Leading DeFi project Axion is now on Polygon, with new services ready to be offered

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Leading DeFi project Axion is now on Polygon, with new services ready to be offered

Mar 4

In brief

  • Axion finally completed its transition from Ethereum to Polygon network.
  • It is now focused on building the world’s best staking platform, featuring a number of new features.
  • Some of them include Axion Accelerator, NFT Stake mining, the existing Axion Launchpad, and more.

DeFi project Axion just completed its transition from Ethereum to Polygon, and is now preparing to offer a number of new features and use cases for its token, AXN.

DeFi project Axion just completed its transition from Ethereum to Polygon, and is now preparing to offer a number of new features and use cases for its token, AXN.

Axion, a leading DeFi project and a developing staking ecosystem is well-known for a lot of things. One example is the fact that it offers an 8% base fixed-rate APR, where the interest can go up to 47%. Another is its launchpad that has helped numerous DeFi protocols not only see the light of day but also get sold off in mere seconds.

However, for all of its advantages, Axion was still an Ethereum-based project, and as such, it was limited by Ethereum’s technology. This is why it recently decided that it has to move to a new home  — a new blockchain — that will allow it to reach its full potential and start offering new services.

Axion moves to Polygon and prepares to launch new services

Out of the entire crypto market, the project chose Polygon’s network, and now, its move has been complete. With this move, Axion will now be able to offer incredibly low fees, as well as new services, such as the imminent NFT staking functionality.

The project is also offering additional benefits to users, such as the ability to get Particles NFT every time when they use the Axion Accelerator. Axion has a feature called Axion Collider, which uses bonus Particles NFTs that allow users to earn when they use the Accelerator, and provide them with a chance to win extra staked AXN.

Axion is also the first crypto project in the industry to offer NFT Stake mining, which it named Galaxy Stakes, as a reference to its Galaxy Generator. It is also the first cryptocurrency to offer stake splitting, allowing users to upgrade or take the top off their stake without losing the whole amount due to penalties, meant to prevent users from cashing out before their staking period has expired.

With these last two features alone, Axion can afford to call itself one of the most innovative DeFi projects in the market. Meanwhile, everything else that it was able to do, or it invented in the meantime, is an even greater bonus.

For those who don’t know, the Accelerator allows users to purchase and stake in a single transaction, which is also a unique ability in the crypto world. In every other project, users would have to buy tokens first, and then stake them in a separate transaction. By combining the two activities into a single one, Axion has spared the users from having to pay double fees. And, as mentioned, buying the coins via the Accelerator provides users with Particles NFTs, and allows them a chance to earn a bonus stake. 

Axion is creating the world’s best staking ecosystem, and so far, it has been extremely successful at doing it. Its ecosystem offers a number of incredible features utilities that also grant major use cases for its native token, which allows the token to be one of the biggest and most diverse project in the entire crypto world.