Minting Mechanism

Total Supply

  • Hard capped at 210,000,000 $AX

Issuance Rounds

  • $AX is minted in 210 rounds, each releasing 1,000,000 $AX

  • After each round, the minting cost increases by 2.1% (compound)

  • Users earn $AX by trading.

Minting Cost Growth Curve

  • Initial minting cost: $0.01 / $AX

  • Round 100 minting cost: ~$0.08 / $AX

  • Round 210 minting cost: ~$0.8+ / $AX

  • The increase is exponential, which slows the minting pace in later stages and prevents oversupply

Total Estimated Trading Volume

  • At full mint, the protocol will have facilitated ~$1.5B in trading volume

  • Generating ~$15M in protocol fees (1%)

  • Despite sounding large, this scale is comparable to small-to-mid cap DEXs over a multiyear span

Previous$AXNextFee Distribution

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