Powered by a financial technology company called Axen Capital’s Generation and Exchange Network, AxenCoin was first offered for sale on Friday, April 29. At the moment, the crypto asset only works as an investment instrument, according to the company’s CEO, Dante Eludier. However, the goal is to expand its usability so that people can purchase products, goods and services with it.
AxenCoin was born with a market cap of 3.2 billion assets and promises returns of 0.025% every 15 minutes through a compound interest scheme, which can be monitored in real time through axencoin.finance. Eludier noted that although the price of Axen Capital’s digital asset started at US$10, its value will fluctuate over time and then stabilize between US$120 and US$140.
AxenCoin is backed by BlockChain technology and is validated through a Smart Contract. The development of this cryptocurrency is the result of two years of studies that resulted in a unique technology in the world.
According to Dante Eludier, Axen Capital has a base of more than 2,700 clients who have already expressed their interest in acquiring the first Mexican cryptocurrency. This will allow the cryptocurrency to quickly position itself in the market, increasing its value from the first year.
AxenCoin has a reserve of 3.2 billion units. In addition to its attractive yields, the coin’s design is a real treat: AxenCoin is inscribed in binary code with the legend “A healthier, more prosperous and happier world”, a phrase that sums up Axen Capital’s philosophy.For the time being, AxenCoin can be stored in the MetaMask wallet and can be bought and/or sold through CoinMarketCap. Always looking to the future, Axen Capital will have a network of ATMs to exchange AxenCoin for fiat money throughout the country, starting with one in the state of Michoacán.
