Token

Name: AXION

Symbol: AX

Max Supply: 10.000.000.000 (10B)

Contract Address: N.A

The AX token is the native token of the Axion. It is used as a:

• Utility token: the payment method for user transactions (transfers, dApps deployment, interaction with dApps, etc.) on the Axion platform, similar to how ETH is used on Ethereum; and

• Governance token: representing a vote in the Axion DAO for decentralized community governance.

Token parameters​

Some properties of the AX token include:

• No inflation or deflation rates.

• Transaction Fees: 50% go to Validators and 25% to the Axion DAO Treasury, 25% is burned

• AX (Wrapped) is an SPL token on Solana and, at the same time, is a native token on the Axion (like ETH on Ethereum).

Utility​

The AX token facilitates all payments for Axion transactions, including the fee paid to Axion validators.

The goal of this abstraction is to improve the user experience by simplifying the payment process for Axion transactions.

For every iteration of a Axion transaction, the Axion user will pay AX tokens to the Axion Validator and to the Axion & DAO Treasury.

In return, the Axion user pays the Axion operator in AX tokens to cover the cost of the Axion validation fee, the Axion EVM platform fee, and the operator’s commission.

Governance​

Axion holders are able to propose changes to the Axion protocol and vote on proposals that affects Axion protocol, using their AXION tokens as votes.