Axie Infinity coin introduction an its functionality and why brings fun to crypto.

Axie Infinity coin Definition

Axie Infinity coin is a crypto-meets-Pokémon game in which players raise, battle, and trade their cute Axies. The game has two native cryptocurrencies: AXS, and SLP. The first can be bought and sold as a tradable asset on the cryptocurrency exchanges, while the latter is earned by playing over time in the game itself.

The summer of 2021 saw Axie Infinity — a crypto-meets-Pokémon game where players were raising, battling, and trading Axies—be the biggest crypto app on Ethereum by far.  In the summer of 2022, the game was downloaded one million times and had around a million players.

Axie Infinity revolves around breeding, raising, and battling cute creatures called Axies. Players can buy virtual real estate in the form of non-fungible tokens in-game. It is possible to complete transactions on a separate sidechain called Ronin. It has lower fees than the Ethereum main blockchain and is designed to be more efficient in order to provide users with a better experience. . It is also possible to use your in-game tokens to make purchases of real world products and services. Axie Infinity coin provides a platform where players can breed and raise their own Axies, as well as battle them against other players’ Axies without the need for an intermediary.

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How does Axie Infinity coin work?

Axie Infinity describes itself as a 'play to earn' game, where players can sell items (including the Axies they bred, in-game real estate and accessories like flowers or barrels) via the game's NFT marketplace while also collecting tokens. There are two cryptocurrencies used in the game:

- The main token, Axie Infinity Shards (AXS), can be bought and sold on exchanges like Coinbase. You need some AXS to play the game, but you can also trade them to other crypto-tokens such as Bitcoin or Dogecoin. AXS is an access token that participants can use to have a say in game-design decisions.

- There are two tokens you can get in the game; The Love Potion (LP) and the Small Love Potion (SLP). You can get LP by beating opponents or completing quests, but SLP is mostly obtained for just logging in. The more you play, the more SLP you can earn. While this asset is currently unavailable on Coinbase, it can be bought and sold on decentralized exchanges such as Uniswap or SushiSwap.

Sky Mavis, a Vietnamese developer created Axie Infinity in 2018. The game has experienced a lot of success since it was released. As of August 2021, the game had around 1 million daily players and had generated over $500 million in revenue for the company.

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Axie Infinity coin

How do you start playing Axie Infinity?

To use the app, you need an Ethereum-compatible wallet with ETH. You can buy some from a cryptocurrency exchange and send it to this wallet (e.g. Coinbase Wallet) which is separate from the main app - you can download it via Apple's App Store or Google Play Store).

- Users can buy three or more Axies from the game’s marketplace to start playing. Sky Mavis takes a 4.25% cut of all the Axies, virtual real-estate, and other items users sell each other. Rare Axies with desirable traits cost more.

- Players can buy new Axies in the game with two native cryptocurrencies, AXS and SLP.

- You can acquire SLP by completing quests and other players.

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What are some risks related to Axie Infinity?

Axie Infinity is a unique project in the crypto world of gaming. Price predictions are difficult to say, but it’s worth investing if you want to first-hand experience a game that could be both fun and cutting — edge.

Do you need to play Axie Infinity coin to buy AXS?

No, you can buy and sell AXS via exchanges like Binance or Coinbase (invitation bonus applied).

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