Get to Know Axie Infinity (AXS), a Virtual Game That Offers Crypto as a Reward! - Kakiforex.com - Financial Market Media No. 1 in the World Get to Know Axie Infinity (AXS), a Virtual Game That Offers Crypto as a Reward! Get to Know Axie Infinity (AXS), a Virtual Game That Offers Crypto as a Reward!
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July 14, 2021

Get to Know Axie Infinity (AXS), a Virtual Game That Offers Crypto as a Reward!

 Making e-sports a career is not a foreign thing for the Gen Z generation. But, making e-sports capable of offering crypto investment opportunities as a career may not have been widely accepted.


That's what Axie Infinity is trying to highlight, befitting the current era of modernization.


What is Axie Infinity (AXS)?




Axie Infinity is a crypto game that offers its users to interact in a virtual ecosystem, Axie Infinity through a character known as Axie and generate two types of tokens, AXS, and Small Love Potion (SLP) as rewards.


The game practically resembles virtual games like Digimon, Pokemon, and The Sims. However, all three are limited to the collection of skills or virtual money (bits, poke, simoleon) that can only be used in the game only.


But through Axie, you can generate crypto. Simply put, Axie is a kind of play-to-earn game.


There are three tokens you need to know besides AXS and SLP.


AXS: It is a governance token. Usually it is used to make voting or decision on the direction of the Axie Infinity platform. It is generated based on your progress in the game.



SLP: Ethereum-based tokens (ERC-20), are also used in Axie Infinity especially to breed Axies including character level-ups. SLP can also be traded.


Non-fungible tokens (NFT): All Axies, land or anything of value in Axie Infinity such as crops or ornaments can be purchased and sold as NFT.


If interested in starting to play Axie Infinity, you should have at least 3 Axies. Each adult axie is traded at a price tag starting at 0.1 ETH (~ RM791) and can go as high as 0.2 ETH (~ RM1582). In addition, there is definitely a need for AXS, which can be purchased at Binance, Huobi or Gate.io.


Is Axie Infinity A Good Investment?


So far, Axie Infinity has good, consistent, and clear protocol development. It was backed by millionaire Mark Cuban and BlockTower Capital for which Axie Infinity managed to raise $ 7.5 million.


In June 2021, phase 2 of AXS integration with Ethereum -based decentralized exchange (DEX), Ronin is fully operational. Over $ 100 million had been put into Ronin for Axie Infinity by the end of June.


In fact, Axie Infinity also integrated with Chainlink Oracle in November 2020, whereby the Chainlink Verifiable Randomness Function (VRF) can be used on the Axie platform.


Soon, the game will be available on iOS and Android. For now, on iOS this game is still in trial period.


Although this game has been picked up as a side income alternative, it still has its risks. Before making an Axie Infinity investment, make sure you understand how it works and possibly the coin’s reaction when the market is volatile.