🚨$AXL The AXL Token in Brief🪙📰🚨
We call it the future Bitcoin!
Hello everyone, let me explain to you why this token is undervalued 😊!
The AXL token is the native token of the Axelar network, which is a universal coverage network that securely connects all blockchain ecosystems, applications, assets and users to ensure Web3 interoperability. The AXL token serves three main functions:
- 1️⃣It serves as a means of payment for transaction fees and any other network usage fees, which are paid by users to validators who manage the network.
- 2️⃣It is used by holders and their agents to bring into play and to exercise governance over proposals (such as a change of parameter or an update of the protocol).
- 3️⃣It offers rewards to support decentralized Proof-of-Stake consensus that secures the network and validates on-chain transactions. Validators receive AXL rewards to encourage them to continue securing the network.
Some advantages of the AXL token are:
- It enables secure and efficient cross-chain communication over a network of dynamic validators, unlike other projects that use optimistic configurations or federated multi-sigs📱📲.
- It facilitates the development of cross-chain applications, without the need to learn a new programming language, thanks to the protocols, APIs and tools provided by Axelar.🎓
- It promotes the growth of the Web3 ecosystem, incentivizing ecosystem creators and community contributors to use and build on the Axelar network.💰
I hope this summary was helpful to you. If you liked this information leave a like 💋 😊
Source: https://axelar.network/, https://coinmarketcap.com/currencies/axelar/
