AXIA coin

Thank you for joining our educational webinar, where today we will be looking at a New Kid on The Block regarding digital currency.

So just what is the Axia coin?

Marketed as a non-mineable token, Axia is a digital currency with its particular ecosystem, including its own secure wallet. From the Greek word açai, meaning value and worth, the coin was specifically designed with blockchain technology security, and is asset-backed, which will no doubt give this particular currency some added weight in a marketplace has become something of the Wild West and has a reputation for extreme market volatility, manipulation, depreciation, and fraud.

At the moment, we are not quite sure how the token is backed, whether it is cash, pledges, stocks, gold, or other securities, most of which are subject to price movements and up and down valuations in the real world. However, the company says it has addressed the above negative attributes for other digital currencies and that its ecosystem makes it less vulnerable to these negative traits. One of the unique features of the access platform is that it is designed to combat declines in value.

And while the company’s website markets the coin as the new reserve currency for the world, which is something of an overstatement, clearly, they have a place in the market and have considered how the features and applications could give them a Leading Edge as the marketplace for digital currencies develops.

The company markets Its ecosystem as stable, scalable, with low fees, full transparency, safe and secure, responsible, community-based, and is custom-built for global adoption.

The Axia Coin ecosystem is supported by its own wallet and features the AX exchange, debit card, gift card, mobile app, top-up facility, marketplace, video call, Axia chat feature with contacts.

They also have built-in cross-platform consistency and user rewards with merchant benefits, although, at the time of writing, we were not able to ascertain exactly what those benefits are.

They have their own branded debit card feature, which can be used wherever major credit cards are accepted, and transactions can be made online and in-store, and their USP here is that they say it will save customers on foreign exchange transactions adding value to the entire community.

The downloadable app can also be used to send messages, images, and files and is available on IOS and Android. It also boasts encrypted end-to-end communication with no data tracking and can facilitate a web conferencing with a cloud-based virtual meeting room.

Axia also offers a SIM card that offers rewards simply for making calls surfacing the web and sending text messages, which boasts of reduced or eliminated roaming charges and no contractual obligation.

Clearly, a great deal of thought, let alone investment, has been given to the AXIA Ecosystem. Also, we do not see it taking over the world as the new reserve currency anytime soon it will clearly have a respectable following and take up, and if all its promises, especially around security, hold fire, we would expect continued growth for this innovative New Digital currency. Certainly, as the world of commerce modernises and changes in the economic paradigm shifts towards the digital realm, the digital currency revolution will remain unstoppable. Organisations such as Axia who take A more holistic approach, and especially have asset-backed coins will fare better than most.

Questions remain to be answered, such as exactly the nature of the asset backing for the digital token, and we hope to learn more about these aspects in due course.

These days, it’s almost impossible to go a day without seeing another blockchain headline. And that’s because it’s one of the hottest technologies of the moment. Envisioned more than 20 years ago and pioneered only 11 years ago by Bitcoin’s Satoshi Nakamoto, blockchain is a ledger technology that records information in an immutable, decentralized, and distributed manner.

These qualities make blockchain a technological force that can help reduce/eliminate fraud, democratize finance, and more. Since it came on the scene those years ago, blockchain has been leveraged for all manner of adoptions both in finance and in completely unrelated industries. And now, a new project wants to harness the technology to create a more participatory, inclusive, and fairer global economic paradigm.

This is AXIA – a brand new decentralized finance project that goes by the tag “the new reserve currency of the world.” AXIA aims to achieve this grand promise through its network’s token – the AXIA token. However, as of now, the project is yet to launch, and even its whitepaper is not released.

In this guide, we look at this promising project and how exactly it hopes to achieve its grand plan.

What’s AXIA?

The name AXIA derives from an ancient Greek word – “αξία” which means ‘value,’ ‘merit,’ worth. AXIA wants to utilize blockchain technology to provide everyone with monetary value. It aims to do this by utilizing smart contracts to reduce fees and facilitate a more equitable, participatory, and fair global financial model. AXIA aims to use its native wallet – the AXIA Token Wallet to achieve this grand vision.

How Does AXIA Distinguish Itself from Bitcoin?

AXIA is different from Bitcoin in that AXIA is a stablecoin ( a cryptocurrency backed by real-life assets) while Bitcoin’s price is volatile. Bitcoin volatility is due to investor and user uncertainty of the coin’s value that makes it a speculative investment. Another distinguishing feature is that unlike Bitcoin, which is best a store of value and speculative investment, individuals can use AXIA for everyday purchases.

AXIA’s Ecosystem

The AXIA ecosystem constitutes several features, including a wallet, a secure chat/messaging platform with a SIM card, and more. Let’s take a look at the wallet and SIM card.

The AXIA Token Wallet

The AXIA wallet is the proprietary wallet of the AXIA platform. It offers the following features to users:

#1. Free to hold – Users of the wallet will get to do this for free

#2. Use anywhere – The AXIA Token Wallet to be used to send and receive AXIA tokens anywhere in the world and at any time. The same applies to make purchases

#3. Community-focused – The wallet integrates a chat, video and calling functionality that provides users around the world with a community to be part of

#4. Low to no fees – The AXIA Token Wallet allows individuals to participate in “virtually limitless forms of connected and decentralized activity” with very minimal or no fees

#5. Safe and secure – The wallet is fortified with high-level security featuring cryptographic encryption and multi-factor authentication

AXIA SIM Card

The AXIA ecosystem also features a SIM card that allows users from across continents to connect while saving on massive telephone data and SMS costs. Users even get rewarded for making calls, browsing the internet, and sending text messages with the AXIA SIM. Furthermore, the card features both GSM and Voice over Internet Protocol (VOIP) connectivity so you can make calls wherever you are at a very reasonable price. Also, there are very minimal to zero roaming charges. And unlike traditional SIM services, there’s no KYC procedures or contractual obligations.

AXIA Token as a Store of Value

Users will be able to use the AXIA token as a reliable store of value. This is unlike Fiat currency, which depreciates over time or cryptocurrencies, which are marked by market manipulation and unpredictable price swings that render cryptocurrencies less-than-ideal stores of value. The AXIA token is designed to preserve value and to resist devaluation.

AXIA as a Medium of Exchange

The AXIA project plans to have the AXIA token as a medium of exchange available all over the world. While Fiat currencies are accepted for this purpose, there is no universal currency that can be accepted everywhere. This can make it difficult for, let’s say, the South African Rand to be accepted at a store in Australia, which is not true for AXIA. The currency is designed to be a global, borderless currency. What’s more, the system will reward you for the more transactions you make using the currency.

AXIA as a Generator of Value

Again, AXIA is designed to be a creator of value. Network participants will be able to retain value for themselves as well as for others via the AXIA token. The AXIA ecosystem is designed to be participatory, as in, users can generate value in the system through simply interacting with the AXIA token in various ways like sending and receiving. Value created through such a simple act can generate value/rewards that will be viable for years to come. These benefits are meant to increase over time and are designed to throw back value in the system every time they’re generated.

Final Thoughts

AXIA proposes a compelling product. By utilizing blockchain, the project hopes to create a fairer financial model that’s the opposite of today’s tightly controlled and centralized system. While the project is yet to materialize, it’s hard not to be enthusiastic about it. Let’s hope the team lives up to their promises.