Axion has a new auction model where instead of using the ETH gathered from the auction to buy AXN on uniswap to pump the price, it turns around and buys WBTC and one other ERC20 on uniswap decided by community vote.
Auction participants are now getting a "bad deal" on AXN to participate in the auctions to get other tokens and also staked AXN's.
Stakers also get a piece of the air dropped tokens bought on uniswap. Not sure how much stakers get though. Kind of a unique development.
Use my ref link here for an extra 10% AXN. I will continue to watch this project from a distance. However, I myself am not convinced it is worth it to dump any ETH into this.
https://stake.axion.network/auction?ref=0xbac1b5d2c835d2bc65b32bf2a76acc179f9b150b
Quick video updating my experience with Avalanche Staking and I'm also now farming extra Pangolin tokens as I have not much else to do with my remaining AVAX (that weren't staked) and PNG tokens so I decided to start a farm!
Having fun. This is almost as fun as when I was playing with Ethereum during the bear market.
What I think about Axion. The tokenomics behind Axion is really convoluted. I am not convinced it will pump.
If you decide to buy Axion in the Auction. Use my referral Link down below.
https://stake.axion.network/auction?ref=0xbac1b5d2c835d2bc65b32bf2a76acc179f9b150b
Topic of Discussion is how to deal with Crypto Taxes.
I ended up using tokentax.co seemed to work quite well. I will try them first again next year, although I think my taxes next year may get even more complicated.