With inflation fears growing, many investors are looking for options to protect their assets. AXIA coin has become a popular choice in the cryptocurrency world due to its solution to this pressing problem.
The project aims to establish itself as the new global reserve currency by introducing an excessive deflationary model. Ultimately, this will lead to a more inclusive and participatory economy.
We sat down with AXIA founder Nick Agar to find out more about the project and what it could do.
What is the currency of Axia?
AXIA Coin is the first cryptocurrency backed by highly deflationary assets
The currency that can be used globally today. It has a finite supply that diminishes over time due to any form of participation and activity in the extensive and ever-growing AXIA ecosystem.
Supply decreases over time, while assets in AXIA’s reserve can increase as a result of this participation and activity. This is a highly deflationary economic model, which makes a very useful system due to the fact that it is designed to initiate an increasing scarcity of currency on the one hand while constantly strengthening the reserve base on the other.
How is AXIA different from existing stablecoins like Tether (USDT)?
AXIA Coin is not a stablecoin. The stablecoins are either pegged to the US dollar or other fiat currencies as closely as possible, and are likely to be secured by other cryptocurrencies or backed by a commodity such as gold.
There is also the possibility that it may be modified by a smart contract algorithm. Since there is a constant decrease in the supply of AXIA coin with the strengthening of the reserve, the price of AXIA coin is determined by the market.
Will AXIA Coin be linked to any fiat currencies like US Dollars or Euros?
No, that won’t happen.
What assets will support AXIA coin?
AXIA’s reserve consists of assets that have an easily identifiable value such as cash, cryptocurrencies, gold, etc. These assets are coded and placed in the AXIA Reserve.
Why does the world need a new reserve currency?
The current reserve currency is the US dollar, which is inflation. The dominance of the dollar gives it a great advantage, but at what price does the world’s population pay?
When the monetary system is inflationary, we constantly lose purchasing power. It is completely centrally controlled by the constant printing of more dollars by the central banks and the constant accumulation of debt by the government.
Since the income cannot keep up with the loss of purchasing power, most of it declines further. Even with all the technological advancements that have been made, productivity does not increase.
This is because we operate within a debt-based system. It just creates more concentration of wealth, lack of innovation and progress as well as barriers to entry for the majority.
This kind of unfair environment has been shown to lead to societal problems that go beyond just the economy.
So it is clear that the world is yearning for a new reserve currency.
How does AXIA Coin work as a reserve currency?
AXIA offers a more rewarding, fair, equitable and participatory ecosystem that allows users to generate more value for themselves and others just for the things they have already been doing.
In addition, all activities throughout the ecosystem can act as a catalyst to burn more coins, resulting in rarity and scarcity of AXIA coins which is of great benefit to all other holders around the world. Imagine a system in which making a simple trade has a positive effect on all others who are part of the same system. This is AXIA.
Moreover, AXIA can be easily converted and transacted globally today through instant settlement. All this makes AXIA coin an ideal choice as the new global reserve currency.
What is the blockchain that you built AXIA on?
AXIA is currently published on the Ethereum blockchain. However, the team is working hard on the launch of AXIANetwork, which will be launched soon and will offer a more comprehensive and environmentally friendly alternative to the current options on the market.
Is AXIA Coin ERC-20 Cryptocurrency?
Yes it is.
How scalable is AXIA coin?
AXIA Coin can expand globally and have an impact in every corner of the world just as planned. We live in an incredibly digital age where AXIA can be instantly accessible to anyone with Internet access and our goal is to make that a reality.
With its unique economic design and participatory system, AXIA can deliver unparalleled value to people everywhere, empowering them to transform their lives in a way they could never have imagined before the digital age.
AXIA is a non-profit organization that does not pursue the goal of enriching itself, but instead provides a more equitable financial solution to millions around the world. Everyone on the AXIA team firmly believes that this vision is achievable.
How will fees create value?
As mentioned earlier, participation and activity in the AXIA ecosystem decreases total supply while simultaneously increasing AXIA reserves.
This kind of value creation hasn’t existed before – especially for a currency. This is all achieved through decentralized activity as AXIA participants are the ones who extract the hyper-deflationary economic model by simply taking advantage of everything that is being offered in the AXIA ecosystem.
Simply put, AXIA Coin is becoming scarcer from audience participation, providing unprecedented value for themselves and others.
Why did you launch the AXIA project?
AXIA was launched, in essence, to make a positive social impact in as many ways as possible to as many people as possible around the world.
Integrating each of the technological advancements of blockchain technology with its unique economic design has the potential to remove barriers to entry, level the global playing field, provide unprecedented opportunities, and increase productivity and prosperity for people around the world.
AXIA can make our money more impactful as a result of simply doing the same things we do every day like going to the grocery store, using a browser, making transactions, exchanging, etc.
This activity reduces the supply of AXIA coins and can increase AXIA’s reserves, creating benefits for all members of the AXIA community.
Therefore, not all AXIA participants need to change their behavior. If someone uses AXIA, repeating the same things they are already doing allows them to make a positive impact on others. Since your money now has the ability to do this, why would you choose any other currency?
What exchanges will AXIA coin be trading besides those already announced?
AXIA Coin is currently available at AXIA Capital Bank. This is a licensed banking institution for individuals and companies worldwide. AXIA Capital Bank offers complete banking in both fiat and cryptocurrencies, high yield interest on AXIA Coin holdings, burn-in fees that only generate more value for collectibles, free cold storage, debit cards and gift cards for daily use of AXIA Coin.
There is also no risk in the balance sheet because there are no loans against money in the account unlike traditional banks. In addition, all decentralized activities in the AXIA ecosystem also bring more value to collectibles and stockholders as well.
AXIA Coin is also available on KuCoin and BitMart. KuCoin is the top 10 global exchange by volume and the ability to launch on an exchange that is highly respected across the industry served as a huge validator for AXIA Coin instantly. BitMart is similarly known in crypto circles and has a solid reputation.
AXIA Coin will be launched on additional exchanges in the very near future. Announcements will be made regarding these listings through our website and social channels, so we ask people to stay tuned for some very exciting news regarding these exchanges as they will be delivered soon.
What makes the Axia currency so deflationary?
The total supply of AXIA can decrease over time. This means that AXIA is rapidly becoming rarer and rarer as time goes on. This is what is meant by hyperinflation.
What does “burn” fee mean?
All fees collected from any application, platform or activity within the AXIA ecosystem will be “burned” by sending AXIA Coins to an AXIA Coin Burner smart contract to remove those coins from the total supply.
The smart contract guarantees that any AXIA coins that have been burned will be permanently non-refundable. Meaning AXIA coins are completely eliminated and can never be part of the supply again.