AxEL is a token. Data transfers can be made with the AXEL token. Axel. The InterPlanetary File System is one of the new technologies that AXEL builds. Axel go. AXEL Go is a cloud storage and file-sharing application. The AXEL token is needed to share files across the network. The network is called the AXEL. The AXEL Network is powered by Masternodes and has a global footprint. Operators of masternodes are critical to building a network that can be trusted. Transactions are secured on the AXEL Network with the help of masternodes.