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This month, a new cryptocurrency project called the Axion Network will achieve a major milestone – it will see its mainnet launch and go public. The reason that’s so significant is that Axion represents a new breed of cryptocurrency. It’s not a utility token or an attempt at replacing fiat currencies. It’s an investment vehicle that’s aimed at one of the biggest untapped markets left in the crypto-world: mainstream income investors.

Not Just a Cryptocurrency

It aims to lure both crypto-investing veterans and traditional investors with a stable and reliable return rate that’s unheard of in all but the riskiest markets. It’s because Axion isn’t just a cryptocurrency. It’s a time-locked investment system that’s purpose-built to generate a stable inflationary curve and to fight volatility to protect investors’ principal and deliver a high ROI.

If you follow the cryptocurrency market, then you should know that its volatility is one of the major factors preventing most tokens from achieving any sort of mainstream acceptance. As it stands now, the only people who dare to delve into crypto-investing are either unafraid of losses (the very wealthy and the very brave) or the true believers who invest because they’re committed to what cryptocurrency represents. For mainstream investors though, the thought of getting wiped out in a sudden sell-off is enough to keep them away.

But now, Axion offers those investors an attractive new option. Think of it as the crypto-equivalent of a bank-issued certificate of deposit (CD). In exchange for a time-locked investment, owners of the Axion cryptocurrency receive a base return rate of 8%. With bank CDs hovering at an average 1% or lower return rate – that’s unheard of. And it’s just the beginning. Axion’s built to generate income well above that base rate.

Mechanisms Built Specifically to Curb Volatility

The high returns are a result of Axion’s innovative new approach to crypto wealth generation. It contains mechanisms built specifically to curb volatility while creating self-driven upward inflationary pressure on the price of Axion tokens. It achieves those ends by employing a high early and late unstake fee structure – much like a traditional CD’s early withdrawal penalty – to discourage unexpected token sales, and a clever daily auction system that turns the penalties collected into more value for everyone else.

It’s an approach that takes advantage of some of the cryptocurrency market’s major features. One is crypto’s unique ability to use smart contracts to automate and control market-making functions. That’s what allows Axion to auction off token penalties, and then use 80% of the daily proceeds to execute a token buyback from major exchanges on a schedule fine-tuned to produce price gains without introducing instability. And, the auction system produces all of the funding required to operate, maintain, and further develop the Axion network in the form of the remaining 20% of the auction proceeds.

Penalties to Discourage Flash Sales

The other way that Axion works to protect investors is that it doesn’t only rely on disincentives like penalties to discourage flash sales that would harm value. It also deploys a strong system of incentives that make it worthwhile for stakeholders to remain all-in for the long haul. It does this by tapping a pool of Axion that was set aside for freeclaim by owners of a different investment called HEX limited to 10 million Axion tokens, as well as for owners of Axion’s precursor HEX2T to convert their holdings to the new coin at a rate of 1:1 with no limit.

Because the freeclaim and conversion process won’t use up all of the reserved Axion, the platform will reallocate the remainder to reward investors who commit their principal for the longest periods. The first 10% of the leftover pool will be split among investors when they complete their first year of staking. Then, the distribution will increase by 5% each year up until the fifth year of Axion’s operations for those who are time-locked for the duration.

For investors, it’s free money above and beyond their 8% inflationary reward, as well as a stabilizing force that should keep Axion on course as it establishes itself as a reliable income-producing investment system for the long term. And that is, after all, the endgame Axion’s aiming for.

A Value Proposition That No Investor Can Afford to Ignore

That’s what sets Axion apart from other crypto investments – the fact that it stands a good chance of attracting new investors who may have been hesitant to try their hand in the crypto market before. It offers everything mainstream investors have come to expect from income-producing investment vehicles, and does so at a rate of return that hasn’t been available to them in decades. Together that should make Axion a value proposition that no investor can afford to ignore.

That also means it has the chance to grow even faster and stronger than most crypto projects could ever hope to match. It’s a true groundbreaker in so many ways that it’s difficult to pick a single one that makes it such a standout. And for those who get in early, it’s a chance to be a part of the future of income investing while using the staking rewards system to supercharge their returns.

It isn’t often that the crypto market witnesses the birth of a project that’s a real innovation with serious staying power, but the Axion Network’s got what it takes to revolutionize its market segment. And it’s going to make plenty of new believers once it begins to prove its worth as a source of reliable, long-term income. And you can take that to the bank.

Author: Bitcoin.com PR

Source: News. Bitcoin: Axion’s Launch is Going to Make Crypto-Believers out of Mainstream Investors

TenX’s popular Visa debit card—which lets you spend cryptocurrency without having to manually top up—has launched in Germany and Austria.
It supports Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), all of which can be spent anywhere that accepts Visa thanks to the card’s unique auto-convert ability.

In an ideal world, we’d be able to spend any cryptocurrency, anywhere we shop. But, in reality, merchants aren’t quite there yet. Luckily, TenX is here to help. Bridging the gap between blockchains and traditional fiat currencies, the TenX Visa debit card lets you spend cryptocurrency like it’s cash.

Following high demand, the card recently got the green light (in the form of an E-Money License) to launch in Germany and Austria, where it will serve a combined population of over 90 million people. So how do you know if the TenX Visa Card is right for you? Here, we’ll cover the perks of owning one to help you decide.

Move over, manual top-up: auto-convert is here

The TenX Visa Card does things differently. Unlike most competitor cryptocurrency cards on the market, which are essentially prepaid cards that you need to keep manually topping up with cash, the TenX Visa Card doesn’t need topping up at all. Instead, it auto-converts your cryptocurrency into cash at the very moment you make a payment.

“Part of the TenX mission is to help the world access cryptocurrency simply and safely, supporting users on their journey into the space by making it as easy to spend cryptocurrency as it is to spend cash,” says Toby Hoenisch, CEO and Co-Founder at TenX.

Whether you’re getting groceries in-store or renewing your Netflix subscription online, when you make a payment, the merchant receives it in their local currency. This instant, automated conversion allows for a seamless transaction—one that is just as easy as paying with a regular debit card.

Switching up your crypto spends

The TenX Visa Card and TenX Wallet App go hand-in-hand. When you make a card payment the funds come straight from your connected wallet app, with TenX working their magic behind the scenes to auto-convert your cryptocurrency. These payments can be tracked in-app (much like a neobank app lets you track your money), and you can also use it to lock your card should it go missing.

In the app there are three different wallets, one for each supported coin: Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). You can set any of these as your primary wallet—the wallet you make payments from—in the app settings, and TenX plans to add support for more cryptocurrencies in the future.

Anywhere Visa goes, TenX goes too

The TenX Visa Card enjoys all the features of Visa. Thanks to 3D secure—an added layer of real-time security—payments are protected against fraud. And, with over 54 million Visa-accepting merchants stretching across more than 200 countries, you can pay with your TenX Visa Card all around the world.

In addition, the card can also be used to withdraw money from ATMs, which is useful for traveling abroad or simply when you’re out and about. There is a fixed fee of $3.25 USD for doing this and, as usual, banks may also charge additional fees—so it’s wise to make yourself aware of this before you go ahead and withdraw any money.

Spend, buy, rinse, repeat

When you’re spending cryptocurrency, you’ll no doubt want to buy more. TenX has a solution for that too, as Toby explains: “We are thrilled to be able to once again serve customers in Germany and Austria. Our approach to re-launching our card is coupled with a brand new feature within the TenX Wallet app that makes buying crypto super simple.”

If you’re based in Australia or Europe you can benefit from this feature right now, with support for more countries in the works. Alternatively, no matter where you’re based, you can add more cryptocurrency to your TenX wallets by sending it from another wallet. It’s worth noting that here that, for the sake of security, TenX recommends you limit the amount of cryptocurrency held within your wallets to a week’s worth of expenditure.

Ready to become a TenX cardholder?

In light of the current economic climate, TenX is giving the Bitcoin.com community a boost by waiving its card issuing fee. This means, from now until May 31st, you can save $15 USD and get your TenX Visa Card for free using discount code TENXBCOM.

Your card is then free to use for the first year and, following that, it’ll remain free if you spend over $1,000 USD each year (otherwise there’s a small annual upkeep cost of $10 USD).

To get your TenX Visa Card, download the TenX Wallet App. If you’re located in a supported region (Germany, Austria, or Asia Pacific), you’ll be able to order it through the app. Otherwise, you can register your interest in-app to get notified when the card launches in your region.

Author: Bitcoin.com PR

Source: News. Bitcoin: 90 Million More People Can Now Spend Crypto With TenX

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