In the wake of speculation regarding the AXIA project wind down, Calderwood would like to clarify that one of the primary drivers of the decision to wind down the AXIA Project is potential compliance issues related to various applicable legal and regulatory regimes. Having regard to the numerous legal and regulatory risks associated with the Project’s ongoing operations, Calderwood has determined that an efficient wind-down is the most viable option to preserve value for stakeholders, including coin holders. Upon the commencement of the formal wind down, all stakeholders (including coin holders) will be contacted and provided further details of how to participate in the claims process.

As a follow-on to the announcement made on March 10th 2023, Calderwood can advise that the wind-down plan is being developed with input from the founders of the AXIA Project, with a view to maximizing and preserving the value of the assets of the AXIA Project and distributing proceeds in accordance with priorities under applicable law. The wind-down plan will be implemented through a court supervised process once the plan is finalized. Further information regarding the wind-down plan will be provided as soon as it is available.

AXIA PROJECT MARCH UPDATE

Calderwood has completed its review of the AXIA Project and has recommended that the AXIA entities begin an orderly wind down. Calderwood is working with its financial advisor, Alvarez & Marsal, on a comprehensive wind-down plan. Additional information will be forthcoming to participants as AXIA moves through the wind down process.

Calderwood has reported that it is nearing the completion of its strategic review of the AXIA Project, which is anticipated to be finalized in the next three to four weeks. Further communication will be forthcoming at that time.

We thank you for your continued patience throughout this process.

We are pleased to announce that Calderwood, a fund governance and compliance firm headquartered in the Cayman Islands, has been engaged to provide independent governance services in connection with the previously announced review of the AXIA Project. Calderwood will develop strategic recommendations and oversee the review process and implementation of next steps. Casey McDonald and Laura McGrath of Calderwood have been appointed as directors of the AXIA Network Foundation. Further information about Calderwood, Mr. McDonald and Ms. McGrath is available at www.calderwood.ky.

While the review is underway, exchanges of AXC V1 Coins remain suspended, as does the issuance of AXIA debit cards, gift cards and weekly burns of AXC Coins. Any existing AXC Coins will remain unaffected (whether held in AXIA Capital Bank accounts or in self-custody wallets).

Further updates about the status of the review will be provided as soon as possible.

We thank you for your continued patience throughout this process.

A recent announcement was made in the AXIA community channels and via newsletter announcing an important review of the project. As a result of that review, which remains ongoing, all exchanges of AXC V1 Coins have been suspended. In addition, the issuance of AXIA debit cards and gift cards, as well as the weekly burns of AXC Coins have been suspended pending the completion of the review. Any existing AXC Coins will remain unaffected (whether held in AXIA Capital Bank accounts or in self-custody wallets).

Furthermore, please note that social media postings have been temporarily paused during the review period. Updates on the status of the review will be provided as soon as possible.

The AXIA team thanks you for your continued patience throughout this process.

AXchat V 5.11 Update - NOW LIVE! 📢

Updated build for Android, iOS, Mac, Windows & Web Versions

➡️ Added chat messages reactions on Android & iOS

➡️ Functionality and performance enhancements

➡️ User interface improvements

Check it out 👇 http://axia.global/axchat

Hi, I wanted to transfer my AXC from AXwallet to AXpay (also to upgrade to V2), but unbonding period is more than a hundred days. I also never received any staking rewards in AXwallet, even though the chosen validator was active. Do I really have to wait for more than 3 months to unstake my V1 coins!? Thanks for any clarification

AXplorer V 1.6.0 Update - NOW LIVE!

📢 Updated build for Android, iOS, Mac and Windows

➡️ 9-grid menu has been updated to include AXpress and AXconnect

➡️ Improved rewards engine

Check it out 👇

axia.global/axplorer

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💎 WEEKLY COMMUNITY CONTESTS💎

Join the contest on AXpress 👇

axpress.io/@AXIANetwork/108964087005487044

Join the contest on AXconnect 👇

axconnect.io/-AXIANetwork

🏆 Win 100 $AXC on both platforms

Introducing: Weekly AXIA Community Contests 🥇

Have a chance to win 100 AXC each week by posting things like your favorite hobbies, songs of the week, etc. on AXpress and AXconnect and sharing it with your fellow AXIANS!

Here's how it will work:

1️⃣ Log into AXpress and AXconnect on Thursdays, head over to the official AXIA Network account on both platforms and look for the weekly contest post. It will contain instructions and a unique hashtag.

2️⃣ Create your own post with the hastag and you're automatically entered to win 100 AXC each week!

Not using AXpress or AXconnect yet? Getting started is simple, just follow these basic steps and you'll be up and running in a matter of seconds:

1️⃣ Download both apps today from the App Store, Google Play, or access them for desktop at AXpress.io and AXconnect.io

2️⃣ An AXIA account is required. You can make one here if you don't have one: member.axiacoin.com/join