Axelar Network Releases $AXL

Cross-chain interoperability network Axelar has released its token $AXL. $AXL can be used for paying fees for network usage, governance and rewarding validators, ecosystem builders and community contributors. 1 billion $AXL is issued at genesis, most of which are locked. These tokens can be staked, but cannot be spent or transferred until they are unlocked, or released.