transaction processed. By paying miners to process a transaction, it ensures security and competitiveness to the ecosystem that keeps it ever developing and ever supported. The network would fall apart without gas fees due to the immense power requirements needed to process transactions.

Transaction ID - TxID

The unique ID that is assigned to a transaction. The TxID is used to access a specific transaction block and the information it holds. When submitting a transaction on MetaMask, a TxID is generated, allowing a user to check the status of the transaction on a website such as etherscan.io.

Trezor

Trezor is a type of Hardware Wallet used to store cryptocurrencies in a highly secure manner. With a Trezor wallet, transactions must be approved by physically clicking buttons on the device itself, which ensures that hackers cannot withdraw cryptocurrency without access to the physical device and its protective password.

Uniswap

Uniswap is a popular decentralized automated market maker, allowing users to interact with its liquidity pools to trade many types of Ethereum-based tokens for other tokens.

VCA - Venture Capital Auction

VCA auctions are special events in the Axion ecosystem happening on Tuesdays and Fridays where 1 Billion Axion tokens are available to buy. All investors who participate on those days immediately get 10% of their bid returned as liquid Bitcoin, with 85% of the auction value being distributed to active stakers as Bitcoin.

Wallet

The digital equivalent to a real-world wallet used to store cryptocurrencies. Readily available software allows users to store their cryptocurrencies on the blockchain and be accessed through their crypto wallet. Wallet types vary, including types like paper wallets, web wallets, desktop wallets, hardware wallets, and mobile wallets.

wBTC (tokenized Bitcoin)

Wrapped Bitcoin (wBTC) is an ERC-20 token that represents Bitcoin (BTC) on the Ethereum blockchain. Ethereum and Bitcoin are not compatible tokens as they run on entirely different types of networks. So wBTC allows Bitcoin to enter the Ethereum network and be used in Ethereum wallets, dapps, and smart contracts.

Whale

The term used to refer to an investor who carries a very high net worth of crypto. A whale typically owns sufficiently enough of a cryptocurrency such that their decisions as to what to do with it on the open markets would directly and noticeably impact the assets trading price should they sell or buy. Whales generally move into and out of crypto projects in very noticeable ways.