axelar Archives - Coin Engineer

Major Token Unlocks Taking Place This Week

Tanju Akbıyık — Sun, 23 Feb 2025 09:30:01 +0000

In the crypto market, many tokens will be unlocked in the coming days. Investors are carefully monitoring whether these unlockings will create selling pressure. Here are the major upcoming token unlocks and their possible impact on the market:

Upcoming Lock Expansions and Details

February 7, 2025

SUI (Sui): SUI 378,060 ($1.29M) → Market capitalization impact: 0.01
WLD (Worldcoin): 3.42M WLD ($4.32M USD) → Market capitalization impact: 0.33

February 9, 2025

SEI (Sei): SEI 5.24M ($1.44M) → Market capitalization impact: 0.11
TIA (Celestia): TIA 998,404 ($3.71M) → Market capitalization impact: 0.19

February 10, 2025

GT (GateToken): 6.67M GT ($156.13M) → Market capitalization impact: 7.51

February 12, 2025

AXL (Axelar): AXL 12.46M ($6.26M) → Market capitalization impact: 1.35

February 14, 2025

OP (Optimism): 24.16M OP ($28.34M) → Market capitalization impact: 1.49
PRIME (Echelon Prime): 1.66M PRIME ($9.34M) → Market capitalization impact: 3.04
CPOOL (Clearpool): 6.86M CPOOL ($1.61M) → Market capitalization impact: 0.93

February 16, 2025

DYDX (dYdX): 8.35M DYDX ($6.70M) → Market capitalization impact: 1.14

Possible Market Impacts

The upcoming token lock expansions are at remarkable levels, especially for large projects such as GT (7.51%) and OP (1.49%). Large-volume expansions can put selling pressure on the market and lead to price volatility.

Lower-impact expansions such as WLD, TIA and SEI may partially affect prices, but are not expected to create major selling pressure. However, it is important for investors to closely monitor the volume and price movements of these tokens.

On the other hand, tokens with moderate impact, such as DYDX and AXL, may be priced with the whale movements of large investors. It is critical for traders to be wary of potential sell-offs in the market.

This kind of key breakout data provides investors with important information when formulating their strategies. It is of great importance to follow the market movements after the lock-ups and to be prepared for possible price fluctuations.

You can also 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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Binance Will Suspend Trading for These Trading Pairs

Tanju Akbıyık — Wed, 08 Jan 2025 07:52:12 +0000

The leading cryptocurrency platform Binance continues to regularly review its listed digital assets to enhance the quality of services provided to users and make the ecosystem more sustainable.

Following recent evaluations, the decision has been made to suspend trading for several trading pairs.

When Will the Trading Suspension Begin?

Binance will suspend trading for the following pairs effective January 10 at 06:00:

AXL/FDUSD
C98/BTC
ENJ/ETH

Users are advised to review their current positions and complete necessary transactions before the suspension takes effect.

What Factors Influence Binance’s Decision to Suspend Trading?

When Binance decides to delist or suspend trading for a trading pair, it evaluates various factors. These factors include trading volume, liquidity, market stability, and user experience.

Additionally, trading pairs that do not meet Binance’s high standards may be removed to enhance the ecosystem’s reliability and provide a more efficient trading environment.

Such decisions by Binance support the goal of improving user experience and creating a more sustainable cryptocurrency ecosystem.

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Arbitrum Community Launches Vote for $220 Million Game Catalyst Program

admin — Mon, 27 May 2024 15:00:40 +0000

The Arbitrum (ARB) team has proposed a $200 million “game” to the community. The Arbitrum community has initiated a vote for 200 million ARB worth $220 million.

According to the statement, the Game Catalyst Program (GCP) is designed to immediately increase the visibility and adoption of Arbitrum/Orbit/Stylus by founders and players in the gaming community.

The Game Catalyst Program is a program that aims to encourage game development and game-based decentralized applications (dApps) in the Arbitrum ecosystem. The program aims to support game developers and related projects.

The integration of Axelar into the Arbitrum network will be an important integration for game projects within the GCP. This integration will provide game developers with a wider range of bridging options, allowing for seamless data and asset transfers between different blockchains.

The vote is expected to end on June 7th.

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What is Axelar (AXL) ?

Yunus Taşlı — Wed, 27 Sep 2023 11:24:53 +0000

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.

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.

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.

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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