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About Axie Infinity
- Axie Infinity is a blockchain-based trading and battling game.
- Players can collect, breed, raise, battle, and trade token-based creatures known as Axies.
- Axies are non-fungible tokens (NFTs) with different attributes and strengths.
- The game has its own governance token, Axie Infinity Shards (AXS), used for governance votes and funding.
Founders and Team
- Axie Infinity was created in 2018 by Sky Mavis, a technology-focused game developer.
- Co-founders are Trung Nguyen (CEO) and Aleksander Larsen
In the Realm of Axie Infinity
Axie Infinity (AXS): A Revolutionary Blockchain-Based Gaming Ecosystem
Axie Infinity is a pioneering blockchain-based game that seamlessly converges trading and battling, with a unique twist: it is partially owned and democratically operated by its community of players.
Delve deeper into the world of Axie Infinity by exploring our comprehensive overview of this innovative project.
Inspired by the beloved franchises of Pokémon and Tamagotchi, Axie Infinity invites players to embark on a captivating journey, where they can collect, breed, nurture, engage in battles, and trade unique, token-based creatures known as Axies.
These Axies can manifest in diverse forms, boasting an extensive repertoire of over 500 distinct body parts, encompassing aquatic, beast, bird, bug, plant, and reptile components. Each type class features four tiers of rarity: common, rare, ultra rare, and legendary — allowing Axies to combine body parts in countless ways, resulting in highly variable, often rare, and truly unique creations.
Each Axie, a unique non-fungible token (NFT), boasts distinct attributes and strengths, enabling it to participate in 3v3 battles. The victorious team earns experience (exp) points, which are utilized to enhance an Axie’s stats or evolve its body parts. Furthermore, these Axies can be bred together, yielding novel and singular offspring, which can be utilized or traded on the Axie marketplace.
The Axie Infinity ecosystem is complemented by its proprietary governance token, Axie Infinity Shards (AXS), which empowers holders to participate in pivotal governance votes and exert influence over the allocation of funds within the Axie Community Treasury.
The Visionary Founders Behind Axie Infinity
Axie Infinity was born in 2018, the brainchild of Sky Mavis, a trailblazing game development studio with a predominantly Vietnam-based team. The visionary co-founders, Trung Nguyen and Aleksander Larsen, brought this innovative project to life.
At the helm of the platform is Trung Nguyen, its current CEO. Nguyen boasts a BS in computer software engineering and a storied past as a software engineer at Anduin Transactions, which laid the groundwork for his eventual founding of Axie Infinity.
Aleksander Larsen, a former competitive gamer, is also recognized as a co-founder and COO of the platform. With a rich experience in blockchain gaming dating back to 2017, Larsen’s impressive background includes a stint as the executive security officer for the Norwegian Government Security Organization. Additionally, he holds the esteemed position of Secretary of the Board of Directors at the Blockchain Game Alliance.
In total, the Axie Infinity team comprises 25 full-time employees, a significant number of whom boast extensive experience in game development.
Unveiling the Unparalleled Charm of Axie Infinity
Each Axie boasts six distinct body parts, carefully selected from a vast array of hundreds, with each component possessing its unique battle move. This ingenious design yields an almost infinite diversity among Axies, where most exhibit relatively modest statistics, while those fortunate enough to possess the most optimal combination of body parts can boast truly exceptional stats.
Distinguishing itself from other blockchain-based battling and breeding games, Axie Infinity imposes a unique constraint: each Axie can only undergo a maximum of seven breeding cycles, thereby regulating the Axie population.
Axie Infinity boasts a dedicated mating hub, designed to facilitate the discovery of ideal breeding partners, thereby optimizing the chances of producing rare or powerful offspring. This process incurs a fee of 0.005 ETH, supplemented by Small Love Potion (SLP) tokens, to breed Axies.
AXS token holders will soon be able to stake their tokens, thereby unlocking the opportunity to receive regular rewards. However, unlike certain other stakeable assets, AXS holders will also be required to participate in voting and gameplay activities in order to claim their rewards.
Unveiling the Inner Mechanics of Axie Infinity
The gameplay of Axie Infinity revolves around the captivating experience of battling and breeding Axies, comprising four key stages: acquiring Axies, engaging in intense battles with fellow players, cultivating new Axies through breeding, and showcasing them for sale on the marketplace.
To engage in combat, players must possess an Axie, which grants them access to Adventure Mode (player versus environment) or Arena Mode (player versus player). Notably, Axies can be bred, although each individual Axie is capped at a maximum of seven breeding cycles. Lunacia, the native habitat of these digital creatures, is subdivided into tokenized territories, where players can scour for resources and upgrade their plots. Furthermore, the marketplace facilitates the exchange of Axies and land plots among players.
A pivotal aspect of Axie Infinity lies in its community-centric approach, where each member plays an active role in contributing, participating in governance, and creating content. The developers have also innovatively incorporated distinct mechanics that set Axie Infinity apart from its counterparts. Notably, the introduction of built-in population control has been a game-changer. Moreover, the vast array of Axies, resulting from diverse combinations of attributes, has sparked significant demand among gamers and collectors of rare NFTs.
To address the scalability conundrum, Axie Infinity has devised a novel solution by creating a sidechain on Ethereum, dubbed the Ronin Network. This innovative approach enables instantaneous transactions that bypass the Ethereum blockchain, thereby ensuring seamless interactions. Furthermore, users can securely store AXS and unique collectible NFTs in both Ethereum and Ronin wallets, and effortlessly transfer tokens from their Ethereum wallet to their Ronin wallet via the Ronin Bridge.
What Is the Circulating Supply of Axie Infinity (AXS) Coins?
The native ecosystem token, Axie Infinity Shard (AXS), debuted in November 2020. As the linchpin of the Axie Infinity game, AXS enables players to purchase, trade, and earn tokens simply by engaging in gameplay. Furthermore, top-performing players of each season are rewarded with AXS tokens. Notably, AXS also functions as a governance token, empowering holders to cast votes on proposed gameplay modifications and shape the platform’s future development.
Axie Infinity (AXS) boasts a total token supply of 270 million, with approximately 53.5 million tokens in circulation as of mid-November 2020.
In total, a mere 11% of the total supply was earmarked for participants in the Binance Launchpad IEO sale, with each Axie Infinity token priced at $0.10. Furthermore, a private sale accounted for an additional 4%. The remaining allocation is as follows: 29% is reserved for staking rewards, 20% is dedicated to the play-to-earn pool, 21% is allocated to the team, 7% is assigned to advisors, and 8% is set aside for the ecosystem fund.
According to the projected timeline, as outlined by Binance Research, the entirety of AXS tokens is slated to be in circulation by early 2026.
The Security Paradigm of Axie Infinity: A Robust Network
The Axie Infinity (AXS) token, an ERC-20 token, was launched on the Ethereum blockchain, thereby leveraging the robust security afforded by Ethereum’s proof-of-work (POW) consensus mechanism.
In early 2021, Axie Infinity is poised to undertake a pivotal migration, transferring its NFT tokens, encompassing Axies, Land, and other in-game item tokens, from the Loom Network to a bespoke sidechain on Ethereum, aptly named Ronin.
Ronin is a bespoke sidechain, meticulously crafted for Axie Infinity, and is currently under development by Sky Mavis, the visionary firm behind the acclaimed Axie Infinity game. This innovative solution is designed to facilitate near-instant transaction confirmations, significantly reduced gas fees, and empower Axie Infinity to achieve unprecedented scalability.
Where to Acquire Axie Infinity (AXS): A Comprehensive Guide
As of October 2021, Axie Infinity (AXS) is listed on a multitude of prominent exchange platforms, including esteemed names such as Binance, Huobi Global, Coinbase, Bithumb, KuCoin, Gate.io, and Kraken.
The correlation between Axie Infinity and Smooth Love Potion has given rise to a multitude of trading pairs, including SLP/ETH and SLP/BNB. Notably, there is considerable interest in the Philippines for the SLP/PHP exchange rate, in Australia for the SLP/AUD rate, and in Europe for the SLP/EUR rate.
Notably, Axie Infinity is listed with a diverse range of price pairs, including prominent ones such as AXS/USDT, AXS/BTC, AXS/BUSD, and AXS/BNB. As the game’s popularity has surged, so too has interest in AXS to PHP, AXS to AUD, and AXS to EUR conversions.
Immersive Adventures in Axie Infinity: A Gameplay Overview
Axie Infinity offers users a multifaceted opportunity to earn tokens through diverse aspects of gameplay. Moreover, it enables players to breed, nurture, and trade unique ecosystem game characters, known as non-fungible tokens (NFTs) – Axie creatures. These virtual pets possess distinct classes, characteristics, and attributes, making them collectible and tradable on the in-game marketplace, P2P Axie.
Axies are comprised of a distinct set of stats, encompassing class and body parts, which define their characteristics and rarity level. At the heart of the gameplay lies a unique set of ability cards, intricately tied to a specific configuration of traits. Moreover, each Axie is a one-of-a-kind, user-owned and controlled NFT.
The Revolutionary Play-to-Earn Paradigm
Axie Infinity is a trailblazer in the Play-to-Earn (P2E) paradigm, where gamers are incentivized with cryptocurrency and NFT rewards for their in-game accomplishments. Within this immersive online experience, users engage in turn-based battles, but what sets it apart is the unprecedented level of agency afforded to players, who have sovereignty over their characters, land plots, resources, and other in-game assets within the universe. Consequently, Axie Infinity has evolved into an open digital universe, where the economy is organically shaped by the collective actions of its players.
Ownership of in-game assets and unique digital items is authenticated via non-fungible tokens (NFTs), which serve as a digital deed, unequivocally verifying proprietorship. Consequently, users are empowered to both vend their Axies to fellow players and securely store them in cryptocurrency wallets, such as Trust Wallet, Binance Chain Wallet, or Ronin Wallet, the latter of which was specifically designed for Axie Infinity.
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