> For the complete documentation index, see [llms.txt](https://docs.axel.win/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.axel.win/what-is-axel.md). # What is AXEL **Powering Hyper-deflation and bonded liquidity system with buy and burn and high staking payouts** AXEL, built on PulseChain, is a hyper-deflationary token with a daily auctions system on top of [XBURN](https://xburn.win). It features a capped total supply of around 1.805 billion. The entire supply of AXEL tokens is distributed in the first 14 days of the protocol's existence, triggering a fast deflation afterwards with a big buy and burn and high staking rewards. **AXEL has 5% tax applied for all transactions excluding claim and deposit:** 2.5% from tax will be redirected to Payouts\ 1% will charge Jackpot for Blockchain Dev Simulator winners\ 1% AXEL BURN\ 0.5% XBURN BURN **AXEL's Pumpamentals:** 💥 Buy and burn and additional buy pressure through liquidity bonding with constant fulfillment of Axel Vault and tax, makes AXEL superior compounding machine. 🔥 High payouts for AXEL stakers & daily rewards for XBURN stakers 🔥 Hyper-deflation after 14 days 🎯 Capped supply of around 1.8 billion (1.805 billion exactly) ⏳ Full token distribution in 14 days 🟢 100% fair launch ♻️ AXEL Vault ensures perpetual auctions with deflationary tokenomics ⚡️ AXEL is powered by PLS; further liquidity bonding with XBURN and pVOLT amplifies the buy and burn with synergistic effect --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.axel.win/what-is-axel.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.