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AXEL (AXEL) is a cryptocurrency token that operates on the AXEL Network, a decentralized and distributed technology platform focused on privacy and security. The token supports a Proof-of-Stake consensus model, where Masternode holders stake AXEL to participate in the network and are rewarded with additional tokens. The AXEL Network integrates advanced encryption, digital shredding, and 2-factor authentication to ensure robust security for users. The token is used for fees, governance, and incentivizing validators to secure the network.

How is AXEL used?

AXEL (AXEL) is a Proof-of-Stake utility token used as fuel for data transfers within the AXEL blockchain network. It supports one of the fastest-growing Masternode networks globally. Masternode holders must stake AXEL tokens to participate in the network, which ensures the validation of transactions and the security of the blockchain.

How do I store AXEL?

To store AXEL (AXEL) tokens, you can use a variety of methods:

  1. Cosmostation Wallet:

    • Set up the Cosmostation wallet extension in your browser by adding it from the Google Chrome Web Store.
    • Create a new wallet and follow the steps to set up your account, including entering your mnemonic phrase and password.
    • Select the Axelar network to access your AXL tokens.
    • You can then view your holdings, send, receive, and stake your tokens within the wallet.
  2. Ledger Wallet:

    • Initialize and set up your Ledger device with the latest firmware.
    • Install the Cosmos app on your Ledger device using Ledger Manager.
    • Connect your Ledger device to the Keplr wallet extension in your browser.
    • Set up a new Keplr wallet linked to your Ledger, and select Axelar as the network.
    • You can then view your AXL token balance and perform transactions securely using your Ledger device.
  3. Personal Encrypted Wallet:

  • Store your AXEL tokens separately in a personal encrypted wallet for added security. This wallet serves as a secure storage solution for your tokens.

These methods provide secure and convenient ways to manage your AXEL tokens.

How to buy AXEL?

To buy AXEL (AXEL) tokens, follow these steps:

  1. Choose an Exchange: AXEL is available on two exchanges: ProBit Exchange and Whitebit. You can register an account on either of these platforms.

  2. Verify Your Account: Complete the Know-Your-Customer (KYC) process by providing the required identification documents and enabling two-factor authentication for added security.

  3. Deposit Funds: Deposit a minimum of $30 to your exchange account using a supported payment method. You can use a credit/debit card or bank transfer.

  1. Buy a Base Currency: If AXEL is not available for direct purchase, buy a base currency like Bitcoin (BTC) or Tether (USDT) that can be exchanged for AXEL.

  2. Exchange for AXEL: Once you have the base currency, go to the exchange page, select the AXEL trading pair (e.g., AXEL/BTC), and enter the amount you want to buy. Confirm the transaction.

  3. Store Your AXEL: After purchasing AXEL, store it securely in a wallet outside the exchange. You can use a hardware wallet, the official coin wallet, or third-party software wallets.

Remember to check the fees and trading volumes before making a purchase.

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History of AXEL

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How AXEL works

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AXEL's strengths

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AXEL’s team