Why LSG’s “aXpire” will Revolutionize Blockchain in Fintech
Initial Screening: Before looking at a coin/token to invest in, it is imperative to look at the marketcap. In order to make significant returns in cryptocurrency you want to invest before the major hype hits. I was an early heavy investor in Bitcoin, Ethereum, VeChain, and AntShares (Neo) to name a few, as I saw they were highly undervalued. There was zero hype surrounding these currencies, and I saw major potential. My next target has been aXpire. Currently aXpire is sitting at a 5.6 million marketcap with an AXP token being 2.5 cents USD, and ranked 503 on CMC. If you know how to read charts, you know that there is A LOT of room to grow here. For example, VeChain has a marketcap of 1.7 billion compared to aXpire at 5.6 million.
TLDR: Why am I putting this up here? Because I have a lot of amazing information, and you probably won’t get through it unless you read this first. The reason aXpire is great is because:
(1) Super low marketcap, (2) Strong business connections with countless Fortune 500 companies from their established parent company. Their parent comapany, LSG, works with Nike, Coca Cola, AT&T, Intel, IBM, and countless more — these are all clients that could use aXpire’s Resolvr software, (3) Clients that are currently using the platform — one of them is one of the worlds largest Hedge Funds with 24 billion AUM, (4) Their intelligent software (Resolvr) saves companies money. It SAVES money!! Who wouldn’t want to use it?, (5) They have arguably one of the strongest advisory boards with Roger Ver on board, (6) Strategic partnership with Ethos → This will provide a gateway for fiat to easily come in. Ethos is launching a user friendly wallet soon with a fiat gateway. Think of this as a new coinbase, but better, (7) Tokens are burned — any function costs or service fees will be facilitated via an AXP burn, meaning that the AXP tokens ‘charged’ to the user/client is burnt. This means that the total supply will be diminishing from day one, and that makes the AXP token even more valuable from a counts basis (8) AXP is already listed on many exchanges (HitBTC, KuCoin), and the team has stated that they are in talks with other exchanges, (9) They are trying to make this as user friendly as possible. Companies that utilize the Resolvr software won’t have to know anything about cryptocurrencies. The fiat transactions will take place above the blockchain layer meaning that clients won’t see AXP tokens, but the AXP tokens will be run underneath the fiat. This is absolutely essential for mass adoption, and aXpire has nailed it. (10) Words from the CEO, Gary Markham: “We believe over 5 years we want to turn aXpire into a 1 billion revenue company.”
What is aXpire? The vision for aXpire is simple — Businesses waste money; aXpire helps reduce waste and improve profitability. They enable seamless spend management, in real time, through secure blockchain technology and machine learning through their software called Resolvr. Resolvr is a B2B spend management software, which is currently live and deployed with one of their $24bn hedge fund clients. With Resolvr, users are able to view, in real time, spend data across their company; providing live data for intelligent profit maximization. aXpire also has another platform for the P2P space called MatchBx. I won’t be getting too much into MatchBx, but in a nutshell it is a marketplace for tasks, which has been incorporated due to the strong demand for crypto-based services in the market. This product, as with all of the aXpire products, will be powered through use of the AXP token.
Why was aXpire formed? aXpire was founded by LSG, LLC, an insurtech SaaS (Software as a Service) company that has a history of working with Fortune 500 and “household name” clients such as Nike, Coca Cola and the NFL. The company was founded in 2005 and is headquartered in Manhattan, New York, with employees in London, India, and Australia. aXpire was developed at the request of their first client — one of the largest hedge funds in the world ($24Bn+ AUM (Assets Under Management)) — to enable the real-time visualization and management of payment processing workflows across legal, fund accounting, administration, finance and compliance departments. If this doesn’t make you drool, I’m not sure what will. Their parent company has connections that run deep to Fortune 500 companies, and that is the biggest key for bringing in customers and getting wide spread adoption.
In addition, aXpire’s core team consists of the prior LSG C-suite, with over 90 years of combined experience in the software-enabled payments space. The team also includes nine+ full-time developers with blockchain competency. Their in-house development team of devs have been trained through their other partnership with R3 in distributed ledger technologies, or blockchain tech for over 6 months. The core team has extensive experience in handling large volume data through 12 years of LSG, aXpire’s founding company. Furthermore, they have a dedicated marketing / sales team, and have recently signed advisers in Asia to assist with building communication lines to expand into the Asian markets. They are also led by a team of seasoned insurtech experts and an advisory board including Roger Ver, Mate Tokay, & Shingo Lavine.
To give you an idea of the market size that aXpire is trying to reach let’s compare them to “Coupa” which is a business spend management system that does not run on blockchain (aka aXpire has zero competition). Below I’ve included pictures from Coupa’s Investor Relations pamphlet which showcases their revenue, and market size they are targeting.
As you can see Coupa’s system has saved companies over 23 billion dollars with cumulative assets under management of 680 billion at the end of 2018. In the past 12 months Coupa increased their AUM by 320 billion, and by doing so increased their revenue immensely to 190 million.
It’s no secret that businesses waste money — and that too a lot of it. aXpire has a solution to this. aXpire can offer meaningfully differentiated security through the provision of their software in a distributed, secure and egalitarian manner — there is a decentralization edge. aXpire reduces the incentive for cyber security threats through the use of a unique, AXP token. They also leave an immutable trail of transactions that provides value throughout the auditing, compliance and reporting process for any client that is required to understand company spend and profitability data. Regulated hedge funds, for example, need to report fund expenses to the SEC. Any user of the aXpire software will also be able to view, in real time, spend data across the company, providing live data for intelligent profit maximization. Decentralization provides access to all of these advantages. Users can also still use FIAT, though it goes through an AXP layer. This is perhaps one of the greatest advantages that aXpire has to offer for mass adoption.
Most companies today are PPS (paper, PDF, spreadsheet), and aXpire is revolutionizing this old school methodology by promoting PPS → Digital. So imagine if people are working in a department, that department has to relate to another department, which ultimately relates to finance and compliance. aXpire will take all of those manual processes, all of the paper, all of the PDFs, and remove all that and bring in the Resolvr app which will facilitate all of those interactions and functions into one single site. Also Resolvr can connect applications into existing IT infrastructures. So if there is another system that the company is using they will take the data from that, and if they are using an accounts payable system to make payments out of the system, the Resolvr can be connected to that as well. This all coupled with A.I. and machine learning leads to a 15–25% efficiency gain. A company would in short switch to Resolvr due to lower costs of usage, more savings in the short and longer term, and more features and functionality.
Token Use Case: The AXP token is the backbone of transactional utility on the aXpire software/platform(s), and is utilized as the underlying ‘currency’ of these. Businesses looking to utilize all of Resolvr processes will need to use the native token, AXP, on a function by function basis, or in advance to pay service fees (function costs). Resolvr’s blockchain enhanced version will be as user friendly as possible, in terms of the AXP token not needing to be shown on the front end, but still serving as the underlying utility token; driving transactions and functions. This means that clients can choose to utilize the Resolvr platform strictly showing FIAT, with a conversion to AXP happening at the moment of each function, offering protection from potential volatile price action movement but still ensuring constant AXP token utilization. The aforementioned function costs or service fees will also be facilitated via an AXP burn, meaning that the AXP tokens ‘charged’ to the user/client is burnt — this function cost / service fee burn will also be active for the MatchBX platform. This is great as the total supply of the AXP token will decrease daily, pushing the value of the AXP token up from a counts basis.
I’ve personally invested in aXpire because I believe in the company, and believe in the vision they have moving forwards. Their parent company, LSG, wouldn’t waste time delving into the field of cryptocurrencies & blockchain if they didn’t see this as an opportunity to capitalize. The fact that aXpire has connections that run deep to Fortune 500 companies and more is one of the biggest selling points for me. This, coupled with the real use case problems that aXpire solves and the professionalism that the team showcases throughout telegram and twitter is why I’ve picked aXpire to be one of the biggest surprises in the coming years, and why it is part of my portfolio.
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I’ll be releasing an article soon about another gem. Stay tuned.
Note: I am not a financial adviser. My last few calls may have been fire, but please do your research.
References:
(1) https://www.axpire.io/downloads/aXpire_Whitepaper.pdf , (2) https://www.youtube.com/watch?v=DI89FprcJOI , (3) https://www.youtube.com/watch?v=z7gU2nOAfNE&t=631s
