AXIO cryptocurrency
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Axio is a cryptocurrency backed by revolutionary assets designed to address the many shortcomings found in
Existing cryptocurrencies, such as the lack of identifiable intrinsic value, extreme volatility and non-compliance with
business activities. Axio is not simply a cryptocurrency, but a component of a patent-pending crypto currency system. In this system, it will provide a stable intrinsic value, interest payments,
privacy, transparency, secure ownership, free real-time transactions, borderless international transferability and
switchability, a range of payment methods, free basic account services and legal framework. But above all,
Axio is designed to serve the people. For this purpose, it was established based on the opposite principles
to the current system, such as deflation instead of inflation, public control and transparency for the common good
instead of secrets for private gain. To operate in the current monetary system, Axio will be released as
Privacy under US law with all implied advantages. It will provide significant protection from
issues related to other cryptocurrencies and the old banking system. With its many advantages,
Axio is positioned to become a dominant player in the race to create the next generation of cryptocurrencies. As
as such, it has great potential.
Axio like money
Money itself is an abstract idea with no value outside of a monetary system as it works
Environment. Therefore, every attempt to make a viable currency must include all the major components of
monetary system. At a minimum, this system must provide the means to maintain an account, to perform
deal with, and resolve disputes, as well as grant and service loans. While money provides means
to implement such a system.
Axio is not merely an attempt to create a better currency, this project intends to use blockchain
technology to overcome the current monetary system. Being a part of the monetary system will allow
Axio to overcome the difficulties of market acceptance by providing a complete low-cost solution to proceed. follow
level of privacy, vulnerability to crime, legal uncertainties, as well as very slow and expensive transactions. But
the main problem with the decentralized model is that there is no one to help when problems arise. This has
become evident in the light of enormous losses due to theft and fraud.
A solution to these and many other problems is to employ blockchain technology to implement a
transparently and democratically operated central authority whose mandate is to serve its customers. We called
it the Axios Foundation.
The Foundation will be operated in a similar way to a credit union, which is a financial cooperative
controlled by its members and operated on the principle of people helping people. The Foundation will disburse
all excess profits from its operations as interest payments to its members, thus efficiently recycling the interest
payments back into circulation, permitting repayment of outstanding loans, preventing the exponential growth
of debt, and ensuring the stability of the monetary system.
Blockchain Technology
The Axio is an asset-backed cryptocurrency that will be issued by the Axios Foundation and will be held in
accounts managed by the Foundation. All axios will be issued as Axio-denominated loans. The outstanding loans
will represent all axios in circulation. As a loan principal is paid, axios comprising that payment will be
extinguished. The Foundation will record all loan activity in a blockchain that will be published as a record. For
example, when the Foundation issues a loan to a borrower, the loan information will be added to a ledger in a
form of a public blockchain, and an amount of axios being borrowed will be issued and transferred to the
borrower. When the borrower makes a loan payment, the amount of principal paid will be extinguished and all
this information will be recorded in the blockchain.
The blockchain record of lending activity will enable a daily end-of-day audit. In every reporting period, an
independent auditor will be able to use this information to certify that at the time of the audit, the total amount
of outstanding loan principal is equal to the total amount of axios in circulation. This arrangement will account
The Axios Foundation will issue Axio-denominated loans and collect interest on them. Thus, the Axio will
be backed by the intrinsic value of borrowers’ efforts to pay off their loans. That is, the Axio will be directly
backed by the intrinsic value of work that represents the real value, rather than a by-product of work, such as
gold. Since borrowers’ efforts to pay off their loans are a stable commodity, the intrinsic value of the Axio should
be stable. And unlike commodity-backed cryptocurrencies that have a fractional reserve value, the Axio will be
fully backed by the full faith and credit of the borrowers.
While the intrinsic value of the Axio may remain stable, its market value will be set by price discovery on
the exchange. This may lead to the Axio being excessively overvalued or undervalued relative to its intrinsic
value (i.e., the total value of assets minus liabilities held by the Foundation divided by the amount of axios in
circulation). In such circumstances the Foundation may take corrective actions. If the Axio is overvalued, the
Foundation may increase the amount of axios in circulation. For example, the Foundation may lower the interest
rates, boost lending, or it may reduce Axio reserves. Similarly, if the Axio is undervalued, the Foundation may
decrease the amount of axios in circulation. For example, the Foundation may raise the interest rates, curtail
lending, or it may increase Axio reserves.
Transparency
The Axios Foundation will operate openly and transparently to benefit its members. To achieve this, all the
details of its operations including operating expenses, outstanding loans, amounts on deposit, amounts in
reserves, profits, etc. will be published in a blockchain to show the financial status of the Foundation. The
Foundation itself will be democratically operated by its members similarly to a credit union, with each member
controlling one vote, enabling them to equally participate in making decisions and creating policies.
services. To find out more people can find more information below.
WEBSITE: https://axios.foundation/
WHITEPAPER: https://drive.google.com/file/d/1KlFhTMHWWsYii2tM-yBfSZAVCADLDksj/view
PLANS: https://drive.google.com/file/d/1yEcGMDiBO6SntVf1zhxefDxUNPukeVj9/view
BLOG: https://drive.google.com/file/d/1yEcGMDiBO6SntVf1zhxefDxUNPukeVj9/view
TWITTER :https://twitter.com/AxiosFoundation
TELEGRAM: https://t.me/axios_foundation
Bitcointalkprofile: https://bitcointalk.org/index.php?action=profile;u=2674052
My proof of stake ID: GL4NWE