The Axion Venture Capital Auctions have launched!
The highly-anticipated ground breaking feature of the Cryptocurrency AXION has now launched it’s VCA’s, enabling all users on it’s platform to now receive a diversified stream of passive income!
The Venture Capital Auctions run every Tuesday and Friday; and on each of those days, Liquid Wrapped Bitcoin is distributed in real-time towards all participants in the Axion ecosystem.
Let’s go over some of the amazing benefits that users can enjoy when it comes to these Auctions:
Firstly, for the people bidding in the auction, they will INSTANTLY receive 10% of their Ethereum bid in the auction, right back as liquid wBTC! It is instantly available, no waiting involved! Just check your MetaMask wallet to find your wrapped Bitcoin!
Secondly, for everyone who is staked during the VCA’s, they will enjoy receiving wrapped Bitcoin dividends in real time, as the auction bids flow in throughout the day! Simply find this in your “Staking” page on the official Axion Staking Platform.
Upon clicking the withdraw button, the wrapped Bitcoin will be sent right to your Metamask wallet.
The inner workings of where this Bitcoin is coming from is quite simple. 85% of the Ethereum put into the Axion VCA, is redirected towards purchasing Wrapped Bitcoin on Uniswap, and then is distributed to all of the staking class of Axion. The more shares that a user owns in Axion (That is, their total share percentage), the more wrapped Bitcoin dividends they will receive!
So, you can get wrapped Bitcoin as a free bonus, earned by either bidding in the VCA auctions, or by simply staking your Axion! It doesn’t get much more passive than this. Purchase some Axion and stake it today if you would like to generate yourself a nice passive income for years to come!
