$WAXC+0000 is a wrapped version of AXIA, designed to allow AXIA holders to interact with the ZERA Network. This token functions as a bridge, enabling AXIA’s use within ZERA’s ecosystem, but it’s important to recognize that $WAXC+0000 is not AXIA itself. Instead, it’s a mirrored representation with additional use cases, similar to how wrapped tokens like wrapped Bitcoin work in other ecosystems.

How it Works:

Users can exchange their AXIA into $WAXC+0000. The tokenizer holds the original AXIA and exchanges $WAXC+0000 on the ZERA Network. For full details, review the exchange agreement below.

The Exchange Agreement between AXIA Coins and WAXC Coins can be found here.

The waxc-exchange agreement may be amended. To see the past history of amendments, and how they can potentially benefit you, you can view the verbose list of amendments here.

For support in the exchange process, email waxc-support@zavane.com.

Attestations:

To move into WAXC, a user must go through an attestation process. The attester will provide collateral to ensure the integrity of the wrapped token. In the event of a breach or failure in the wrapping process, the attester’s collateral will be used to cover any damages. Additionally, punitive measures may be applied to the attester’s collateral to uphold the integrity and support of WAXC.

For more information on becoming an attester and the requirements involved, please email Zavane at axia-attestation@zavane.com. The attestation involves providing significant collateral, a 60 day lock-up period after last attestations, among other provisions and obligations.

Purpose:

The primary function of $WAXC+0000 is to allow AXIA holders to leverage the ZERA Network features. However, $WAXC+0000 itself does not grant any special powers or enhanced functionality over the original AXIA on the AXIA Network. It’s simply a bridge to allow AXIA to be used within ZERA’s infrastructure.

ZERA Network Token:

• Contract ID: $WAXC+0000

• Maximum Supply: ∞

• Pre-minted Supply: 0

• Governance Type: Staggered

  • Voting Threshold: 2%

  • Quorum: 50.1%

  • Fast Quorum: 50.1%

  • Voting Period: 7 days

• Compliance: Required

  • $WAXC+0000

  • Level 1

Compliance certificates are issued to your minted wallet on issuance. Contact us at WAXC-Compliance@zavane.com to explore getting compliance certificates not through the wrapping or issuance process.

Conclusion

$WAXC+0000 serves a practical purpose: bridging AXIA with the ZERA Network. It’s not a new or enhanced version of AXIA, but rather a way to allow cross-ecosystem participation. It’s a simple utility for interoperability between two blockchain networks and on the ZERA Network, with no added frills or claims.

For any WAXC inquiries, email waxc-support@zavane.com.