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A universal category-theoretical characterization of groupoid equivariant -theory for -graded -algebras is established, by observing the ``-axiom’’ that for each , the `corner-embedding’ -homomorphism is invertible in . This -axiom and homotopy-invariance characterize graded -theory universally and completely, thus directly extending the well-known characterization of -theory for ungraded -algebras via stability, homotopy invariance and splitexactness by Higson.

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