Newsonline reports that AXIA, the team behind the first-ever hyper-deflationary token announced the mainnet launch of its blockchain, the AXIA Network.
This online newspaper understands that the new network is designed to provide a “hyper-deflationary” economic model in which the cryptocurrency becomes more and more scarce as its adoption grows.
Nick Agar, the founder of the platform, in an earlier interview with Nairametrics, had teased the launch of the AXIA Network, which he described to be a layer 1 blockchain. He further went on to tout that the blockchain was built to be the most inclusive, innovative blockchain ever seen.
The AXIA blockchain is a third-generation blockchain that attempts to address problems like the lack of interoperability, speed and accessibility. The AXIA network uses a participatory hyper-deflationary system. This implies that all activity on the blockchain and within the ecosystem helps to ensure that AXIA Coin becomes scarce over time.
Blockchain mainnet launch is a significant step for every project. This is because it is the moment when a project transitions from being an idea to actuality. This year a couple of blockchain mainnets were launched. Some of the most notable include RUNE, Mono X and Bitgert Chain.
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