Asset Exchange Network (AXNET) is a licensed virtual currency to fiat exchange with a licensed virtual wallet platform based out of Estonia. We service our traders worldwide by giving them the first hybrid trading platform that offers both a Centralized and Decentralized exchange that allows our traders to toggle between the two. We are listing traditional BTC, ETH, and USDT pairs with also fiat pairs like USD and EUR through our license and banking networks. Our AXNET Token (AXN) is the fuel of our ecosystem that gives the users the ability to access exclusive features and discounts on the exchange and enable our Trade Mining system.
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Website
Whitepaper
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What is the exchange trying to solve?
Stability and Scaling
Although the number of exchanges currently operating already is high, many of the more significant exchanges are giving their customers terrible experiences. Many crypto exchanges are created in a simple way, which causes problems when the volume on the platform increases. This can lead to laggy, slow-responding interfaces as well as downtime from time to time.Security
When it comes to exchanges, safety is most definitely the most important factor to analyze. Hacks in crypto exchanges seem like a never-ending occurrence, as hackers continuously find flaws in the exchanges that can be abused.Most recently, the so-called “decentralized” cryptocurrency exchange Bancorlost 13.5 million USD due to a security breach.
Axnet claims that they are following the highest security standards to make sure that the exchange is 100% safe for all users.
AXNET (AXN) token features
Profit sharing
Holders of the AXN token receives 50% of the total trading fees realized on the platform.Trading Fee Discount
Traders on the platform can use the AXN token to receive a 50% discount on their trades.Buy-Back Mechanism
20% of all net profit on the platform is going to be used to buy back AXN tokens. Bought tokens are going to be destroyed. This will continue until 500 million tokens (50% of the total supply) has been burned.Exclusive rights
Exclusive rights on the platform for AXN holders includes token voting, exclusive offers, membership discounts and more.Decentralized Exchange: GAS
The project has planned to develop decentralized exchange features where the AXN token is going to be used as the gas for running the system.Roadmap
MARCH 2017
Sylo confidential communication app release
P2P confidential communication
20,000+ professional users
JANUARY 2018
Blockchain integration decision finalised. Sylo to become blockchain-enabled.
MARCH 2018
Sylo presale sold out
AUGUST 2018
Sylo releases decentralised application in closed Alpha.
QUARTER 3–2018
Publicly available crypto-enabled beta release
Fully decentralised Sylo communication functionality
Cryptocurrency wallet. send and receive payments
Sticker marketplace release.
QUARTER 4–2018
Sylo gold release
MainNet release
Use real SYLOs in the Sylo app
SingleSource identity integration
QUARTER 1–2019
Sylo DApp marketplace release
Decentralised exchange application integrated. Atomic swaps of currency/tokens cross-chain
QUARTER 2–2019
SmartCity MVP release
CentraPay integration finalised. Spend cryptocurrency in the real world
Transport application integrated. decentralised transport
F&B application integrated. ‘Walk away to pay’ at restaurants
Event ticketing application integrated.
Sylo toolkit completed and open-sourced
QUARTER 3–2019
Public release of the Sylo Replication Node
The Sylo platform is completely decentralised.
QUARTER 3–2020
Replication node incentivisation complete
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