Axis Technologies Group, Inc. (OTC Pink: AXTG) is a holding company focused on decentralized finance (DeFi) and blockchain projects. Shares of the blockchain company are surging 153% through early trading on Tuesday, July 27, 2021. Over the past thirty days, Axis Technologies has seen average daily volume of 87,355 shares. However, volume of 15.95 million shares or dollar volume of $1.23 million, has already exchanged hands through early trading Tuesday.
Shares of Axis Technologies have more than doubled Tuesday, after the company announced the acquisition of TienChat Pte Ltd. and T8 Exchange Pty Ltd. through a share exchange agreement. Both companies officially get Axis Technologies into the DeFi and blockchain arena.
TienChat
TienChat is a Singapore-based company, which has designed and developed a global social networking platform on the blockchain. The goal is to create a borderless platform that can combine multilingual social media, cross-border payments, and digital asset transactions. TienChat’s platform allows users to conduct a variety of activities including: communication, payments & transactions, shopping, and more. TienChat app is available on the Android store and the company anticipates its Apple-based app go to live at some point during the third quarter 2021.
“We have produced a disruptive social payment software through market research, data analysis, and development seminars,” commented Mr. William Tien, the Company’s President and CEO and original founder of TiENCHAT. “TiENCHAT plays an active and effective role in promoting globalizations, bringing international social interaction back to the pure ‘people-oriented.’”
T8 Exchange & ETHFUND
The T8 Exchange is an Australia-based company, which owns and operates the T8EX and Trams Dex applications. These applications create a decentralized exchange platform that allows TienChat users to trade, swap and utilize cryptocurrencies for payments.
The exchange also is the developer of the ETHFUND, a decentralized NFT minting, swapping, listing, and exchange platform. ETHFUND allows TienChat users to gain access to the NFT ecosystem for trading, collecting, minting, and payment.
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