Each class has its own pros and cons that make them more or less effective against other classes. All Axies belong to classes (Aquatic, Beast, Bird, Bug, Plant, or Reptile) but there are also three secret classes (Dawn, Dusk, and Mech). Some of the characteristics are common to all Axies in the game, while others are specific to special classes of Axie.

whether it will fetch a good price on P2P marketplaces. Battling gameplay: Each Axie has a slew of characteristics that influence both its battle mechanics and how desirable it is to other players – i.e.The core functions are collecting, trading, and battling Axies and these are supplemented by building up land-based kingdoms and contributing to the in-game ecosystem. The platform provides a spectrum of features that players can access to diversify gameplay and to find new ways to contribute to the Axie Infinity universe. How Does Axie Infinity Work?Īxie Infinity is an open-ended flexible gaming universe in which players can battle their Axies in real time but can also trade them and other tokenized in-game resources, such as plots of land. In doing so, the hope is that players will form communities that not only contribute to the in-game universe through contributions that earn them tokens but also have a say in how the Axie Infinity game develops further. Investors who don’t want to play Axie Infinity can still buy and sell both tokens on decentralized crypto exchanges.īeyond these core functions, the developers of Axie Infinity have opened up new avenues of gameplay, such as opening up aspects of the Axie universe to community developers. SLP, on the other hand, is earned by playing Axie Infinity and can be used to breed new Axies, which can then be traded in-game for AXS. As the principal Axie Infinity coin, AXS is the game’s central governance mechanism, which players can use to influence the platform’s development.

In addition to raising and trading Axies, players can also earn income in the form of two ERC-20 tokens, Axie Infinity Shards (AXS) and Smooth Love Potions (SLP). Each Axie is a unique NFT that can be bred to produce more Axies or traded through an in-game P2P Axie marketplace. As with similar games, such as CryptoKitties (the game that launched the NFT gaming craze), Axie Infinity invites players to collect, breed, battle and trade digital creatures called Axies. Since 2017, online games built around non-fungible tokens have been growing in popularity but their meteoric rise is only now underway. What are the stats associated with Axies?Īxie Infinity is a blockchain game inspired by the successful Pokémon games series, in which players can earn tokens through various aspects of gameplay.How is the Axie Infinity Network Secured?.How Many Axie Infinity Shards (AXS) Are There in Circulation?.Who Are the Founders of Axie Infinity? (History of Axie Infinity).“We are distributing AXS tokens to our founding community member’s Ronin wallets based on the snapshot taken on October 26th, 2020. ”īesides launching the staking program, Axie Infinity also distributed 800,000 AXS tokens to the community members who joined nearly a year ago or earlier. Meanwhile, with a P/E of 11.2X, AXS could double from current levels and its valuation would still look reasonable vs other DeFi and gaming Dapps.

With staking yields still at 188%, I expect there will be a supply crunch for AXS. SpartanBlack, the pseudonymously named partner at the digital asset investing firm Spartan Group, says the fundamentals of AXS look bullish. This is 64,516 AXS per day and 2.24 AXS per block (there are ~28,800 blocks in a day).”Īxie Infinity says it plans to distribute 78.3 million AXS to users who staked their coins in the next 5.5 years.Īt the time of writing, the number of AXS staked is slightly over 12.4 million, worth approximately $1.9 billion, with an annual percentage rate of 179%. “During the first month of staking we will distribute 2,000,000 AXS. During the inaugural month of staking, Axie Infinity says it will distribute AXS worth around $300 million as rewards. The new all-time high coincides with Axie Infinity launching staking and distributing hundreds of thousands of AXS tokens to early adopters.Īxie Infinity launched the AXS staking program on September 30th. The governance token of the Ethereum-based game, Axie Infinity, is reaching new all-time highs after launching introducing a staking program.Īt the time of writing, the governance token abbreviated as AXS (Axie Infinity Shards) soared to a fresh all-time high at $155.88, up over 140% in just one week, according to CoinGecko.ĪXS has skyrocketed 112,442% since it printed its all-time low at $0.12 in November last year.

Axie infinity shard