Buying $AXE
The platform native token
Link to purchase $AXE
Purchasing $AXE tokens is a straightforward process that opens the door to a world of leveraged synthetic stock and crypto trading opportunities. $AXE tokens are the lifeblood of the AXE platform, enabling users to open positions, pay discounted fees, pay out rewards and more.
Here's how you can acquire $AXE tokens:
Steps to Purchase $AXE:
Access Uniswap Navigate to the Uniswap platform, a trusted decentralized exchange known for its secure trading environment.
Go to the ETH/AXE Pool Here is the ETH/AXE liquidity pool on Uniswap. This pool is the hub for swapping ETH for $AXE tokens.
Swap ETH for $AXE Execute the swap by selecting the amount of ETH you wish to exchange for $AXE tokens. Confirm the transaction and follow the prompts to complete the swap.
Note: there is a 5% fee for swapping in either direction.
User Benefits of Depositing $AXE for Trading Fees
Holding and using the $AXE token within the AXE trading platform ecosystem can offer significant advantages, particularly when it comes to managing trading fees.
Reduced Trading Fees:
By depositing $AXE tokens onto the platform, users can utilize these tokens to pay for their trading fees. This comes with a substantial benefit: pay 10% less for fees on profit. This reduction can effectively can add up to a nice sum, depending on the trade itself and activity frequency.
Non-withdrawable Deposits:
It is crucial for users to understand that once $AXE tokens are deposited on the platform for the purpose of fee payment, they cannot be withdrawn. This mechanism is designed to encourage the use of $AXE within the trading ecosystem and to maintain a strong demand cycle for the token. (This may change in the future.)
The non-withdrawal policy of $AXE tokens used for fees is an integral part of the platform's 'flywheel' effect. We strive to create a self-reinforcing cycle that aims to continuously increase the token's utility and value, with a concurrent and continuous enhancement of our platform feature set.
Benefits for $AXE Token Holders
In addition to the incentives and rewards and the potential for value appreciation, holding $AXE tokens comes with the unique benefit of claiming ETH periodically. This reward is derived from two primary sources, further enhancing the value proposition of holding $AXE tokens:
Trading Fees on the AXE Platform
A portion of the trading fees, 40%, generated on the AXE platform is distributed among $AXE token holders. This means that as the platform grows and the volume of leveraged synthetic stock and crypto trading increases, $AXE token holders stand to gain a share of the revenue. This mechanism not only provides an additional incentive to hold $AXE tokens but also aligns the interests of the token holders with the success and growth of the platform.
Swap Fee Distribution
In addition to the trading fee revenue, $AXE token holders are entitled to claim 2% out of the 5% fee charged on each swap transaction. This distribution comes from the fees accrued in the ETH/AXE liquidity pool on Uniswap, ensuring that token holders benefit directly from the liquidity and trading activity surrounding $AXE tokens.
- Claiming Your ETH Rewards
The process for claiming ETH rewards is designed to be straightforward and user-friendly, ensuring that $AXE token holders can easily access the benefits they are entitled to. The rewards are periodically distributed, allowing token holders to claim their share of ETH generated from trading fees on the AXE platform and the swap fee distribution.
Understanding the 5% Fee:
A 5% fee is applied to each swap, whether you are converting ETH to $AXE or vice versa. This fee plays a crucial role in maintaining the robustness, growth, and sustainability of the AXE platform:
Supporting Developers The fee contributes to compensating our dedicated devs who continuously innovate and improve the AXE platform, ensuring that it remains at the forefront of leveraged synthetic stock and crypto trading technology.
Empowering the Team A portion of the fee goes towards supporting the whole cast behind AXE. This support enables the team to focus on strategic initiatives, partnerships, and platform development, driving the platform's growth and success.
Bolstering Liquidity Liquidity is key to a smooth and efficient trading experience. The fee aids in enhancing the liquidity of both the $AXE platform by increasing trading limits and buffers, as well as the token pool itself, ensuring minimal slippage and maintaining a healthy liquidity pool on Uniswap.
Fueling Marketing Efforts To reach a wider audience and attract new users to the platform, a part of the fee is allocated to marketing and promotional activities. These efforts are essential for building a strong and vibrant community around the AXE platform.
By holding $AXE tokens, you are not only gaining access to a range of benefits on our cutting edge platform, but also participating in a rewarding ecosystem that values and incentivizes its community members. As the AXE platform continues to grow and evolve, so too does the potential for $AXE token holders to reap the benefits of their support and investment. Embrace the opportunity to be a part of the AXE community and earn baby earn!
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