Token Utility

1. Validator Staking

$AXIS tokens are used for staking by validators and delegators, securing the network and validating transactions.

Incentive: Validators and stakers earn rewards for their participation in network consensus, incentivizing them to maintain the network’s security and integrity.

2. Network Gas Fees

$AXIS tokens are used to pay for transaction fees on the Axis Chain network, including smart contract execution and transfers.

Incentive: Gas fees support the operation of the network and are distributed to validators, ensuring ongoing participation and security.

3. DeFi Staking, Liquidity, and Collateral

$AXIS tokens can be used as collateral in DeFi applications within the Axis Chain ecosystem, allowing users to engage in staking, liquidity provision, and borrowing/lending activities.

Incentive: Token holders earn passive rewards and yield by participating in DeFi services, increasing liquidity and capital efficiency.

4. Voting and Governance

$AXIS token holders participate in governance decisions, such as asset support, fee structure changes, and other key network parameters.

Incentive: Token holders can vote on proposals, ensuring that the network evolves based on the collective will of its community, fostering decentralized decision-making.