How AXM Token Mechanism Works?   

The token mechanism works in a manner to create digital tokens that will eventually represent various assets/utilities on a particular blockchain network. Similarly, AXM tokens will be used to incorporate the AXChain entities like transferring, storing, and verifying information or value in an efficient and safe manner. You will find AXM tokens posing different characteristics and use cases that will keep you stunned. This is a native currency operating on the AXChain Network planned with diverse use cases in order to raise the trade value.

Use of AXM Tokens

$AXM tokens are the core asset that backs up the AXMachine ecosystem which cannot be sold or transferred; in fact, you can use the below-mentioned use cases, including:

- Earn extra airdrop of $AXM tokens;

- Get random prizes or royalty rewards;

- In terms of governance, vote on how the protocol relives out developer grants, and much more;

- It can serve as a network validator where a suitable number of tokens will be required of all validators.

Looking at the increasing demand for asset privilege, the experts working behind the project believe that staking 1 $AXM coin for the highest time roughly around 4 years would generate 4 $AXM tokens. In fact, you can feasibly trade in the form of $AXM tokens for $AXM tokens, once you have crossed the vesting period. Meanwhile, you also have the option to increase your $AXM asset balance by locking up the coins stacked and extending the lock end date or both. This asset is carefully designed with a standard token economy:

· Total Supply: 25,00,00,000 AXM tokens

· Seed Sale: 6%

· Presale: 4%

· Staking: 12%

· Scheduled minting: 30%

· Marketing: 5%

· Development: 11%

· Team Reserve: 21%

· Initial Developers reserve: 1%

· Contract Royalty: 10%

Read More: https://elynaezza.medium.com/how-axm-token-mechanism-works-c49df4fdd8bb