AXM Coin details
Last updated
Last updated
The AXM coin is a key element of the Axiome ecosystem. It serves several important functions: payment of network fees within the Axiome Chain, providing access to all ecosystem solutions, and serving as an incredibly stable method of income generation for years to come.
The maximum coin supply is 1,000,000,000 AXM.
The issuance of new coins occurs solely through the distribution of rewards for . The reward size for mining new AXM varies from 1 to 20% per month, depending on the global ratio of all delegated AXM to all mined AXM, according to the implemented . Its task is to control the mining rates depending on market conditions.
Mining new AXM occurs with the release of each new block (~5 seconds), so the rewards will grow extremely dynamically.
In addition to the floating rate mechanism, for burning AXM are implemented to reduce the risks of hyperinflation.