AXL A CENTRALIZED AND DECENTRALIZED BENEFIT
Hello guys please give your attention because I want use this medium to introduce to you all about a project not just a project a wonderful one indeed called AXL. AXL project is providing a truly decentralized system of operation to our users around the world. A truly decentralized model will have various benefits that will be enjoyed as opposed to running a centralized system.
Introduction:
Axl is a Decentralized exchange with smart routing on ETH Chain (ETH) and Binance Smart Chain (BSC) that will supports Liquidity Providing, Yield Farming, Staking, Launching IDO, NFT and Lending & borrow. Starting with the Main token of the Eco System $AXL and Ending with $Axls as a reward token for the system.
The AXL project begins with our own NFT; a form of digital art specially created by us and will be listed for sale on NFT platforms. An NFT is known as a non-fungible token and it is a unique unit of data stored on a Blockchain, they can be associated with items that can be produced digitally such as photos, audio, videos or other digital files with a unique identification through Blockchain to provide public proof of ownership. Axl will be producing 10,000 unique collectable characters inspired by AXL INU. Each art piece will be unique to the other and can be collected on whichever NFT platform they are listed on. I interested personnel can collect as many of our NFT art as they wish. Each piece can also be held and sold later for even more value.
Centralized vs Decentralized On AXL:
A centralized exchange is a third party exchange that acts as a facilitator for transactions carried out between two parties on its platform. It actually improves convenience of trading because all activities are properly managed and controlled thus loss of funds during a transaction are minimal. Before a trade is initiated, the funds are held in an account before execution. A decentralized exchange on the other hand does not have a designated authority in charge. There is no single account that holds funds before market orders are executed. Rather, the platform itself acts a mediator for matching orders directly on a peer-to-peer basis. Transactions are not kept in charge of a third party server and escrow costs and charges are eliminated. The AXL project is providing a truly decentralized system of operation to our users around the world. A truly decentralized model will have various benefits that will be enjoyed as opposed to running a centralized system. What notable differences can be found between a centralized and a decentralized model of operation?
Problems associated with Axl centralized cryptocurrency exchange
Majority of exchanges do not follow a decentralized model for operation which means it is owned by someone and crypto is stored by a third party which could raise security concerns. - Centralized exchanges could stop services and all assets stored on them will be lost instantly. - Centralized exchanges are more easily susceptible to hacks which could lead to loss of funds and private information leaked.
Features of AXL ecosystem:
Interoperability:
Interoperability is the strong point of the AXL DEX. We will fully support multi chain smart contract protocol through poly network. Currently, we support the Ethereum chain and Binance smart chain. Users with crypto assets on these platforms can carry out their trades without needing to switch from one chain to the other hence reducing costs of operations drastically. An added advantage is that if the user feels a particular Blockchain is not efficient enough, cross chain support makes it easy for the individual to switch to a different Blockchain that may be faster or may have lower transaction fees. After the staking concludes and the minting of our NFT characters is done, development of the decentralized exchange will begin in earnest.
Secondary use cases:
AXL tokens will be directly tradable on AXL DEX for other supported tokens while cross chain interoperability will allow AXL tokens to be exchanged for AXL token on another Blockchain speedily and with fewer costs.
Finally, AXL will have a decentralized borrow and lend program and users can borrow tokens from our platform and an individual can decide to lend out his tokens to another user.
Further CLEARIFICATION VISIT:
Website: https://www.axltoken.com/
Twitter: https://twitter.com/axltoken
Telegram: https://t.me/AxlToken
Whitepaper: https://axlinu.s3.amazonaws.com/documents/axl_whitepaper_v1.pdf
Authorized by
Unclelucky
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2824517