Summary

It’s already 2021, and raising virtual pets to make money is no longer a dream. In short, "Axie Infinity" is a blockchain game that combines "Pokémon" and "CryptoKitties".

More specifically, Axie Infinity is an NFT game and ecosystem built on the Ethereum blockchain. Its native cryptocurrencies are the ERC-20 tokens Axie Infinity Shards (AXS) and Smooth Love Potion (SLP). AXS is a governance token, while SLP is used to breed new Axies. AXS is a BEP-20 token that can be purchased through Binance Smart Chain (BSC).

Axie creatures are divided into different categories, consisting of various body parts, statistics and other attributes. You can start the game by forming an Axie team. Axie can be purchased or provided by other players. Tokens and NFTs can be stored in Ethereum wallets or Ronin wallets. Players can trade in almost real-time on the Ronin side chain, and can trade tokens and Axie without using the Ethereum blockchain, reducing transaction costs.

In the future, virtual land NFT will also be listed for sale. AXS and SLP can be purchased through Binance and transferred to Ronin wallets, and can also be sent from Ethereum wallets to Ronin wallets through Ronin Bridge.

Introduction

Following the pioneering work of "CryptoKitties", "Axie Infinity" was launched in 2018 and has developed to this day. It is also a collection game based on Ethereum. This game is the brainchild of Vietnamese startup Sky Mavis. It started as a whim project and later developed into a global Ethereum game.

Axie Infinity Sharding (AXS) is the token in the Axie Infinity ecosystem. AXS is an ERC-20 governance token that was launched in November 2020 and can be obtained by purchasing, trading or playing games. At the end of each season, top-ranked players receive AXS rewards.

Other Axie Infinity tokens include game assets (Axie characters) in the form of ERC-721 tokens, and an ERC-20 token called Smooth Love Potion (SLP). SLP has become an integral part of the coin-earning game, allowing players to earn a relatively stable income simply by playing Axie Infinity.

What is Axie Infinity?

The game characters in the Axie Infinity ecosystem are called "Axies", which are non-fungible tokens (NFTs) that can be owned and controlled. These NFTs can be stored in personal wallets, transferred to other Ethereum addresses, or traded with other players through blockchain-based markets. In addition to Axies, the virtual land and props in the game are also ERC-721 tokens.

Players can choose the adventure mode (ie PvE - player vs. environment) in the ecosystem, and fight monsters in the Kingdom of Lunacia in Axie Infinity by forming teams and arranging troops. You can also choose Arena mode (ie PvP – player versus player) to compete against other Axie owners from the real world. If you win the battle, you can win an asset called "Smooth Love Potion" (SLP) and get the nutrients Axie needs. SLP is also an ERC-20 token that can be traded through exchanges such as Binance.

Axie is relatively expensive and Ethereum gas prices are occasionally high, so there is a barrier to entry for new players. The Ronin Ethereum side chain effectively alleviates this problem.

What is Axie Infinity Sharding (AXS)?

The AXS token (Axie Infinity shard) is not only a governance token, holders can also stake and receive AXS rewards. These rewards come from the community treasury, which is filled with items purchased within the game. The total supply of AXS is 270 million. Some of the tokens are allocated to the public sale, and some are invested in the in-game coin-earning function. The remaining tokens belong to Sky Mavis and project consultants. The initial supply for the IPO is just under 60 million. The number of tokens issued is expected to increase year by year until 2026.

AXS Use Cases

The vision for Axie Infinity is to be a mature game that attracts players to build a strong community and eventually develop into a thriving ecosystem. Fans of Pokémon or Final Fantasy will also find fun and new experiences in Axie Infinity that will immerse them in the game.

In August 2021, the number of daily active players of "Axie Infinity" reached one million. Two months later, that number was approaching the two million mark. If the player base continues to grow, this game will definitely create greater value for the ecosystem. As mentioned above, the development of Ronin sidechain and free game version is to encourage more players to participate. Future free-to-play versions will also have this goal in mind.

While playing Axie Infinity, players can earn AXS and SLP tokens in a variety of ways. These tokens can then be exchanged for other cryptocurrencies. At present, some players have successfully made profits through the Axie Infinity game.

How to store AXS?

AXS is an ERC-20 token that can be stored in all ERC-20 compatible software wallets (such as Trust Wallet, Binance Chain Wallet, and Exodus), as well as hardware wallets such as Trezor One or Ledger Nano X. AXS can also be stored in the Ronin wallet built specifically for Axie Infinity.

What is Ronin wallet?

Ronin Wallet is a cryptocurrency wallet that runs on the Ronin Ethereum sidechain. Users can interact with Axie Infinity decentralized applications (DApps) using this browser plug-in. While Ethereum’s traffic and fees remain high, Robin Chain has significantly reduced the fees for playing Axie Infinity games and interacting with smart contracts. Ronin wallet is also compatible with other games in the Ronin blockchain.

What is a Robin Bridge?

Using the Robin Bridge, tokens can be transferred from the Ethereum blockchain to the Ronin sidechain. Ether is sent to the blockchain and becomes wrapped ether, which can be used to purchase Axie creatures, SLP, and other items. Tokens can also be transferred from the Ronin blockchain to Ethereum and sold through marketplaces such as Binance.

What is Smooth Love Potion (SLP)?

Smooth Love Potion (SLP) is an ERC-20 token for the Ethereum network. SLP tokens are the main source of income for players and can be sold or used to breed new Axies. There is no upper limit on the supply of tokens, which can be obtained by completing daily tasks and fighting other players. SLP tokens are destroyed immediately after being used for breeding, and there is a limited number of SLP tokens mined daily.

SLP use cases

SLP has three main applications that drive demand:

1. Users can breed new Axies with two existing Axies. The amount of Smooth Love Potion required will vary depending on how many times the two Axies have bred.

2. By completing tasks and winning battles, users can earn tokens as rewards when their Axie reaches new levels.

3. SLP holders can speculate on prices and trade on cryptocurrency trading platforms such as Binance.

It is these use cases that helped "Axie Infinity" create the game's currency earning model. Users are willing to spend money to purchase tokens, and farmers are also willing to earn tokens. The design of the SLP mining method is relatively simple, and entry-level Axie teams can start earning income.

How to use the Robin Bridge to start your Axie Infinity journey

If you are buying Axie for the first time, you need to deposit some ether in your Robin wallet. Robin is a sidechain, and you need to wrap ether into wrapped ether (WETH) through the Robin bridge. The whole process requires three main steps:

1. Purchase Ethereum through trading platforms such as Binance.

2. Bridge Ethereum and Ronin Bridge.

3. Access the Axie Marketplace using Wrapped Ether (WETH).

Before proceeding to the first step, please confirm that you have registered a Binance account and completed identity verification (KYC) and anti-money laundering (AML) certification.

How to buy Ethereum and transfer to Ronin wallet

1. Log in to your personal Binance account, hover over the [Trading] tab, and select [Standard] or [Pro] trading view.

2. Hover your mouse over the trading pairs displayed on the left side of the screen and enter "ETH" in the search bar. Select the appropriate Ethereum trading pair, here we take [ETH/BUSD] as an example.

3. Select the order type to buy Ethereum. The simplest method we have covered is to use market orders. Click [Buy ETH] to submit the order.

How to bridge Ethereum with Ronin Bridge

1. If you have not yet opened a cryptocurrency wallet, please create one first. To be precise, you need a wallet that can be associated with DApp. MetaMask or Binance Chain wallet are both good options.

2. Hover the mouse over the [Wallet] menu tab and select [Fiat Currency and Spot] to start bridging Ethereum.

3. Search for "ETH" and click [Withdraw].

4. Paste the address where you deposit Ethereum ERC-20. This is the storage address of an external cryptocurrency wallet.

5. Click the [Network] field and select [Ethereum (ERC20)].

6. Verify the transaction details, click [Withdraw] to send Ethereum.

7. Next, create a Ronin wallet. Please note that Ronin wallet is currently only used as a browser plug-in and does not support desktop clients. Beware of scams. Ronin is not yet open to mobile customers.

8. Visit the Ronin Bridge website and click the [Recharge] button. Associate MetaMask wallet with display popup.

9. Click [Next] to complete the wallet association.

10. Copy the Ronin wallet address into the [Ronin Address] field.

11. Click the [Asset] field and select the asset to be recharged. Here we take depositing Ethereum as an example.

12. Finally, click [Next] at the bottom of the page and confirm the details to bridge the token to the Ronin wallet.

13. Before playing the game, you need to create an Axie team. Log in to the Axie Market and select the Ronin wallet option. If you have not created an Axie account yet, you must perform the above operations. Users logging in for the first time will see instructions on how to create one.

How to buy Axie on the Axie Market

1. Select the Axie you want to buy in the market. Click on the Axie avatar to view related data and other information. You can search using the filter function on the left. For players who are not yet familiar with the game mechanics, we recommend doing some research before purchasing Axie for the first time.

2. On Axie’s independent page, click the [Buy Now] button to complete the purchase. Transactions need to be confirmed through the Robin wallet plug-in.

Remember, a complete team consists of three Axies. The Axie Infinity community provides strategies and guides for team building. Please do your own research before purchasing recharge.​

How to download Axie Infinity

Axie Infinity is available for Windows, macOS, Android, and iOS. The best way to download the game is to go to the Axie Infinity homepage and click the [Play] button in the upper right corner.

The client will automatically download to your desktop or laptop. Please note that if you choose the iOS version for iPhone, you need to enable TestFlight on your device. This is to install applications that are still in development. For Android devices, just download the .apk file from the splash screen.

Axie Overview

Axie is a small fantasy creature composed of a combination of different attributes and characteristics, including different categories, statistics, and body parts. As of October 2021, Axie is divided into 9 different categories.

What are the basic categories of Axie?

There are nine classes in Axie Infinity, with three special classes (in bold below) that do not have unique body parts or class cards.

Category determines Axie's combat effectiveness. There are checks and balances between various categories, and they reinforce and restrain each other. Cards are associated with specific categories, and can increase combat effectiveness by 10% when used against a weak opponent.

For example, an aquatic, bird, or dawn type axie will take double damage from an insect, beast, or mechanical type axie, but will take double damage from a plant, crawler, or dusk type axie. In other words, Group 1 categories are more powerful than Group 2, but weaker than Group 3. Group 2 is stronger than Group 3, but weaker than Group 1, while Axie in Group 3 is stronger than Group 1, but not as good as Group 2, ultimately forming a closed loop.

What are Axie skills/cards?

There are 132 cards in Axie Infinity, which can be associated with six of nine categories. Cards can be divided into different body parts, attack ranges and costs. Although any Axie class can use a card, the destructive power of that Axie can be increased if the card used is related to a specific class.

What is Axie Data?

All Axies have a set of data that determines their specific characteristics:

What are Axie body parts?

Each Axie is made up of six body parts: ears, eyes, horns, back, mouth and tail. The last four determine the specific cards that Axie can use in battle, each of which affects the statistics of Axie creatures.

How much does it cost to get started with Axie Infinity?

As of October 2021, the minimum cost of Axie is approximately $130 (in Wrapped Ether (WETH)). With a team of three Axies, the cost of entry is approximately $390. The best way to calculate the cost of getting started is to go to the Axie Marketplace and sort by price.

How to get Axie for free with a sponsorship program

There are two ways to get Axie for free. The first is to get sponsorship from other players who offer free teams. Sponsors distribute part of their earned Smooth Love Potion to recipients. Each user is only allowed to have one Axie account, so this has become a popular method to make full use of everyone's Axie.

Sponsorship programs are provided and managed by players, not the Axie Infinity team. Therefore, please beware of being scammed when participating in sponsorship programs. Open sponsorship programs can be tracked through CoinGecko. After forming your own team, you can compete in competitive or adventure mode. Please note that only the owner of Axie (sponsored manager) can claim the mined SLP tokens and determine the proportion of rewards the recipient receives. In most cases, sponsors and administrators share 50% of the proceeds.

Another option is to wait for the release of Battle Version 2.0. This update will unlock a new game mode and give users a free Axie to battle. However, these creatures cannot earn tokens to sell. To enjoy the coin-earning function of "Axie Infinity", players still need to buy a team or get sponsorship.

What factors affect the price of Axie?

Prices for the Axie range from around $130 to well over $100,000. Although Axie's value is mostly determined by in-game combat power and utility, there are also many speculative factors. Original Axie from early in the game are usually worth more. In addition, there are some mysterious Axie, which are more colorful and especially rare. Generally speaking, the rarer the attribute, the higher the utility in the game, and therefore the higher the price. With the large-scale popularity of "Axie Infinity", the market demand for Axie creatures is not only affected by players, but also by NFT collectors.

How to start SLP mining in Axie Infinity

Users can mine SLP through competitive matches (PvP) or adventure mode (PvE). Both battle modes consume energy. Once the energy is depleted, SLP mining can only be done by completing adventures.

Energy is determined by the number of Axies you have. You can check your energy in the main game menu at the top of the screen.

1. Earn 25 SLP by completing daily tasks. Tasks include daily check-in, passing 10 adventure mode levels, and winning 5 competitive battles.

2. You can earn up to 50 SLP every day in Adventure Mode (PvE). The specific number is determined by the level. Passing a level for the first time will earn you SLP. However, you may not receive SLP rewards after passing a certain level. Defeat the "boss" to receive SLP rewards.

3. Competitive (PvP) battles, battle against other players based on your own ranking. Ranking determines the amount of SLP gained after each battle is won. Every battle consumes energy. Therefore, how much energy is used to complete how many battles will determine the amount of SLP earned each day.

Please note that even if the energy is exhausted, players can still continue to play, but competitive (PvP) battles will no longer provide SLP rewards, and adventure mode (PvE) battles will no longer increase experience points. However, this does not affect the player's ranking or the completion of daily tasks.

How to claim SLP rewards from Axie Infinity

Earned SLP can be claimed manually. SLP can only be claimed once every 14 days.

1. Visit the Axie Infinity homepage, associate your Ronin wallet, and select [Receive Tokens] from the menu. Then click [Receive SLP] to transfer the tokens to Ronin wallet.

2. Go to your personal account and make sure the Ronin wallet is connected. Click [Receive Tokens] and [Receive SLP] in the menu in sequence.

3. If you want to sell tokens, you can transfer SLP to the Ethereum wallet on the same interface. Or choose to transfer directly to the Binance Ronin wallet without paying Ethereum gas fees.

What is Axie Land?

Axie virtual land is a plot of land in the kingdom of Lunacia where Axie creatures live. The plots in the kingdom are divided into 301x301 grids and sold in batches. 25% of them will be sold in the first batch, and the price will increase by 10% for subsequent sales.

The pink square plot serves as a location for Lunacia Kingdom events, access to dungeons, chimera spawning locations, and public resource nodes. The map also includes an area called “Luna’s Landing” for content creators and travel routes. Players can purchase chests containing land types, and multiple chests purchased at the same time contain adjacent parcels of land.

How to buy AXS and transfer to Ronin wallet

AXS can be used for governance, staking, or breeding. If you are already a breeder or want to start breeding Axies, you can send Axies from Binance to your Ronin wallet directly without going through the Robin bridge. This skips the step of transferring to an external wallet and saves Ethereum gas fees. Like Ethereum, AXS can be purchased through Binance.

1. Log in to your Binance account, hover over [Trade], and select [Standard] or [Pro] view.

2. Next, hover your mouse over the trading pair displayed and enter "AXS" in the drop-down menu. Select a trading pair. Here we take [AXS/BUSD] as an example.

3. Select the order type and quantity you want to buy. Here we take a simple market order as an example. After confirming the transaction details, click [Buy AXS].

4. To withdraw funds to the Ronin wallet, hover your mouse over the [Wallet] button and select [Fiat and Spot].

5. Search for "AXS" and click [Withdraw].

6.Select the [Network] field.

7. Select "Ronin Network" from the options.

8. Please be sure to read and understand the warnings displayed. Before proceeding, replace the prefix "ronin:" with "0x".

9. In the last step, enter the sending amount and click [Withdraw].

10. After the withdrawal is completed, AXS or wrapped ether (WETH) can be viewed in the Robin wallet. The tokens can then be used to breed or purchase Axie on the corresponding market platform.

Summarize

The continued entertainment and popularity of "Axie Infinity" will determine the future development of AXS and SLP tokens. This game has fun gameplay and exciting content, but as a coin-earning game, it still has huge room for development. Needless to say, the game has proven itself over the past two years. The team is constantly updating and developing new features, and this game is sure to attract more and more players. Time will tell whether "Axie Infinity" can successfully expand its user base. But for now, it is undoubtedly a rare NFT fun game in the blockchain field.