Axel (software company)

Axel (stylized as AXEL) is a Las Vegas-based software development company. The company specializes in commercial software products related to file sharing.

The company was founded in 2005 as StoAmigo.

In 2016, the company received a patent for a secure media distribution system.^[1]

In 2018, StoAmigo rebranded as AXEL, short for ‘Autonomous eXchange via Entrusted Ledger.^[2] AXEL was granted a patent for its Autonomous Exchange via Entrusted Ledger technology in 2020.^[3] The technology uses a token identification system to verify individual transactions and create records of previous transactions.^[4] The technology also uses a digital wallet and signature to verify individual users in the blockchain.^{[5] [6]}

In 2019, AXEL received a patent for a secure method of communication between media hosts and clients.^[7]

In 2019, AXEL released AXEL Go, a cloud-based file sharing software program. In 2021, AXEL Go was reviewed by Lawyerist, receiving a positive review.^[8]

In 2021, AXEL was granted a patent for a media management system to store, organize, and share digital media.^[9] Later, the company patented a file sharing system that allows data to be shared without being stored on a server.^[10]

As of 2021, AXEL is the 19th-ranked Masternode blockchain project by market cap.^[11]

In 2021, AXEL became a member benefit of the Florida Bar.^[12] Later, AXEL also partnered with Phi Alpha Delta.^[13] AXEL Go was also made available on Theorem, a legal tech marketplace software.^[14]

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