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axltoken
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🔥 98% of Axelar fees are directed to burning $AXL . But one burn is not enough to call a token deflationary.
The key question is how many tokens the network mints and how many it actually destroys.
If Axelar usage grows, the number of transactions and fees also increase, and therefore so does the amount burned. But the real turning point will only come when burns begin to consistently exceed the new issuance.
That’s why AXL is interesting not just as a token. It’s a bet on whether the real economy of inter-network infrastructure can generate enough fees for the deflationary mechanism to truly work.
🔥 #AXLToken
🌐 #Axelar
🔥 #TokenBurn
💰 #криптовалюта
The key question is how many tokens the network mints and how many it actually destroys.
If Axelar usage grows, the number of transactions and fees also increase, and therefore so does the amount burned. But the real turning point will only come when burns begin to consistently exceed the new issuance.
That’s why AXL is interesting not just as a token. It’s a bet on whether the real economy of inter-network infrastructure can generate enough fees for the deflationary mechanism to truly work.
🔥 #AXLToken
🌐 #Axelar
🔥 #TokenBurn
💰 #криптовалюта
token loken
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AXL AND THE DEFLATIONARY PUMP AXELAR: CAN BURNING 98% OF FEES TURN NETWORK GROWTH INTO VALUE
Cryptocurrency may have an interesting technology, a large network, and a growing number of users. But all of this does not yet mean that the network’s growth itself automatically creates value for the token holder.
Axelar has a mechanism that makes this question especially interesting.
After the Cobalt upgrade, the network directs 98% of AXL fees to burning, and the remaining 2% to the grant pool. At the same time, the network continues to mint new AXL to reward stakers and maintain security.
Axelar has a mechanism that makes this question especially interesting.
After the Cobalt upgrade, the network directs 98% of AXL fees to burning, and the remaining 2% to the grant pool. At the same time, the network continues to mint new AXL to reward stakers and maintain security.
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