Axie Infinity (AXS) is an open-source blockchain-based platform for the rapid creation and deployment of connected IoT devices. It’s designed to reduce the cost and complexity of creating connected devices for the Internet of Things (IoT), and to improve the customer experience.

Axie Infinity (AXS) is an Ethereum based company that was founded in 2017 and was recently listed on the Bittrex exchange. The team is led by Co-Founder & CEO, Matthew Houpt, and has years of experience in the gaming industry.

The cryptocurrency market is volatile with every coin having a market cap that fluctuates up and down at dizzying speeds, and it’s no different now. While most of the coins are in the green, three of them are currently in the red. One of them, Axie Infinity (AXS), is a cryptocurrency that is currently experiencing a sharp sell-off, losing more than 75% of its value in the last few months.

Axie Infinity (AXS) is a cryptocurrency ecosystem and gaming network that allows users to earn money by playing games. Users may earn AXS through playing games in the Axie Infinity Universe and by participating in user-generated content projects. Axies are digital assets that may be collected, traded, fought, raised, and mated to gain rewards.

Axie Infinity, in particular, is very popular at the moment. In terms of daily, weekly, and active users, the network is the best. Axie Infinity, for example, has 250,000 daily active players. The game has raked in over 13,000 ETH in revenue, which is very impressive. Furthermore, the network plays an important role in offering an entertaining and informative method to teach blockchain technology to the general public.

Axie Infinity (AXS) - Twitter

Twitter – Axie Infinity (AXS)

What Issues Does Axie Infinity (AXS) Try to Solve?

Axie Infinity’s technological framework allows the platform to address many of the issues both players and NFT collectors have. The network offers users a realistic means of extracting value from the game world. Users spend both time and money in digital assets in the conventional gaming industry, but they never really own them. Axie Infinity disrupts the status quo by putting true ownership back in the hands of players.

Axie Infinity’s Advantages (AXS)

When consumers join the Axie Infinity environment, they enjoy a plethora of advantages. The blockchain-based trade and fighting game, for example, is very engaging. You can spend a lot of time exploring, fighting, and gathering precious NFTs (non-fungible tokens). The value of these tokens is determined by their scarcity and use in the game.

Expandable

The open-source nature of the Axie Infinity world is another significant benefit. The creators of the idea urge other members of the community to build tools to improve the overall user experience. As a result, the platform has a forward-thinking attitude.

Fee for recirculation

Profits are one of the most significant advantages that Axie Infinity consumers enjoy. Notably, 95% of the income is returned to the participants. Axie charges a 4.25 percent fee for purchasing and selling Axie NFTs. When users breed their Axies, they must also pay a modest charge.

Axie Stats - Homepage

Axie Stats – Axie Stats – Axie Stats – A

Passive Incentives

Axie Infinity’s ROI potential has led to the network’s usage as an employment platform in certain parts of the globe. Through gaming, users may win long-term benefits. The Covid-19 epidemic aided in propelling this income-seeking industry to unprecedented heights. There are now full-time players on the network who make consistent returns.

What is Axie Infinity (AXS) and How Does It Work?

Axie Infinity is a Pokémon-inspired world that incorporates elements from famous games such as Cryptokitties and others. Users may breed their Axies to acquire certain talents and characteristics. They may then use their specially designed Axies to accomplish missions in order to gain energy.

Axies

The digital animals that wander the cosmos are known as axeies. They have the ability to reproduce and pass on their distinct characteristics. Each Axie may only reproduce seven times before becoming infertile. This approach guarantees that comparable copies of these digital assets do not exist in excess.

Battles

Users may also compete for prizes by fighting one other. To earn leaderboard rewards, you may breed, raise, and then participate in PVP fights. Collectible NFTs, prizes, and tokens are all possible rewards. Your Axie grows increasingly valued in the ecosystem as you win more battles. Top the scoreboard, and your champion Axie will have a higher value than the rest of the field.

Axies in Fertility

The platform’s breeding element is one of its most important features. Each Axie contains a DNA code that retains its unique characteristics, comparable to Cryptokitties. Users may easily earn prizes by breeding and selling their Axies on the marketplace.

Axies - Homepage 2

Axies – Axies – Axies – Axies

Collect

Axie Infinity provides many benefits to collectors. The market’s self-sterilizing characteristics aid in increasing scarcity. Traders may now speculate on super-rare Axies due to the increased rarity. Also, popular DEXs like Uniswap make it simple to cash out your Axies.

Smooth Love Potion is a love potion that is both smooth and (SLP)

Smooth Love Potion (SLP) is a secondary cryptocurrency that may be used to purchase land, farm, or raise Axies in Lunacia. To breed Axies, you must first farm love potions. You may trade this token on Uniswap and Binance, among other prominent DEXs and CEXs.

Staking

In the Axie Infinity network, you don’t have to be a gaming expert to get prizes. By staking their AXS tokens, anybody may collect benefits. Staking is much less labor-intensive than trading for new users and offers a steady return. As a result, the majority of new users prefer staking over exchanging their cryptocurrency. Best of all, when you stake, you keep control of your digital assets.

Infinity Shards by Axie (AXS)

The network’s main utility and governance token is AXS. A number of activities may be completed to acquire this ERC-20 governance token. When you play games or engage in content development initiatives, you may earn AXS. SushiSwap and Uniswap are two exchanges where AXS is exchanged.

Administration of the Community

A decentralized governance system is included into Axie Infinity. AXS token holders may vote on improvements and more using this functionality. This mechanism also regulates how much money comes out of the Community Treasury. As a result, Axie Infinity is owned and managed in part by its users.

Axie Infinity’s History (AXS)

In 2018, Axie Infinity made its debut on the market. The business is based in Vietnam and is a for-profit entity. Axie Infinity has gained a lot of traction since its debut. The platform has a sizable gaming community as well as a large social media presence.

Bringing Transparency to NFT Gaming with Axie Infinity

Axie Infinity is an excellent illustration of how NFT gaming can benefit everyone involved. More engagements and revenues are expected by developers. At the same time, consumers benefit from a greater return on investment with less risk. As a result, it’s fair to predict that Axie Infinity will continue to be a market leader for the foreseeable future.

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Frequently Asked Questions

How much does an Axie cost?

The price of an Axie is $14.99 USD.

How do you get axis on AXIE infinity?

To get axis on AXIE infinity, you will need to install the Axis plugin.

How much is the cheapest Axie?

The cheapest Axie is $99.

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