Axion

Grumpypants · 29-11-2020 10:54pm

myshirt wrote: »

I opened a ticket on tn Discord and the mod said you can withdraw after the auction, and that it autostakes. Said nothing about waiting 14 days to withdraw.

I lost my auction "winnings" in any event so bad day.

It's an auction purchase so you can lose it. I just withdrew mine today. It goes into a 14 day staking and then I'll have to withdraw again.

Whelo79 · 29-11-2020 11:23pm

Yeah you just withdraw from the auction page and it goes straight into the staking page where it suits for 14 days until you claim it.

joe250 · 29-11-2020 11:25pm

Anyone buy today? 1 ETH would get you around 3000000 AXN

Whelo79 · 30-11-2020 12:16am

If I had any spare cash I'd be snapping up this price.

joe250 · 30-11-2020 12:22am

Whelo79 wrote: »

If I had any spare cash I'd be snapping up this price.

Same here. Can't relax all day. Will I won't I buy.

myshirt · 01-12-2020 5:43pm

Gas prices gone crazy again. Guess it's not an issue with Axion though.

Any thoughts on what's driving it? Haven't seen them drop below 100 gwei. Mostly near 200.

Tango One · 01-12-2020 7:18pm

Is it the 14 day unstaked auction tokens that is driving the price down

myshirt · 01-12-2020 9:20pm

Who is this Sheldon Evans guy on YouTube?

Take a look at the comments below his videos. All from accounts set up within the last month. Stock photos, and bizarre phrasing / language used. Whoever is making the comments is not a client English speaker.

Who is this guy?

Whelo79 · 01-12-2020 11:16pm

People selling their AXN to rebuy into the auction and get the bonus seems to be causing the downtrend. Once that ends (big auction pool drys up) we will see an uptick again. At the current price it will only take around 3,000ETH to buy up the auction pool. There was 2,300+ in the last auction.

Sheldon is on the Discord. He was just an active holder who made a video that got great traction, and he has made a few more since. He has his own YouTube account years about investing and having passive income streams, that's why he was drawn to Axion.

You will no doubt get a lot of Axion holders setting up YouTube accounts to comment and up vote the videos, I'd say that's what you are seeing.

myshirt · 01-12-2020 11:45pm

Whelo79 wrote: »

People selling their AXN to rebuy into the auction and get the bonus seems to be causing the downtrend. Once that ends (big auction pool drys up) we will see an uptick again. At the current price it will only take around 3,000ETH to buy up the auction pool. There was 2,300+ in the last auction.

Sheldon is on the Discord. He was just an active holder who made a video that got great traction, and he has made a few more since. He has his own YouTube account years about investing and having passive income streams, that's why he was drawn to Axion.

You will no doubt get a lot of Axion holders setting up YouTube accounts to comment and up vote the videos, I'd say that's what you are seeing.

Some of it is real sycophant language. Read the marketing ideas thread on the Discord. The discussion is not about the technology or tokenomics, it's about creating FOMO, peer pressure, and hiring in influencers who are known to have an audience that trusts them, and supplying that person with a script so the messaging is managed.

Some guy said he can hook the project up with some FB page with 200k users who will shill any coin you want as long as it has a referral program. That's the only condition.

It's these guys that would put you off. The more I read about this the more I like it though, even if they do take 20% of the ETH.

On a separate note, anyone have the detail on what happened with Hex?

Dohnjoe · 02-12-2020 12:20am

myshirt wrote: »

Some of it is real sycophant language.

On a separate note, anyone have the detail on what happened with Hex?

People who put a lot of money into one coin can become a bit like that, it's good to stay detached

Hex was considered to be quite scammy last I read

myshirt · 02-12-2020 12:27am

Dohnjoe wrote: »

People who put a lot of money into one coin can become a bit like that, it's good to stay detached

Hex was considered to be quite scammy last I read

Looks like the founder made an absolute fortune.

Whelo79 · 02-12-2020 9:44am

myshirt wrote: »

Some of it is real sycophant language. Read the marketing ideas thread on the Discord. The discussion is not about the technology or tokenomics, it's about creating FOMO, peer pressure, and hiring in influencers who are known to have an audience that trusts them, and supplying that person with a script so the messaging is managed.

Some guy said he can hook the project up with some FB page with 200k users who will shill any coin you want as long as it has a referral program. That's the only condition.

It's these guys that would put you off. The more I read about this the more I like it though, even if they do take 20% of the ETH.

On a separate note, anyone have the detail on what happened with Hex?

I hadn't read that thread myself, but generally that's what marketing/advertising is about. Top end marketing is not a nice world. It's about making people think they want something a) because everyone else has it, b) it will make them look cool c) it will make them feel better, d) they will get rich, etc etc etc. And yes there will definitely be people invested in any project who will want to push things to the very edge of what some people are morally comfortable with. Money makes people do crazy things.

Many other cryptos pump hundreds of thousands into marketing or pay crazy money for exchange listings.

Whelo79 · 02-12-2020 12:02pm

Dohnjoe wrote: »

People who put a lot of money into one coin can become a bit like that, it's good to stay detached

Hex was considered to be quite scammy last I read

From what I know, Richard Heart (HEX founder) got 100% of all ETH from the HEX auctions. He also then staked all his bags of HEX, including HEX in the OA, two days before their one and only BPD, and enormously reduced the payout people were expecting.

joe250 · 03-12-2020 8:13am

"@everyone
To assist with positive AXN token movement:

For this week, the Weekly Mega Auction has been altered to 5% below the moving average Uniswap price.
Auto-stake remains at 14 days."

Update from axion to address the issue with getting more tokens for 1 ETH on uniswap then on the auction.

EndaHonesty · 03-12-2020 7:36pm

Is 0.0007 possible again?

Whelo79 · 03-12-2020 8:51pm

EndaHonesty wrote: »

Is 0.0007 possible again?

Absolutely.

joe250 · 03-12-2020 9:23pm

So over paid for it in the last 2 auctions?

Tango One · 03-12-2020 9:43pm

Whelo79 wrote: »

Absolutely.

I will sharpen my pitch fork so whelo

Whelo79 · 04-12-2020 8:28pm

@everyone

It’s finally here

The Axion Credit Card Integration, in partnership with https://connect.financial/

Unlike other cryptocurrency cards, the Connect Card is a Visa credit card. This gives it two significant advantages over prepaid debit cards: you can spend using credit, and you can use it for pre-authorised transactions, such as at hotels, gas stations or pay-per-click advertising.
With the Connect card you can:
- Control your funding sources
- Manage both fiat currency and cryptocurrency
- Increase your spending power by up to 180%
- Continue to benefit from any increases in the value of your cryptocurrency

When you load your cryptocurrency (such as Bitcoin) as collateral, Connect extends you a line of credit based on a percentage of its value – boosting your card spending power by around 180%. This way you can spend while keeping your cryptocurrency intact: you’ll never lose out by having to liquidate it early.

Connect credit cards are anticipated to be shipped out by the end of January,

Their CEO @Connect_Financial will be doing an AMA in fourty-five minutes at 12pm PST in the #connect-ama channel, that will go live right at 12pm.

joe250 · 04-12-2020 8:41pm

Got Over 2 million AXN today for 0.5 ETH

myshirt · 04-12-2020 10:19pm

joe250 wrote: »

Got Over 2 million AXN today for 0.5 ETH

Nice.

myshirt · 04-12-2020 10:20pm

Whelo79 wrote: »

@everyone

It’s finally here

The Axion Credit Card Integration, in partnership with https://connect.financial/

Unlike other cryptocurrency cards, the Connect Card is a Visa credit card. This gives it two significant advantages over prepaid debit cards: you can spend using credit, and you can use it for pre-authorised transactions, such as at hotels, gas stations or pay-per-click advertising.
With the Connect card you can:
- Control your funding sources
- Manage both fiat currency and cryptocurrency
- Increase your spending power by up to 180%
- Continue to benefit from any increases in the value of your cryptocurrency

When you load your cryptocurrency (such as Bitcoin) as collateral, Connect extends you a line of credit based on a percentage of its value – boosting your card spending power by around 180%. This way you can spend while keeping your cryptocurrency intact: you’ll never lose out by having to liquidate it early.

Connect credit cards are anticipated to be shipped out by the end of January,

Their CEO @Connect_Financial will be doing an AMA in fourty-five minutes at 12pm PST in the #connect-ama channel, that will go live right at 12pm.

Interesting. I wonder what their rates will be.

If you stake or front the AXN as collateral, be interested to see their model and where their risk lies.

Grumpypants · 04-12-2020 11:14pm

joe250 wrote: »

Got Over 2 million AXN today for 0.5 ETH

it's tumbling fast. 1.8 in the auction last week was 1Eth.

What's driving the collapse?

Dohnjoe · 05-12-2020 1:08am

Grumpypants wrote: »

it's tumbling fast. 1.8 in the auction last week was 1Eth.

What's driving the collapse?

Dunno but it's an extreme crypto moon shot, they move sharply.

Whelo79 · 05-12-2020 1:59am

Grumpypants wrote: »

it's tumbling fast. 1.8 in the auction last week was 1Eth.

What's driving the collapse?

The weekly auction being so big is the cause. People selling their AXN to buy back into the auction is the main problem. As soon as the auction sells out or gets low enough to stop people doing that it should stabilise.

joe250 · 05-12-2020 12:27pm

Am I the only one still buying?

Whelo79 · 06-12-2020 4:57pm

I'm definitely buying. This is the price I got in at, never thought I'd see it again.

snowstreams · 06-12-2020 5:47pm

I'm down 50% now.
So it's kind of hard to keep buying. Then again buying a large amount now would lower down my average price.

joe250 · 06-12-2020 6:02pm

snowstreams wrote: »

I'm down 50% now.
So it's kind of hard to keep buying. Then again buying a large amount now would lower down my average price.

Down about the same. Purchase just under 4.5 million yesterday to try bring down my average.
Staking them for 2 months.

Dohnjoe · 06-12-2020 6:07pm

snowstreams wrote: »

I'm down 50% now.
So it's kind of hard to keep buying. Then again buying a large amount now would lower down my average price.

Be careful. Sunken cost fallacy is a thing. I've seen investors chase an alt as it went -50%, -80%, -95%, etc. Throwing money into a pit. People who keep chasing it can get psychologically locked into a spiral of constantly claiming it will "bounce back", "big news soon", "this is normal", etc, etc, very common.

There are thousands of alts, many have dropped vastly in value, quite a few have completely died. You are essentially chasing a "moon shot", a lottery chance that the team doesn't **** up, the token doesn't tank for random factors, there are no exploits, the market holds, etc, etc, etc and then if you are lucky, you can possibly make nice gains

All that aside, it could go the other direction. As always only put in what you can afford to lose.

myshirt · 07-12-2020 8:08pm

It is possible to self refer also, which I didn't realise.

Whelo79 · 08-12-2020 12:50pm

myshirt wrote: »

It is possible to self refer also, which I didn't realise.

Yeah it is, you need two separate wallets to do it. You can't self refer through the same wallet. Same goes for any referral programme really.

myshirt · 08-12-2020 7:24pm

Sidebar, anyone using the Ledger Wallet?

See a lot of bad press at the mo. But you can link it to MetaMask and other wallets. I wonder how that works given the Ledger has its own private key, and these wallets already have a private key. How does that work when you want to sign a transaction?

Daithi40 · 09-12-2020 2:46am

Whelo79 wrote: »

Yeah it is, you need two separate wallets to do it. You can't self refer through the same wallet. Same goes for any referral programme really.

tbh - and not to be rude - even if i had 10 wallets, this would not be for me.... doesnt feel ok to me.... and yeah i know i know... feelings shmeelings

Whelo79 · 09-12-2020 11:00am

Daithi40 wrote: »

tbh - and not to be rude - even if i had 10 wallets, this would not be for me.... doesnt feel ok to me.... and yeah i know i know... feelings shmeelings

The project or the self referral?

Self referring does feel a little like stealing IMO. But it is part of the system, and has been highlighted from a long way back, therefore people will do it and be happy about the extra % they gain.

myshirt · 10-12-2020 10:07pm

So what staking strategies are you guys following?

joe250 · 10-12-2020 10:12pm

I am staking mine for 6 weeks at a time with 4 different stakes at 2.5 million each.

Also have 1 year stake of 500000.

Whelo79 · 10-12-2020 11:28pm

Nice new little video here explaining Axion. It's like something Coinbase would make up for their new listings.

https://www.youtube.com/watch?v=2i0pSmWL_hk&feature=youtu.be

Whelo79 · 10-12-2020 11:30pm

joe250 wrote: »

I am staking mine for 6 weeks at a time with 4 different stakes at 2.5 million each.

Also have 1 year stake of 500000.

I think I've listed my stakes on here before but I have various, from a rolling short term stake, currently for 30 days, right up to 2.5m tokens for 15 years.

myshirt · 11-12-2020 8:08am

Such are the gas fees for interacting with this contract, no point staking short.

I've a few stakes across 1-3 month maturity periods now.

Whelo79 · 11-12-2020 7:16pm

Nice little article here promoting Axion as a safe alternative to conventional crypto trading.

https://zerohedge.com/news/2020-12-11/cryptocurrencies-revisited-why-investors-are-justly-skeptical-about-traditional

Whelo79 · 12-12-2020 10:43pm

4 days ago I staked 25m AXN for 30 days and have already received over 500k AXN in interest/divs. The price is temporary, but the accumulated AXN is permanent (until you sell). Serious rewards to be had here.

Tango One · 13-12-2020 12:54am

Whelo79 wrote: »

4 days ago I staked 25m AXN for 30 days and have already received over 500k AXN in interest/divs. The price is temporary, but the accumulated AXN is permanent (until you sell). Serious rewards to be had here.

Whelo your like our axion cult leader you talked me into restaking for a month

Whelo79 · 13-12-2020 1:06am

Tango One wrote: »

Whelo your like our axion cult leader you talked me into restaking for a month

Haha, I'm definitely no cult leader. At the current price you definitely don't want to just have your coins sitting liquid, unless you are going to be constantly trading and trying to time highs and lows.

There is so much to be made from staking it just makes sense to stake. For me it's all about forgetting short time price action and accumulate AXN through interest/divs/auction. Of you can lock your AXN away for 12+ months that's even better. When the Dev fund is removed the stake percentage for this project is over 80%, that's huge.

deathbomber · 13-12-2020 1:21am

Whelo79 wrote: »

Haha, I'm definitely no cult leader. At the current price you definitely don't want to just have your coins sitting liquid, unless you are going to be constantly trading and trying to time highs and lows.

There is so much to be made from staking it just makes sense to stake. For me it's all about forgetting short time price action and accumulate AXN through interest/divs/auction. Of you can lock your AXN away for 12+ months that's even better. When the Dev fund is removed the stake percentage for this project is over 80%, that's huge.

I know we all live the crypto dream but your dream with Axn is a dream too far.

Whelo79 · 13-12-2020 9:32am

deathbomber wrote: »

I know we all live the crypto dream but your dream with Axn is a dream too far.

Thank you for your reasoned, well researched and articulated opinion, internet stranger.

Whelo79 · 13-12-2020 11:59am

https://axionstats.info/

Nice little statistics page here showing everything from price, circulating supply, total supply to percentage of AXN staked and average stake length.

Dohnjoe · 16-12-2020 4:04pm

Tried a one month stake there to test it, requires 40 euro worth of Eth fees just to unstake, jesus christ

Whelo79 · 16-12-2020 5:04pm

Dohnjoe wrote: »

Tried a one month stake there to test it, requires 40 euro worth of Eth fees just to unstake, jesus christ

The fees are all to do with timing. Try again later and you will see a difference. I notice the highest ETH fees are usually between 11am to 3pm. It's all to do with traffic volume on Uniswap at the time.

Axion

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