# AXM Coin

<div data-full-width="true"><figure><img src="/files/DOj8vSjQdyDC4lV8QulY" alt=""><figcaption></figcaption></figure></div>

**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.

## Important links

**Buy / Sell AXM:**

* [On MEXC](https://www.mexc.com/exchange/AXM_USDT)
* [On Biconomy](https://www.biconomy.com/exchange/AXM_USDT)
* [On Tapbit](https://www.tapbit.com/spot/exchange/AXM_USDT?tab=USDT)
* [P2P-bot](https://t.me/axiome_p2p_bot) (for users from Russia and Belarus)
* [CoinMarketCap](https://coinmarketcap.com/currencies/axiome/)
* [Coingecko](https://www.coingecko.com/en/coins/axiome)

***

## Issuance&#x20;

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

{% hint style="success" %}
✅ AXM mining is complete.\
No new coins will be minted, while burning continues.\
AXM tokenomics is now deflationary.
{% endhint %}

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](https://axiomechain.org/address/axm1ytal6q2qc3rkha3x24m4ynh9nvzmpkm8lucq00). 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](https://docs.axiomeinfo.org/axiome-chain/pages/eQeAguH0AYAZIuhREAcU#id-2.-share-of-network-fees)).

### 4. Buyback-and-burn from [Axiome Futures](/axiome-trade/axiome-futures.md) 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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