Axios Foundation

Blockchain technology has been adopted in several areas of life in which people have been giving a positive review for the use of blockchain technology. Majority of the time we heard about blockchain application we always its application is limited to financial institutions alone.

Today we will discuss its application in the data management industries which is another major sector of human life. There was an increase in the level of corruption and irregularities in the majority of the sectors before the introduction of blockchain technology. But today we have seen the impact this technology has in our day to day activities. This technology has increased the level of trust and transparency, improved security, decentralization and many other benefits. We will be discussing its application in DATA sector today and its importance in the sector.

About Axios Foundation

The Axios Foundation Is A Revolutionary Asset-Backed Cryptocurrency Designed To Address Many Deficiencies Found In Existing Cryptocurrencies, Such As A Lack Of Identifiable Intrinsic Value, Extreme Volatility, Unsuitability For Business Operations. Axio Is Not Simply Cryptocurrency, But A Component Of A Patent Pending Asset-Backed Cryptocurrency Monetary System. Within This System, It Will Provides A Stable Intrinsic Value, Interest Payments, Privacy, Transparency, Secure Ownership, Free Real-Time Transactions, International Borderless Transferability And Convertibility, A Variety Of Payment Methods, Free Basic Account Services, And A Legal Framework. The Axios Foundation Will Be Issued As A Security Under U.S. Law With All The Advantages That Implies. It Will Provide Substantial Protection From The Problems Associated With Other Cryptocurrencies And The Legacy Banking System.

Features Of Axios Foundation

Structure

The Axios Foundation Is A Novel Asset-Backed Cryptocurrency Modeled On An Asset-Backed Security (ABS). A Traditional ABS Is A Financial Security Collateralized By Assets Such As Loans. While An ABS Is Linked To A Specified Pool Of Underlying Assets Priced In A Fiat Currency, Assets Issued By The Axios Foundation Will Be Denominated In Axios. As A Result, Unlike An ABS, Each Axio, As A Security, Doesn’t Have To Be Linked To An Underlying Asset In Order To Determine Its Value.

And Unlike An ABS Issued For A Pool Of Underlying Assets, The Foundation Will Issue A Number Of Axios For A Single Asset Corresponding To Its Face Value. The Market Value Of The Axio In Terms Of Fiat Currencies Will Depend On The Portfolio Of Assets Held By The Foundation, And A Securities Market Will Determine This Value By Trading The Axio Vs. Fiat Currencies.

Value

The Axios Foundation Will Grant Loans And Collect Interest On Them. Thus, The Axio Will Be Backed By The Intrinsic Value Of Borrowers’ Efforts To Pay Off Their Loans. That Is, The Axio Will Be Directly Backed By The Intrinsic Value Of Work That Represents The Real Value Rather Than A By-Product Of Work Such As Gold. And Unlike Commodity-Backed Cryptocurrencies That Have A Fractional Reserve Value, The Axio Will Be Fully Backed By The Full Faith And Credit Of The Borrowers.

Interest Payments

The Foundation Will Disburse Profits From Its Operations As Interest Payments To All Axio Accounts. The Interest Payments Will Be Paid On A Regular Basis, Providing An Incentive To Invest In Axios, And Keeping Them On Deposit With The Foundation.

Stability

The Axios Foundation Is Backed By The Value Of Loan Interest Payments That Represent A Certain Amount Of Work. Since The Value Of Work Is A Stable Commodity, The Intrinsic Value Of The Axio Will Be Stable.

Payment Methods

The Axios Foundation Will Support A Variety Of Payment Methods That Will Allow Axios To Be Used Seamlessly, Just Like Any Other Currency. Among These Are The Mobile Payments That Will Allow The Foundation To Bypass The Existing Payment Infrastructure, And The Very High Fees Associated With It. Additionally, All Transactions That Do Not Require A Currency Conversion Will Be Free For Both Consumers And Retailers.

Privacy

Most Cryptocurrencies, Like The Bitcoin, Provide A Publicly Available Record Of All Transactions That Have Ever Taken Place. Hence They Have A Low Level Of Privacy, Although Even With This Limitation Many People Still Entrust Their Financial History To A Public Blockchain. To Address This Issue The Axios Foundation Will Not Publish Any Information Relating To Accounts. Additionally, The Foundation Will Not Sell Or Share Members’ Personal Information Without Explicit Permission.

Axio As Money

Money In Itself Is An Abstract Idea That Has No Value Outside A Monetary System As Its Operating

Environment. Thus, Any Attempt To Create A Viable Currency Must Include All The Major Components Of A Monetary System. At A Minimum, This System Must Provide Means For Maintaining Accounts, Performing Transactions, And Resolving Disputes, As Well As Granting And Servicing Loans. While Money Provides The Means For Implementing Such A System.

The Axios Foundation Is Not Merely An Attempt To Create A Better Currency, This Project Intends To Use Blockchain Technology To Surpass The Current Monetary System. Being A Component Of A Monetary System Will Allow The Axio To Overcome The Difficulties Of Market Acceptance By Offering A Complete Low-Cost Solution For Conducting Business, And Will Allow The Axios Foundation To Become A Dominant Player In The Race To Create The Next Generation Of Cryptocurrency.

Centralized Vs. Decentralized

One Of The Main Selling Points Of The Existing Cryptocurrencies Is That They Are Decentralized. The Proponents Claim That Because The Currency Is Decentralized, You Own It. No Central Authority Has Control, So No One Can Take It Away From You. However, A Decentralized Model Creates Significant Problems, Including A Low Level Of Privacy, Vulnerability To Crime, Legal Uncertainties, As Well As Very Slow And Expensive Transactions. But The Main Problem With The Decentralized Model Is That There Is No One To Help When Problems Arise. This Has Become Evident In The Light Of Enormous Losses Due To Theft And Fraud.

A Solution To These And Many Other Problems Is To Employ Blockchain Technology To Implement A

Transparently And Democratically Operated Central Authority Whose Mandate Is To Serve Its Customers. We Called It The Axios Foundation.

The Foundation Will Be Operated In A Similar Way To A Credit Union, Which Is A Financial Cooperative Controlled By Its Members And Operated On The Principle Of People Helping People. The Foundation Will Disburse All Excess Profits From Its Operations As Interest Payments To Its Members, Thus Efficiently Recycling The Interest Payments Back Into Circulation, Permitting Repayment Of Outstanding Loans, Preventing The Exponential Growth Of Debt, And Ensuring The Stability Of The Monetary System.

Blockchain Technology

The Axio Is An Asset-Backed Cryptocurrency That Will Be Issued By The Axios Foundation And Will Be Held In Accounts Managed By The Foundation. All Axios Will Be Issued As Axio-Denominated Loans. The Outstanding Loans Will Represent All Axios In Circulation. As A Loan Principal Is Paid, Axios Comprising That Payment Will Be Extinguished. The Foundation Will Record All Loan Activity In A Blockchain That Will Be Published As A Record. For Example, When The Foundation Issues A Loan To A Borrower, The Loan Information Will Be Added To A Ledger In A Form Of A Public Blockchain, And An Amount Of Axios Being Borrowed Will Be Issued And Transferred To The Borrower. When The Borrower Makes A Loan Payment, The Amount Of Principal Paid Will Be Extinguished And All This Information Will Be Recorded In The Blockchain.

Official Resources

Website: https://axios.foundation/

Whitepaper: https://drive.google.com/file/d/1KlFhTMHWWsYii2tM-yBfSZAVCADLDksj/view

Telegram: https://t.me/axios_foundation

AUTHOR: walesodiya

BitcoinTalk: https://bitcointalk.org/index.php?action=profile;u=2160355

Wallet Address: 0x2Df783e72D852C27009249e4239C9e794866e855