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AXM Coin

Learn about AXM Coin - its role in Axiome Chain, how supply, burning, staking, and token utilities work in the ecosystem.

The AXM coin performs several key functions within the Axiome ecosystem:

  • Represents ownership share of the Community Pool income.

  • Serves as the base asset in liquidity pools on Axiome Swap.

  • Acts as the base asset on Axiome Pump, used for all new token presales.

  • Functions as the margin collateral when trading on Axiome Futures.

  • Used to pay network fees.

  • AXM staking is the core element of the DPoS consensus to support the operation of Axiome Chain.

Buy / Sell AXM:


Issuance

The maximum supply is 1,000,000,000 AXM.

Since the very launch of Axiome, the development team has managed only one wallet, which is the company’s sole wallet. View it in the block explorer. All remaining AXM issuance is owned and controlled by Axiome community users.


Burning AXM

There are four ways to burn AXM:

1. When activating Premium (always)

Each time a user pays for a Premium subscription, 50% of the amount is burned and the remaining 50% is allocated to the Community Pool.

2. Burning upon undelegation (always)

With every undelegation of AXM, you pay a 10% fee on the amount being undelegated, which is subject to instant burning 30 days after the undelegation is initiated.

3. Burning network fees (always)

All AXM-related transactions incur network fees. Of each fee, 30% is burned, and the remainder is distributed as delegation rewards (the share of network fees).

4. Buyback-and-burn from Axiome Futures profits

Every week, 10% of the trading fees collected on Axiome Futures will be used to buy back AXM and burn it immediately.

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