, a dual chain decentralized exchange and IDO platform running on both Ethereum and BINANCE Smart Chain (BSC) is all set to go ahead with its first phase of the token launch event on 18th December.
Dual Phases, Dual Chain
The $AXL token, the underlying asset that powers the AXL DEX, will be made available to its patrons in two phases. The first one is a public one, with the tokens being made available for Gate.io users. A second private sale will be held on BSCPad and ETHPad at the same time.
Running simultaneously on both BSC and Ethereum, AXL DEX brings in the best of both worlds. DEX users are bound to a specific chain and that means that they are unable to partake in token swaps or acquisitions on other networks, making them miss out on opportunities. With AXL DEX, the two largest blockchains, Etheruem and BSC, are accessible to users of either chain, breaking down the barriers to making efficient use of tokens and increasing portfolio value without spending huge amounts on transactions or routing through CEXs to acquire assets.
The $AXL Presale
Starting 18th December, the first phase of the presale will begin and run for 10 days, ending on 28th December. Anyone can access the public sale and commit their BNB or ETH. The public sale will see $AXL being offered at a discounted rate of $0.00075 per 1 $AXL.
To participate in the sale, aspirants will need to have a METAMASK wallet with either BNB or ETH. Since AXL runs using both blockchains, users need not worry about receiving their $AXL on the wrong chain. If you don’t have these coins, you can always purchase them from your favorite exchange and transfer them to your MetaMask wallet.
Once funded, participants can head over to the AXL DEX website and connect their MetaMask wallet. Wallet owners will then need to enter the amount of BNB or ETH they want to use and execute the swap. Depending on the asset used, they will be able to buy ERC-20 or BEP-20 $AXL tokens.
One thing to note is that the AXL DEX smart contract will not distribute the $AXL tokens until the presale is complete, so don’t worry if you send your BNB or ETH and don’t immediately get the tokens!
What $AXL Owners Get
AXL DEX is more than just a decentralized platform for BSC and Ethereum assets. A DeFi platform as well, it offers everything expected from a DeFi ecosystem.
$AXL token holders will be able to take part in 4 different staking pools, both on Ethereum and BSC. The LP tokens can be further staked to receive more $AXL. There will be fixed-term farming pools too, where users will be rewarded with gaining yield and transaction fee shares, including any interest from the lending and borrowing done on AXL DEX.
AXL DEX will also act as a launchpad, offering promising projects with secure and readily available participants for their IDO. AXL users will in return gain access to projects that have the potential to be big in the future.
AXL will also allow users to mint different NFTs, along with selling or trading their existing ones, right from their personal wallet. As a DEX, the AXL platform will never hold user assets and they will remain in complete control. It is also offering its users access to 10,000 NFTs. With famous ones like 80 Zombie and 20 ELONs, patrons of the platform will also be able to invest in NFTs that they not only can own and show to their friends but hold on to these as they increase in value as the demand rises.
