What is Axie Infinity (AXS) and How does it work?

Axie Infinity is one of the most popular blockchain games today, attracting millions of players worldwide. With an enticing play-to-earn gaming mechanism, this game not only provides entertainment but also creates opportunities for earning money and investing in the virtual world.

To better understand Axie Infinity (AXS) and related information about the project, please follow the content of the article below by AZcoin!

What is Axie Infinity (AXS)?

Axie Infinity is a blockchain game based on NFTs (Non-Fungible Tokens) that allows players to collect, nurture, and battle digital creatures called Axies. This game has garnered significant interest from the cryptocurrency community and is considered one of the most promising blockchain applications today.

Axie Infinity utilizes a Play-to-Earn mechanism, enabling players to earn AXS (Axie Infinity Shards) and SLP (Smooth Love Potion) tokens by playing the game and participating in various activities within the Axie Infinity ecosystem.

Development team, investors and partners

Development team

Axie Infinity is a product of Sky Mavis, a game company founded in early 2018. The company is headquartered in Ho Chi Minh City, Vietnam, with a team of 40 employees. The founders of Axie Infinity include:

• Trung Thanh Nguyen – CEO
• Aleksander Leonard Larsen – COO
• Tu Doan – Art Director and Game Designer
• Andy Ho – CTO
• Jeffrey Zirlin – Growth Lead

Investors

The project has also received support from other venture capital funds, including 500 Startups, ConsenSys Ventures, Pangea Blockchain Fund and Hashed.

Partners

Axie Infinity has also established notable partnerships with companies such as MarketDAO, Samsung, and Kyber Network, among others. This demonstrates the trust that major companies in the gaming industry have in Axie Infinity and its potential for future development.

Basic features of Axie Infinity

In Axie Infinity, players assume the role of Axie trainers and engage in battles with other opponents. Each Axie possesses unique characteristics that aid players in winning battles:

• HP (Hit Points): This indicates the health level of the Axie. During battles, if an Axie’s HP drops to zero, it is eliminated from the match.
• Morale: This reflects the fighting spirit of the Axie. If morale drops below zero, the Axie cannot use skills and can only perform normal attacks.
• Skills: These are the attacks an Axie can perform during battles. Each Axie has four different skills, and players must strategically use these skills to maximize effectiveness.
• Speed: This determines the battle order of the Axies. Axies with higher speed go first and can attack sooner.

Axie Infinity products

Battle

This is the main activity in the Axie Infinity game, allowing players to enter their Axies into battles against other players. Within the battle system, players have the opportunity to earn AXS and SLP – tokens used within the game and with real-world value.

Breeding

As mentioned earlier, Axie Infinity features the breeding mechanic. Players can nurture and breed two Axies to produce new offspring with inherited traits from their parents. This creates a diverse range of Axie types and helps players increase their chances of winning battles.

Land

This is a new feature of Axie Infinity, allowing players to own and manage a plot of land in the virtual world of Axie. Players can build houses, farms, and other structures to earn money in the game. Land is also considered a valuable asset and can be traded on the marketplace.

Marketplace

The Marketplace is where players can buy and sell virtual assets in the Axie Infinity game. Here, players can trade various types of Axies, AXS and SLP tokens, land plots, and other items. The prices of these assets can fluctuate based on market demand and supply.

Information about AXS Token

Like BNB and OKP, AXS is the primary token of Axie Infinity and holds real-world value. It is used within the game’s ecosystem for various purposes.

Important indicators of AXS Token

• Token Name: AXS Token.
• Ticker: AXS.
• Blockchain: Ethereum.
• Token Standard: ERC-20.
• Contract: 0xf5d669627376ebd411e34b98f19c868c8aba5ada
• Token Type: Utility.
• Total Supply: 270,000,000.
• Circulating Supply: 111,752,500 AXS.

AXS Token Allocation

• Staking Reward: 29%.
• Team: 21%.
• Play To Earn: 20%.
• Binance Launchpad Sale: 11%.
• Ecosystem Fund: 8%.
• Advisors: 7%.
• Private Sale: 4%.

Purpose of using AXS Token

AXS is used in various activities within the Axie Infinity ecosystem, including:

• Governance: AXS holders can stake their tokens to vote on desired features.
• Staking: AXS holders can stake their tokens to earn weekly rewards.
• Payment: AXS tokens are used for gameplay and as a means of payment.

Where to buy and sell AXS tokens?

Currently, AXS can be bought and sold on leading best crypto exchanges such as Binance, Huobi Global, FTX, Uniswap, and many others. Players can also purchase AXS directly from the Axie Infinity website or through the game’s ecosystem.

In which wallet to store AXS Token?

Popular wallets such as Trust Wallet, Ledger Nano S and MyEtherWallet currently support storage of AXS tokens. Players can also store AXS on wallets directly integrated with Axie Infinity, such as Metamask or Ronin Wallet.

Should you invest in Axie Infinity or not?

The answer to this question depends on each player’s individual goals. If you enjoy the game and want to earn money through gameplay, investing in Axie Infinity can be a good option. However, it’s important to note that investing in the cryptocurrency market always comes with high risks, and you should take responsibility for your decisions.

The end

Above is some basic information about the Axie Infinity project that AZcoin has just introduced to you. Investing in AXS tokens should be carefully considered, understanding both the opportunities and risks of the cryptocurrency market. Make sure you have a solid grasp of the information before deciding to participate in this game.