Axmint’s AXM Token Overview
Overview
AXM token is a native token of Axmachine Blockchain Services Pvt Ltd. Having a total supply of 250 million distributed into 6 different networks, primarily on BSC and then on Polygon,Solana, Avalanche, and Axlabs.
70% is locked with a gradual release of over 17500 Days (47.94 years), with 10,000 tokens minted per day. So the last AXM token will be released in the year 2071.
Additionally, we locked 25% of the tokens on PinkSale on 31–10–2024, with a release scheduled after 6 months and a 20%
Why AXM is developed on different blockchains?
The reasons for developing the same token with the same contract address on different blockchains could be diverse and may include:
Interoperability
By deploying the same token on multiple blockchains, developers can enhance interoperability between different blockchain networks
Scalability
Different blockchains offer varying degrees of scalability. By deploying the token on multiple blockchains, developers can leverage the scalability features of each network to accommodate a larger number of transactions and users..
Diverse User Base
Each blockchain ecosystem has its own community and user base. By offering the token on multiple blockchains, developers can tap into diverse user demographics and geographical regions.
Ecosystem Integration
By deploying the token on these platforms, developers can integrate it more deeply into the ecosystem and leverage these features to enhance functionality or provide additional benefits to users
Market Expansion
Deploying the token on multiple blockchains allows developers to target different markets and cater to the preferences of various user groups.
Use Cases of AXM token
Payment Method:
AXM token can be used as a digital currency for making payments and transactions, Users can utilize AXM tokens to buy goods and services, pay for subscriptions, or transfer value to others..
Rewards and Incentives
The AXM token can serve as a mechanism for distributing rewards and incentives to network participants, such as validators, developers, or users who contribute to the ecosystem’s growth and development..
Use Cases of AXM token
AXM Pay
Users can use their AXM tokens to make UPI merchant payments, charges, and all the UPI features
Trade NFTs’
NFT Trading and Marketplace: AXM token can be utilized within a decentralized marketplace for trading non-fungible tokens (NFTs).
How to encash AXM tokens?
Listed and Listing on Exchanges:
AXM token has been listed on the DexTrade exchange and we will soon be listed on the Top 20 crypto exchanges as shown in Coinmarketcap, in 2 years.
UPI Payment System
The Unified Payments Interface (UPI) is an instant real-time payment system developed by the National Payments Corporation of India (NPCI) to facilitate inter-bank transactions in India. It enables users to transfer money between bank accounts instantly using their smartphones.
Following its launch in Sri Lanka and Mauritius, UPI payments are accepted in France, UAE, Singapore, Bhutan, and Nepal. After the announcement, MyGovindia shared a world map, highlighting the countries where Indians can use UPI to make payments.
Where is the AXM token Audited?
How will the AXM token gain demand?
Social Media Buzz
Social media activities, Youtuber’s interests, campaigns, and engagement
Partnerships & Listings
Collaborations with blockchain category partners and influencers and listing on different reputed sites.
Increase Utility
Use of AXM pay and AXM token for more services
Strong Growing community
Growing community on different platforms
