Tutorial on how to buy axion and recieve BTC dividends
buy Axion using the Axion Auction or UniSwap

We at AxionGuide aim to make Axion understandable to newcomers and for experienced crypto investors.

Be aware that we are not part of the Axion team, and the information provided here is not to be considered as financial advice in any way. Continue reading for a complete tutorial on how to buy Axion and be sure you use the bonus offered for 10 % extra tokens when buying your Axion tokens through the Axion Auction.


The basic idea of Axion is that you stake(deposit) it for a period of time, in exchange for interest, just like a traditional Certificate of Deposit(CD).

Axion keypoints

  • Crypto Certificate of Deposit
  • Buy it through Axion Auction or on UniSwap
  • Accepted as collateral by Connect.Financial
  • Early 2021 will active stakes, in addition to the regular locked up AXN dividends, receive wBTC + 1 additional altcoin twice a week, available directly when received
Earn BTC and altcoin when staking on the axion platform

Early 2021 is Axion launching something called "Venture Capital Auction" 2 times a week. In short, it means that those who have active stakes during these auctions will be rewarded with Bitcoin(wBTC!) + another Altcoin. Read more about VCA here




Buy axion and use it for ollateral with Connect credit card

Axion has announced their partnership with Connect.Financial. This means that Axion tokens can be used as collateral, boosting your credit and increase your buying power. This is a unique feature not many tokens can compete with. More info on that in the near future.


I firmly believe that this is the future. The founders have several times proved their innovative skills during the launch phase and post-launch. Keep reading for more information on why Axion could be your golden ticket.


You buy axion by visiting the daily auction pool and you gain 10% bonus using my links

Why Axion?


Why you should buy axion

Axion is not the first crypto solution that provides the service of offering Certificates of Deposits on blockchain technology. But to be first is doesn't always mean that you're the best.


The unique feature soon to be offered (hopefully Q1 2021) to those who have active AXN stakes is dividends in wBTC + one other altcoin paid out twice a week without any lock-up period. To gain the most out of this you have to make sure you put stakes that will give you the highest possible amount of shares, as the number of shares determine how big a chunk of the payout-pool you will get. More about shares


Axion has taken a great idea and refined it to make it even greater. The focus of Axion is that investors shall be rewarded, not the founder. 


A large amount (80%) of income from auctions directly enriches the Axion system through buybacks, this means that the ETH put in the daily auctions is used to buy back tokens from UniSwap and redistribute them to the stakers, thus boosting the token price and promotes staking. The remaining 20% goes to the developer's fund, for the development of future applications in the Axion Ecosystem.


Axion freeclaim tutorial for hex holders

HEX freeclaims has ended 28th January 2021

Quick guide on how to buy Axion

1.


How to create a MetaMask wallet

Visit Metamask.io and install the MetaMask browser extension and open a software wallet. Keep your seedphrase in a safe place. More info

2.


Buy Ether for acquiring Axion

Buy Ether(ETH) from a trusted Exchange.

I recomend Kraken (Globaly) or for european users Safello. Follow their simple guides for purchase.

More info

3.


Buy axion at the daily auction

Visit Axion Auction pool and bid the amount of ETH you want. By the end of that day you will recieve your proportional share of the Axion tokens up for auction.  More info

How does the Axion Auction work?

Before you enter the auction

How does the Axion Auction pool work, and use the bonus offered on this site

Potential investors that would like to buy the Axion token have the option to buy Axion by bidding ETH to the Daily Auction. The price of the Axion token is determined by the amount of Axion tokens available that day and the total amount of ETH sent into the auction that day.


By using the bonus offered on this site you will gain 10% extra Axion when buying through the Axion Daily Auction.


For example: On day X, 100,000 Axion tokens are in the auction pool. You bid 1 ETH. When that day ends the total amount of ETH sent to the auction that day sums up to 10. Since your bid equals 1/10 of the total ETH bidden that day you will receive 1/10 of the tokens. That gives you 10,000 Axion tokens on that day's auction. Using the bonus offered here you will receive 11,000 Axion tokens.


How to buy Axion



  1. Go to stake.axion.network/auction
  2. Confirm access on MetaMask (First visit only)
  3. Input the amount of ETH you would like to bid
  4. Press send and let the transaction complete
  5. When the Auction ends (07:00 GMT) you will see a "Withdraw" button on the Auction page, when pressed the total amount that you purchased, including the 10% bonus offered here, will show up on the "Staking" page after you confirmed the TX and the Tx has been sucessful. 
  6. All tokens bought in the Auction are autostaked for a minimum of 60 days (when you claim your winnings you get the option to choose stake length between 60-5555 days. This means that after 60->5555 days, you press "Actions" next to your stake. Now you get the options to either restake your tokens or withdraw them. If withdrawn, they will land in your wallet.


Both the "Send" transaction and the "Withdraw/restake" interaction mentioned above require that you pay gas for interacting with the smart contract, so be sure you save some ETH for these actions.


The Axion auction platform is simple. The left box contains information on your connected MetaMask accounts ETH balance(1) and top center you have a field labeled "Input"(2). This is where you put the amount of ETH you would like to bid in the active day's auction.


You'll also have the "Bid" button(3) where you send your ETH to the smart contract. When you've pressed that you got to confirm the Transaction in MetaMask.


Tutorial on how to buy Axion in the Axion weekly auction



In the right box, you have "AXN pool"(4). This tells you the total quantity of Axion tokens that are up for auction this particular day. The right side is the "ETH Pool"(5). That shows you the total amount of ETH that users have sent on this day. Be sure to do your own fast calculation before entering, so you don't overbid. "Auction price" tells you the price per ETH, but the AXN pool could be less than what you would get for 1 ETH, thus giving you less than presented. For example: AXN pool is 500,000 AXN, "Auction price" says 5,000,000 AXN/ 1 ETH. If you enter with 1 ETH, you just win 500,000 AXN. If this is the case, take your business to UniSwap or enter with just 0.1 ETH.


"Auction price"(6) This tells you what amount of AXN you get for 1 ETH when you buy through the auction. Below that you see "Uniswap price"(7) which shows you how much AXN you get for 1 ETH on UniSwap. 


What you don't see in the picture is that by using the bonus offered on this site you will get 10% extra tokens when buying through the auction.

  • AXN bought at auction is autostaked for minimum 60 days
  • When the autostake has ended, you've got the option to withdraw your principal + interest or restake it with only one transaction
  • The final price of AXN in the auction is set when the auction ends

The auction closes at 07:00 GMT. The amount of tokens you will get is determined first when the auction closes, not when you place your bid.


When you buy Axion in the Daily Auctions, your AXN is autostaked for 60 days. This means that they're locked in a 60 day long deposit, and you will earn interest, just like a regular stake. After the 60 days has passed, you can withdraw or restake your tokens. To see your autostaked tokens, you must go to the "Staking" page.


When you scroll down on the Auction page you will see your placed bets and coming auctions.



What's Axion's unique Buyback?


Axion have a unique way of boosting token price and raise interest for investors

80% of the ETH placed in the Daily Auction is used to buy back Axion tokens from the UniSwap DEX. This is meant to reduce the number of tokens up for trade, this will boost the token price. The tokens bought will then be redistributed to active stakes.


This will be a great incentive to have active stakes, and another reason for you to aim for the largest share rate possible because the share rate determines what share of the payout you(your stake) will receive. Read more about shares

Minimum Auction Bid


For price protection of Axion, there is a safety mechanism called Minimum Auction Bid(MAB). MAB will initially be calculated from the 7-day average price on UniSwap.


This means that if there is a very small amount of ETH sent in, you get an equal price to the UniSwap price, and the tokens that are unsold will roll over to the next auction. By using my bonus, you get 10% extra tokens compared with UniSwap.


The tokens that are up for auction come from unconverted Axion and penalties that are built into the Axion contract. You can read more about penalties in the Axion staking guide.

Blackboard showing calulations on Axion economics

Axion economics and Staking


Axion generates interest by inflation. The axion Contract rewards stakers based on 5 principles



  • The amount staked
  • The total amount staked by everyone else
  • The period for which the user stake their Axion tokens.
  • The Axion flat inflation rate, that is compounded daily
  • The total amount of ETH placed in the auction daily.



The Axion team has focused on rewarding the stakers and the community. More info about Axion


Read more about staking in the Axion staking Guide

More information on how to create a metamask wallet for buying Axion

Create a MetaMask wallet


Before you buy your first Ethereum you need a wallet to deposit it in, and I recommend that you use MetaMask which is a very popular and secure software wallet that's easy to get started with. It's also compatible with the majority of projects and now the only wallet that is compatible with the Axion network. It also allows you to add a hardware wallet later on if you want. A hardware wallet is a USB dongle that adds a physical step(often a push of a button on the dongle) when transferring digital assets, this makes your assets very secure.


MetaMask is a browser extension and is also available on Android and iOS.


It's easy to get things started, just be sure that you install the real deal, there are some scam-applications circulating. One secure way is to visit metamask.io and go to "Download" and choose which browser/OS you are adding it to.


If you're using Firefox you can also go to Add-ons located under the menu tab in the top right corner. Use the search bar on top and enter "metamask" and click on the top result(by creator Dan Finlay) Install the add-on and get started with creating your account.


The same thing can be done on Chrome if you press the AddOn-symbol(a piece of a puzzle) in the top right corner and search for MetaMask.


Now you are ready to create your own account. Just follow the steps on MetaMask and create an account and let the adventure begin. Remember to write down your seed phrase and keep it in a safe place. Don't ever send or show your seed phrase to anyone.

Ether (ETH)


What is ETH and how can i use it to buy Axion

ETH is a cryptocurrency on the Ethereum blockchain. Ethereum enables the deployment of smart contracts, like Axion. That enables that projects can use the infrastructure of Etherium for trading or interacting with the smart contract. The currency, ETH, is the second-largest cryptocurrency, only beaten by BitCoin. 


When making transactions on the Ethereum network, you have to pay something called a Gas fee. The fee ranges from a couple of cents up to a couple of dollars, depending on the traffic currently on the blockchain. 


When trading or making stakes, you better include the gas fees in the calculation.

Gas fees


Having a problem with ridiculous gas fees when interacting with Axion? The gas fee is something you have to pay when interacting with the Axion smart contract, and gas fees vary from day to day, and during the day.


As I write this (Early Jan 2021) gas price is occasionally very expensive. You can claim your auction winnings whenever it suits you as these are not penalized after a certain amount of time, unlike stakes that after a 14-day grace period starts getting a small penalty.


Therefore you could wait for the gas prices to drop before you claim your winnings, but remember that it's the claim that triggers the AutoStake, so even if you wait 3 weeks to claim, you still get the minimum 60 days AutoStake after the claim. 


EthGasStation.info is the perfect tool to check current gas fees. 


EthereumPrice.org helps you plan your withdrawals as it shows historical gas prices during the days and weeks.




Gas fee estimation error


Sometimes an interaction can cost you 8$ and sometimes the same interaction costs 75$. Once in a while, you will be presented with a ridiculous gas fee, we are talking 100-500$ range. This is not the actual fee, but an error when MetaMask tries to calculate the gas needed.


If you face such a fee, you need to edit your gas fee manually in MetaMask.


When pressing Withdraw/Deposit on stake.axion.network and you are presented with that high of a gas fee, you press "Edit" just above the amount in MetaMask.

The MetaMask confirmation view on browser extension

Now you press "Advanced" top right. This allows you to enter custom gas fees.


Go to https://ethgasstation.info/


There you see the current gas fees on Ethereum. I suggest that you choose either Fast or Trader.

how to edit metamask for lower gas fees

You now enter the amount presented at ETHgasstation in MetaMask under Gas Fee. For gas limit, you should put somewhere between 300 000 – 600 000.

Customizing gas fees when too high gas fees is shown

The higher one is suggested if you don't want to risk having a failed transaction because of gas running out on you.


Now save the settings and confirm the transaction.

Layer 2 update


On the 17th of December 2020, Axion executed an update, tweaking the contract and fixing minor bugs. Your funds are safe, and your stakes are unaffected. But as a consequence of the update, you will have to add the new AXN contract address to your MetaMask account. 


The AXN Contract Address to add is

0x71f85b2e46976bd21302b64329868fd15eb0d127


For more information about the update, I'd recommend that you head over to the Axion Discord server and read the announcements.