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AXIA Launches Staking Program With 192% Potential Annual Yield -Breaking

by Mike Robinson

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AXIA Announces Staking Program, With 192% Potential Annual Yield
  • AXIA’s AXC Coin Staking Program has been launched.
  • Users are protected from volatility in the market and inflation by using the Staking platform
  • AXC members can receive the highest annual reward at 192 percent

AXIA Coin (AXC), which bills itself as the world’s first hyper-deflationary crypto, has launched its staking program that offers flexible daily rewards to users.

Users can earn daily rewards by removing AXC from circulation during certain times. Users can receive a maximum annual reward up to 192% according to the platform.

The average annual percentage yield (APY), of US banks, stands at 0.066% in October. This means that savings account interest rates are extremely low across the developing world. Banks are flooded with cash from customers, which is deposited into savings accounts during the current pandemic. This is in addition to the inflation hike. Private customers that bank using fiat money are likely to see their funds value decline over time as a result of fluctuating interest rates and currency fluctuations.

Meanwhile, AXIA’s motivation for the staking program is to offer its users protection against inflation rates. The continuous growth of AXC ecosystem is possible by staking AXC. This reduces the available supply. Each stake is used by AXIA to reduce the circulating supply of AXC and increase its value.

The AXIA Treasury supports the AXC Treasury, which in turn creates an additional value. Over time, AXC supply decreases and the treasury has the ability to grow. The tokens are then in short supply, which rewards early adopters as well as the whole community for participating in the stake project.

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