Axion

The attached post from Richard Heart, the night before the Infura server went down (which went down at almost the exact planned launch time of Axion yesterday) has also added to the rumours of some external meddling to prevent Axion launching their mainnet.

All rumour and conspiracy but who doesn't enjoy a little of that

Whelo79 wrote: »

We are looking good to go. This is the latest update from the founder/lead dev.

Candidly, every single prior launch day, I've felt incredibly nervous.

But today, with seeing everything happening in the community dev channel, with all the testing coming back great, and all the code already deployed and staged, I am feeling incredibly confident and optimistic.
We are in VERY good hands, and we are damn near ready to go

What is the name of the lead dev? can't find him

Great stuff.

Man, WHELO, you must be relieved... whatever about my 1eth, I was sick that I thought you'd lost a bundle.

Whelo79 wrote: »

Yeah there's a bit of relief here alright. It's nice to see my portfolio balance jump back up considerably

I'm going to place a few stakes of varying lengths (I'm thinking 1 year, 2 years and 5 years) and keep about 30% liquid to sell on any big jumps in price.

If it goes half as well as I think it will I'll be very happy.

Where are you following the prices by the way?

It rising quite nicely nearly back at post have level.

https://www.dextools.io/app/uniswap/pair-explorer/0x0d0f908ad29bd8a9f8d99533e3ad69e2e40f3094

Whelo put me on to dextool it very good for uniswap

Tango One wrote: »

It rising quite nicely nearly back at post have level.

https://www.dextools.io/app/uniswap/pair-explorer/0x0d0f908ad29bd8a9f8d99533e3ad69e2e40f3094

Whelo put me on to dextool it very good for uniswap

There will be plenty of ups and downs today. America is just waking up so there will be some more dumping going on for a few hours I'd say.

Grumpypants wrote: »

It seems a bit wobbly. I finally got my Hex to send. Took about an hour for the page to register it was sent. Now I'm stuck on the last bit. It says they AXN is available but when I hit swap and the dots appear for a few mins then nothing happens.

This video tutorial might make it easier
https://www.youtube.com/watch?v=0FJVuloNUrA

Seems to be holding up so far hopefully an upward trend.

Dohnjoe wrote: »

You guys gonna stake yet?

Yeah will put 250k in each pot. Keep the rest liquid.

How does it work with the "shares" you get for staking, where are they held and represented exactly?

Dohnjoe wrote: »

How does it work with the "shares" you get for staking, where are they held and represented exactly?

It basically determines your payout at the end of the stake.

From the whitepaper:

Total Shares Issues = (Axion Staked * Bonus Multiplier) / Share Rate
At the beginning of the platform, the Global Share is 1 and is designed to always increase.

Increasing Share Rate
The idea of an always increasing Share Rate is to benefit the stakers which were early to stake their Axion. As the Share Rate increases, the shares issued decreases even if the staker is staking the same amount of Axion for the same duration. This is done to always make sure that the staker who staked early has better return then the staker who came late.

Calculation of the New Share Rate
Every time a user ends their stake, they burn the shares they held. At this point, the platform runs an inverse share conversion function to calculate the new share rate. The platform uses the payout (principal +interest) received at the end of the stake, the duration of the stake and the number of shares destroyed as the stake ends, to compute the new share rate. The new
share rate reflects the rate at which a user gets the same number of shares destroyed for staking all the Axion minted (post the end of the stake).

Calculation:
Initially as stake begins: shares = (input Axion + bonuses(factoring input Axion, stake days)) / Share Rate.
Inverse calculation after stake ends; New Share Rate = ((input Axion + payouts) + bonuses((factoring input Axion + payouts), stake days)) / shares destroyed

Result: If New Share Rate > Global Share Rate, New Share Rate will be used as Global Share Rate

Thus, if the New Share Rate is higher than the current global Share Rate, the global Share Rate is updated. If not, it remains the same.

Dohnjoe wrote: »

Clever ****ing mechanism to keep people from selling and reducing price too much

Exactly. This, coupled with the auction buy back, is why I reckon the price on this one is only going in one direction long term.

They say it's 8% passive returns but in reality it will be way more than that. You are looking at about 20% minimum per year I reckon.

The additional BPD's should hopefully protect against any large scale sell offs after BPD1.

Grumpypants wrote: »

Do I need more ETH for gas for stalking?

Trying to deposit and nothing is happening again.

A small amount. Stop spending every penny, jesus

Really nice touch from the Axion founder here. I don't hate much in life, but if there is one thing that really sickens me it is to see the destructive impact humans are having on the earth. This pledge is awesome.

@everyone

There’s something that I’ve never brought up to this community before. Now that everything is live and running smoothly, it’s time.

I am wildly passionate about reforestation, biodiversity, saving animals, and creating a healthy and thriving planet for future generations. When I see plastics, pollutants, and deforestation running rampant in our world, animals dying, and ecosystems going extinct, it pains me more than anything else.

Around the world, animals are helpless to the destructive effects of humanity. As a species, we have become the catalysts of mass-extinction, and it’s only going to get worse, unless we do something about it.

I believe that reforestation is the key. Creating an ecosystem, where animals are free to live without human interference not only benefits the animals, but the soil, the frequency of rainfall, and can absolutely transform the landscape. Humans rely on animals a lot more than we’d like to admit, it’s in our best interest. Deserts can be turned into lush forests, it just takes intentional effort.

All this said, I personally pledge that 1% of all ETH that goes into the auction will be donated to The Eden Reforestation Project, where $0.10 ensures that a tree is planted, and cared for until full maturity. In the process, this employs thousands of people living in poverty in developed nations, and gives them newfound hope in their lives. The Eden Reforestation Program is absolutely incredible.

This 1% does not affect anything involved in the Axion ecosystem, it is not part of the 80% for buybacks and staking, and it does not require anyone to donate, nor to have any opportunity-loss.

Just know that when you enter that auction, you are not only carving out a better future for yourself, but for the world around you as well.

I highly suggest giving this video a watch pray

https://youtu.be/goKinj8ya-E

https://edenprojects.org/

Can you unstake at any time whelo?