AXIA, the organization building a digital ecosystem around its hyper-deflationary digital currency AXIA Coin (AXC), launches staking program.
The staking will offer users a hedge against inflation. By delegating AXC out of circulation for set periods, users earn rewards on their stake, which are compound and paid out daily. Axia Coin users can stake their assets to earn annual yield of up to 192%.
Low Interest Rates And Rising Inflation Is A Big Problem With Fiat
Interest rates on savings accounts are at record lows in the developed world, with October’s average for U.S. banks standing at just 0.06 annual percent yield (APY). Yet, banks are experiencing a huge influx of consumer cash put into savings amid the pandemic.
This, along with rising inflation, suggests that many private customers banking with fiat will see the value of their funds eroded over time due to minuscule interest rates and continually devalued currencies.
AXIA claims protection against market volatility and a favorable rewards structure
AXIA claims that its staking program, unlike many of the other staking opportunities and pools that have recently emerged in the blockchain space, was designed to protect against market volatility while also providing a unique and highly favorable rewards structure compared to alternatives.
With the launch of the staking program, AXIA offers users a hedge against inflation. By staking their AXC, users reduce the circulating supply, thus contributing to the continuous growth of the entire ecosystem. With every stake, the AXIA system burns an equivalent number of coins, further ramping up the scarcity and enhancing the value of AXC.
Nick Agar, Founder of AXIA, said:
“We are excited to be launching this innovative staking program to AXIA participants that offers unparalleled rewards within the industry. The program is specifically designed to not only protect against inflation, but enhance participants’ potential returns regardless of any potential market fluctuations.”
Besides its rarity and utility, additional value of AXIA Coin also stems from the supporting assets held in the AXIA Treasury. The Treasury has the potential to expand over time while the total supply of AXIA Coin decreases simultaneously. This means that the token becomes more scarce over time, therefore rewarding early adopters and the entire community for participation in the project.
Axia Coin (AXC) Price Trend
AXIA Coin market price has increased over 130% in the past two months. The current CoinMarketCap ranking is #1143, with a live market cap of $8,500,546 USD. It has a circulating supply of 1,921,103 AXC coins and a max. supply of 72,560,000,000 AXC coins. AXC is trading at $4.42 as of the time of this writing.