It’s 2021, and that means you can earn money by breeding virtual pets.
An easy way to think of Axie Infinity is to imagine a blockchain game that combines Pokémon and CryptoKitties. More specifically, Axie Infinity is an NFT game and ecosystem built on the Ethereum blockchain. Its native cryptocurrency is an ERC-20 token called Axie Infinity Shard (AXS).
What is Axie Infinity?
Within the ecosystem, players can use teams and formations in the Adventure mode (PvE - Player vs. Environment) to battle monsters in Lunacia – the Axie Infinity kingdom. They can also choose the Arena mode (PvP – Player vs. Player) to battle other real-life Axie trainers. When you win, you gain an asset called Small Love Potion (SLP), which is used for breeding Axies. SLP is also an ERC-20 token and can be traded on exchanges like Binance.
What is Axie Infinity Shard (AXS)?
The AXS coin (Axie Infinity Shard) is relatively new to the Axie Infinity universe – it was released in November 2020. AXS holders will be able to use the token for staking and receive AXS by voting and playing. These rewards come from the Community Treasury, which is filled by in-game purchases. As of January 2021, however, this Community Treasury and the staking features are not yet implemented.
The total supply of AXS will be 270,000,000. Some tokens were allocated to the public sale, some for the play to earn features and some to Sky Mavis and advisors to the project. The initial supply at the first public sale was just under 60,000,000. The number of tokens released is expected to grow yearly until 2026.
AXS use cases
Axie Infinity wants to be a mature game that gets players hooked, has a strong community, and a thriving ecosystem. For fans of Pokémon or Final Fantasy, Axie Infinity offers a fun gaming experience to become immersed in.
As of February 2021, there are over 27,000 players of Axie Infinity. If the game can garner an even larger player base, it will surely add more value to the ecosystem. As we’ve mentioned earlier, the Ronin sidechain, along with a free-to-play version, is being implemented to encourage even more growth.
By playing Axie Infinity, players can earn both AXS and SLP tokens by various means. These tokens can then be exchanged for other cryptocurrencies. There are already gamers out there making money from playing Axie Infinity.
How to store AXS
The future of the AXS token relies on the playability and popularity of the Axie Infinity game. The game is fun to play, fleshed out, with plenty of room to grow. It has also proven itself over the past two years and has new features on the way to entice more players to join.