What is Axie Infinity (AXS)?
Axie Infinity (AXS)
is an online game that allows players to earn money. Therefore, it can also be called a play-to-earn game. In recent years, games on the blockchain have become extremely popular, and Axie Infinity has become one of the frontrunners in this field.
What is Axie Infinity?
Players can own and breed their own pets, called Axies, within Axie Infinity. These animals come in different colors, shapes, sizes, and names. Axies can therefore be compared to Pokémon creatures, only in this case you really are the owner of the animals.
It's possible to breed new Axies, so you'll eventually have more than one. You can also fight other Axies to earn in-game tokens. In this way, you can earn money from playing Axie Infinity. It is also possible to buy and sell other items, such as Axies, Lands, Items and Bundles in the special marketplace. A brief explanation of what these items are:
- Axies. These are the animals that players can own within Axie Infinity.
- Lands. Players also have a piece of land that serves as a "home" for the Axies. On these pieces of land, various items can be placed, or food can be grown that can be used for sale.
- Items. Within the game various in-game items can be used. These can be sold on the marketplace. Some items are extremely rare, which means they can bring in a lot of money.
- Bundles. These are groups of items that are bundled together.
Axie Infinity is an online game that falls within the DeFi gaming category. These are games that run on the blockchain, and you can make money from them. The game's data is not stored on a central server as it normally is. Instead, this data is stored on the blockchain. This ensures that players have more control over their data, but also actually own the in-game items they own.
In the case of Axie Infinity, the game runs on the Ethereum blockchain. This makes have possible the use of NFTs, also known as non-fungible tokens.
Objects within Axie Infinity are in fact stored as NFTs. This allows items to be distinguished from each other and linked to their owner. This is also exactly what allows players to make money from a play-to-earn game like Axie Infinity.
AXS and SLP tokens
The ecosystem of Axie Infinity has two types of tokens. These are Axie Infinity Shards (AXS) and Smooth Love Potion (SLP). Both tokens can be used by players to play the game.
The AXS token is based on the ERC20 protocol, and a total stock of 270 millions of these is available. These tokens can be used as governance tokens, which means that players can help determine what the future of the platform will look like. Users also have the option to strike the AXS token.
The SLP token is a token that is widely used within the game. You can feed your Axies with it, but also need it when you want to breed new Axies. How do you get the token? By winning battles against other players. When you feed your Axies with SLP tokens, they will perform better and better, and can also create better Axies. There is no total supply of SLP tokens.
If you want to invest in Axie Infinity, the AXS token is suitable for this purpose. There is a limited stock of these, which makes it an ideal token to invest in. Of course, it is wise to always do your own research, and not just follow the advice of others. This way you will learn why an investment goes right or wrong, and you can adjust your strategy accordingly in the future.
How do players make money with Axie Infinity?
Axie Infinity is a play-to-earn game, and there are several ways players can earn money.
- Battles. Players earn money by winning a battle against other players. There are different categories and levels, which determine how high the reward you receive for winning.
- Breeding Axies. When you breed new Axies, you will receive rewards for this in the form of SLP tokens. In total each player can breed 7 Axies within the game.
- Complete Tasks. There are standard tasks defined that players can complete to receive tokens as rewards.
- Sell items. In the marketplace of Axie Infinity, you can sell various items. Think of Axies, Lands, Items and Bundles. These are items that you can use within the game and are therefore very interesting for other players.
Not all objects are worth the same amount of money. Therefore, it is important to pay attention to which objects you would like to buy, because otherwise you could lose a lot of money playing this game.
Where can you buy Axie Infinity (AXS) tokens?
You buy AXS tokens from Axie Infinity easily and securely at Coinmerce. If you already have an account at Coinmerce, first log in and then go to the Coins page via the menu. Here you can use the search bar to look for Axie Infinity's AXS token.
At Coinmerce, it is possible to buy AXS tokens with iDeal
, SEPA, Giropay, Bankcontact, Sofort, EPS and MyBank.
Don't have an account with Coinmerce yet? No problem, you can easily create an account by clicking here [LINK TO CREATE ACCOUNT]. After your account is created and verified, you can start buying AXS tokens at Coinmerce.
How can you store AXS tokens?
After purchase, you can store your AXS tokens in Coinmerce's software wallet. You don't have to worry about security, because we always store a large portion of our tokens in cold storage. This keeps them out of the hands of people who should not have access to them.
It is also possible to store your AXS tokens in your own hardware wallet. Almost every hardware wallet, such as Ledger and Trezor, supports Axie Infinity. To send AXS tokens from Coinmerce to a hardware wallet, you will first need to verify the address of the hardware wallet with Coinmerce.