Nick Agar is using AXIA to reward the community in an unprecedented way for their everyday actions
First of all, how are you and your family doing in these COVID-19 times?
Nick Agar: Thank you for asking. The pandemic has made life difficult for everyone. My family and I are certainly no exception. For me professionally, being able to build a global project is not something I ever take for granted. I’ve been very fortunate to be able to continue with my life’s work with an incredible team throughout the past year and a half.
Tell us about you, your career, how you founded AXIA?
Nick Agar: I have a background that is a mix of finance and technology. I have spent a significant amount of time researching different monetary systems and economic philosophies, examining both the short-term and long-term impact that each system and/or philosophy could have. The conclusion I came to during this work is an obvious one: the current economic and financial systems in place are not working. With so much technological advancement, there is limited growth in productivity and overall prosperity. However, the advent of blockchain opened the door to creating decentralized solutions to many of these problems, which could, in turn, deliver a more prosperous future for people across the globe. My frustration with the pitfalls of the economic system, combined with the realization that modern technologies could help solve its deficiencies, resulted in the creation of AXIA.
How does AXIA innovate?
Nick Agar: In many ways, but perhaps most notably in the way we deliver value to our users through so many different touchpoints. We don’t aim to influence or change our community’s habits or behaviours but instead reward them in an unprecedented way for the actions they were already taking every day. A great example of this is the AXplorer Browser that was just released; not only can users get value from enhanced privacy and security features, but they can also earn AXIA Coin (AXC) every single day through things like setting it as their default browser and surfing the web. AXIA has taken the online experience and given our community a chance to monetize it to earn rewards over time, which is entirely contrary to how big tech operates as they opt to take value from their users rather than provide or share that value with them.
AXIA is a non-profit decentralized project that is here to deliver an ecosystem of applications, businesses and platforms that all give value to our users constantly and consistently.
In terms of the tokenomics of AXIA, the project has a hyper-deflationary and asset-supported model. A limited supply of AXC is always decreasing due to fee burning, while the asset-supporting structure can simultaneously go up. This creates an increased scarcity of AXC over time that can also be strengthened by the asset-supporting structure of the AXIA Reserve. AXC can also be used in the real world anywhere through AXIA debit cards, bridging the worlds of traditional finance and crypto.
How does the coronavirus pandemic affect your business finances?
Nick Agar: The pandemic has been an unquestionable tragedy, but it has expedited interest in digital payments and cryptocurrency in a major way globally. At the same time, government spending during the pandemic has spotlighted monetary policy and how inflation and government debt negatively impact the long-term outlook for traditional currencies. Given this context, interest in AXIA has accelerated as consumers search for financial systems that work in their favor and allow them to protect and potentially enhance value in ways that they no longer can in the traditional system. The innovative tokenomics of AXIA are designed to do exactly that.
Did you have to make difficult choices regarding human resources, and what are the lessons learned?
Nick Agar: One benefit of this industry is how highly decentralized it is. The team is distributed all around the world, from North America to Asia and many places in between. AXIA is very fortunate to have so many people involved who are working tirelessly to not only bring all of these groundbreaking platforms to the market but are driven off of ultimately providing a positive impact to people all over the globe and trying to change things for the betterment of everyone.
How did your customer relationship management evolve? Do you use any specific tools to be efficient?
Nick Agar: Being responsive to the needs of our users and community members always comes first for AXIA. The project has a dedicated support staff and community management teams that respond to inquiries of all kinds. AXIA is committed to delivering as much value as possible in as many ways as possible to its users, so it remains a top priority to always keep innovating, improving and growing in all ways that are possible to continue to build on the value that people can receive from their participation in the project and community.
Did you benefit from any government grants, and did that help keep your business afloat?
Nick Agar: Although AXIA is a non-profit, it was completely built out in a private manner. We are very thankful and grateful to have been put in a position where AXIA is specifically focused on bringing its platforms, applications and businesses to the market where the users not only get all the benefits but generate those benefits through decentralized activity and community building.
Your final thoughts?
Nick Agar: The monetary systems in place continue to negatively impact productivity growth and the purchasing power of our dollars. Wages remain stagnant, barriers to entry grow, and wealth becomes more and more concentrated. AXIA delivers a more inclusive, fair, efficient, productive financial system while giving all participants the chance to make their money more impactful by simply doing the same things they were already doing every day, like going to the grocery store, using a browser to surf the web and so on. All the decentralized activity in the ecosystem has the potential to have a positive impact on thousands or millions of people around the world. Meanwhile, the different AXIA platforms, applications and businesses also give users the chance to earn regular rewards for being active participants in the ecosystem, which can help them achieve a stronger financial future for themselves and their loved ones. Knowing all of this, why would you want to use any other currency?
Money more impactful