For example, AXS holders can vote on how the game’s ecosystem funds or the treasury funds are allocated and spent
The AXS token is an important ingredient within the Axie Infinity ecosystem for several reasons.
They are available on centralized and decentralized exchanges, and in this guide, we will focus on the former option, which is much simpler and more appealing to most beginners. However, playing is not the only way to get your hands on any of the two tokens because you can also buy them off crypto trading platforms. The two tokens can be earned by players as rewards for winning battles, leveling up, and evolving. These Axies are non-fungible in nature and can be bred, raised, battled, and traded within the Axie Infinity ecosystem. These are:ĪXS is a governance token that will be the focus of this article, while the SLP is used to facilitate the breeding of digital pets within the game called Axies. Players get rewarded in two types of tokens for skilled gameplay and participating within the Axie Infinity ecosystem. In 2020, the game conducted a successful crowdfunding exercise through the Binance Launchpad IEO (initial exchange offering), raising close to $3 million. It was launched in March 2018 by Vietnamese video game developer Sky Mavis. IntroductionĪxie Infinity is a Pokémon-inspired blockchain-based P2E game currently with hundreds of thousands of players.
#Axie infinity platforms how to#
This guide details some of the uses of AXS, how to buy it, and why a casual investor may consider investing in the token. Its native ecosystem token, Axie Infinity Shards (AXS), is also one of the largest crypto assets by market cap.
Axie Infinity is among the leading play-to-earn (P2E) blockchain-based games.
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