09.02.2024
What is Axie Infinity (AXS)?
In 2018, Sky Mavis, a Vietnamese company, unveiled Axie Infinity, transcending the conventional gaming realm. Going beyond mere entertainment, it represents a pioneering evolution in gaming, drawing inspiration from well-known projects like Pokemon Go and CryptoKitties. Axie Infinity constitutes a comprehensive ecosystem underpinned by Ethereum blockchain technology, seamlessly blending captivating gaming mechanics with groundbreaking concepts.
Within this immersive game, participants encounter virtual companions known as Axies, each possessing the status of a unique NFT token owned by a specific player. Through player-versus-player (PvP) and player-versus-environment (PvE) battles, individuals can accrue AXS and SLP tokens, enabling activities such as breeding, upgrading, and even real-money earnings derived from their virtual pets.
The distinctive traits, strengths, and weaknesses inherent in each Axie contribute to an enriched and diverse gaming experience. Furthermore, the inclusion of lands and other items, all represented as NFTs, expands players' options and heightens the overall allure of the gaming journey.
Beyond the realm of entertainment, Axie Infinity empowers users with the freedom to trade and exchange within the ecosystem. It surpasses the confines of a traditional game, ushering in an entirely novel realm where the boundaries between reality and virtuality blur, transforming leisure into a viable source of income. Axie Infinity stands as a gateway to a fresh era of both entertainment and economic possibilities.
Creators of Axie Infinity
Axie Infinity materialized as the ambitious brainchild of Vietnamese entrepreneurs Trung Nguyen and Aleksander Larsen, pooling their expertise to craft an unparalleled gaming platform. This venture seamlessly integrates avant-garde blockchain concepts, enthralling gaming mechanics, and global economic opportunities for players.
The duo's vision extended beyond conventional gaming; they aspired to construct a complete virtual ecosystem where users could derive not just enjoyment but tangible earnings. Axie Infinity's distinctiveness lies in this audacious approach, setting it apart from counterparts in the global cryptocurrency and gaming landscapes.
With a cadre of adept developers, designers, and blockchain specialists, Sky Mavis initiated the conception of Axie Infinity's unique universe. Within this digital realm, players assume the role of guardians for their exclusive creatures, known as Axies. These entities transcend mere gaming avatars, featuring real ownership facilitated by non-fungible token (NFT) technology, allowing battles, tasks, and tangible asset ownership.
Axie Infinity transcends the traditional gaming paradigm, evolving into a comprehensive ecosystem where AXS and SLP tokens assume pivotal roles. The AXS token (Axie Infinity Shard) empowers players not just in controlling gameplay but also in participating in staking and earning deserving rewards. Conversely, SLP (Smooth Love Potion) acts as a crucial income source, enabling the breeding of new Axie creatures or their exchange for real currency. It's not merely a game; it's a distinctive ecosystem where each token enhances the player's unique journey.
This groundbreaking approach transforms Axie Infinity into more than a typical game. Striving for a singular experience, the creators fashioned a novel way of interacting with the gaming industry, aiming to transform players into active participants in the economic system. This differentiation propels the Axie Infinity project to the forefront, marking it as one of the most innovative and promising endeavors in the realms of blockchain and gaming. AXS and SLP transcend mere cryptographic tokens; they emerge as potent tools, unlocking new vistas in the virtual realms of gaming and economics.
AXS Cryptocurrency and SLP Token
The AXS cryptocurrency transcends its role as a mere medium of exchange; it stands as a pivotal element unlocking avenues for management and rewards within the Axie Infinity gaming ecosystem. This token signifies more than digital currency; it embodies the dynamic involvement of players in shaping the development of the gaming universe. With a total supply capped at 270 million coins, each coin assumes a unique function in propelling the project forward. The AXS reserve is strategically allocated for public sale, integration into the gaming process, and distribution among developers. The initial offering on the primary market hovered just below 60 million coins, with this figure steadily rising as the project progressed towards its 2026 goals.
Smooth Love Potion (SLP) is not just a run-of-the-mill digital asset; it holds a significant and distinctive role within the Axie Infinity ecosystem. SLP functions as the primary income source for players, providing the flexibility to either sell it or employ it in the creation of new creatures in the Axie realm. This token surpasses mere currency status; it stands as a crucial element supporting the gaming economy, and its supply is limitless. Players can acquire SLP by accomplishing various tasks and emerging victorious in battles against adversaries. Following the use of SLP, the tokens undergo a burning process, incentivizing continued active engagement in the game. Additionally, there exists a daily limit on their production, ensuring a balanced and sustainable economy within the gaming world.
How AXS Works?
Axie Infinity's architecture presents participants with diverse avenues to acquire AXS tokens:
- Framing (Breeding). Players engage in the breeding process, cultivating SLP tokens to nurture monsters within the game. These creatures can then be exchanged on various trading platforms, including Uniswap.
- Collecting. The unique and rare instances of «Axies» become covered commodities, capturing the attention of players willing to invest substantial sums. This dynamic creates a vibrant market for collectors.
- Participating in Battles. PvP battles not only deliver exhilarating entertainment but also serve as lucrative opportunities. Leaderboard leaders stand to gain bonuses and prizes, fostering a competitive spirit among participants.
- Axie Breeding. Players can capitalize on the in-game marketplace by creating and selling monsters, providing an additional avenue for earning within the Axie Infinity ecosystem.
These varied opportunities make Axie Infinity an enticing platform for those seeking not just entertainment but also avenues for earning. Each day, a multitude of players immerse themselves in the game, uncovering new and rewarding ways to accumulate AXS tokens.
Difference Between «Axies» and AXS
Over the past year, the Axie Infinity initiative has marked considerable strides, introducing the Axie Infinity coin and elevating its game to the status of the inaugural video game granting players absolute control. Recognized as the official governance token adhering to the ERC20 standard within the Axie Infinity universe, AXS has endowed holders with unprecedented authority.
This token bestows the power to stake it, partake in crucial voting processes shaping the project's future, and actively engage within the gaming sphere. Crafted with specific objectives in mind, developers designed AXS to achieve:
- Decentralization of Project Management and Ownership. AXS stands as a tool empowering players to actively partake in decision-making processes concerning the game's management and continuous evolution.
- Rewarding Users for Gaming Interactions and Providing Additional Bonuses. AXS serves as a means of recognizing and rewarding players for their achievements and proactive involvement in content creation, fostering a symbiotic relationship between their contributions and the gaming environment.
The Axie Infinity game transcends mere gameplay enjoyment; it establishes an ecosystem wherein participants wield influence over the project's development and, in turn, receive corresponding rewards manifested in the form of AXS tokens.
NFT «Axies»
What lends an irresistible allure to NFT «Axies»? Within the immersive realm of Axie Infinity gaming, each crafted entity, aptly named an «Axies», stands as a distinctive token, possessing unique attributes. Players have the liberty to curate their teams, engage in individual skirmishes, or orchestrate grand clan wars cultivated by the user community. The inherent singularity of each monster is intricately tied to its «genetics», facilitating the inception of an endless array of diverse «Axies», rendering each one genuinely exceptional.
To fully plunge into the gaming cosmos, a minimum acquisition of three «Axies» is requisite, with prices commencing at $200 USD for the most economical creatures. A noteworthy facet of the narrative lies in the historical benchmark set two years prior, marking the most exorbitant monster with a staggering price tag of 300 ETH.
As players ascend to triumph within the game, their rewards materialize in the form of AXS tokens, and each novel «Axies» begets a unique NFT. This token, a tradable commodity, presents an additional avenue for income when sold on exchanges. This income-generating prospect holds particular appeal for users in developing nations, where gaming earnings occasionally surpass the average income levels prevailing in their respective regions.
AXS Cryptocurrency Forecast
AXS entered circulation in 2018, maintaining a price range of approximately $5-6 until the onset of 2021. During the same year, a significant surge occurred, influenced by broader market dynamics. In September, the cryptocurrency marked its inaugural and distinct historical high, surpassing the $76 threshold. Following a modest correction in November, the price climbed to $150, although it did not sustain at that level. Remarkably, the price did not revert to the January 2021 levels, signifying the retention of potential and the sustained trust from investors and users.
As of the current writing, the Axie Infinity price stands at $7.006626 (AXS/USD), with the market cap reaching $960 million. Notably, projections for the Axie Infinity price indicate that numerous analysts and crypto investors anticipate the AXS/USD rate to potentially reach $7.5 by the conclusion of 2024.
