AXIA Coin (AXC)

AXIA Coin (AXC)

Summary

Market Cap: $7,110,002.98

Circulating Supply: 7,110,002

Total Supply: 177,063,205,437

Coins Burned: 2,936,794,562

Coins Staked: 203,578,144

Consensus Protocol: Proof-of-Participation 

Founded in 2018 by Nick Agar and Paul Ungerman, Axia Coin (AXC) aims to change the overall landscape of crypto with its revolutionary hyper-deflationary token, a very different business model contrary to many currencies on the market that inflate to the point of no return.

With its Hyper-Deflationary Economic Design, the total coin supply is constantly reducing through any participation with the network. Hyper-deflationary tokenomic structure inherently rewards holders over time by insuring value is created from their participation. Each transaction produces a new form of economic growth in the form of benefits distributed amongst the holders of $AXC.

Axia's mission is to become more then a cryptocurrency, but a a future global currency that encompasses blockchain and traditional banking systems.

246,309 times less energy then $ETH

1,278,244 times less energy then $BTC

Utility: 8.8

Axia gives users many ways to use the token: You can stake it, spend it in the real world, or generate rewards through "Use-to-Earn" Axia Dapps such as AXchat, Axplorer, as well as DeFi apps and platforms in the near future. 

Though Axia has all the components to score in the 9's in regards to utility, it is tough to give that high of a score given its positioning in the market as a newer coin that is relatively unknown and has many upcoming applications in production that are yet to be released. 

Only time can tell whether the network will gain traction.  But with everything considered, Axia seems to be on the right track to position itself for success heading into 2023/24  

Roadmap: 7.3

Axia has a roadmap that spans to Q1 of 2023. From now until Q1, Axia is set to release around 10 Dapps including AXdepot, AXmarket, AXmail, along with many others. 

• Axia Capital Bank just launched

• Axia Metaverse is set to launch around Q1 2023

• UBDI Integration (Q4): This will allow users to tokenize and take control of their data.

The roadmap is average. Yes, there are many apps currently in development, but in my opinion, Axia is might be biting off more then they can chew with the various apps set to release by year end. I would like it if Axia had a more expansive roadmap that gave more insight further into the future. This may change, but as of now the roadmap timeline is limited. 

Partners 5.6

Axia has around 12-15 partners listed on the website ranging from Private equity firms/advisory firms to blockchain security companies. 

None of the partners are very eye opening. However, we are talking about a newer project in a bear market, so it is tough to expect much. I predict many more solid partners will be jumping ship over the next couple years. 

Staking 9.2

Below you will find the 6-24 month staking APY. These are very solid rates that are skeptical at first glance, but I believe that the hyper-deflationary economics will hold these rates somewhat consistent and will provide a good cushion of safety. 

It really just depends how much "participation" is actually taking place 

Ecosystem 9.3

The Axia ecosystem is very new, but I believe it will really strengthen over the next couple years. With the 20+ Dapps planning to drop over the next 3-4 quarters, Axia is positioned to really expand into a full-fledged ecosystem. I suspect that there will be some delays with the Dapp roll outs, but even so, Axia has a solid game plan in place to position itself as a force to be reckoned with heading into the next bull run.   

iRankCrypto Overall 8.0 

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*Each rating criteria is ranked out of 10. Overall ranking is determined by the 5 subjective variables (Utility, Roadmap, Partners, Ecosystem, Staking) 

Disclaimer: 

None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.