Download - Axia Protocol Protocol Whitepaper 2020.pdfEpoch 1 lasts 180 days: 7,200 AXIA daily emissions = 1,296,000 tokens Epoch 2 lasts 180 days: 3,600 AXIA daily emissions = 648,000 tokens

Transcript
Page 1: Axia Protocol Protocol Whitepaper 2020.pdfEpoch 1 lasts 180 days: 7,200 AXIA daily emissions = 1,296,000 tokens Epoch 2 lasts 180 days: 3,600 AXIA daily emissions = 648,000 tokens

AXIA PROTOCOLO F F I C I A L W H I T E PA P E R

A Decentralized Crypto Index Fund

Page 2: Axia Protocol Protocol Whitepaper 2020.pdfEpoch 1 lasts 180 days: 7,200 AXIA daily emissions = 1,296,000 tokens Epoch 2 lasts 180 days: 3,600 AXIA daily emissions = 648,000 tokens

Every investor in cryptocurrencies have at one point or another been faced with the dilemma associated with Active Investing (which basically means looking through bulk of assets while trying to build a portfolio). The process is usually time consuming and often times investors are unable to make up their minds on which assets to buy or how to create a balanced portfolio that will continue to grow in profits over time. A lot of times, investors have ended up regretting their investment choices as the asset(s) they put their hard earned money in spiralled down to zero. Smart investors are those who would seek to passively invest in cryptocurrency assets in such a way that they are able to match market returns instead of trying to beat them. This is especially true when these investors are people who have other interests they enjoy and cannot afford to spend hours in front of a computer endlessly looking through CoinMarketCap for which tokens to buy. Also, Index Investing has proven to outperform Active Investing by 80% - 90% of the time.

INTR

OD

UC

TIO

N

www.axiaprotocol.io 02

Page 3: Axia Protocol Protocol Whitepaper 2020.pdfEpoch 1 lasts 180 days: 7,200 AXIA daily emissions = 1,296,000 tokens Epoch 2 lasts 180 days: 3,600 AXIA daily emissions = 648,000 tokens

03

ABOUT AXIA

PROTOCOL

A x i a P ro t o c o l i s a D e c e n t ra l i ze d p l a t fo r m fo r Cryptocurrency Index Fund management which presents cryptocurrency enthusiasts/investors with opportunities of one-time investments in baskets of cryptocurrencies (Axia Funds) saving them time and energy that would have been spent sifting through thousands of tokens in search of which ones to buy for a portfolio. With Axia Funds, investors can be rest assured that their portfolio will only grow in profits over time. Arbitraguers can also take advantage of changes in the prices of the tokens across the Funds. Participants will be rewarded with Axia Tokens for providing liquidity to Axia Balancer pools when they stake their Axia Fund Tokens (AFT) on the dapp. An additional reward for LPs is that they will also earn BAL tokens from the weekly emissions being distributed to all LPs on the Balancer platform.

www.axiaprotocol.io

Page 4: Axia Protocol Protocol Whitepaper 2020.pdfEpoch 1 lasts 180 days: 7,200 AXIA daily emissions = 1,296,000 tokens Epoch 2 lasts 180 days: 3,600 AXIA daily emissions = 648,000 tokens

04

Axia Protocol will launch with two Funds which will track two popular benchmarks in the cryptocurrency ecosystem from which investors can choose. These are:

i) Oraclesii) Decentralized Finance (DeFi)

Each will be represented by index tokens which will be backed by a pool of ERC20 tokens in a ratio on both Uniswap and Balancer. This ratio will be maintained by Balancer's algorithm as the tokens fluctuate in price.

AXIA

TRB

LINK

BAND

ZAP

AXIA

ETH

COMP

SNX

BAL

ORACLE FUND DeFi FUND

AXIA

ETH

SWAP FUND

www.axiaprotocol.io

Page 5: Axia Protocol Protocol Whitepaper 2020.pdfEpoch 1 lasts 180 days: 7,200 AXIA daily emissions = 1,296,000 tokens Epoch 2 lasts 180 days: 3,600 AXIA daily emissions = 648,000 tokens

05

AXIA TOKEN

AXIA, the token that powers the protocol is an ERC20 token with both inflationary and deflationary features.

INFLATION

Inflation: AXIA has an emission schedule which spans through several Epochs. During each epoch, a specific number of AXIA are minted which will be distributed to stakers on the protocol.

DEFLATION

A 2% fee is charged on every AXIA unstake transaction. This fee is removed from the token supply and burnt.

BASIS POINTS

A 0.15% fee (equivalent to 15 Basis Points) is deducted on every transaction processed within the protocol. This fee is refunded to the emission contract where it accumulates until the end of the 10th Era (when all the Reward Allocation would have been fully emitted). Emissions for the 11th Era and beyond will be made from the fees that had accrued since the protocol launched.

www.axiaprotocol.io

Page 6: Axia Protocol Protocol Whitepaper 2020.pdfEpoch 1 lasts 180 days: 7,200 AXIA daily emissions = 1,296,000 tokens Epoch 2 lasts 180 days: 3,600 AXIA daily emissions = 648,000 tokens

06

AXIA INDEX TOKEN

These are the liquidity tokens which are minted to Liquidity Providers (LPs)

everytime they add liquidity to Axia Funds (i.e Balancer pools owned by AXIA). Axia

Index tokens (which represent each fund) can in turn be staked to earn rewards

in AXIA tokens. Participants can easily add liquidity using ETH, AXIA or any of the ERC20 tokens that make up the Funds

www.axiaprotocol.io

Page 7: Axia Protocol Protocol Whitepaper 2020.pdfEpoch 1 lasts 180 days: 7,200 AXIA daily emissions = 1,296,000 tokens Epoch 2 lasts 180 days: 3,600 AXIA daily emissions = 648,000 tokens

07

AXIA EMISSION SCHEDULE

AXIA has a unique distribution mechanism. The distribution of Axia tokens is split into Epochs (periods each lasting 180 days) during which specific amounts of tokens are minted on a daily basis and distributed to users. After an epoch ends, the daily emission amount is halved and a new epoch begins. See figure below;

After AXIA's emission supply on the contract has been fully emitted, the contract begins to emit the accumulated basis points daily. This continues in an unending cycle as long as there is activity within the protocol.

Epoch 1 lasts 180 days: 7,200 AXIA daily emissions = 1,296,000 tokens

Epoch 2 lasts 180 days: 3,600 AXIA daily emissions = 648,000 tokens

Epoch 3 lasts 180 days: 1,800 AXIA daily emissions = 324,000 tokens

Epoch 4 lasts 180 days: 900 AXIA daily emissions = 162,000 tokens

Epoch 5 lasts 180 days: 450 AXIA daily emissions = 81,000 tokens

Epoch 6 lasts 180 days: 225 AXIA daily emissions = 40,500 tokens

Epoch 7 lasts 180 days: 112.5 AXIA daily emissions = 20,250 tokens

Epoch 8 lasts 180 days: 56.25 AXIA daily emissions = 10,125 tokens

Epoch 9 lasts 180 days: 28.125 AXIA daily emissions = 5,062.5 tokens

Epoch 10 lasts 180 days: 14.0625 AXIA daily emissions = 2,531.25 tokens

www.axiaprotocol.io

Page 8: Axia Protocol Protocol Whitepaper 2020.pdfEpoch 1 lasts 180 days: 7,200 AXIA daily emissions = 1,296,000 tokens Epoch 2 lasts 180 days: 3,600 AXIA daily emissions = 648,000 tokens

08

There are two major ways to become a user on the Axia Protocol:

YIELD FARMING:Here, the Axia Fund Tokens (from Uniswap and Balancer pools) can be staked on the protocol (via the dapp) to earn rewards in AXIA tokens. Rewards will be distributed according to the weights of users.

30% of the daily emissions will be shared among Axia Fund Token farmers while 50% of AXIA emitted daily will be shared to AXIA UNI-V2 Token stakers. To be eligible to receive daily rewards, AFTs must have been staked for a minimum duration of 18hrs.

AXIA TOKEN STAKING: Users who prefer to stake AXIA tokens only can do so and recieve out of the 20% of daily emitted amounts allocated to Lone stakers. Tokens must also be staked for a minimum of 18hrs to be eligible to receive daily rewards. Also, a 1% fee is charged everytime tokens are unstaked. This fee is removed from the circulating supply and burnt.

HOW TO PARTICIPATE

www.axiaprotocol.io

Page 9: Axia Protocol Protocol Whitepaper 2020.pdfEpoch 1 lasts 180 days: 7,200 AXIA daily emissions = 1,296,000 tokens Epoch 2 lasts 180 days: 3,600 AXIA daily emissions = 648,000 tokens

09

TOKENOMICS

Total Supply: 3,800,000

Emissions: 2,589,468.75

Initial Circulating Supply: 548,939

Initial Liquidity (Uniswap & Balancer) : 641,592.25

www.axiaprotocol.io

Initial Liquidity(Uniswap &

Balancer)641,592.25

Initial Circulating

Supply548,939

Team Token20,000

Emission2,589,467.75

Page 10: Axia Protocol Protocol Whitepaper 2020.pdfEpoch 1 lasts 180 days: 7,200 AXIA daily emissions = 1,296,000 tokens Epoch 2 lasts 180 days: 3,600 AXIA daily emissions = 648,000 tokens

Got questions? Join any of our social media channels

to get answers.

Thank you!