26 December 2024 – AxonDAO, a pioneer in decentralized science (DeSci) and blockchain-enabled healthcare innovation, today announced Phase 2 of its token strategy, introducing a sophisticated Metric Based Ignition Algorithm alongside strategic token burns designed to enhance ecosystem momentum.
The initiative unfolds in multiple coordinated stages, beginning with an immediate burn of 5.44 million AXGT tokens on December 20th at 3 PM EST, derived from accumulated liquidity pool fees. This initial action sets the stage for a more substantial strategic burn scheduled for February 13th, 2025, when 122 million AXGT tokens-representing 12.2% of the total supply will be permanently removed from the currently unallocated reserve of 490 million tokens. This larger burn deliberately mirrors the exact amount sold during the presale phase.
At the heart of this phase lies the Metric Based Ignition Algorithm, a sophisticated system that introduces permanent deflationary mechanics to the ecosystem. The fully automated, contract-driven system will maintain a consistent 0.5% burn on all buy and sell transactions, operating continuously through a publicly accessible model. This autonomous system analyzes market data and ecosystem metrics in real-time, ensuring optimal token dynamics.
“This phase represents a significant advance in our token utility,” said Christopher Crecelius, Founder of AxonDAO. “Through the implementation of our Metric Based Ignition Algorithm and strategic burns, we’re establishing a self-sustaining ecosystem that directly supports scientific advancement while maintaining robust tokenomics.”
The strategic framework is further strengthened by a planned liquidity lock scheduled for January 2nd, 2025. This comprehensive approach, combining algorithmic burns, strategic supply reduction, and secured liquidity, creates a robust foundation for sustainable ecosystem growth.
Central to this strategic initiative is the locking of AXGT-ETH liquidity pools, which establishes an automated funding mechanism for the DeSci Wallet. Through this approach, a portion of all trading fees are automatically channeled into scientific research funding, creating a self-sustaining ecosystem where market activity directly advances medical innovation. This represents the first implementation of its kind in the DeSci space, where traditional market dynamics are transformed into catalysts for scientific progress.
“Our transition to a data-driven, autonomous approach for token dynamics marks a new chapter for AxonDAO,” states Maciej Stachowiak, Co-Founder and CTO of AxonDAO. “The Metric Based Ignition Algorithm ensures that every transaction not only contributes to the ecosystem’s strength but also advances our core mission of supporting groundbreaking scientific research.”
AxonDAO’s community continues to expand, now encompassing over 29,000 token holders alongside growing partnerships with leading healthcare institutions. The platform maintains its commitment to innovation, enabling secure, anonymous health data contribution while ensuring participants retain full sovereignty over their information.
To learn more and find out how you can participate, visit axondao.io
Media Contact:Reannah Smith
Account Manager
Luna PR
reannah@lunapr.io
About AXGT
AXGT is the governance token powering AxonDAO’s mission to democratize medical research through blockchain technology. With a 1 billion token supply, AXGT enables direct community participation in strategic decision-making and project funding. The token implements an innovative 1% transaction fee structure: equally distributed across liquidity provision, DAO operations and the Public DAO DeSci Fund. Available on Ethereum, Arbitrum and BASE networks, AXGT unites a 19,000-strong community dedicated to advancing decentralized science.
About AxonDAO
AxonDAO is transforming healthcare through blockchain innovation, combining AI-powered solutions with secure health data management. Since its 2014 inception as a telemedicine startup, AxonDAO has evolved into a decentralized organization leveraging precognitive algorithms and biometric analysis for improved health outcomes. Its proprietary voice-based digital signature system ensures individual data sovereignty while advancing medical research. As an NVIDIA Inception Program member and Polygon DeSci Grant recipient, AxonDAO is creating a transparent ecosystem where scientific collaboration meets ethical innovation in patient-centric healthcare.
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