WAXL

1. Project introduction

Axelar delivers secure cross-chain communication for Web3. Axelar's infrastructure enables dApp users to interact with any asset or application, on any chain, with one click.

(1) Beyond bridges

Axelar goes far beyond sending wrapped assets with General Message Passing, which carries any payload securely cross-chain. Applications can call any function on any connected chain, and deliver a one-click experience for users on any other connected chain. This is a new kind of dApp development that puts users first and lets developers build on the platform best suited to their use case.

(2) Secure cross-chain communication

Cross-chain communication is easy. Secure cross-chain communication is hard. Most solutions today are permissioned multisigs, based on proof-of-authority, which has lost hundreds of millions in security exploits. Axelar network security is based on delegated proof-of-stake: a permissionless, dynamic validator set applies a consensus approach that is similar to the networks Axelar connects.

(3) Build via API

Atop of the Axelar stack sits an application-development layer, used to compose across any number of chains. Developers go cross-chain without new programming languages or added complexity. They focus on building the functionality that differentiates their dApp.

2. Team introduction

Co-Founder & Engineering: Sergey Gorbunov

Twitter: https://twitter.com/sergey_nog

Engineering: Christian Gorenflo

Linkedin: https://www.linkedin.cn/incareer/in/christian-gorenflo-8a3394124  

Co-Founder & Engineering: Georgios Vlachos

LinkedIn: https://www.linkedin.cn/incareer/in/georgiosvlachos

Engineering: Gus Gutoski

Linkedin: https://www.linkedin.cn/incareer/in/ggutoski/

3. Investment institution

Polychain Capital, Dragonfly Capital, Galaxy Digital, North Island Ventures, Robot Ventures, Lemniscap, SCB 10X, Divergence Ventures

4. Application and distribution

Token application:

The wAXL token supports incentive and fee payments to validators and stakers, and governance over the network.

Token distribution:

Company - Core Team: 17%

Company - Operations: 12.50%

Backers - Seed: 13.40%

Backers - Series A: 12.64%

Backers - Series B: 3.50%

Community Sale: 5%

Community Programs: 30.96%

Insurance Fund: 5%