AxonDAO Unveils Phase 2 of Token Strategy with New Burn Algorithm and Improved Liquidity Lock

26 December 2024 – AxonDAO, a leader in decentralized science (DeSci) and blockchain-powered healthcare innovation, has unveiled Phase 2 of its token strategy. This phase introduces a cutting-edge Metric Based Ignition Algorithm along with strategic token burns to drive ecosystem momentum.

The rollout is planned across several synchronized phases, starting with an immediate burn of 5.44 million AXGT tokens on December 20th at 3 PM EST. These tokens come from accumulated fees in the liquidity pool. This initial step sets the groundwork for a more significant strategic burn slated for February 13th, 2025, where 122 million AXGT tokens, equating to 12.2% of the total supply, will be permanently removed from the current unallocated reserve of 490 million tokens. This larger burn intentionally matches the amount sold during the presale stage.

Central to this phase is the Metric Based Ignition Algorithm, a sophisticated mechanism introducing lasting deflationary features to the ecosystem. This fully automated, contract-based system applies a constant 0.5% burn to all buying and selling transactions, operating through an open model accessible to the public. By assessing market data and ecosystem metrics in real-time, this autonomous system ensures the best possible token dynamics.

"This phase marks a significant leap forward in our token utility," stated Christopher Crecelius, Founder of AxonDAO. "By implementing our Metric Based Ignition Algorithm and strategic burns, we're creating a self-sustaining ecosystem that bolsters scientific progress while ensuring strong tokenomics."

The strategic plan is further solidified by a scheduled liquidity lock on January 2nd, 2025. This comprehensive strategy combines algorithmic burns, strategic supply reduction, and secured liquidity to lay a strong foundation for sustainable ecosystem growth.

A key component of this strategy involves locking the AXGT-ETH liquidity pools, which sets up an automated funding system for the DeSci Wallet. Through this method, a portion of all trading fees is automatically redirected into funding scientific research, crafting a self-sustaining ecosystem where market activity directly propels medical innovation. This is the first implementation of its kind in the DeSci space, where traditional market dynamics are transformed into engines for scientific advancement.

"Our shift to a data-driven, autonomous approach for token dynamics opens a new chapter for AxonDAO," says Maciej Stachowiak, Co-Founder and CTO of AxonDAO. "The Metric Based Ignition Algorithm guarantees that each transaction not only strengthens the ecosystem but also furthers our core mission of supporting groundbreaking scientific research."

AxonDAO's community continues to expand, now including over 29,000 token holders and forming new partnerships with leading healthcare institutions. The platform remains committed to innovation, providing secure, anonymous health data contribution while ensuring participants maintain full control over their information.

To discover more and learn how you can get involved, visit axondao.io

Media Contact:
Reannah Smith

Account Manager

Luna PR

[email protected]

About AXGT 

AXGT is the governance token driving AxonDAO's mission to democratize medical research through blockchain technology. With a total supply of 1 billion tokens, AXGT allows direct community involvement in strategic decision-making and project funding. The token features an innovative 1% transaction fee structure, distributed equally across liquidity provision, DAO operations, and the Public DAO DeSci Fund. Available on Ethereum, Arbitrum, and BASE networks, AXGT unites a community of 19,000 dedicated to advancing decentralized science.

About AxonDAO 

AxonDAO is revolutionizing healthcare with blockchain innovation, merging AI-powered solutions with secure health data management. Since its start in 2014 as a telemedicine startup, AxonDAO has evolved into a decentralized organization utilizing precognitive algorithms and biometric analysis to enhance health outcomes. Its unique voice-based digital signature system ensures individual data sovereignty while propelling medical research. As a member of the NVIDIA Inception Program 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 Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.