Axe

Axe

AXE
$0.0006503%1.78

Key Metrics

Price$0.0006503
Real Volume (24H)$0
Marketcap$3,421.21
Fully Diluted ValuationN/A
ATH$2.6
ATH Date7/29/2019, 5:30:49 PM
ATL$0.000000028106
ATL Date4/13/2022, 11:30:43 PM
Circulating Supply7.3M
Total Supply21M
WebsiteN/A
WhitepaperN/A
Popularity Rank4194
Chart
What is Axe?

Axe is an open-source payment network that utilizes peer-to-peer cryptocurrency. The network offers a fast, portable, divisible, and inexpensive form of money that can be used securely both online and in-person against nominal transaction fees. The asset is built on the Bitcoin project and aims to be a scalable and user-friendly payment system for the world.

In addition, the Axe network offers private and instant transaction features while operating on a self-funding and self-governing model. This allows the network to reward businesses and individuals on the platform for the value they add to the network through their work. AXE coin, the cryptocurrency of the Axe network denoted by its ticker AXE, is used for making these payments.

AXE coin is a decentralized cryptocurrency based on an X-11 hashing algorithm. This highly powerful crypto mining algorithm uses 11 hashing functions to validate a block, making the coin highly secure. AXE coin also reflects faster transaction speeds and has various utilities within the Axe network. It can be used for rewarding miners and individuals running masternodes, collecting fees against transactions, and facilitating transactions between two parties. Additionally, it can be used for making payments against products and services that support cryptocurrency and can be acquired from different exchanges.

The AXE coin's budgeting system and decentralized governance have helped maintain a decentralized autonomous organizational structure (DAO) for the network. The asset's whitepaper was released on August 6, 2019, and the coin has a total supply of 21,000,000 AXE.

The Axe network is unique because it focuses on providing a user-friendly payment system that is scalable and secure. The network has a strong emphasis on private and instant transactions, which makes it an attractive option for users who prioritize anonymity and convenience. The network's decentralized governance and budgeting system ensure that it remains a DAO, which promotes decentralization and community involvement.

The Axe network has the potential to revolutionize the payments industry, particularly for those who are looking for a user-friendly, secure, and private payment system. With its fast transaction speeds and various utilities, AXE coin has become a popular choice for businesses and individuals looking to transact in cryptocurrency. The Axe network is backed by a strong community of developers and supporters, which ensures that the project will continue to grow and evolve over time.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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