Introduction and My Review of the Axiome Project
In the modern world, financial technologies are evolving at an incredible pace, and one of the most significant achievements in recent years has been the concept of decentralized finance, or DeFi. These technologies open up new horizons for managing and multiplying capital, making financial services accessible to all who wish to participate.
Axiome is an innovative decentralized financial ecosystem designed to provide users with the ability to safely and efficiently manage their cryptocurrency assets, earn high yields, and participate in the development of advanced financial technologies. In this article, we will take a detailed look at what Axiome is, how it works, and what new opportunities it offers to its users. Before delving into the main article, I would like to share a brief review and my opinion on the Axiome project.
I appreciate how the Axiome team approached the creation of their project. They have developed innovative solutions that allow the community to earn high yields while mining new tokens, while minimizing the risks of hyperinflation.
In most cryptocurrency projects, staking yields range from 4-15% per year. This is a decent figure, but it does not incentivize staying in the project for many years. Such percentages only allow for compensating for inflation.
Axiome Tokenomics
I always carefully analyze the tokenomics of projects before getting involved with them. Initially, I was concerned about the high issuance rates of new AXM tokens. However, upon delving into the documentation, I found a unique solution that I had not seen anywhere else.
What is the unique solution?
Instead of traditional methods such as halvings or reducing APR, Axiome has implemented a floating delegation reward rate. If 85% of the mined tokens are staked, the rate is set at 20% per month (240% annually). However, if the staked token ratio drops to 55% and below, the rate decreases to 1% per month (12% annually). Thus, the community itself controls the token issuance rates.
Token Burning Mechanisms
Axiome also employs three token burning mechanisms to reduce the circulating supply of tokens. These mechanisms work in conjunction with the floating reward rate, helping to stabilize the project’s economy. When there are too many tokens, mining slows down, and vice versa. I’ll delve into these mechanisms in more detail below.
Thanks to such innovative solutions, Axiome empowers its community to autonomously regulate the delegation reward rate. This makes the project unique and attractive for long-term participation, ensuring its stability and success. Now, let’s go through the key concepts of the project and what it represents. To begin with, let’s define what Axiome is.
What is Axiome?
Axiome is a decentralized financial ecosystem (DeFi), built on its own blockchain called Axiome Chain. The project aims to create a sustainable and transparent financial system that provides users with the ability to manage their assets, earn high yields, and participate in the development of innovative financial technologies.
Project Mission and Goals
Axiome’s mission is to create a scalable and stable DeFi ecosystem that allows AXM coin holders to continuously increase their rewards through staking and participation in various projects. The main goals of the project include:
- Building a Modern DeFi Ecosystem:
Bringing together trending DeFi products to create a comprehensive and efficient financial platform.
- Increasing the Value and Utility of the AXM Coin:
Continuously improving the economic model, including burning mechanisms and floating reward rates, to maintain stability and increase the coin’s value.
- Attracting and Retaining Users:
Utilizing partnership programs to expand the user base and incentivize active participation.
- Stimulating Growth and Development of New Projects:
Providing new projects with access to a loyal audience from day one and sharing the generated rewards with them, adding value for all ecosystem participants.
Axiome aims to create an ecosystem where every AXM holder can earn income not only in AXM coins but also in tokens of new projects, increasing their assets through delegation and active participation in the platform.
Key Components of the Axiome Ecosystem
The Axiome ecosystem consists of several key components, each playing an important role in ensuring its sustainability and effectiveness. Let’s explore them in more detail.
AXM Token
The primary cryptocurrency of the ecosystem is the AXM token. The AXM token serves as the primary means of exchange and payment within the Axiome ecosystem. It is used for paying network fees, accessing various platform services and solutions, as well as for staking and delegation purposes
To maintain the value of the token, burning mechanisms are implemented, which reduce the total number of tokens in circulation. This includes burning a portion of the tokens from network fees and upon undelegation. More details about these mechanisms are provided in the project’s guide and on its Instagram page
The initial supply is 17,000,000 AXM, with a maximum supply of 3,000,000,000 AXM. New coins are only minted as rewards for delegation, which controls inflation and maintains the token’s value.
Delegation and Validators
- Delegation Mechanism (DPoS):
AXM token holders can delegate their coins to validators who confirm transactions and support network operations. This ensures the stability and security of the network.
- Delegation Rewards:
Users delegating their tokens receive rewards in the form of new AXM tokens and a portion of network fees. Rewards can reach up to 20% per month, making staking in Axiome highly attractive.
Partnership Program
Scaling and User Acquisition:
The partnership program aims to expand the user base and attract new users. Participants in the program receive rewards for delegating tokens by invited users up to 14 levels deep.
Leadership Bonuses:
Additional bonuses are provided to active participants who attract a large number of users.
Leadership bonuses are distributed among the top participants of the program every week.
NEXDEX Exchange
Decentralized Perpetual Futures Exchange:
In 2024, the launch of NEXDEX, a decentralized exchange supporting professional futures trading, is planned. The exchange will be linked to the Axiome Chain via the IBC module.
Distribution of Trading Fees:
50% of all trading fees collected on NEXDEX will be distributed in USDT among AXM delegators every week. This creates an additional source of income for ecosystem participants.
How Does Axiome Work?
Staking and Delegation Mechanisms
These mechanisms ensure the stability and security of the network while incentivizing users to actively participate. They support the value of AXM tokens and create favorable conditions for the long-term growth and development of the ecosystem.
Staking
In Axiome, staking involves holding AXM tokens in the network to support its operation and security. Users who engage in staking receive rewards for their activity. These rewards can reach up to 20% per month, making staking attractive for investors.
Delegation
AXM token holders can delegate their tokens to validators who confirm transactions and maintain the network. Delegation allows users to participate in network operation and receive rewards without dealing with the technical aspects of validation.
Reward Distribution
Rewards for staking and delegation are distributed proportionally based on each user’s contribution. Validators receive a portion of the rewards for their work, and the remaining portion is distributed among delegators. For example, if a user delegates 10,000 AXM, they can receive rewards of up to 2,000 AXM per month, minus the validator’s fee.
Reward Distribution
Network Fees
Axiome collects fees for transactions on the network. These fees are partially burned, and the remaining portion is distributed among delegators and validators. Delegators receive 95% of the distributed fees, while validators receive 5%.
Floating Reward Rate
The maximum reward rate of 20% per month is maintained when 85% of all mined coins are delegated. If this ratio decreases, the rate decreases as well, incentivizing users to actively delegate.
Token Burning Mechanisms
Token burning is an important mechanism for controlling inflation and maintaining the value of the AXM token. Tokens are burned with every fee transaction and upon token undelegation.
30% of all network fees collected from transactions are burned. This reduces the total number of tokens in circulation and helps maintain their value.
Upon token undelegation, users are required to burn a portion of their tokens (10%). This also contributes to reducing the total number of tokens and maintaining their value.
Additionally, if your status in the partnership program does not entitle you to rewards from delegations on certain levels, the income from their delegation will be destroyed. More information about this mechanism can be found in the official guide.
Security and Transparency
These are key priorities for Axiome. The platform has undergone an independent audit, utilizes advanced blockchain technologies, and provides users with full control over their assets. These measures ensure a high level of trust and make Axiome a reliable and secure ecosystem for all participants.
Code Audits
On May 13th, Axiome underwent a code audit conducted by SolidProof, a top-10 global code auditor. The audit revealed no critical vulnerabilities in the code. This confirms that the Axiome platform is safe for users and their funds. They announced this on their official Telegram channel.
Audit results are published and available to all users. This allows anyone to verify and confirm the reliability of the platform. The transparency of the audit enhances trust in the
project and demonstrates its commitment to security.
Security Measures
- Blockchain Technology
All transactions and operations within the Axiome ecosystem are recorded on the blockchain. This ensures data immutability and protection against fraud. Users can be confident that their funds are secure and transactions are reliably recorded.
- Self-Managed Assets
Axiome users retain full control over their assets. The platform does not hold users’ funds, reducing the risk of loss or theft due to hacks or technical issues.
- Decentralization
Axiome uses a decentralized governance model (DAO), which provides greater security and network resilience. Decisions are made collectively, reducing the risks of abuse and centralized attacks.
- Validator Protection Measures
Network validators undergo rigorous checks and must meet high security standards. This ensures that only reliable and verified validators can participate in transaction confirmation and network maintenance.
Governance and Community Participation
Decentralized Governance (DAO)
The decentralized governance model (DAO) ensures transparency and accountability while allowing users to actively participate in decision-making and platform development. The partnership program and support for new projects create additional incentives for participation and engagement. All of this makes Axiome a unique and dynamic cryptocurrency ecosystem where every user can contribute and be rewarded for their activity.
- Decentralized Governance Model
Axiome employs a decentralized autonomous organization (DAO) model, meaning that decisions regarding the development and management of the ecosystem are made collectively by users. Every AXM token holder has voting rights and can participate in voting on important issues.
- Opportunities for Participation
Participants can propose their ideas and projects for voting. This encourages active community involvement and allows the opinions of all stakeholders to be considered. The DAO makes the platform more transparent and accountable to users.
- Voting Processes
Voting is conducted on the blockchain, ensuring transparency and authenticity of the results. All participants can see how votes are distributed and what decisions have been made.
User Engagement in Project Development
Axiome’s partnership program offers users the opportunity to earn by attracting new participants. For each new user who joins the platform and delegates tokens, program participants receive rewards. The program extends up to 14 levels deep, making it highly attractive for active participants.
Additionally, 7 statuses are presented with their conditions for obtaining and privileges
The statuses take into account all users and their delegations up to your 14th level, even if these levels have not yet been unlocked by your current status. Unlocking a level with a status allows you to receive partner rewards from those invited at those levels.
Axiome aims to support new projects by providing them access to its audience and funding. Users can participate in the launch of new projects, which opens up additional opportunities for online earnings and investments. This fosters ecosystem growth and attracts new users.
They also actively collect feedback from their users to continuously improve the platform. Participants can share their suggestions and ideas, helping the project evolve and adapt to the community’s needs.
Benefits of Using Axiome
Let’s summarize the points above and highlight the main advantages of this project.
High Staking Rewards
- High Rewards
In Axiome, users can earn up to 20% per month by staking their AXM tokens. This makes staking on the platform very attractive for investors seeking high returns on their investments.
- Simple Process
The staking and delegation process on Axiome is intuitive and easy to use. Users can easily start staking and receive rewards for supporting the network. Detailed instructions are available on their website and in the guide.
- Regular Payouts
Staking rewards are paid out regularly, allowing users to earn a stable income and plan their financial operations.
Transparency and Reliability
- Blockchain Technology
All transactions and operations on the Axiome platform are recorded on the blockchain, ensuring complete transparency and data immutability. Users can rest assured that their funds are secure, and transactions are reliably recorded.
- Code Audit
Axiome has undergone a code audit by SolidProof, one of the leading global auditors. This confirms the security and reliability of the platform, reducing risks for users.
- Transparent Governance
Decentralized Autonomous Organization (DAO) allows users to participate in decision-making and platform development. All significant decisions are made collectively, making the governance process transparent and fair.
Participation in the Affiliate Program
- Additional Income
The Axiome affiliate program offers users the opportunity to earn additional rewards for bringing in new participants. The program extends up to 14 levels deep, allowing users to earn income from the activity of their entire network.
- Leadership Bonuses
Active participants in the program receive leadership bonuses distributed among the most successful referrals. This incentivizes the attraction of new users and active participation in the program.
- Simplicity and Convenience
Participating in the affiliate program does not require special knowledge or skills. Users can easily invite new participants using their referral links and earn rewards for their activity.
Support for New Projects
- Incubation and Financing
Axiome provides support to new projects, including funding and access to its audience. This helps to develop innovative solutions and attract new users.
- Benefits for Investors
Axiome users can invest in new projects at early stages, benefiting from their growth and development. This opens up additional opportunities for earning online and diversifying investments.
- Ecosystem Development
Supporting new projects contributes to the development of the entire Axiome ecosystem, making it more robust and appealing to all participants.
Conclusion and My Review on the Project
Utilizing Axiome offers numerous advantages for users interested in earning online, including high staking rewards, transparency, reliability, participation in the partnership program, and support for new projects. These factors make Axiome an attractive platform for investors and users seeking stable income and involvement in the development of advanced financial technologies and cryptocurrencies.
My view on the Axiome project is quite optimistic. While only time will reveal its development over the course of a year, two, or three, it’s already evident that a significant number of people are showing interest in it. Despite negative comments and baseless accusations of being a scam, I am convinced that the project indeed promises returns for its participants.
Over the past few months, there has been a growth in positive news, surpassing all expectations and refuting earlier accusations of being “just another scam.” Axiome has truly brought new hope for the development of this market. Being listed on the MEXC exchange is a significant achievement, indicating a high assessment of the project.
My observations also indicate a significant increase in social media followers in a short period and a large number of registrations for the pre-placement. With almost 14,000 subscribers in their channel, it’s evident that the project is growing. And while I’m not an unconditional fan of Axiome, I always strive to make informed decisions. It’s important for me to assess all perspectives. So, despite doubts and criticism, I see Axiome as a fresh and promising opportunity for earning online, worthy of attention.
Also, on their website (Link), they present a roadmap for project implementation, and in their Telegram channel (Link), they post detailed reports on the work done.
The website also features a block explorer, where you can see all the information about transactions, validators, participants, blocks, and other processes, which is updated in real-time.
Project Links:
Detailed documentation in English: axiomeinfo.org
Instagram account: axiome_en
Telegram channel: t.me/axiomeen
Website: axiome.pro
Block explorer: axiomechain.org
YouTube channel: @axiome_en
Twitter: x.com/axiome_pro
Support: @axiomesupport
All links: linktr.ee/axiome_pro
