Axie Infinity

What is Axie Infinity (AXS)?

AXS, also known as Axie Infinity Shards, is a native token Axi Infinity, which is a play-to-earn combat and trading game. Before purchasing AXS tokens, be sure to analyze Axie Infinity price changes. The asset is considered volatile and subject to fluctuations. You can see the real-time AXS price chart above.

The game is based on Ronin, which is an Ethereum sidechain designed specifically for Axie Infinity. The company named the sidechain after the masterless samurai from feudal Japan to symbolize their desire to be independent.

Sidechain Ronin uses multisignature method, which includes nine validators who verify deposits and withdrawals. Five of the nine validator signatures are required to recognize a deposit or withdrawal.

The legendary Tamagotchi and Pokemon became the main inspiration for the crypto game Axie Infinity. The main goal of the game is collecting, breeding and growing axieswhich are animated fantasy creatures stored in the form non-fungible tokens (NFTs).

Players can equip their Axis with a wide variety of body parts. These pieces are made to resemble reptiles, bugs, birds, plants or any other natural creatures. There are four types of rarity levels for each body part: common, rare, super rare and legendary. Additionally, each body part has a unique fighting technique.

Since Axies are NFTs, each one has unique qualities, meaning that There will never be two identical Axes. The uniqueness of each character may affect the price of AXS. Axis abilities can be used in 3v3 combat. By winning a battle, players receive experience points that can be used to develop their Axis.

In addition, players can create completely unique and new Axis by breeding existing ones. To help players find a compatible partner to pair their Axie with, Axie Infinity offers docking point. However, to keep the number of Axis under control, each Axi can be bred a maximum of seven times.

Also note that in order to breed Axis, players must have a certain amount Smooth Love Potion (SLP) tokens. This is another currency created in the game and used specifically for breeding Exy. The SLP price does not directly correlate with the AXS price.

What are the requirements to enter the game? To get started, you need to store some Ethereum coins in a digital crypto wallet, for example: MetaMask. You then need to download the Ronin wallet and deposit Ethereum coins from your wallet to the Ronin wallet using the Ronin bridge. To start playing, you need to purchase at least three Axies. Once you have them, you can download the game and start playing.

History of Exy Infinity

Axie Infinity was released in 2018 by Sky Mavis video game studio that Trung Nguyen and Alexander Larsen founded in Vietnam.

Alexander Larsen is a passionate gamer himself. Before founding the crypto game Axie Infinity, Larsen worked for the Norwegian government security organization. In the crypto gaming industry since 2017. In addition, he is the secretary of the board of directors of the Blockchain Game Alliance.

Trung Nguyen has a degree in computer software engineering. He previously worked at Anduin Transactions as a software engineer. Additionally, he also worked at Trusting Social and co-founded Lozi.

They were joined Andy Hotechnical director, responsible for the organization’s technical strategy, and Tu Doangame designer who oversees the art team and created the original Axies.

Purpose of AXS Tokens

AXS is a token based on ERK-20 token standard. The main purpose of Axie Infinity tokens is control.

AXS token holders can participate in decision-making processes regarding the further development of the game and the distribution of funds from the Axie community treasury.

Besides, AXS coins can be staked to earn staking rewards. However, betting alone is not enough – players must also participate in the management process and play the game in order to receive these rewards.

In addition to purchasing AXS coins from various exchanges, they can also be purchased in other ways, including:

• Breeding and sale of axies.
• Competing in PvP battles
• Purchasing Rare Axies
• Smooth Love Potion Tokens for Farming
• I complete in-game quests

If you decide to purchase AXS tokens, please be aware that the price of Axie Infinity is subject to change. This is because the price of AXS fluctuates along with other crypto assets as a result of changes throughout the market.

AXS Tokenomics

AXS tokens are deflationaryThis means that they have a maximum supply of 270 million tokens. As the supply of available tokens decreases, the price of Axie Infinity in the cryptocurrency market is expected to increase.

AXS tokens were originally issued through a sale on Binance, which took place in 2020. The sale distributed 11% of AXS’s supply. At that time, the price of AXS was $0.10. The majority of AXS’s offering (29%) is dedicated to staking rewards. In addition, 21% goes to Sky Mavis and 20% to P2E rewards. The remaining supply was distributed between advisors, private sales and the ecosystem fund.