AXIA, the group behind the novel message-to-earn strategy of AXChat, introduced the mainnet launch of its blockchain and native foreign money on Thursday. The brand new community is designed to offer a “hyper-deflationary” financial mannequin during which the cryptocurrency turns into increasingly more scarce as its adoption grows.
In accordance with its web site, the AXIA blockchain is a third-generation blockchain that makes an attempt to deal with issues like the dearth of interoperability, velocity and accessibility.
The AXIA community makes use of a participatory hyper-deflationary system. This suggests that each one exercise on the blockchain and throughout the ecosystem helps to make sure that AXIA Coin turns into scarce over time. An AXIA consultant advised Cointelegraph that the normal monetary and financial system is ineffective, promotes inflation and exacerbates revenue disparity.
As per the AXIA, its financial mannequin differs from fiat currencies and different cryptocurrencies in that it options steady worth creation with a repeatedly lowering provide of AXIA Coin.
“This mannequin is constructed to offer long-term worth, safety in opposition to speculative devices and the lack of worth we see with fiat currencies. The mannequin itself is just not solely sustainable however will proceed to evolve over time.”
The mainnet launch follows two months after AXIA launched AXchat, a decentralized messaging platform. This blockchain-powered chatting platform permits customers to speak with family and friends whereas incomes digital foreign money rewards.
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AXIA claims that each one AXChat messages are encrypted and that accounts are protected by multi-factor authentication (MFA) for enhanced safety. Conventional messaging platforms like Whatsapp and Fb Messenger should not have these privateness options. In accordance with a spokesperson for the AXIA community, the worth they supply is derived from customers and funneled again into for-profit and centralized pursuits.
Blockchain mainnet launch is a big step for each venture. It’s because it’s the second when a venture transitions from being an thought to actuality. This 12 months a few blockchain mainnets had been launched. Among the most notable embody RUNE, Mono X and Bitgert Chain.
