An Introduction to the Axie Infinity Platform and The AXS Cryptocurrency

Trading of AXS can be done on a variety of cryptocurrency exchanges, such as Binance, OKX, Bybit, Huobi, MEXC, Bitget, Phemex, FTX, and Kucoin, among others. The AXS/USDT currency pair is consistently ranked among the most popular ones.

A Successful Project

Axie Infinity is a platform that gives users the opportunity to contribute to the ecosystem while also earning tokens in a fun and engaging manner. On the surface, it appears to be a cartoon game about amazing animals, but behind the scenes, it functions as both a social platform and a professional network. It makes use of NFTs, which are also known as irreplaceable tokens, and despite the fact that it is still in early access, it is now ranked top among NFT platforms built on Ethereum.

Axie Infinity makes use of the AXS Token (ERC-20), which is a governance tool. AXS holders receive rewards for participating in activities like as gaming, the creation of user-generated content, and voting on governance issues.

On the Binance Launchpad, the Axie Infinity (AXS) project is the seventeenth one to be listed. The lottery results will be released at 8:00 am on November 4th, despite the fact that the calculation of user balances didn’t start until October 27, 2020 and didn’t end until November 3rd.

How to Obtain and Use of AXS Tokens

The Axie Infinity network uses the AXS Token as a governance token. Maintains compliance with the ERC-20 standard. This asset’s mission is to strike a healthy balance between the incentives offered to players and those presented to developers. The process works toward achieving the following two primary goals:

The management of projects is being decentralized.

Players will be rewarded and given an incentive to continue using the platform in order to accumulate extra incentives for doing so.

Users receive AXS tokens as a reward for participating in voting and performing a variety of tasks while playing the game.

The developers, despite the fact that they are aware of the significance of decentralized management, are of the opinion that the shift toward it should be made in stages. They are also mindful of the fact that the majority of projects that made the shift all at once were ultimately scrapped. The Treasury will begin operations sometime in the early part of 2021. It will first be managed by Axie Infinity, but in the long run, assuming sufficient decentralization, it will be handed over to AXS holders to manage on their own.

The Beginning of Work

Axie Infinity provides the user with a fully functional economy in which they are able to sell their in-game assets in exchange for digital currency. Tokens are the representation of game assets, known as Axie. A digital wallet, like as MetaMask, provides the user with the ability to separately store tokens. It won’t take more than a few minutes to download and install MetaMask on your computer.

The user is required to purchase at least three Axies before they can begin playing. For the cryptocurrency ETH, you can purchase them through the marketplace on the official Axie Infinity website.

Gameplay

The framework of Axie Infinity is designed to function as an open digital cosmos for the administration of virtual pets. The supply of exciting gaming was responsible for the growth of the network as well as the attraction of an adequate number of participants. The following are the primary components that it consists of:

• Animal breeding. Axie is capable of reproducing and giving birth to new creatures. At the same time, there are limits placed on the number of children that an animal can have throughout its entire lifetime. Each crossing will set you back 0.005 ETH in addition to the cost of gas and certain love potions (potions can be earned in Adventure or Arena modes).
• Genetics. There are seven requirements for every axie (body shape and six body parts). There are three categories of genes for each component (dominant, recessive and minor recessive, each of them has its own chance of manifestation). An individual’s value increases in proportion to the number of uncommon genes that it has.
• Arena battles. The strategy game Idle Heroes and Final Fantasy Tactics come to mind when thinking about the game’s combat mechanics. It performs exceptionally well in eSports competitions.
• Territory. The landmass known as Lunacia, which serves as the setting for the game, has been parceled out into 90601 individual plots. As with tokens, participants have the ability to freely transfer (sell or trade) their plots of land.

The sites and Axie both benefit from the utilization of resources that can be found strewn throughout the playing field. Crafting a variety of items requires the use of resources as well. Aside from that, AXS tokens can be found on the sites. The primary rights to any resources or assets on the site belong to the person who owns the site.

Conclusion

Users are in complete agreement that the gaming is intriguing and thrilling, which is a factor that adds to the incorporation of blockchain technology into people’s everyday lives. Axie Infinity really does have a big potential. A vast community actively supports it and is waiting for upgrades, and it is obvious that the corporation is not going to stop there.