31 July 2018 — With great excitement AXenS will be extending its token sale period. Having surpassed the soft cap of $5m, established new strategic partnerships and restructured its tokenomics, we are seeing additional interest in the AXenS venture, thus the prolongation of the token sale allows us to take full advantage of new markets. Furthermore, we will be fixing ETH at $700 for the token sale so as to mitigate market price volatility and align participants equally.
AXenS will now focus its token sale to primarily fund the continuing development and operational activities of the AXenS platform. This process is currently funded by the team and an MVP is scheduled for September 2018. Furthermore, AXenS will allocate a larger portion, 30% of all AXS tokens issued, for early adopters of the platform. As such, we are able to restructure the quantity of AXS tokens available for sale to $18m, of which approximately $6m are already accounted for.
The portion initially intended to be raised through the token sale for the lending pool of the AXenS platform, will now be addressed through strategic partners with whom we are currently in discussion. This is in line with our goal of having multiple trade finance providers on the AXenS platform, allowing both liquidity and the possibility of syndication. As such, AXenS is able to both diversify its capital raise sources and revise the token sale target:
To summarize:
- The hard cap on the token sale is adjusted to $18m.
- The allocation of tokens reserved for early clients of the platform is now 30% of the overall token issuance
- Ethereum will be fixed at $700 (and other tokens accepted in the tokensale accordingly), so as take out the price volatility in the markets and standardize all participants purchasing.
New Partnerships:
Kryptono Exchange: A state of the art crypto-currency exchange on which AXS tokens will be listed. https://kryptono.exchange
TLDR: Premiere advisory firm for ICOs — https://www.tldr.capital
Dooks Dynamics Inc.: A global HSE company — http://dooksdynamicsinc.com
Araw: A decentralized Payment for E-Commerce Ecosystem — https://arawtoken.io
NVB: Programmatic self-service platform focused on in-stream video and crypto advertising in an omnichannel environment — https://nvb.digital
Bounties:
All existing bounties will end on 31 July 2018 11pm CET. Within the next two weeks we will notify participants of their future allocation of AXS tokens in accordance to the different bounty award terms.
We continue to thank you all for your continued interest and support for this exciting project.
AXenS Team
About AXenS
AXenS is the most forward thinking B2B platform for Distributed Supply Chain Finance (DSCF) and Distributed Trade Services (DTS). It provides innovative, flexible and accessible trade finance as well as a look-through, secure supply chain management process. While syndication of loans across multiple lenders is usually done for large deals, across different banks at prohibitive cost, AXenS will allow lenders to come together to service SMEs globally. This means reduced exposure for the lenders and better chance of getting funded for the borrowers.
For more information, please visit:
AXenS Website: https://www.axens.io
AXenS Telegram: https://t.me/axens_chat
AXenS Linkedin: https://www.linkedin.com/company/axens.io
AXenS Twitter: https://twitter.com/AXenS_io
