What is Axie Infinity(AXS)?
Axie Infinity is a blockchain game
When it comes to blockchain games, the first thing that most people in the industry think of is Axie Infinity. As the originator of GameFi, the money-making effect brought by Axie Infinity makes games truly out of the blockchain industry. According to Axie’s official website, the original intention of this game is to introduce and introduce the concept of blockchain to the world through a fun, narrative and charming game.
The game is played through pet upgrades, battles, competitions, etc. Although the characteristics of the game itself as a carrier are not much different from the video games that everyone knows, its unique economic model and blockchain structure make its "core" very different.
In short, while the user experience of playing games is not weakened, users can own game pets/characters in the form of NFT and make money relying on the technology on Ethereum.
AxieInfinity adopts a dual-currency model, using AXS coins and SLP coins.
What is AXS Coin? what's the effect?
Among them, the main function of AXS currency as a native token is traditional blockchain features such as staking and voting. Although the price of AXS coins has plummeted, with 270,000,000 coins in full circulation, the current market value is still ranked among the top 50 in the world. Users can obtain rewards by staking AXS.
What is SLP coin? what's the effect?
SLP coins are tokens used to generate new pets (also called breeding pets) in the game. The full name is Smooth Love Potion.
How to obtain SLP coins?
Players can obtain SLP by completing daily tasks, PK and adventure modes, but there will be an upper limit. Since it is an asset similar to mining coins, the maximum supply of SLP is unlimited, which also causes the token to continue to inflate, causing the price to continue to fall.
The difference between AXS coin and SLP coin
Purpose: AXS coins are mainly used for governance and staking, while SLP coins are mainly used for in-game consumption.
Source of value: The value of AXS coins comes from the development of the entire Axie Infinity ecosystem, while the value of SLP coins comes from in-game demand and supply.
Where does AXS coin come from?
AXS Coin is the native cryptocurrency of Axie Infinity Cosmos and is used for governance and staking.
Players can stake their AXS coins to earn newly generated AXS.
AXS currency plays an important role in the game, allowing players to participate in game governance and obtain corresponding benefits.
How much is the initial investment in the Axie game?
To enter the Axie game, you need to buy 3 Axies. The average price is 0.15 ETH. Buying 3 is 0.45 ETH. According to today’s Ethereum price, it is already 2,700 US dollars. Plus the gas fee on the Ethereum chain, the game is almost the same in the early stage. It requires an investment of US$1,300, which is equivalent to more than 8,300 RMB.
How much can Axie games produce per day?
Players with junior accounts need to invest about 4-5 hours a day in the game in the first week, and can get about 150 SLP a day; after getting familiar with the game and upgrading their accounts, they can get rewards by investing about 1.5-2.5 hours a day.
The current price of SLP is US$0.2, and the profit per day is about US$30. It takes more than 40 days to recover the capital, and then the profit from the game.
The Axie hatched later can also be sold on the market, and if it is a rare species, it can be sold at a higher price.
Axie gameplay and tutorial
Axie Infinity game includes many aspects such as battle, breeding, land and market. Here is a brief introduction to each aspect:
Battle: The pet in the game (i.e. Axie) needs to improve its level and abilities through battle. Players can form a combat team based on their own strategies and challenge other players.
Breeding: Players can breed their Axie to hatch new pets. Different Axie combinations may produce offspring with different characteristics and abilities.
Land: The land is Axie's home. Players can build buildings, grow crops, etc. on the land. Through the resources in the game, the land can be continuously upgraded to increase profits.
Market: The market is a decentralized Axie trading platform where players can buy and sell Axie, land and other game assets. The market allows free transactions between players and is also one of the ways to earn game revenue.
What exactly is AXS coin, what are its functions and uses?
Axie Infinity (AXS Coin) is a digital pet world inspired by Pokémon built on the Ethereum blockchain. Anyone can receive token rewards by participating in the game and contributing to the game world. The project vision is to integrate work and entertainment. Axie Infinity has become a digital pet community that integrates collection, training, breeding, combat, and social gameplay. Each Axie has unique genetic data stored on the Ethereum chain and has unique value.
1. Project implementation mechanism:
Axie Infinity is a massive interactive network that allows players to interact with the entire Axie Infinity universe using the app.
2. Usage scenario management:
AXS token holders will be allowed to stake their tokens to participate in platform governance voting. Token Staking: Users will be able to stake AXS tokens to receive weekly rewards. Payment: Players can use AXS tokens to make various in-game payments.
3. Token incentive mechanism:
Players are rewarded by earning Tokens for playing games, and Tokens are earned through gameplay by winning matches in PvP and Adventure modes. Developers are rewarded by earning tokens, and stakers are rewarded by earning tokens. The rich growth potential of the characters has attracted a large number of players who are keen on training and adventure.
4. Token functions:
Governance: AXS token holders will be allowed to stake their tokens to participate in platform governance voting.
Token Staking: Users will be able to stake AXS tokens to receive weekly rewards.
Payment: Players can use AXS tokens to make various in-game payments.
How to earn AXS coins?
The Axie Infinity game is famous for its "Play to Earn (P2E)" model, which has brought a lot of benefits to people with lower incomes, especially during the COVID-19 epidemic.
Currently, the main players are from Southeast Asian countries, and they can earn AXS coins in the following ways:
Join the battle
Win the competition
Caring for and developing in-game land
Trade the market with Axie Infinity
breed pets
AXS Price Prediction
Through fundamental analysis:
Playing with the new rather than playing with the old is one of the biggest speculative tenets in the currency circle. Games such as running shoes (STEPN) that emerged after AXS not only dispersed game players, but also caused a sharp decline in fund concentration. Moreover, once the positive cycle based on Ponzi collapses, unless there is the participation of strong bookmakers, it will be difficult for the currency price to make a comeback again. AXS itself has a high level of user participation, so the project side cannot and does not have the ability to use market control to help the currency price rise.
Through technical analysis:
AXS has been in a downward trend since the middle of last year. Even if there is some good news that can temporarily push the currency price to rebound or rise, what will happen is greater selling pressure and decline. In terms of price structure, it is now difficult to find a suitable and cost-effective investment point.
The year's high of around $14 in 2023 is expected to be the main suppression point for AXS's long-term rebound. Unless there is dual stimulation from the general environment and the project itself, it will be difficult to achieve an effective breakthrough. For closer suppression, you can pay attention to the price range of 6.5-7.0, which is the long-short competition point of the previous consolidation platform. On the downside, it is difficult to find support points due to the lack of technical support that can be relied upon. Only after the current value depression or reversal point is confirmed can trading on the right be carried out.
For AXS, the predictions of currency circle institutions are as follows: Anhui predicts that AXS will have a chance to rise to around US$5.3 by 2026, Gate predicts that the currency price will rise to US$8.4 by 2030, and coindataflow’s prediction is the most optimistic, believing that the long-term currency price will have Chance to reach $20-30.
The development and future prospects of AXS coin
Axie game has been online for 3 years. At present, the main functions of the game are battles, reproduction, and land and market transactions. In the later stage, there will be staking and other gameplay. As long as new users continue to enter the game and the income is stable, the game is likely to continue. Development, but no one can say how long it will take.
Gaming is a focal point for new cryptocurrency users in general and drives innovation in cryptocurrency user experience and scalability, providing tremendous value to the entire industry. Axie Infinity shows how this interaction is playing out across cryptocurrencies – with innovations from decentralized finance (DeFi) making their way into the latest token designs, from yieldable NFTs to governance tokens.
In the future, we expect this convergence between gaming and finance within cryptocurrencies to accelerate. Finance will become more and more gamified, and games will become more and more financial. Especially in the context of an open metaspace, the combination of gaming and making money will interest more and more people. Most importantly, these developments may fundamentally change the cultural perception of gaming in the future: from a time-sink of nerds to an accepted and valued way to make a living.
It is not difficult to see that AXS is a game. Players can earn coins by playing games to cash out. This is also one of the projects that young people love, so when the general environment picks up, AXS is bound to explode!
Everyone, please use your little hands to make a fortune and pay attention~
Thank you all for your support, see you next time!
