December 26, 2024 – AxonDAO pioneers decentralized science (DeSci) and blockchain-based healthcare innovation. It has announced the second phase of its token strategy, introducing a complex metric-based ignition algorithm. This is coupled with strategic token burning designed to increase the momentum of the ecosystem.
The initiative took place in several coordinated steps. It began with the immediate burning of 5.44 million AXGT tokens on December 20 at 3:00 PM EST, earned through accumulated liquidity pool fees. This preliminary action paves the way for a more significant strategic kill scheduled for February 13, 2025, when 122 million AXGT tokens, representing 12.2% of the total supply, will be removed. Permanently out of the current unallocated reserve of 490 million tokens, this massive burn intentionally reflects the exact amount sold during the pre-sale.
The heart of this phase is the metric ignition algorithm. This is a complex system that introduces a mechanism of permanent collapse in the ecosystem. The fully automated contract-driven system maintains a consistent burn rate of 0.5% on all buy and sell transactions. It continues to operate through a publicly accessible model. This automated system analyzes market data and ecosystem indicators in real time. This ensures that the token has optimal dynamics.
“This phase represents a significant advancement in our utility token,” said Christopher Crecelius, founder of AxonDAO. “By leveraging metric-based ignition algorithms and strategic burns, We are creating a self-sustaining ecosystem. which directly supports scientific progress while maintaining strong tokenomics.”
The strategic framework is further strengthened by a planned liquidity lock-in scheduled for January 2, 2025. This comprehensive approach which combines burning algorithms Strategic supply reduction and safe liquidity It will create a strong foundation for sustainable ecosystem growth.
Central to this strategic initiative is the AXGT-ETH liquidity pool lock, creating an automatic funding mechanism for DeSci Wallet in this way. Part of the trading fees is automatically sent to scientific research funds. creating a self-sustaining ecosystem which marketing activities will directly develop medical innovations This is the first implementation of its kind in the DeSci space, where traditional market dynamics are transformed into catalysts for scientific advancement.
“The shift to a data-driven and independent approach to token dynamics marks a new chapter for AxonDAO,” said Maciej Stachowiak, Co-Founder and CTO of AxonDAO. Rest assured that every transaction not only contributes to the strength of the ecosystem. But it also advances our core mission of supporting groundbreaking scientific research.”
AxonDAO’s community continues to expand. It now covers more than 29,000 token holders, alongside increasing partnerships with leading healthcare institutions. This platform maintains its commitment to innovation. Help support secure and anonymous health information. At the same time, it ensures that participants retain full sovereignty over their data.
To learn more and see how you can join, visit axondao.io
Media Contact: Riannah Smith
Accounting Manager
Luna PR
About AXGT
AXGT is a governance token that drives AxonDAO’s mission to democratize medical research through blockchain technology. By providing 1 billion tokens, AXGT allows the community to directly participate in strategic decisions and project funding. The token uses an innovative 1% transaction fee structure: distributed equally between liquidity provision. Operating a DAO and publicly funded, DAO DeSci is available on the Ethereum, Arbitrum, and BASE networks. AXGT brings together a 19,000-strong community dedicated to advancing decentralized science.
About AxonDAO
AxonDAO is transforming healthcare through blockchain innovation. Combine AI-powered solutions with secure health data management. Since its founding in 2014 as a telemedicine startup, AxonDAO has evolved into a decentralized organization. It leverages early recognition algorithms and biometric analysis for better health outcomes. Proprietary digital voice signature system It helps ensure the sovereignty of individual data. while advancing medical research. As an NVIDIA Inception Program member and a Polygon DeSci Grant recipient, AxonDAO is building a transparent ecosystem. Where scientific collaboration meets ethical innovation in patient-centered healthcare.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily and is not intended to serve as legal, tax, investment, or financial advice.
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