Poly Network AMA Recap With AXL INU
The DEX platform, AXL INU(@AxlToken), was invited to Poly Network (@PolyNetwork2) AMA, taken place on 6 Jan in the Poly Network Telegram Community. From the Live AMA with Asser, Founder&CEO at AXL INU, this recap fully grasps the information discussed during the AMA.
GUEST INTRODUCTION
Moderator: Poly Network is a groundbreaking heterogeneous interoperability protocol alliance, which has already integrated Bitcoin, Ethereum, Neo, Ontology, Heco, BSC, OKExChain, Arbitrum, Polygon, Elrond, and Cosmos-SDK, and aims to build the foundation for Next-gen Internet (NGI) by enabling greater integration, cooperation, and innovation. Since the launch, the protocol has reached total trade volume of more than $15 billion USD involving more than 302K cross-chain addresses on different blockchains.
Asser: AXL is a fully decentralized exchange with smart routing on ETH Chain (ETH) and Binance Smart Chain (BSC) that will support Liquidity Providing, Yield Farming, Staking, LaunchPad, NFT and Lending & borrowing.
QUESTIONS AND ANSWERS IN LIVE AMA
Q1: Could you share with us the founding story of AXL INU?
Asser: We wanted to create an ecosystem that provides a seamless and easy experience providing all our services and more opportunities for our community, building it together and stronger. In AXL INU we are looking to solve real-life problems, as in that the AXL LaunchPad is not just any LaunchPad, it will be able to have operations on any kind of coin as a Tier Token. So for example, if Shiba wants to have its own LaunchPad, it can have all the needs to be done: deploy a smart contract, then all the tier systems will be Shiba.
In AXL INU we will launch 2 staking programs:
AXL and NFTb as tier Tokens, and 4 staking pools.
As in:
2 Fixed > AXL and NFTb
2 Flexible > AXL and NFTb
In addition to that, we have Kickstarter ( https://www.kickstarter.com ). After passing the due diligence, new startups will be able to raise up to 30K in a Private Round. Each Participant will be able to buy up to 50$, in total 600 users. By this we are solving various problems, as most new projects and great ideas have no liquidity to start so they don’t even get a chance to launch. We also provide Activities. As most of project owners doesn’t have an MM team that helps them in liquidating their tokens or selling some for development, so we came up with the Activities feature to solve that. It will help the projects sell up to 300K worth of tokens, at a discounted price and provide a lottery for winning a prize “Tokens”. Each Participant will be able to take up to 150$. In AXL INU we push projects for further development, raise Non-initial funds, give exposure for projects. Successfully we have partnered with NFTb for our NFT projects.
Some of our honourable recent collaborations:
chainadoption.io
Gotbit.io
https://purefi.io/
and Cross Marketing with
https://unstoppabledomains.com/
With all our successful partnerships and collaborations, it’s just the start for AXL INU and its community.
Q2: Could you elaborate more on the two main tokens of AXL INU: eco system $AXL and reward token $Axls. How shall our users get started?
Asser:
AXL:-
1- Staking “Holders will have the ability to stake AXL to Gain more AXL as a reward”
2- Holders will have the ability to join the IDO
3- Boosting for the Loan&Borrow Interest
4-If a project owner and you wish to list your tokens as an IDO, you will be required to have AXL to pay required fees. All users interested in participating in the initial dex offering will also be required to stake AXLs for a period of time.
AXLS:-
$AXLS is more related to the Dex “late stage”
AXL DEX will have its native token for rewards which will be dubbed AXLS
1-DEX fees and interest accrued from the lend & borrow model will help us buyback AXL/AXLS tokens and burn them.
2-All users can stake AXL tokens to get AXLS or stake other supported tokens to get AXLS.
Q3: What are unique about AXL INU compared with other DEX platforms?
Asser:
1- Repurchase and Burn (All Transaction fee, IDO fee will be used for $AXL repurchase and burn)
2- IDO Launchpad
3- Lend & Borrow
4- Kickstarter : A Small accelerator for early-stage projects
5- Activities: A simple way for exposure by and token liquidation for projects owner without impacting the market.
Q4: Why did Axl Inu choose Poly Network among others for partnership?
Asser: Up until now we think that Poly.network was one of our best partnerships, we chose Poly.Network because of the good reputation it holds and because it’s without any doubt, the top trusted bridge provider in the field. And we were surprised by the ease of communication and support along the way.
Q5: Any exciting plan for future developments？What shall users expect?
Asser: over the next few week We are bringing Staking IDO Launchpad
Activities “A New type of fundraising” and Kickstarter “Decentralized accelerator for early stage BlockChain Project”
AMA EVENTS TOP QUESTIONS
Note: 15 questions were chosen and answered by the AMA guest during the 3 AMA Events, with a total of $500 AMA Rewards to be distributed.
Q1: What are the benefits of holding your token as long term investment? Can you tell us about the motivation and benefits for investors to keep your token in the long run?
Asser: You will be able to gain rewards by staking, And we enabled the IDO Participating for all the stakers. So staking making you eligible to jump early in IDO’s and gaing rewards at the same time
Q2: Can you share to us your tokenomics? How much is the total and circulation supply of your tokens? Will there be buy back system or token burning in the future?
Asser: You can find our detailed tokenomic on our website. We re-distributed it after burning 30% of the total supply and more 20% coming the next week. So the total supply will be 50B instead of 100B.
Q3: What are plans for global expansion? Do you focus more on market or on building customers, users, or partnerships?
Asser: AXL INU is focusing more on development and partnerships. Our global expansion will start as soon as our product is fully available and ready to go.
Q4: What kind of partnerships with different projects/platforms/protocols can we expect from #AXLINU in the future? Could you give us some examples of how other projects can leverage?
Asser: Our LaunchPad is easy to adapt with any token. So we can Partnership with any token on BSC and ETH chain by add the token to our Tier system. AXL INU already had a partnership with NFTb to add NFTb token as a one of the Tiers tokens and more to come.
Q5: Non-crypto users are critical to mainstream adoption. How do you plan to attract non-crypto users to AXL Inu? Are there any upcoming partnerships that will bring non-crypto users and real use cases?
Asser: We plan to resort to the bloggers and KOL outside of crypto/bordering the crypto space (tech/business bloggers, for example) , to interacte with a variety of non-blockchain influencers would allow us to secure more traffic overall and more relevant traffic as well
The AMA with AXL INU was successfully concluded. We have one more AMA scheduled this week. Please stay tuned!
