AXL INU Decentralized platform launches AXL launchpad and staking protocol

 AXL INU ($AXL), a decentralized ecosystem over Ethereum Chain (ETH) and Binance Smart Chain (BSC), has launched its much awaited AXL launchpad and staking protocol. After it IDO launch on NFTb, and its IEO on Bitmart as part of its presale, AXL states that it raised 2.1 million USD.

The team of AXL are based out of Dubai UAEand Egypt. Founder and CEO Asser Fawzi, Omar El Welely, Chief Product Officer and Mohamed Elhelow, chief technology Officer. The company boasts 159,000 followers on twitter.

As per the press release, AXL, Decentralized platform is teaming up Multi-chain Defi platform, NFTb, to bring AXL launchpad to the market, with $AXL and $NFTb as tier tokens. This will enable AXL platform to link the NFTb community with AXL Launchpad in order to deliver greater exposure to AXL ecosystem and more possibilities to join projects in their early phases of development. The launchpad will assist in bringing creative, exciting new ventures to the market.

AXL works hard to encourage, grow, and promote the listing of new and breakthrough projects, with a number of engaging upcoming projects set to be revealed shortly. The launchpad enables emerging creative projects to demonstrate their ideas to the community while also garnering support, attention, and investment.

Features of IDO Platform

AXL Launchpad

AXL launchpad will be able to operate on any coin as a tier token, allowing other projects to have their own launchpad. All they need to do is deploy a smart contract and the whole tier system will be their own token.

As of now, there will be 2 tokens, $AXL and $NFTb, as tier tokens.

AXL Launchpad Tier System

The launchpad tier mechanism is built in such a way that $AXL and $NFTb holders with a higher balance will be able to avail more advantages.

The tier system consists of 3 tiers for each token.

All rewards will be distributed in the form of $AXL Token.

Staking Protocol

AXL platform will offer 2 plans for the staking protocol. 

1. A fixed plan with staking periods of 1,3,6, and 12 months, with fixed APR and a pool limit.
2. A flexible plan with staking period of 1,3,6, and 12 months, with flexible APR and no pool limit.

There will be a total of 4 staking pools.

1. 2 Fixed: AXL and NFTb
2. 2 Flexible: AXL and NFTb

Asser Fawzi, CEO and Co Founder of AXL INU, is also excited about the AXL Kickstarter. He states, “We have a Kickstarter of our own just like Kickstarter.com. New startups after passing the due diligence, will be able to raise up to 30K in a Private Round. Each participant will be able to buy up to 50$. So total 600 users, “What is the problem we are solving? Most new project ideas have no liquidity to start so they fail before they even get launched.”

Activities

Most project owners do not have an MM staff to assist them in liquidating their tokens or selling some for development, so AXL came up with the Activities feature. Activities will allow different projects to sell up to 300K worth of tokens at a discounted price, plus a lottery for winning a prize in the form of tokens. Each participant will be able to take up to 150$. This will help push the project for further development, raising non-initial funds, and increase exposure for projects.

The AXL project was developed out of a goal to provide decentralized solutions for organizations and individuals. By utilizing the Poly network bridge, the AXL platform can tackle a big problem that exchanges face. Merging the Ethereum and Binance Smart Chain blockchains, AXL is building a bridge that will allow users to unite different blockchains so that they can work with applications, products, and tokens located on different blockchains within a single ecosystem.

AXL’s primary features include:

• Liquidity Pool Providing,
• Yield Farming Program,
• Staking Program,
• Launching IDO(s),
• NFT Minting
• Lending & Borrowing Platform

Moreover, AXL has already covered partnership with NFTb for the NFT projects.