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AXIAL ENTERTAINMENT Digital Asset

About AXL

Cryptocurrency developing a sound ecosystem of the entertainment business
such as performances, arts and sports

AXIAL ENTERTAINMENT Digital Asset is to become the key currency of all contents consumption markets
in entertainment industry to clearly reveal the enterprise revenue and profit reward plan to all AXL holders.

This will be perfectly used for the way of investment for domestic/foreign pop concert and performance planning,
and the way of consumption for the entertainment markets.

AXL Mission

Axl is free to use all contents and services in the X-Widget ecosystem, which enables continued value growth for AXL.
In addition, performances and concerts tickets can be purchased using AXL.

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Team AXL Solution

We built a system that can compensate for the problems in the existing entertainment industry
and solve the problem of ticket touts that are currently socially and economically harmful by using blockchain technology.

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    Create a new entertainment market based on transparent data disclosure
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    Reduce service cost by the integration of payment system
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    Solve the existing crowdfunding problems
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    Convenient content purchase with a simplified process
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    Provides fast transaction speed
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    Entertainment market ticketing/facility cost reduction and support

Why AXL

"AXIAL ENTERTAINMENT Digital Asset "

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    Perfect security model
    By constructing a private storage chain that has high fusibility, all channels perform perfect security, covered by a cloud proxy layer.
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    Consumer right protection
    Based on differentiated technology, provides AXL Wallet Application and prevents unreasonable commission payment.
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    Smart Contract
    Transparent transaction proof method that uses smart contracts. Prevents unreasonable expenditure /of consumers that is caused by illegal expedient ticket reselling.
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    Machine Learning Service
    To raise the value of AXL, the machine learning algorithm is used to apply to recommend the system that considers users’ preference.

ATL (Anti-Ticket Laundering)

In the AXL project, the key technologies are 'Hidden Barcode Technology',
which sets time conditions to open purchase information,
and the 'Anti-Ticket Laundering' payment system, and an alteration prevention solution.

Applying the hidden barcode technology, even if a ticket transaction is concluded, purchase information such as
seats will not be opened before a certain time, thereby preventing illegal transactions such as ticket touting,
ticket dumping' and illegal transfer.

Ticket issuance process with ATL

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DID Procedures

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Real-Use Coin

In all apps developed by XWidget, AXL Coin is free to use.
Enjoy shopping/investment/culture-life/P2P transactions with AXL!

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Road Map

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The continuous growth of live performance market

Music consumption culture is shifting from ‘audio music’ to ‘visual music’ (success of idol artists)
and as the desire to purchase tangible albums is decreasing, the trend is shifting to performance watches.
Famous pop-starts are increasingly visiting Korea to perform, and globalization of K-POP has dramatically

increased global tour, performance planning of Korean artists. As the album is more used in promotions and
more revenue is made from performances, the damage from illegalexpedien reselling is a continuous problem.
With global live performance market showing CAGR of 2.7% with about $28 billion scales in 2015,
performance industry that provides ‘visual music’ is making itself a major source of income
in the music industry compared to the stagnated album, music market.

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Global sports industry market is expanding, in collaboration
with tourism, fashion, electronics and IT industries.

Global sports industry market is expanding in collaboration with tourism,
fashion, electronics, IT and with increasing interest and expenditure in
culture leisure, the sports industry is categorized as a high-growth industry
with 11.4% of CAGR. Sports tourism market scale amounts /at/ about
$600 billion annually, accounting for 14% of the global tourism market.

Problems of the current entertainment industry

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    Usage of illegal expedient ticketing programs

    A small number of individuals or enterprises preoccupy 30~50% of popular concert tickets. They sell tickets illegally expediently at 5~10 times margin.

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    Consumers are responsible for the damage

    Purchasing illegal tickets is prone to the fraud of illegal transfer, And consumers take all the loss and responsibility.

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    Damage reduction by price normalization

    Consumers wanting to enjoy concerts at a normal price are directly damaged by illegal expedient ticket reselling.

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    The necessity to exterminate reselling tickets

    Artists also do not want their fans to buy tickets at an unreasonable price. And due to illegal expedient ticketing, all tickets are sold but seats remain empty.

News Articles

News sclap & Recent

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    2019.11.25

    Sung-Woon Kim, CEO of the Blockchain Company X-Widget, announced “Digital Asset AXL now mounted on Samsung Blockchain Keystore

    Blockchain company X-Widget introduced its anti-ticket laundering solution through its digital asset "AXL token" and digital asset wallet "Master Walllet", which are mounted on Samsung's Blockchain Keystore, on Oct. 18 to establish the correct ecosystem in the domestic and foreign performance contents markets. The Anti-Ticket Laundering(ATL) solution developed by X-Widget is a technology called "Hidden Barcode" which is linked with AXL,(AXIAL ENTERTAINMENT Digital Asset) providing QR code tickets that are disabled at the time of the purchase, and gets activated only through purchaser's DID authentication 30 minutes to 1 hour before the performance begins. This is expected to prevent ticket touts and greatly reduce the damage caused by the touts.
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    2019.10.02

    FMC Group's subsidiary company X-WIDGET signed an exclusive development contract for REDISION's payment system.

    "We are planning to introduce a high-quality and convenient blockchain platform based on indigenous blockchain technology through a business agreement with REDISION, a license partner of TELKOM/TELKOMSEL, Indonesia's largest telecommunication company." said CEO Kim Sung-Woon. "We will contribute to the expansion of the blockchain market, which is a key player in the growing fourth industry, through meaningful results of entering the global market of blockchain technology in Korea, and use it as an opportunity to greatly expand the business scope of X-WIDGET to the global market." he added.

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