Universal Connectivity for Web3
Content on this page was provided by the Axelar team
Developers have made Web3 a multichain world – choosing different blockchains, optimizing for unique technical properties, use cases, and markets. Demand for cross-chain services has grown rapidly, and Axelar meets this demand with minimum risk and maximum composability.
Axelar is the universal overlay network, securely connecting all blockchain ecosystems, applications, assets, and users to deliver Web3 interoperability.
Axelar's full-stack interoperability offering consists of two layers:
Demand for cross-chain services has led to a proliferation of pairwise interoperability solutions, ranging from multi-sig setups used by small groups, to centralized custodians operating at scale. As more funds are put at risk in such systems, losses have mounted, pointing to the demand for interoperability and the need for a more secure solution. Axelar offers a network architecture that provides a uniform code base and governance structure.
Axelar is the full-stack decentralized transport layer, providing universal composability of programs with any-to-any cross-chain capability. Protocol developers can easily integrate with other blockchain ecosystems. DApp developers can connect to any asset on any blockchain without changing user interfaces. DApp users can seamlessly access the deepest liquidity pools. Ultimately, developers and users can select the platforms that best suit their needs, while leveraging cross-chain liquidity and composability.
1. Axelar has released a demo app, Satellite, a decentralized cross-chain asset transfer application. Within weeks of release, Satellite reached more than $30 million in total value locked (TVL) and processed over 100,000 cross-chain transfers.
2. Axelar is widely supported and endorsed by way of key integrations with blockchain networks. Axelar now connects Ethereum, Cosmos, Terra, Avalanche, Polygon, Fantom, Moonbeam, and Polkadot, as well as others in development (full list of partners here).
3. Axelar's testnet reached the following milestones in December, 2021:
4. Axelar is already rolling out its network in phases, with an initial validator set including reputable providers, such as Figment, Chorus, and Cosmostation, among others. Axelar is supported by popular wallets, such as Keplr, Cosmostation wallet, and Ledger. Multiple explorers can be used to track all network activity: axelarscan.io, mintscan.io/axelar, and axelar-mainnet.chainode.tech.
| Asset | AXL (ERC-20) |
| Sale Period |
Registration Opens: March 3, 2022 Registration Deadline: March 7, 2022 at 18:00 UTC Sale Period Begins: March 9, 2022 at 18:00 UTC Sale Period Ends: March 16, 2022 at 23:59 UTC |
| Fixed Sale Price | $1.00 per token |
| Lockup and Release | Tokens unlock on/around May 11, 2022, followed by a 9 month linear release |
| Supply for Sale | 50M |
| Purchase Limits |
$100 min
$750 max |
| Funding Methods | USDC, USDT, BTC, ETH, ALGO, SOL |
| Sale FAQ | Axelar Sale FAQ |
| Excluded Participants | Excluded participants include residents of the US, Canada, China, Republic of Korea, and CoinList’s unsupported jurisdictions |
* CoinList may in its sole and absolute discretion adjust the parameters of the CoinList website and/or access systems to prioritize access to the Axelar sale or the processing of token purchases for certain high-quality users with demonstrated histories of positively contributing to token networks, existing Axelar users, or otherwise evidencing indicia of crypto-savvy future users/contributors of Axelar.
AXL is the native token of the Axelar Network. The AXL token supports four critical functions.
The AXL token economics are geared towards the creation of a token economy that supports Axelar Network in achieving the following key outcomes.
An ERC-20 version of AXL will be sold in the CoinList token sale. The ERC-20 AXL can be swapped for native AXL tokens through Axelar’s demo application, Satellite, via a command-line interface on the Axelar network or via other upcoming front-end applications.
| Segment | Allocation (% of total supply) | Release schedule |
| Company - Core Team | 17% | Linear, over four years. |
| Company - Operations | 12.5% | Linear, over four years. |
| Backers - Seed | 13.4% | Linear, over two years. |
| Backers - Series A | 12.64% | Linear, over two years. |
| Backers - Series B | 3.5% | Linear, over two years. |
| Community Sale | 5% | 50,000,000 tokens will unlock linear over 9 months starting on or around May 11, 2022. |
| Community Programs | 30.96% | Linear, over four years. |
| Insurance Fund | 5% | Minimum 5% set aside for insurance, available as needed to reimburse any losses resulting from system vulnerabilities. |
Sergey Gorbunov, Co-Founder, CEO / Engineering: Sergey received a Ph.D. from MIT, where he was a Microsoft Ph.D. fellow. His Ph.D. dissertation was on designing cryptographic tools for the cloud using lattice-based cryptography, for which he received the Sprowls Doctoral Thesis Award for best thesis in CS at MIT. Sergey is a co-author of many cryptographic protocols, standards, and systems. He is an Assistant Professor at the University of Waterloo and was on the founding team of Algorand, where he worked on the core platform design and development and led the cryptography group.
Georgios Vlachos, Co-Founder, Engineering: Georgios received his BSc and MS Eng. in computer science at MIT. After graduation, he became part of the Algorand founding team, where he worked on the design and development of the consensus protocol and other core components. While in high school, Georgios became the first Greek to win a gold medal at the International Mathematical Olympiad.
