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AXIA launches mainnet for its blockchain and native currency

On Thursday, AXIA, the company behind AXChat’s revolutionary message-to-earn approach, announced the mainnet debut of its blockchain and native currency. The new network is intended to provide a “hyper-deflationary” economic model, in which the cryptocurrency gets scarcer as it gains popularity.

The AXIA blockchain, according to its website, is a third-generation blockchain that aims to address issues such as interoperability, speed, and accessibility.
A participatory hyper-deflationary mechanism is used by the AXIA network. This means that all action on the blockchain and inside the ecosystem contributes to the eventual scarcity of AXIA Coin. The existing financial and monetary system, according to an AXIA spokesman, is ineffectual, fosters inflation, and exacerbates wealth inequity.
The AXIA’s economic model varies from fiat currencies and other cryptocurrencies in that it provides ongoing value creation with a constantly diminishing quantity of AXIA Coin, according to the company.
AXIA introduced AXchat, a decentralised messaging tool, two months prior to the mainnet debut. Users may talk with friends and family while earning digital currency incentives on this blockchain-powered chatting app.
All AXChat messages are encrypted, according to AXIA, and accounts are protected by multi-factor authentication (MFA) for added security. These privacy options are not available on traditional chat services like Whatsapp and Facebook Messenger. Consumer value is derived through the AXIA network, according to a spokeswoman, then routed back into for-profit and centralised interests.

Read more: Ferrum Network integrates with the Algorand(ALGO) blockchain ecosystem

Kunal Krishan
Kunal Krishan
Kunal is an investment space writer who firmly believes investment is something which should not be a choice but a part of everyone's life.
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