axelar network Archives - Coin Engineer https://coinengineer.net/blog/tag/axelar-network/ Btc, Coins, Pre-Sale, DeFi, NFT Fri, 07 Mar 2025 06:52:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png axelar network Archives - Coin Engineer https://coinengineer.net/blog/tag/axelar-network/ 32 32 Canary Capital Registers SUI ETF in Delaware! https://coinengineer.net/blog/canary-capital-registers-sui-etf-in-delaware/ https://coinengineer.net/blog/canary-capital-registers-sui-etf-in-delaware/#respond Fri, 07 Mar 2025 07:00:56 +0000 https://coinengineer.net/blog/?p=37979 Canary Capital has filed to establish a trust structure in Delaware for a SUI-based exchange-traded fund (ETF). This move signals the firm’s intention to initiate the official application process with the U.S. Securities and Exchange Commission (SEC). This development follows the recent announcement by World Liberty Financial of its strategic partnership with the Sui blockchain,

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]]> Canary Capital has filed to establish a trust structure in Delaware for a SUI-based exchange-traded fund (ETF). This move signals the firm’s intention to initiate the official application process with the U.S. Securities and Exchange Commission (SEC).

This development follows the recent announcement by World Liberty Financial of its strategic partnership with the Sui blockchain, including plans to add SUI to its strategic reserve fund, “Macro Strategy.” Following this partnership announcement, SUI surged over 10%, reaching $3. However, the Canary SUI ETF filing did not have an immediate impact on the price.

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Canary Capital and Grayscale Investments have emerged as the most active asset managers in the alternative crypto investment fund space. In addition to its SUI-focused ETF, the firm is also planning funds that track digital assets like Litecoin (LTC), XRP, Solana (SOL), and Hedera Hashgraph (HBAR).

Furthermore, Canary Capital has submitted an S-1 registration with the SEC for the Canary AXL ETF, which focuses on AXL, the native token of the Axelar Network. If the SEC approves the application, Canary Capital will officially become the first asset manager to introduce a Sui-based ETF in the United States.

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]]> https://coinengineer.net/blog/canary-capital-registers-sui-etf-in-delaware/feed/ 0 What is Axelar (AXL) ? https://coinengineer.net/blog/what-is-axelar-axl/ https://coinengineer.net/blog/what-is-axelar-axl/#respond Wed, 27 Sep 2023 11:24:53 +0000 https://coinengineer.io/blog/?p=4159 In this article, we will be taking a closer look at the Axelar (AXL) project in a detailed manner. The local cryptocurrency of the Axelar project, the AXL Coin, also operates as a token that can be transacted on the Axelar network and used for transferring operations. What is Axelar (AXL)? AXL is the native

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]]> In this article, we will be taking a closer look at the Axelar (AXL) project in a detailed manner. The local cryptocurrency of the Axelar project, the AXL Coin, also operates as a token that can be transacted on the Axelar network and used for transferring operations.

What is Axelar (AXL)?

AXL is the native currency of the Axelar blockchain economy.Additionally the project provides a decentralized network and tools that help developers of decentralized applications to establish seamless inter-chain communication through protocol bundles, tools, and APIs.

Axelar consists of three core components – a decentralized network, also a software development kit for protocols and APIs, and a series of gateway smart contracts for inter-chain connectivity.

What are the fundamental features of Axelar?

NFT Marketplace:

Individuals can gain access to our AXL NFT platform. Also this provides an opportunity to create digital art and allows art lovers to create their NFTs from our platform.

Rewards:

AXL owners can stake their tokens in Staking Pools to receive rewards and transaction fees from others. Additionally staking indirectly serves to support the system

Decentralized Exchange

There is a DEX aggregator that offers the best prices in DEX transactions.

Borrow & Loan

AXL will establish a decentralized money market platform to connect lenders and borrowers in an efficient and secure manner using the speed, automation, and also security of Blockchain, also it will reward.

IDO Launch Platform

AXL Pad will offer crypto projects the ability to initiate and also distribute tokens through an IDO.

Buyback and Burn

A portion of the transaction fees, along with IDO fees will be used for $AXL and $AXLs buybacks and burning.

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AXL Ecosystem

There are many tokens such as DeFi, Wallet, and NFT tokens in the Axelar ecosystem.

What is Axelar (AXL)

 

AXL Roadmap?

As seen in the table below, Phases 1 and 2 are completed.

Phase 1

  • Poly Network Bridge for BSC/ETH
  • AXL INU Pre-Sale
  • DEX Listing
  • CEX Listing
  • Certik Contracts Audit
  • Fairy Proof Audit
  • Development: Flexible Staking on Both Chains

Phase 2

  • Cex Listing
  • Soft Marketing
  • Dev: Both Chain Fixed Staking
  • Dev: Yield Farming both chain
  • Dev: LaunchPad

Phase 3

  • Mass Marketing Campaign
  • Finalizing our new Axl NFT collection
  • Launching 2 Exclusive Celebrities NFT collections
  • Dev: Launching INO Pad
  • Dev: Initiating Metaverse Art Production & Development
  • Dev: Development of NFT marketplace
  • Dev: Launching NFT Staking Pools
  • Dev: Brand Awareness Marketing
  • Dev: More Exchanges Listing Partnerships

Phase 4

  • Development of 3-D AXL INU Characters
  • Advanced Development of AXL metaverse (e.g., Voice/Video Chat)
  • NFT Listing Enabled on Marketplace
  • NFT Design Contest

Phase 5

  • Launching 3-D Builder
  • Launching Play-to-Earn (P2E) inside the Metaverse
  • Launching Land Rental Marketplace
  • Aggressive Marketing and Brand Awareness
  • Collaborating with Partners for Advertising

Tokenomics

  • 17% supply for the core team.
  • 12% supply for company operations.
  • 29.54% supply for AXL supporters.
  • 5% supply for community sale.
  • 35.96% supply for community programs.

What is Axelar (AXL)

Team And Supporters

Axelar has an experienced team with members who have worked at top-tier institutions also like MIT, Google, and Consensys. Among the founders of the team are Georgios Vlachos and Sergey Gorbunov, former Algorand founders.

AXL has raised a total of $60 million in funding for the project.Companies such as Binance Labs, Coinbase Ventures, and DragonFly Capital back the project.

What is Axelar (AXL)

Market Data

With a Current Market Capitalization of $137,182,905 additionally a Current AXL Token Price of $0.3352, it’s important to note that the circulating supply of AXL Tokens, out of a total supply of 1,098,844,688, stands at 410,764,765, also accounting for approximately 37% of the total supply.

Where can you purchase the AXL Token?

The AXL Token is currently listed on many major cryptocurrency exchanges. Also these exchanges include Gate.io, KuCoin, Kraken, and Bybit. You can purchase AXL tokens from these exchanges.

You can freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram  ,YouTube and Twitter channels for the latest news and updates.

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