Axiome Public Testnet

Start: February 24, 2024
Duration: March 5, 2024

The exact end date will be announced in the Telegram channel depending on the number of vulnerabilities identified or fixes on various devices.

Sequence of actions

1. Download the Axiome Wallet application.
For Apple users:

• First, install the TestFlight application on your device.
• Follow the link and add the test version of Axiome Wallet to TestFlight.
• Download and install Axiome Wallet.

For Android users:

• Download the APK file of the Axiome Wallet application and install it on your device.

Click here to download

2. Log in to your wallet

• If you registered your wallet during the pre-set stage, simply log in to your profile using the existing seed phrase. All previously set up partnership structures will already be associated with your account.
• If you don't have a wallet yet, proceed with the registration process.

3. Start testing
To test all functionalities, 5,000 tAXM (test AXM) will be credited to your Primary wallet.

IMPORTANT!
When delegating, it's crucial not to delegate all 100% of your tokens. Remember to leave at least some AXM in your Primary wallet balance to cover network transaction fees for future transactions. Otherwise, you won't be able to even claim your rewards since you won't have any AXM to pay for the network fee!

If you wish to provide feedback, for example, if you've found a vulnerability/bug or have a suggestion for improvement, send it to our Telegram bot.

4. Participate in the AXM Airdrop
Total Airdrop Reward Pool: $50,000

Rules for determining winners and distributing rewards will be announced one week after AXM listing on the first exchange (approximately 3-4 weeks after the mainnet launch).

To be eligible for a chance to win in the Airdrop, you must fulfill all of the following conditions:

1. Achieve and maintain the Guru status conditions until the end of the testnet.
2. Be subscribed to Telegram, Twitter, and YouTube.
3. Complete a total of at least 30 transactions (transfer, delegation, undelegation, stake moving).
4. Delegate a total of at least 600 tAXM across any three validators
5. Move the stake at least twice from one validator to another for any amount of tAXM.
6. Undelegate at least once any amount of tAXM from the stake of any validator.
7. Claim rewards for delegation at least three times, any amount of accumulated rewards.

These conditions must be met organically over a period of 3 days or more. If you complete all conditions in a shorter period, they will not be counted. Therefore, it's best to maintain the conditions daily until the end of the testnet.

The list of winners will be published on our social media channels as an open link to Google Sheets.

Changes for the testnet period:

• The undelegation period will be reduced from 30 days to 1 hour.
• The duration for confirming the loss of status will be reduced from 7 days to 4 hours (however, notifications will indicate 7 days).
• The token ticker will be changed from AXM to tAXM (test AXM).

It's important to remember:

• Keep your seed phrase in the most secure place!
• All partnership structures registered during the testnet period will be transferred to the main network on the official launch day. Therefore, you can confidently continue to develop your partnership structures without fear of losing them.
• The official launch will take place after the completion of the public testnet and the addition of the application to the AppStore and GooglePlay. Be sure to subscribe to our Telegram channel to stay informed about important events.

────────────────────────────────────────────────────────────

Axiome Chain details

Strengths

• Cosmos SDK is a time-tested solution for building advanced systems.
• Fast and simple Tendermint consensus mechanism.
• Growing Cosmos SDK infrastructure and the ability to integrate with IBC (Inter-Blockchain Communication).
• High average block production speed (~5 seconds).
• High throughput of up to 10,000 TPS.
• Modular structure and excellent code scalability.
• Seamless upgrade capability.
• Validator incentive system. Validators charge a 0.01% fee on each new token mined (delegation reward). This fee is not significant for delegators but helps validators maintain and strengthen the blockchain. Additionally, validators charge 5% of all network fees to enhance the competitiveness of their nodes.
• High node requirements to improve performance.
• Democratic network fees. Gas costs are set at community-friendly values.
• Entire ecosystem is on-chain. Your team in the partnership program, tokens, and achieved statuses are located directly on the L1 blockchain. No one else has access to such valuable assets.

How to become a validator?

To enhance blockchain performance, becoming a validator and the requirements for it are purely technical processes unrelated to your status in the partnership program or the size of your team.

The maximum number of active validators participating in block signing is set at 60.

Requirements for validators:

• Have 20,000 AXM personally delegated to your node. They will earn you rewards for delegation just like in traditional delegation according to the current rate.
• 4-core CPU.
• 16+GB RAM.
• 500+GB NVME (requirements will increase over time).
• 50+ Mbit/s network.

Steps:

1. Launch a node connected to the mainnet according to the requirements mentioned above.
2. Send a special "create-validator" transaction.
3. Start validation and ensure that the node functions successfully.

After blockchain development is complete, a link to the GitHub guide for validator installation will appear here.

Developer Links

• GitHub
• Documentation
• Code audit - Coming soon.
• DUNE analytics
• Explorer

────────────────────────────────────────────────────────────

Roadmap

Axiome's global mission is to build a connected ecosystem of cutting-edge DeFi products, from which AXM holders will continually generate income. For example, the launch of a decentralized exchange, where 50% of all trading fees will be distributed in USDT among all AXM stakers. Or the issuance of a native token collateralized by AXM in just 2 clicks. All of this will stimulate the growth of AXM's value and utility, as well as the scalability of Axiome Chain as a whole.

2024

• The implementation of the IBC (Inter-Blockchain Communication) module will provide the ability to migrate tokens from Axiome Chain to other blockchains (and vice versa) that have integrated IBC. It will expedite AXM's access to a multitude of already developed decentralized solutions within the Cosmos ecosystem.
• Axiome DEX (NEXDEX) is a breakthrough decentralized Layer 1 exchange for perpetual futures, built on its own blockchain and directly connected to the Axiome Chain via the IBC module for accelerated token migration. 50% of all trading fees collected by the exchange will be distributed among all AXM stakers. This will allow AXM holders to receive stablecoins (USDT) weekly in addition to mining new tokens and participating in the distribution of network fees for delegation. In other words, rewards for delegating AXM will become threefold. After the implementation of spot trading, tokens issued on the Axiome Chain (with sufficient liquidity) can be easily listed on NEXDEX.

As of now, the exchange is actively in development. However, you can already get acquainted with the user manual and the exchange's terminal in advance. Official website

2025

• The integration of smart contract modules will allow third-party developers to build decentralized solutions on the Axiome Chain. Axiome aims to make it easy for developers to get started by providing comprehensive documentation and developer libraries. This approach will significantly increase the utility of AXM tokens within the ecosystem. The more solutions built on the Axiome Chain, the higher the network activity, and the stronger the value of AXM.
• The ability to create tokens in just two clicks, backed by AXM as collateral. This feature eliminates the need for programming and allows users to name their new token and set initial and maximum emission limits with ease.

2026

Development of proposal and voting mechanics. DAO is the best and fairest way for the community to independently determine the direction of Axiome's development. However, a full-fledged DAO can only exist on a well-constructed foundation. For DAO to come into effect, it is necessary to understand that there is a sufficient number of Axiome Chain developers and contributors among users, and the users themselves are aware of the project's development direction.

From the very beginning of the project, we make maximum efforts to ensure that the majority of Axiome users associate themselves with the ecosystem and understand the significance of their actions. For example, the variable delegation reward rate directly depends on the ratio of delegated AXM to those already mined, meaning the community determines the current rate!

The roadmap for 2024 and 2025 lays the groundwork for the future ecosystem before the introduction of DAO, with complete control over it being handed over to a prepared and cohesive community.

────────────────────────────────────────────────────────────

For User Manual : Click Here