Axie Infinity axs

Axie Infinity is a Pokémon-inspired digital pet universe built on Ethereum. Anyone can earn token rewards through participating in gameplay and contributing to the ecosystem, known as play-to-earn (P2E). Players can raise, battle or trade virtual pets known as ‘Axies’, and remains one of the most popular blockchain-based games.

Axie is built by Vietnam-based startup Sky Mavis (the Team) and is envisioned as an all-in-one gaming experience inside a single app, where players can interact with the Axie Infinity universe, which can scale to millions of players. The mobile app is set to be released during 2021–22 and will include a free-to-play mode.

The Axie Infinity game has a variety of core gameplay mechanisms:

• Axies: Each Axie has unique strengths and weaknesses based on its unique genes. There are >500 body parts which are customisable, with billions of possible genetic combinations. Each Axie has 4 stats (Health, Morale, Skill, Speed) and are classified by class, rarity and abilities. Note: Axies can only be bought via the marketplace.
• Axie Arena: The virtual area where players participate in battles—which are divided into ‘seasons’—with rewards for climbing the leaderboard. 
• Battles: Axies can battle against each other to level up, gain experience points (XP) and evolve. They battle via the PvP arena and battle via card-based gameplay which depends on an Axie’s abilities or properties.
• Land: Land can be bought to build homes and bases for Axies and can be customised. Land is also used to farm resources or AXS. Land is available to buy, although gameplay features are ‘coming soon’.
• Breeding: Axies can be bred to create new Axies which can then be sold or held. Importantly, to avoid inflation of Axies, they can only be bred a maximum of 7 times.

NFT marketplace: A decentralised market for buying and selling Axies, items and land.

Axie Infinity has a Community Treasury (Treasury) which receives 100% of all fees and primary sales from the Axie universe will be deposited in the Treasury. Marketplace sales incur a 4.25% fee and breeding an Axie costs 2 AXS.

Axie Infinity’s native token is Axie Infinity Shards (AXS), which has a maximum supply of 270M. AXS was previously launched as ‘LUNA’ until a new token was issued in Jul. 2020. AXS has 4 key use cases in the Axie Infinity ecosystem:

• Payments: It’s the unit of account in the Axie Marketplace.
• Governance and fees: When the Treasury is live, holders will receive revenues generated by Axie Infinity and a portion of staking rewards. The Treasury will be governed by AXS stakers, who will decide how it’s spent. Since moving to Ronin, fees are charged in AXS instead of ETH.
• Staking: Players can lock up AXS to earn more AXS. Stakers are required to vote and play to claim rewards. Staking is not yet live.
• Rewards: Players earn AXS for playing games in the Axie Infinity universe.

Axie Infinity also has another token, Smooth Love Potion (SLP). Players can earn SLP as rewards through battle or adventure mode, and can use SLP to breed Axies. SLP is obtainable only through gameplay or by buying from other players.

AXS is distributed as follows: staking rewards (29%), Team (21%), play to earn (20%), public sale (11%), ecosystem fund (8%), advisors (7%) and private sale (4%).

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