There are 2 funfacts of Axelar (AXL) which are :
- Axelar holds the record for the interoperability network connected to the largest number of blockchains, currently supporting more than 60 networks.
- Axelar’s goal in 2024 is to be connected to more than 100 blockchains to strengthen its position as the leading interoperability solution.
Axelar (AXL) crypto asset is now listed on INDODAX on the BEP-20 network.
Interested in Axelar (AXL) and how to buy it? Learn more before investing by reading below!
About Axelar (AXL)
Axelar is a blockchain network that connects other blockchains. Axelar enables secure and efficient communication between blockchains. It operates as a smart transport layer that can execute smart contracts, allowing it to automate complex tasks and simplify processes for both developers and end users.
With this capability, Axelar can unite various blockchains as if they were operating on a single blockchain. Axelar acts as a programmable layer that streamlines interoperability between blockchains. It abstracts away complexity and provides a universal interface, allowing different blockchain networks to communicate with each other seamlessly.
For more information, visit the official website of Axelar (AXL) at https://www.axelar.network/
Challenges, Opportunities, and Utilities
Axelar addresses the issue of interoperability between blockchains. Currently, each blockchain has its own protocols and characteristics, making it difficult to communicate with one another. Axelar functions as a bridging layer by providing a smart transport layer that can automate the process of communication between blockchains so it feels like a single ecosystem. This allows Axelar to streamline data and transaction flows across all connected blockchains..
Axelar (AXL) has several opportunities, which are :
- Provides real-time and secure interoperability between blockchains
- Operates as a smart transport layer that can execute smart contracts
- Currently connects more than 60 blockchains
- Has a decentralized validator set consisting of 75 validators
- Simplifies complexity for developers and users through a simplified interface
Not only opportunities, Axelar (AXL) also has uses, here are the uses:
- Used as gas for transaction fees on the Axelar network
- Allows voting rights for protocol development decisions
- Enables staking to earn rewards
- Can be used to subscribe to special Axelar services
- Will be used in a token burning mechanism to maintain deflation of the token supply
Founder and Investor of Axelar (AXL)
The founder of Axelar (AXL) is Sergey Gorbunov.
is one of the founders of Axelar. He is a PhD graduate from MIT with a research focus on cryptographic protocol design and advanced systems. He has also previously worked on Software Defined Networks. Gorbunov first became interested in blockchain at the end of his postgraduate studies, where he began experimenting with early ideas for scalable blockchain systems. He later became a founding member of Algorand and helped develop and market it. His team at Algorand also led the effort to standardize BLS signatures, which was followed by the implementation of Ethereum 2.0 and others.
Raising $113,880,000, AXL is backed by investors such as: Coinbase Ventures, Binance Labs, Polychain Capital, Dragonfly Capital, and others.
Crypto Asset Ranking Information
As of June 18, 2024, Axelar (AXL)’s ranking on CoinMarketCap is #129, with a market cap of USD 445,849,059. The estimated circulating supply is 693,498,268 AXL with a maximum supply of 1,154,126,274 AXL.
How to Buy Axelar (AXL) on INDODAX
Now that you’ve discovered more about Axelar (AXL), you can start investing in Axelar (AXL) easily and securely on INDODAX.
You can access INDODAX via the INDODAX Mobile App, which can be downloaded from the App Store or Google Play Store, or by visiting the INDODAX website.
To buy Axelar (AXL) crypto asset on INDODAX, follow the steps below:
- Register on INDODAX if you are not yet an INDODAX Member or login to your INDODAX account
- Then, deposit by reading how to make a deposit below
- After making a successful deposit and the balance has been credited to your INDODAX account, visit the INDODAX market
- Search for AXL in the IDR market, and click to visit the crypto asset page
- On the crypto asset page, enter the balance and desired AXL purchase price, or buy instantly at the current price
- Next, you should wait for the price to increase for some time
- Once the price increases, your assets can be sold at a higher price with the Instant method
- If you use the Limit method to sell, make sure to place a sell order after purchasing the asset and enter a higher sell number
INDODAX also offers other features than trading, such as INDODAX Earn which allows you to lock crypto assets and earn interest rewards, and INDODAX OTC for large crypto transactions in a more personalized and secure way.
Let’s invest in Axelar (AXL) on INDODAX now!
