When are coins burned?

The AXIA Coin Burning Smart Contract ensures that coins are burned from the Total Supply when any of the following events happens:

1. A new user is registered in the AXIA ecosystem
2. AXIA Coin is acquired inside the AXIA ecosystem.
3. AXIA Coin is placed in a staking pool.
4. AXIA Coin is released from a staking pool at the end of the term.
5. Activity inside the ecosystem generates proceeds or a fee.

For example:

- The transaction fee from AXIA Debit use is generated and an equivalent amount is burned. 

- Fees generated through ecosystem apps such as AXplorer will have an equivalent amount burned.