In the face of escalating inflation, a ‘hyper-deflationary’ network has launched its mainnet.

As the network’s activity or involvement grows, the AXIA native coin becomes scarce.

On Thursday, AXIA, the company behind AXChat’s revolutionary message-to-earn strategy, announced the mainnet debut of its blockchain and native currency. The new network is intended to create a “hyper-deflationary” economic model, in which the cryptocurrency gets scarcer as it gains popularity.

The AXIA blockchain, according to its website, is a third-generation blockchain that aims to address issues such as interoperability, speed, and accessibility.

A participatory hyper-deflationary mechanism is used by the AXIA network. This means that any action on the blockchain and inside the ecosystem contributes to the eventual scarcity of AXIA Coin. The existing financial and monetary system, according to an AXIA spokesman, is ineffectual, fosters inflation, and exacerbates wealth inequity.

AXIA’s economic model varies from fiat currencies and other cryptocurrencies in that it provides ongoing value creation with a constantly diminishing quantity of AXIA Coin, according to the company.

AXIA introduced AXchat, a decentralized messaging tool, two months prior to the mainnet debut. Users may talk with friends and family while earning digital currency incentives on this blockchain-powered messaging app.

All AXChat messages, according to AXIA, are encrypted, and accounts are secured with multi-factor authentication (MFA) for further security. These privacy options are not available on traditional chat services such as Whatsapp or Facebook Messenger. Consumers contribute the value that is routed back into for-profit and centralized interests, according to an AXIA network spokeswoman.

Every project’s mainnet launch is a major milestone. This is because it is at this point that a project moves from being a concept to being a reality. A few blockchain mainnets have been deployed this year. RUNE, Mono X, and Bitgert Chain are a few of the most noteworthy.

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