Buy, Trade, and Stake Axelar (AXL) on CoinList
Earlier this year, the Axelar (AXL) token sale on CoinList added more than 44,000 new token holders to the Axelar community.
Since then, Axelar has been on a growth tear, connecting to 18 blockchain ecosystems to deliver cross-chain communication in Web3 and attracting 100 new dApps to build on the Axelar Network.
Today, we are excited to announce that AXL is available for trading and staking on CoinList!
Trade Wrapped AXL (WAXL) » | Stake AXL »
Trade Wrapped AXL (WAXL) on CoinList
Axelar connects all blockchain ecosystems, applications, assets, and users to deliver Web3 interoperability. The security risks in interoperability are real. Decentralization is key to providing secure blockchain infrastructure. The AXL token is what makes that decentralization possible.
There are two versions of the AXL token:
- AXL — The native AXL token is the Cosmos-based version of the Axelar token. AXL is a medium for transaction fees and any other fees for network usage, paid by users to the validators that run the network. It is used by ecosystem builders and community contributors to stake and exercise governance over proposals (such as a parameter change or protocol upgrade). On CoinList, it can only be used for staking. The first staking period will begin on September 28th, 2022 and end on October 28th, 2022, with expected annual awards of approximately 11%.
- Wrapped AXL (WAXL) — There is also a wrapped version of the Axelar token, namely the AXL token represented on the Ethereum blockchain. At this time, CoinList will only support trading of the Wrapped AXL (WAXL) token. The price of this token is pegged to the AXL token. If you wish to stake AXL, you will need to convert the WAXL tokens into native AXL. Your principal and rewards will be returned in native AXL, not WAXL.
Trade WAXL » | Convert WAXL to AXL »
Stake AXL and Earn Rewards
Staking and network participation are critical to the success and growth of blockchain networks like Axelar. With the help of multiple staking partners to aid decentralization, CoinList provides seamless access for users to earn rewards for their network participation while improving the network security of Axelar.
- The first staking period will begin on September 28th, 2022 and end on October 28th, 2022. The expected annual awards are roughly 11%.
- To earn AXL staking rewards, you must first deposit (or purchase) AXL into your CoinList Wallet.
- Subsequently you must lock AXL tokens for staking. Locking can be done at any time and you will begin to earn rewards at the start of the next staking period.
- Staking periods last approximately 30 days each.
- Unless you choose to unlock your AXL, your initial deposit and rewards will be automatically re-staked for the next rewards period.
As Axelar’s token economy continues to grow, CoinList users now have a full-featured and trustworthy trading and staking venue to access the AXL ecosystem.
Legal Notice
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