- Blockchain: Ethereum
- Game(s): Axie Infinity: Homeland, Axie Infinity: Origins
- Whitepaper:
$AXS (Axie Infinity Shards) is a cryptocurrency used in the Axie Infinity ecosystem, which includes Axie Infinity: Origins, a popular card battler for PC and mobile. $AXS serves as a governance token, providing holders voting power in key decisions, is integrated into play-to-earn mechanics, where players can earn $AXS upon specific in-game achievements, and also serves as a medium of exchange for transactions in the Axie marketplace.
It is a fungible, Ethereum-based ERC-20 token limited to a total original supply of 270,000,000.
The price of this token is subject to high volatility.
What are $AXS tokens used for?
- Medium of Exchange: $AXS serves as a currency within the Axie Infinity ecosystem, used to buy, sell, and trade Axies, virtual land, and other in-game assets.
- In-Game Rewards: $AXS is used to reward players based on in-game achievements (e.g. leaderboard and tournament rankings, breeding Axies, managing land plots).
- Staking: Players can stake $AXS to earn rewards, and may be granted governance rights over the use of the Community Treasury, based on the number of $AXS staked.
- Governance: $AXS is required to participate in the decentralized governance of the Axie Infinity ecosystem (e.g. voting power on resource allocation, token burning, and funding new projects).
How to acquire $AXS tokens?
- Play-to-Earn Rewards: Players may earn $AXS based on various in-game achievements within the Axie Infinity game ecosystem (e.g. winning ranked battles or tournaments, breeding Axies, tending to land plots).
- Staking: $AXS holders can stake their tokens to earn staking rewards in the form of additional $AXS. This incentivizes long-term token holding and alignment with the ecosystem.
- Direct Purchase: Players can acquire $AXS by purchasing it directly from the Axie NFT marketplace.
- Airdrops: $AXS may also be distributed as rewards during special in-game events, promotions, or community initiatives organized by the Axie development team or partners.
- Community Initiatives: In some cases, $AXS may be earned by contributing to user-generated content initiatives or creating valuable content that enhances the Axie community.
- Crypto Exchanges: $AXS may be purchased on a cryptocurrency exchange and imported into the game through a player’s crypto wallet.
⚠ Disclaimer: The above information has been gathered from the coin's whitepaper and other official sources, such as social media channels. Some features may be planned, but never implemented. Web3gamer doesn't recommend buying cryptocurrencies except for gaming purposes, within your standard gaming budget, and after fully assessing and understanding the associated risks.
