Published On Feb 6, 2024
🤔 What is Axelar?
Axelar, also known by the market ticker AXL, is a blockchain that connects blockchains.
At its core Axelar aims to develop and deploy secure cross-chain communication for Web3 applications, which it hopes will allow the creation of the “internet of blockchains” as a universal development platform.
💡 What makes Axelar unique?
Through Axelar's network, users can participate in multi-chain DeFi, play a game on any network, or buy an NFT from any marketplace without having to download another single-use crypto wallet.
💰 AXL Tokenomics
In total, there will be just over 1.1 billion AXL tokens released, with around half of that making up the current supply.
Of the initial 1 billion that was allocated at launch, 29.5% went to the Company, with 17% going towards the Core Team, and 12.5% towards Company operations.
A further 29.5% was given out to backers, with 13.5% going to those who invested during the Seed round of funding, followed by another 12.5% during the Series A funding, and a final 3.5% during the Series B funding.
In addition, 5% went to the community sale, and the remaining 36% went towards Community Programs, which includes an insurance fund for the project.
Timestamps ⏳
00:00 Intro
1:05 What is Axelar?
2:01 What is Web3?
2:22 What us the "Internet of Blockchains" ?
3:18 How does Axelar work?
4:44 What makes Axelar unique?
5:55 General Message Passing protocol
6:41 AXL Tokenomics
7:13 Initial AXL distribution
8:15 Wallet distribution (current)
❓ Q & As ❓
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