FAQs

What can be done with the AXE PWA?

The AXE PWA (progressive web app) was built to allow our users to have access to a fully-featured version of the AXE platform, built for mobile devices but also can be used on any desktop or screen size.

Users can place trades with Crypto and Synthetic Stocks (Options coming soon) with leverage up to 1000x. At this time, users are able to view their Withdrawal transactions in the PWA. The team is currently hard at work on enabling Deposit histories, as well as the ability to withdraw and deposit funds to and from the platform.

What's the difference between the AXE Telegram Bot and the PWA?

The AXE Telegram Bot gives our users an extremely quick method to trade Crypto and Synthetic Stocks. By using the Telegram Bot's existing chat-style UI, we can provide command-line-like trading in a few clicks.

The AXE PWA is a rich, fully-featured trading interface for those who prefer not to use Telegram, or want to trade with AXE right from their mobile device's home screen or desktop browser.

How can I deposit/withdraw funds into/from AXE?

At the present time, you can only deposit and withdraw funds to and from AXE from the Telegram Bot. Support is coming very soon for the PWA.

Withdrawals from the liquidity pool take up to 48 hours. Withdrawals from trading accounts are available within minutes on the Polygon chain.

What happens if a trade gets lost or something goes wrong?

If it seems that a trade is lost or something went wrong, please contact us at [e-mail] or contact us on our Telegram channel so we can resolve the issue(s).

Do I need to connect my wallet to use the Telegram bot?

No, when you create an account with your email a proxy wallet is generated for you. This wallet can only be used on AXE and for nothing else. It is similar to other high leverage platforms.

Not required to connect my wallet? How is this possible?

We have partnerships with multiple brokers. All we do is simply supply the leverage.

Is there revenue share?

Yes. Holders of 0.1% or 1000 $AXE tokens or more will receive revenue share distribution from this wallet based on how many tokens held above the minimum: 0x4E276Cbe341d22c398A56BB71bBf6c272D4Dc6a9.

2% of both buys and sells are sent to the revenue share wallet.

There is no need to stake, simply hold 0.1% (1000 $AXE tokens) or more. Revenue share distribution is porportionate to the amount of $AXE held. You will be able to claim them from our website when our distribution event happens.

40% of all trading fees generated from the Axe Bot will be both shared with holders and used for buy back and burning $AXE. There is no minimum $AXE holding required to receieve this revenue share.

When will the first revenue share distribution event happen?

We will announce another rev share distribution event in the near future.

Are there any other perks to holding $AXE?

Yes. We will continually add utility to the token. The next addition in utility will be a discount on trading fees for all holders of $AXE.

Do you take any fees on trading?

Yes, giving 1000x leverage comes with its fees. We take 3% on every opening of a trade, and we have fees on profits up to 10% if the market conditions are one-directional or very volatile. (This is a change from the initial model of taking 15–25% fees on a scale for every profitable trade).

What are the limits per trade?

For Synthetic Stocks there is a $100K limit (with leverage) on each trade. This means at 1000x leverage, your max single trade amount is $100. For Crypto, there is a $30K limit (with leverage). We will increase the limits as the project grows.

Can I hold trades overnight?

You cannot hold Synthetic Stock trades overnight. There is no guarantee that overnight stocks will be open even if the leverage is less than 5x as it depends largely our internal margin requirement with brokerages. Its likely that we won't close your trade if its below 5x. You can, however, hold Crypto trades overnight and users pay funding fees every 1 hour. Synthetic Stock trades with will be closed at 3:55PM EST (5 minutes before market close).

Do you make money when users lose?

No, we do not take the other side of trades. We only profit when users do.

What are the tokenomics?

100% (1,000,000 $AXE) was added to Uniswap and locked for 6 months

5% taxes on both buys and sells (1% to liquidity, 2% to rev share wallet, 2% to development/marketing)