Axion is an ethical, community-driven cryptocurrency that rewards long-term (up to 15 years) investing with high-yield interest rates and weekly dividends. The marketing is going to ''officially'' launch full gear on March 12th and it can barely contain itself at the moment.
Here's what you need to know:
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AUCTIONS
There are two types of daily auction at AXION.Network ; Regular and Venture Capital (which run on Tuesdays and Fridays.)
Regular : The regular auction 'raffles' accumulated Axion tokens between users, in proportion to the participants’ bid in Ethereum (ETH). Any leftover AXN from the auction rolls over into the next weekly auction.
- When a user places a bid in ETH, 80% of the received ETH is used to instantly buy back AXN on Uniswap and the received AXN is distributed as dividends to the staker class.
- 19% of the ETH is Axion Foundation profit whereas 1% goes to The Eden Reforestation Project where every $0.10 donated plants one tree.
- 80% of the ETH bid is used to buy back AXN from the market, which is then distributed to stakers of Axion.
All Axion received from this auction including referral bonuses must be staked for a minimum of 60 days upon withdrawal. The stake length may be increased to 5555 days. By increasing the stake length, the more shares the user receives in return which results in more dividends received from the auction buybacks.
Now here's why March 12th VCA launch will be a game changer!!
Venture Capital Auctions : There are two VCA per week, on Tuesday and Friday. Each of these particular auctions have a maximum cap of 1B (billion) AXN, for a total of 2B per week . Once they are sold out, no more bids can be had.
- Venture Capital Auctions bring in a new dividend asset class in the form of wrapped Bitcoin (wBTC) which simply utilizes Bitcoin's liquidity on the Ethereum network. The Venture Capital Auction investor also receives an immediate 10% wBTC bonus upon completion of the VCA in which they’ve bid in.
- The auto-stake period for VCA's are a minimum of 120 days - longer than the normal auctions in order to offset the additional reward paid in wBTC. VC auction investors may choose to stake for longer than 120 days, upwards of 5555 days accompanied by a sliding scale with the date attached.
- Longer auto-stake periods for purchased AXN benefit greatly due to the BigPayDays and LongerPaysBetter bonuses while also securing a better share rate. The rewards for VCA's are 📷wBTC📷, where 85% of all ETH raised is used to purchase wBTC and distribute it across the staker class - these dividends are liquid and withdrawable at any time. 10% is the wBTC bonus to the bidder, and 5% is Axion Foundation profit. In the near future, additional alternative coin (altcoin) dividends will be introduced.
In the event that a daily auction is overbid, you can use our Uniswap integration on this page to purchase AXN directly from Uniswap.
While the UI on this page looks different from the official Uniswap UI, you are in fact interacting with Uniswap's contracts.
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STAKING
Stake your Axion and get revenue from staking contract. By creating a stake, the user loses access to their Axion tokens, but receives Shares, indicating the user's share in the distribution of dividends from the daily dividend pool.
The formula for calculating daily dividends is as follows: dailyInterest = dailyPool \ userShares / totalSupplyShares*
Then the formula for receiving dividends from the stake will be the following: stakingInterest=sum(dailyInterest(i) \ userShares / totalSupplyShares(i))* for each staking day.
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BIG PAY DAY
Designed for the annual distribution of Axion tokens unclaimed for HEX. Every year, for 351 days - the amount accumulated in the BigPayDay pool will be distributed among the stakes for 350 days or more.
There are 5 BigPayDay pools:
First year - 10% of the total amount of tokens sent to BigPayDaySecond year - 15%Third year - 20%Fourth year - 25%Fifth year - 30%
In addition to the tokens that get into BigPayDay from the exchange of HEX for Axion, BigPayDay is replenished with tokens according to the following formula:
BigPayDayPool = (dailyPool + BigPayDayTokens) * (1 + CriticalMassBonus + ViralityBonus), where CriticalMassBonus - ratio of exchanged HEX and Shares tokens to their total supply on the Snapshot day, ViralityBonus - the ratio of the addresses that changed HEX and Shares to the total number of addresses on the day of Snapshot.
You can also calculated your divs based on your total shares
All you need to do is go here AXION.Network
More info in u/CCCrypto2021 post from 6 days ago https://www.reddit.com/r/CryptoMoonShots/comments/lwcvov/axion_high_interest_cd_crypto_with_low_mcap_and/?utm_source=share&utm_medium=web2x&context=3
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Not a financial advice. (DUH)
There are still plenty to discover, have fun with this info.
!!!!!! MAXIMIZE PROFIT ACTIVATED !!!!!
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