What is AXEL (AXEL)?
AXEL is the native token of the AXEL Network. The network utilizes distributed computing technology to revolutionize the notion of trust in tech. With their solutions, users don't need a central authority. All participants in the AXEL Network are individual owners who operate blockchain-supported Masternodes. This makes the AXEL ecosystem resistant to censorship, offers more flexibility for content creators and sharers, and allows it to be self-governing.
Interested in the current AXEL price? Check out the live AXEL price chart above.
The AXEL Network provides a high-performance decentralized system that has various layers of hardened security incorporated into it. This gives you an unparalleled degree of confidentiality not usually accessible in this era of Big Data. Masternode operators are essential in constructing a decentralized system that can be relied on to handle confidential data. Masternodes enable the transmission of files while making sure that all transactions on the AXEL Network are safe and valid.
Additionally, the AXEL network is designed to benefit both content creators and developers. Content creators can maintain complete control over their work due to its content-addressable storage system and blockchain integration, which provides users with proof of ownership. Developers, on the other hand, can use the network for high levels of security, scalability, and performance when creating applications or data transfers.
AXEL emphasizes the significance of decentralization, which is why they have incorporated the InterPlanetary File System (IPFS) into their solutions. IPFS uses a peer-to-peer network and a distributed file system to share data. This means that multiple machines located in different parts of the world come together to offer an integrated experience for end users.
Besides, note that one of the network's features is AXEL Go. It is a cloud storage and file-sharing application that utilizes decentralized, distributed servers and strong encryption for enhanced security and privacy.
Use Cases of AXEL Tokens
In essence, the AXEL coin enables data to be transmitted through the AXEL Network. Masternodes operators must stake AXEL tokens in order to take part in the network.
Moreover, for staking tokens, operating Masternodes, and providing hardware space, users are rewarded with AXEL tokens. To know the value of these rewards, you can check the live price chart above for the current AXEL price.
Lastly, AXEL is required to access any platform's features. Additionally, this token can also be used to share files over the AXEL Network.
Who Founded AXEL?
AXEL has an international team of professionals dedicated to providing privacy and security-based technology solutions. Each member has years of experience in their field and embodies the company’s underlying principles.
The team is led by Tony Tan, who serves as the CEO and Chairman of the company. Tony created one of the first wholesale Internet Service Providers in the U.S., and he has a track record of rapidly transforming startups into large, profitable companies. Previously, Tony held global management positions at First Chicago Bank (now JP Morgan Chase), Securities Counsel, and the YMCA. Tony holds an MBA in Finance and Marketing from the University of Chicago, an MA in Economics with honors from Western Michigan University, and also a CFP certification.
Another leading team member is Ben Ow. He serves as the CTO and President of the company. Ben has an impressive track record of developing groundbreaking, revolutionary technologies. He began with a single-person venture and built it up to become a renowned computer business that included esteemed companies such as Panasonic, Fujitsu, and Acer. Additionally, Ben is the mind behind ViaCube, which was awarded the Best Of Innovation Award at CES 2006.
AXEL Tokenomics
The maximum supply of AXEL tokens is 1 billion. The distribution schedule of the tokens is not publicly available but it is expected that a considerable amount would be allocated to the development of the platform. Recall that you can check the price chart above for the current AXEL price and its recent movements.
