What is aXpire (AXP)?
Future of AXP Cryptocurrency and know how to buy AXP

#1 – What is aXpire?

aXpire: The Basics

  1. aXpire is a blockchain-based spend management system with a primary goal of reduce wastage of money and increase profitability of businesses.
  2. The aXpire system enables spend management in real time using blockchain technology and machine learning to its advantage, and also with the help of its software, Resolvr.
  3. It aims to help fund and asset managers at banks, hedge funds, equity firms, businesses, etc. deal with the allocation and management of their funds.

aXpire Development

  1. aXpire is a spinoff from a bigger SaaS (Software as a Service) company known as LSG, LLC. Its website lists a key management of 4 people and a team of more than 10 under the key management team.
  2. CEO Gary Markham has over two decades of experience in the insurance and finance industry and was the MD of CSC before aXpire. Andre Wouansi, aXpire’s CFO has an experience of 13 years as an international corporate tax advisor.
  3. Chief product Officer Phillip Knight also has over 20 years of experience as an independent consultant in the insurance/legal fields. Dom Wolf, the Product Lead, has experience in the fintech and telco sector and worked for Virgin before joining aXpire’s product development team.
  4. Other team members include UI/UX Lead Henry Doe, Project Communication Lead Trystan Aherne and more than 10 in-house developers including front-end and back-end, blockchain and non-blockchain developers.
  5. aXpire also boasts of some notable advisors including Roger Ver and Mate Tokay, CEO and COO respectively of Bitcoin.com, a premier source for everything related to bitcoin, Ethos CEO Shingo Lavine and many more.

source: aXpire Website

 

#2 – What are the advantages of aXpire?

aXpire Technology

  1. aXpire has both a per-to-peer (P2P) and a business-to-business (B2B) solution for the problem of spend management, and Resolvr is the B2B software which aXpire has built for spend management.
  2. Resolvr is a dashboard-based four-step process which involves e-billing submission and validation, followed by a process in which bills are reviewed, adjusted and categorized, and then allocated to paying entities. The accounts services validation and adjustment phase comes next, in which all the payment data is automatically assembled. The last step involves an analysis and selection of appropriate payment systems.
  3. To achieve such an efficient workflow, aXpire uses a sophisticated data validation engine which uses ARS to perform real-time spend analysis.
  4. aXpire has a business model based on a Per Member Per Month fee structure, in addition to a one-time initial implementation fee taken from all the users.
  5. The AXP token is aXpire’s native Ethereum blockchain token, which is basically based on ERC20, but with ERC223 extensions. This token would be used for any transaction on the platform, which will happen as it is a spend management system which also allows the spending itself.

 

#3 – How to buy and store aXpire tokens (AXP)?

How to buy AXP

Being such a new cryptocurrency, aXpire is available in only 5 exchanges as of July 2018, including KuCoin, ForkDelta, HitBTC, Idex and Radar Relay.

Most of the exchanges accept Bitcoin and/or Ether as payment for aXpire tokens (AXP), while Radar Relay accept DAI and WETH. None of the exchanges accept any fiat currency in exchange for aXpire tokens.

  1. These are just platforms where you can buy or sell AXP tokens, but the prices tend to differ somewhat on the exchanges. CoinSwitch, the best cryptocurrency exchange, helps decide which exchange to buy from by displaying the prices at the exchanges it’s sold in, all at one place. It supports more than 140 coins and 45,000 pairs of cryptocurrencies. You can choose any pair you want with your AXP token, and CoinSwitch will help you decide the best one for you!
  2. What’s more - with CoinSwitch, you need not rely on wallets on the exchange you’re buying from. Instead, all transactions can happen to and from your very own private wallets.

AXP Storage

  1. AXP is an ERC-20 token on the Ethereum blockchain, making it capable of being stored in any Ethereum wallet.
  2. Ledger Nano S and Trezor are hardware wallets which store Ether and other tokens on the Ethereum blockchain, and are recommended as they’re the most secure wallets.
  3. Exodus and Mist are desktop wallets which store ERC-20 tokens. They are both compatible with Windows, Linux and Mac operating systems.
  4. Jaxx, another Ethereum wallet, functions as a desktop wallet for Windows, Linux and Mac PCs, a mobile wallet for Android and iOS phones, as well as a web wallet through Chrome and Firefox extensions, making it one of the most versatile wallets around.
  5. MyEtherWallet is its most popular Web wallet, and ETHAdress is one of the paper wallets storing ERC-20 tokens.

 

#4 – What is the future of AXpire?

Also Read: Complete Analysis of aXpire | Live aXpire (AXP) Price Charts And Predictions

Market Cap and Global Acceptance

  1. The maximum total supply of aXpire tokens is 350 million AXP, of which 75 % (262.5 million) was reserved for the token sale, which was distributed as follows:
    1. 30% (105 million) tokens were sold in the pre-sale
    2. 40% (140 million) tokens were reserved for the full token sale
    3. 4% (14 million) tokens were kept for the referral program, and
    4. 1% (3.5 million) tokens were kept aside for the bounty program.
  2. The remaining 25 % of the total tokens were distributed as follows:
    1. 10% of the tokens (35 million) were reserved for the development team and advisors, locked by contract for a period of 12 months.
    2. 10% (35 million) tokens were kept aside for use by the company for development and other expenses, and
    3. The remaining 5% (17.5 million) tokens were set aside for their bug bounty program, kept to ensure maximum possible security.
  3. As of July 2018, the circulating supply of aXpire tokens is 265 million AXP, with a market cap of $6.121 million USD and an individual price of about $0.023 USD.

Price History

Date

Open

High

Low

Close

Volume

Market Cap

Jul 21, 2018

0.018191

0.021283

0.01799

0.020711

4,708

48,20,510

Jul 01, 2018

0.024539

0.025462

0.023486

0.023681

6,115

65,02,860

Jun 01, 2018

0.041864

0.042154

0.038743

0.039272

53,482

1,10,94,000

May 01, 2018

0.070925

0.070925

0.062352

0.066773

1,97,182

1,87,95,200

Apr 01, 2018

0.027605

0.028783

0.026294

0.026985

14,130

70,76,180

Mar 01, 2018

0.053765

0.062676

0.053563

0.059549

1,63,939

1,37,82,100

Feb 01, 2018

0.08254

0.090761

0.061503

0.077179

1,05,450

-

Jan 25, 2018

0.257266

0.259147

0.074258

0.132362

2,92,608

-

Trends so far

  1. aXpire is a very new cryptocurrency as of July 2018, being hardly 6 months old. This makes it difficult to predict its trends. The AXP token was initially valued at about $0.13 when it launched in January 2018, which was its maximum value. The value reduced to its minimum of about $ 0.017 in the beginning of July 2018, and its current value is $0.023 as of 23rd July 2018.
  2. The very low individual price of the aXpire tokens gives it a very low rank among cryptocurrencies globally in terms of market cap, despite its considerably large circulating supply. As of July 2018, it has a rank of 540 in global market cap rankings.
  3. Although the low market cap of aXpire is pretty discouraging, the idea behind the cryptocurrency and the software they have already developed, both show great potential. As of July 2018, the token may have a very low value, but this only means that as the popularity of the platform and consequent demand for the token increases, the value can only appreciate.

 

#5 – What makes AXpire different from other cryptocurrencies?

  1. aXpire is one of the few cryptocurrencies which have successfully combined the use of the blockchain and the machine learning and AI technology to achieve its goals, making it unique in its embracing of the upcoming technologies.
  2. The cryptocurrency is the only one which promises to save the funds of businesses, setting it apart from other platforms.

 

#6 – Should you invest in AXP?

  1. The low global ranking of the aXpire token is rather discouraging and a deterrent for investors. However, we live in a world which is still adjusting to Industry 4.0 and everything that comes with it, including AI and blockchain technology. The idea behind aXpire has solid potential, especially since it promises to help you save money and maybe even make more.
  2. As the popularity of the platform increases, so will demand for the aXpire token, which will in turn result in an appreciation in the token’s value. This makes it a good possibility for long-term investment, despite its low current market cap.
  3. The fact that AXP has a low individual price should be seen as an opportunity rather than a deterrent because investing in the currency will still leave you with most of your savings intact.
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