'Hyper-deflationary' network launches mainnet amid rising inflation

AXIA, the workforce behind the novel message-to-earn strategy of AXChat, introduced the mainnet launch of its blockchain and native foreign money on Thursday. The brand new community is designed to offer a “hyper-deflationary” financial mannequin by which the cryptocurrency turns into increasingly more scarce as its adoption grows.

In accordance with its web site, the AXIA blockchain is a third-generation blockchain that makes an attempt to handle issues like the dearth of interoperability, velocity and accessibility.

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The AXIA community makes use of a participatory hyper-deflationary system. This suggests that each one exercise on the blockchain and throughout the ecosystem helps to make sure that AXIA Coin turns into scarce over time. An AXIA consultant instructed Cointelegraph that the standard monetary and financial system is ineffective, promotes inflation and exacerbates revenue disparity.

As per the AXIA, its financial mannequin differs from fiat currencies and different cryptocurrencies in that it options steady worth creation with a constantly lowering provide of AXIA Coin.

“This mannequin is constructed to offer long-term worth, safety towards speculative devices and the lack of worth we see with fiat currencies. The mannequin itself isn’t solely sustainable however will proceed to evolve over time.”

The mainnet launch follows two months after AXIA launched AXchat, a decentralized messaging platform. This blockchain-powered chatting platform permits customers to talk with family and friends whereas incomes digital foreign money rewards.

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AXIA claims that each one AXChat messages are encrypted and that accounts are protected by multi-factor authentication (MFA) for enhanced safety. Conventional messaging platforms like WhatsApp and Fb Messenger would not have these privateness options. AXIA instructed Cointelegraph that the worth different messaging purposes present is derived from customers and funneled again into for-profit and “centralized pursuits.”

A blockchain mainnet launch is a big step for each challenge as it’s the second when a challenge transitions from being an thought to actuality. Quite a lot of blockchain mainnets have been launched this yr. A number of the most notable embody RUNE, Mono X and Bitgert Chain.

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