Summary
It's 2021, and that means you can now earn money by playing games and breeding virtual pets. The easiest way to envision Axie Infinity is to imagine a blockchain game that combines Pokémon and CryptoKitties with card game elements.
More specifically, Axie Infinity is a non-tradeable token game and ecosystem based on the Ethereum blockchain. Its native tokens are the ERC-20 tokens Axie Infinity Shard (AXS) and Smooth Love Potion (SLP). AXS is a governance token, while SLP is used to spawn new Axies. AXS is also available as BEP-20 tokens on Binance Smart Chain (BSC).
Each Axie belongs to a different class, and consists of different body parts, statistics, and other attributes. To play, you will need a team of Axies that can be purchased or given to you by another player. You can store your tokens and non-fungible tokens in your Ethereum wallet or Ronin wallet. The Ronin sidechain allows for near-instantaneous transactions, allowing players to trade tokens and Axies without using the Ethereum blockchain, reducing transaction costs.
In the future, you will also be able to purchase non-tradable tokens for lands. AXS and SLP tokens are available for purchase on Binance and can be transferred to your Ronin wallet. You can also use the Ronin Bridge to send tokens from your Ethereum wallet to your Ronin wallet.
the introduction
Axie Infinity, which follows the concept pioneered by CryptoKitties, is an Ethereum-based collectible item game that has seen significant growth since 2018. The idea for the game goes back to Vietnam-based startup Sky Mavis, where it was initially a passion project before it turned To a popular game on the Ethereum network.
Axie Infinity Shard (AXS) is the token of the Axie Infinity ecosystem. It is an ERC-20 governance token that was introduced in November 2020. AXS tokens can be purchased, traded or earned by playing this game. Rewards of AXS tokens are awarded to the highest ranked players after each season.
Other Axie Infinity tokens include game assets (your Axie objects), which are ERC-721 tokens, and Smooth Love Potion (SLP) tokens, which are ERC-20 tokens. The SLP has been known to be part of the gaming-for-profit movement; It allows players to earn a fairly steady income simply by playing Axie Infinity.
What is Axie Infinity?
In the Axie Infinity system, game characters are called Axies. They are non-fungible tokens (NFT) that you can own and control. You can also store them in your cryptocurrency wallet, transfer them to other Ethereum addresses, or trade them with other players on a blockchain market. Besides Axies, the game also includes lands and other virtual items that are also premium ERC-721 tokens.
Within the ecosystem, players can use Axie squads in Adventure Mode (PvE) to fight monsters in Lunacia - the realm of Axie Infinity. They can also choose Arena mode (PvP – player versus player) to battle other real-life Axie trainers. If you win, you'll get an asset called Smooth Love Potion (SLP), which is used to spawn Axies. SLP is also an ERC-20 token that can be traded on exchanges, such as Binance.
New players may have difficulty getting into the game due to Axie's relatively high prices and the sometimes high transfer fee rates on the Ethereum network. But the Ronin sidechain on Ethereum helps reduce the impact of this issue.
What is Axie Infinity Shard (AXS)?
AXS Token (Axie Infinity Shard) is not only a governance token, but also allows its holders to store and receive AXS rewards. These rewards come from the community treasury which is filled through in-game purchases and market fees. The total inventory of AXS will be 270,000,000 tokens. Some tokens have been allocated to the public offering, some to gaming features for earning purposes, and others to Sky Mavis and project advisors. The initial stock at the IPO was less than 60,000,000 tokens. The number of tokens issued is expected to increase annually until 2026.
AXS use cases
Axie Infinity aspires to be a comprehensive game that attracts players' interest, has a strong community and a thriving ecosystem. For fans of Pokémon or Final Fantasy, Axie Infinity offers a fun gaming experience that will keep you immersed.
In August 2021, Axie Infinity reached 1 million daily active players. Two months later, the number approached two million players. If the game can gain a larger player base, it will definitely add more value to the ecosystem. As mentioned previously, the Ronin side-series has actually been used to encourage the game's further growth. A future free version should achieve the same thing.
By playing Axie Infinity, players can earn both AXS and SLP tokens. They can then exchange these tokens for other cryptocurrencies. There are already many players who are making money playing Axie Infinity.
How to store AXS
Since AXS is an ERC-20 token, it can be stored in any software wallet compatible with ERC-20 tokens, such as the Trust wallet, Binance Chain wallet, or Exodus, as well as hardware wallets like the Trezor One or Ledger Nano Your very own Ronin, a custom wallet designed for Axie Infinity.
What is Ronin Wallet?
Ronin Wallet is a cryptocurrency wallet that runs on the Ronin sidechain on the Ethereum network. It is an extension for browsers that allows you to interact with the decentralized application (DApp) of Axie Infinity. Since the Ethereum network can have high traffic density and high fees, the Ronin Chain makes it much cheaper to play Axie Infinity and interact with its smart contracts. Ronin Wallet is also compatible with other games that use the Ronin blockchain.
What is Ronin Bridge?
The Ronin Bridge allows you to transfer tokens from the Ethereum blockchain to the Ronin sidechain. ETH sent to the blockchain becomes ETH-pegged, and can be used to purchase Axie objects, SLP tokens, and other items. You can also convert tokens from the Ronin blockchain into Ethereum to sell on marketplaces like Binance.
What is Smooth Love Potion (SLP)?
Smooth Love Potion (SLP) is an ERC-20 token on the Ethereum network. SLP tokens are the main source of income for players. They can be sold or used to breed new Axies. The token features an unlimited inventory, and can be obtained by completing daily quests and competing against other players. SLP tokens are burned once they are used for breeding, and you can collect a limited amount of them per day.
SLP use cases
There are three main applications for SLP token that are driving demand:
1. The code gives users the ability to breed new Axies from two existing Axies. This requires a certain amount of Smooth Love Potion tokens depending on the number of creatures spawned from the two Axies.
2. Users can receive the token as a reward when they reach new levels with their Axies, complete quests, and win battles.
3. SLP token holders can speculate on the price and trade it on cryptocurrency trading platforms such as Binance.
These use cases are exactly what helped create the gaming-for-earning model that we see in Axie Infinity. Users are willing to pay for the token, and investors are willing to earn it. Thanks to the innovation of relatively simple ways to collect an SLP, anyone with an entry-level Axie team can start earning an income.
How to get started with Axie Infinity using the Ronin Bridge
If you want to purchase your first team of Axies, you will need to have some ETH in your Ronin Wallet. Since Ronin is a sidechain, you will also need to stake your ETH (WETH) tokens via the Ronin Bridge. This process requires three main steps:
1. Buy ETH coins from an exchange such as Binance.
2. Link your ETH coins via Ronin Bridge.
3. Access the Axie Market using your WETH coins.
For the first step, make sure you have already registered a Binance account and completed the identity verification and anti-money laundering procedures.
How to buy ETH and transfer it to Ronin wallet
1. Log in to your Binance account, hover over the [Trading] tab, then choose the [Classic] or [Advanced] trading view.
2. Move your cursor over the trading pair displayed at the top left of the screen, then type ETH in the search bar. Choose a suitable ETH pair. In this example we will choose [ETH/BUSD].
3. Buy your ETH coins using your desired order type. We have chosen the simplest method, which is to use market order. Next, click [Buy ETH] to place your order.
How to link ETH via Ronin Bridge
1. First, you will need to create a cryptocurrency wallet if you don't have one already. Specifically, you will need a wallet that can be linked to decentralized applications. Good options are MetaMask wallet or Binance Chain wallet.
2. To start linking your ETH coins, hover over the [Wallet] menu tab and select [Approved Local Coin Wallet and Spot Wallet].
3. Find ETH, then click [Withdraw].
4. Copy the ERC-20 address on the Ethereum network to which you would like to transfer the deposit. This address will become the deposit address of your external cryptocurrency wallet.
5. Click the [Network] field, then choose [Ethereum (ERC20)].
6. Check the transaction details, then click [Withdraw] to send ETH.
7. Next, create a Ronin wallet. Please note that the wallet is only available as a web browser extension, not as a desktop client. Beware of scams. Ronin Wallet is not available for mobile users yet.
8. Go to the Ronin Bridge website, then click the [Deposit] button. Link your MetaMask wallet via the pop-up window that appears on the screen.
9. Click [Next], then complete linking your wallet.
10. Copy and paste your Ronin wallet address into the [Ronin Address] field.
11. Select the asset you wish to deposit by clicking on the [Asset] field. In this example, we will deposit ETH.
12. Finally, click [Next] at the bottom of the page to confirm your details and link the tokens to your Ronin wallet.
13. Before you start playing, you have to create your team of Axie creatures. Log in to the Axie Marketplace, and select the Ronin Wallet option. This is in case you have not created an Axie account before. If you're logging in for the first time, there are instructions on how to open an account.
How to buy an Axie object from the Axie Market
1. In the Market, select the Axie object you wish to purchase. Click on their avatar to see stats and other information about them. You can also use the filters on the left to help you search. If you're not familiar with the game mechanics, we recommend you do some research before purchasing Axie creatures for the first time.
2. On the Axie Object page, click the [Buy Now] button to complete your purchase. You will need to confirm the transaction using your Ronin wallet extension.
Don't forget that a full team requires three Axie creatures. There are squad building strategies and guides available in the Axie Infinity community, so be sure to do some research before spending your money.
How to download Axie Infinity
Axie Infinity is available for Windows, macOS, Android, and iOS. The best way to install the game is to go to the Axie Infinity homepage and click the [Play Now] button in the upper right corner.
This will automatically download a client for your desktop or laptop computer. Note that if you choose the iOS version for iPhone, you will need to enable TestFlight on your device. This will allow you to install applications that are still under development. For Android, you will need to install the .apk file downloaded from the start screen.
Axie Overview
Each Axie is a small fantasy creature made up of a set of different traits and characteristics. These attributes and characteristics are classes, statistics, and body parts. As of October 2021, there are 9 different classes of Axie objects.
What are the basic Axie classes?
There are nine classes in Axie Infinity, including three special classes (shown below in bold) that have no class cards or unique body parts.
Axie's creature class is an important part of how he fights. Each class has weaknesses when fighting another class, but is strong against other classes as well. Cards are also tied to specific classes, giving players a 10% attack bonus when using cards against weak types.
For example, a Water, Flying, or Dawn Axie deals additional damage to an Insect, Beast, or Machine Axie, but takes additional damage from the Plant, Crawling, and Dusk Axie classes. In other words, Group 1 classes are strong against Group 2, but weak against Group 3. Group 2 Axies are strong against Group 3, but weak against Group 1. Finally, Group 3 Axies are strong against Group 1, but weak against Group 1 2.
What are Axie cards/abilities?
There are 132 cards in Axie Infinity associated with six of the nine available classes. You can also break down cards into their relevant body parts, range, and cost. While any Axie class can use cards, the card carries additional damage if used with its specific class.
What are Axie's statistics?
Axie objects have a set of statistics that define certain properties:
What are Axie's body parts?
Each Axie has a set of six body parts: ears, eyes, horn, back, mouth, and tail. The last four parts define the specific cards that an Axie can use in battle, and each of them also affects its stats.
How much does it cost to start playing Axie Infinity?
As of October 2021, the cheapest Axie objects cost around US$130 (in WETH). Your Axie team will include three creatures, which means you can start with around $390. The best way to find out how much it costs to get started is to go to the Axie marketplace and sort by price.
How to get free Axie objects through grants
There are two ways to get free Axie creatures. First, you can get giveaways from other players who offer free teams. After that, each grant recipient player gives a share of the Smooth Love Potion he or she received to the person to whom he gave the grant. This is a popular method because users can only have one Axie account. Therefore, it makes sense for players to expose their Axie objects for other players to use.
Giveaways are awarded and administered by other players, not the Axie Infinity Team. So you should be careful when trying to get any scholarship. One place to track grants is CoinGecko. Once you have your team, you can use it to fight in Arena or Adventure mode. Note that only the owner of the Axies (grant manager) can claim the SLP tokens you collect, and it is up to them to send your share of the transaction. In most cases, grant recipients and directors share 50% of the profits.
The alternative method is to wait for Battles 2.0 to be released. This update will provide new game modes that will give users a free Axie to use in battles. But these objects cannot earn tokens for selling them. So if you want to use Axie Infinity as a earning game, you'll still have to buy the team yourself or get a grant.
What affects Axie prices?
Axie objects can range in price from about $130 to over $100,000. Although its value depends primarily on its power and usefulness within the game, it also involves a great deal of speculation. The original Axie creatures, dating back to the early days of the game, are usually more valuable. There are also more colorful and extremely rare legendary Axie creatures. The rarer themes usually provide the most in-game interest, and have higher prices. With the huge popularity of Axie Infinity, the market for virtual objects is now influenced not only by players, but also by NFT collectors.
How to start collecting SLP tokens in Axie Infinity
Users can collect SLP Tokens from either Arena (PvP) or Adventure (PvE) battles. Fighting in both of these activities will cost you energy. Once you run out of energy, you will only be able to collect SLP Tokens when you complete adventures.
The amount of energy you have depends on how many Axie creatures you have. You can see how much energy you have from the game's main menu at the top of the screen.
1. By completing daily tasks, you will earn 25 SLP. These tasks include logging in, completing 10 levels in Adventure Mode, and winning five fights in Arena Mode.
2. Adventure (PvE) mode allows you to earn up to 50 SLP per day. The exact amount changes depending on the level you are playing at. The first time you play a level, you will be given SLP tokens. However, playing in the future at a certain level does not guarantee a reward from SLP tokens. You can get SLP rewards from defeating bosses as well.
3. Battles in Arena (PvP) mode pit you against other players based on your ranking. Your ranking also changes the amount of SLP you earn each time you win. Each fight will cost you energy, so the amount of SLP you earn per day will depend on how many fights you play using energy.
Note that you can still play the game even if you run out of energy. However, PvP fights will not give you SLP bonuses, nor will you gain any experience from PvE fights. But you can still rank up or do daily quests.
How to claim your SLP codes from Axie Infinity
Once you have SLP codes, you will have to claim them manually. You can only claim it once every 14 days.
1. From the Axie Infinity homepage, link your Ronin wallet, and select [Claim Tokens] from the menu. Next, click [Claim SLP Tokens] to transfer the tokens to your Ronin wallet.
2. Go to your account and make sure your Ronin Wallet is linked. Click [Claim Tokens] in the menu, then [Claim SLP Tokens].
3. At this point, your SLP tokens can be transferred to an Ethereum wallet if you wish to sell them. You can also send it directly to your Binance/Ronin wallet to avoid paying transfer fees on the Ethereum network.
What are Axie lands?
Axie lands are plots of land in Lunacia, the world where Axie creatures live. This world consists of a 301x301 grid that will be sold in many sales. 25% of these are available for the first sale, and all prices will increase by 10% in future sales.
Pink squares will host world events, dungeons, spawn locations, and public resource nodes. The map also contains an area known as Luna’s Landing for content creators and travel routes. Chests containing land types are purchasable, and multiple chests purchased together will contain land in adjacent spaces.
How to buy AXS tokens and transfer them to Ronin wallet
AXS tokens can be used for governance, storage or staking. If you are generating Axie objects or want to start doing so, you can send AXS tokens directly from Binance to your Ronin wallet without using the Ronin Bridge. This will save transfer fees on the Ethereum network; You can skip the step of transferring to an external wallet. AXS can be purchased on Binance, just like ETH.
1. First, log in to your Binance account, hover over [Trade], then choose either the [Classic] or [Advanced] view.
2. Next, hover your mouse over the displayed trading pair, and type AXS in the drop-down list. Select one of the pairs. In this example we will use the trading pair [AXS/BUSD].
3. Choose the order type you want and enter the quantity you want to purchase. We chose a simple market order. Click [Buy AXS] when you are sure of your order details.
4. To start withdrawing to your Ronin Wallet, you will need to hover over the [Wallet] button and select [Approved Local Currency Wallet and Instant Wallet].
5. Search for AXS, then click [Withdraw].
6. Select the [Network] field.
7. Select Ronin Network from the options.
8. Make sure you read and understand the warning displayed. You will need to replace the ronin: prefix with the 0x prefix before continuing.
9. Finally, enter the quantity you want to send and click [Withdraw].
10. When the withdrawal is complete, you should see AXS or WETH in your Ronin wallet. You can then use tokens to breed or purchase Axie creatures in their respective markets.
Concluding thoughts
The future of the AXS and SLP tokens depends on the continued playability and popularity of Axie Infinity. The game's gameplay is fun and detailed, and it still has a lot of room to grow thanks to its reputation as a game for earning. There is no doubt that it has proven itself over the past years, and its development team is constantly working on updates and new features to attract more players to register with it. We will only know with time whether Axie Infinity will continue to successfully expand its user base, but it is definitely one of the interesting NFT games in the blockchain gaming space.
