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The Accelerator is Axion’s newest product, which supersedes the original Auction system. The Accelerator operates under a whole new paradigm, taking the best of the Auction system but making it cheaper, faster, and far more simple to explain.
Yes - By buying in the Accelerator, you get a flat 7% discount compared to the market price (Uniswap).
On top of that, you get an additional 6-20% more AXN based on staking duration, as long as there is enough bonus allowance remaining.
All is explained on the page when you enter how much you want to spend and how long you wish to stake for.
Yes, there is a minimum stake of 60 days required for all Accelerator purchases. You can stake up to 5555 days (15.2 years).
The longer you stake, the more shares you get. The more shares you have, the more wBTC dividends you will earn!
Axion offers a first-of-its-kind blockchain-powered venture fund alongside high-interest time-locked savings deposits which earn investors a high interest of 8% plus additional dividends. Many of our stakers are earning over 40% APY.
Using the staking platform, users can lock up their Axion in exchange for shares which will earn dividends over time. The staking contract temporarily burns AXN in return for shares. Shares in the Axion ecosystem are the most valuable asset as they determine the payouts drawn from reward, investment, and dividend pools.
The new Accelerator has many advantages over the old-style auctions. To name a few:
When buying into the Accelerator, your transaction needs to do many things with the tokens that you are spending;
This means the transaction requires a lot of 'gas', making the transaction quite expensive. With a gas price of around 70 GWEI, the transaction will cost around $130-140.
This transaction cost is 42% cheaper than the old auctions, where you had to do two transactions to Bid and then Stake the next day.
It may still seem high, but the discount and additional bonuses you receive more than make up for the cost of the transaction.
It's worth noting you only pay around 60-70% of that estimate that Metamask gives you, which is always overinflated. It's best to wait for low gas prices before entering the accelerator. See https://ethereumprice.org/gas/ for details.
We now accept Ethereum (ETH), USDC, DAI Stablecoin, Wrapped Bitcoin (wBTC), Shiba (SHIB) and BAT (Basic Attention Token).
The gas fee may vary slightly depending on the token used to buy. Purchasing with ETH and wBTC will be the cheapest options, but all get you AXN at the same rate.
Once the bonus allocation for the 24 hour period has been expended, new buyers will only get the 7% discount, but not the 6-20% bonus.
Users can wait until the next day when the accelerator resets (around 07:20 UTC) to buy with the bonus.