Informal Staking has been a validator on Axelar Network since October 2022. Here at Informal Staking we believe that developers should have the ability to build on whichever platform best suits their application, while still having access to access to users, and assets/applications in other ecosystems. Axelar Network aims to make this possible through a permissionless Proof-of-Stake transport layer.
AXL is the token that secures Axelar Network. It is used for transaction fees, governance proposals, and to reward ecosystem builders and community contributors. Developers can build on their choice of platform that best suits their use case, however, they will have access to users, assets/applications in all other ecosystems.
Axelar Network aims to enable composability between blockchains, dAPP users can interact with any asset/application on any chain. Developers can build on their choice of platform that best suits their use case, however, they will have access to users, assets/applications in all other ecosystems.