Sirwin
Sirwin

E&S: AXS, A Blockchain-Based Trading And Battling Game


Good morning Publish0x community! Welcome back in this new article of my “Easy & Short Cryptocurrencies Made Accessible” area.

In this article we talk about more features of Axie Infinity!

In the last E&S article I introduced you Axie Infinity (AXS) and I said that is currently one of the most popular Play2earn games in the world, played by thousands of users and with a colossal volume of asset transactions within it. Players who decide to register and play the game, have the possibility to obtain prizes and rewards for the game played. We have been a concrete reference point in the cryptocurrency sector for years and we are now proposing a game that integrates the well-known blockchain technology (used directly in many sectors).

Let’s start to talk about the token AXS!

AXS Tokens

Players who participate in activities on Axie Infinity can obtain assets and tokens based on missions and objectives completed. The two assets present within Axie are:

  • AXS token (Axie Infinity Shard), which also acts as a governance asset, giving the possibility to the owners (as in many other ecosystems) to vote on new upgrades and changes.
  • SLP (Smooth Love Potion) token, which we will find again talking about the functioning of Axie Infinity, intended in this case as a real game.

For AXS, the total offer established by the whitepaper amounts to 270,000,000 coins, with a progressive issue, to be completed by 2026. Axie Infinity (AXS) belongs to the category of ERC tokens - 20 (recalling the presence of Ethereum building technology).

Beyond its relevance within the game and ecosystem, the Axie Infinity (AXS) cryptocurrency has its own value and listing on the crypto market. It can therefore be traded and traded through the methodologies available in the cryptocurrency industry to date.

Axie Infinity Marketplace

axie

 

Objects, game structures, as well as Axie itself, can be bought in the Axie Infinity Marketplace. This is a real online store, in which all the possible tokenized assets present in the game are put on sale. The countervalue can be calculated based on the selling price (which is shown in cryptocurrency) based on the exchange rate at that moment.

What are the assets and instruments that can be purchased within the Axie Infinity Marketplace? Following are the available sections:

 

  • Land.
  • Bundles.
  • Items.
  • Axies.

What are the risks?

Potential risks of the project include competitive games with better gaming experience and stronger earning features. Thanks to its strong community, AXS largely avoids this risk, as many players have already invested a lot of time in the game. It's also prone to security issues that updates might introduce, but that's unlikely. Continued mismanagement and broken game mechanics can also lead to user exodus. However, the track record of game designers suggests this is unlikely to happen.

Axie Infinity saw an uptick in June 2021 after switching to the Ronin sidechain to avoid gas fees on the Ethereum chain. Axie still has room to grow, as play2earn games are increasingly played in the "traditional" gaming community and among console players. Income keeps increasing. Axie Infinity's protocol revenue has exceeded $800 million as of the beginning of the fourth quarter of 2021. With a market cap that places Axie Infinity in the top 5 gaming companies in the world and a still small user base compared to traditional video games, future growth is nearly limitless.

axie

Next Sunday I’ll introduce to you a new cryptocurrency.

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MikeZillo
MikeZillo Verified Member

Daily Trader, Mining Farm Project Manager, Blockchain consultant, Cryptocurrency evangelist. You can find more videos here https://www.youtube.com/channel/UCvyXx6I1C__zmLAYUXNZwQQ? Telegram: @mikezillo


Easy&Short. Cryptocurrencies made accessible
Easy&Short. Cryptocurrencies made accessible

In this section, we are going to create two article per each cryptocurrency/token. The first one will be technical, with a simplification of the Whitepaper and the second one will be about particulars of the coin. For example staking yields, particular functions and so on! I am sure you will like this very much!

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