Buy Axie Infinity (AXS): Axie Infinity is a blockchain-based game. It enables players to collect and battle Axies, earn cryptocurrency, and participate in a decentralized ecosystem.
The Axie Infinity game is a project that combines gaming, decentralized finance (DeFi), and non-fungible tokens (NFTs).
It is a play-to-earn blockchain game built on the Ethereum network. Inspired by the Pokémon universe, players collect and raise creatures called “Axies.” Each Axie is a unique NFT, making ownership a valuable asset.
Axie Infinity runs on the Ronin Network with the “Axie Infinity Token” or AXS as the main gaming currency.
AXS (Axie Infinity Shards) is the governance token of Axie Infinity. It gives holders the right to vote on upgrades to the game and how to use the community treasury. It can also be used in the NFT marketplace. Users earn AXS either in-game or by staking their tokens. Here’s why Axie Infinity stands out.
Axie Infinity pioneers a system where players can earn cryptocurrency by simply playing the game. Unlike traditional games, where players spend hours without financial gain, Axie rewards victories with crypto.
Players need at least three Axies to start playing. These Axies can be purchased using cryptocurrency or obtained through scholarships.
The game balances rewards by “burning” cryptocurrency during breeding, ensuring a sustainable ecosystem.
Axie Infinity saw explosive growth up until January 2022, where it logged 2.8 million players per month. However at the time of writing (May 2024), there are around 344,000 players per month.
For many players, Axie earnings surpassed what they could make from traditional jobs. However interest has fallen since then. Unfortunately this whole drop in interest came about due to a hack.
In the Ronin Network breach (March 2022) hackers exploited a security flaw in the Ethereum-based sidechain created specifically for Axie Infinity. As a result of this cyber attack, approximately US$625 million worth of cryptocurrency was stolen.
Many players had their digital assets stored on the platform, and company-owned funds were taken as well.
The breach left thousands of users out of pocket, affecting their investments and in-game holdings. This also made the price of the Axie token drop, so people had less incentive to play.
Axie Infinity is expected to rebuild its popularity and is on the way to doing that. Even now, the game provides economic opportunities, especially in countries like the Philippines and Venezuela. Players only need an internet connection and a mobile phone to join in.
The cost of acquiring Axies can be a barrier for new players. However, the scholarship system bridges this gap. Managers (Axie owners) lend Axies to scholars, who play the game without upfront costs. The resulting crypto rewards are split between the manager and scholar.
Scholarships democratise access, allowing more players to participate in the Axie ecosystem.
Despite the challenges, Axie Infinity remains a notable blockchain-based game with a dedicated community of hundreds of thousands, and a unique play-to-earn model.
Axie Infinity combines entertainment, financial incentives, and community-driven governance. Dive into the Axie universe, collect your Axies, and start your play-to-earn journey.
CoinJar makes it easy to acquire Axie Infinity tokens (AXS). Follow these steps:
Sign Up to CoinJar: Download the CoinJar app on iOS or Android. Create an account and verify your ID.
Deposit Funds: Transfer funds from your bank account.
Buy AXS: Purchase AXS. Welcome to the Axie Infinity club!
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Players can purchase Axies on CoinJar and transfer them to their Ronin Wallet, a purpose-built wallet by Sky Mavis for Axie Infinity.
The community treasury holds AXS tokens and allows holders to vote on game upgrades and usage of funds.
SLP is earned by playing Axie Infinity and is used for breeding new Axies.
Players can stake Axie Infinity Shards (AXS) on Ronin to earn rewards.
AXS is the governance token, granting voting rights and utility within the ecosystem.
Use SLP to breed new Axies and expand your collection.
The Ronin Wallet facilitates seamless transactions within Axie Infinity.
Axie Infinity operates on the Ethereum network.
Gas fees are incurred during transactions on Ethereum.
SLP is essential for breeding and enhancing Axies.
Players can engage in adventures to earn rewards. The idea is to collect game assets. Axies and other in-game items are valuable assets. Axie is a Play-to-Earn (P2E) model.
The development team behind Axie Infinity.
Axies have different body parts (such as eyes, ears, mouth, horn, etc.), each affecting their abilities in battles.
In Adventure Mode, players explore a decentralized world, complete quests, and earn rewards.
The game is at the forefront of the P2E movement, where players can earn real value by participating in the game.
Sky Mavis, the development team, continuously improves Axie Infinity, adding features and enhancing gameplay.
Small Love Potion was used to breed Axies. As the game developed, there was a token upgrade to the Ronin blockchain. Now it is called Smooth Love Potion.
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