Axie Infinity is a worldwide known blockchain game that was developed based on some well-doing Pokemon game series. It open-ended game which allows players to own different digital pets called Axie. These digital pets can be traded, they can be battled for as well in the expanding Axie ecosystem.
As of August this year, Axie Infinity is ranking number one on Ethereum’s gaming DApp.By user account thus over 100,000 weekly users, it is one of the rankings most popular gaming DApps.
Its platform is designed to give users the revealing capabilities of blockchain technology in a fun, accessible, and more educational way. Fortunately, Axie has already achieved its aim and vision by being one of the successful NFT-based games a lot of players worldwide loves.
Table of Contents
Who Founded Axie Infinity
It was developed in 2018 by Sky Mavis and co-founded by Aleksander Larsen and Trung Nguyen. Mavis is a technology-focused game developer based in Vietnam.
However, Trung is the current CEO of the platform. He graduated with a BSc in computer software engineering and was working as a software engineer at Anduin Transactions before the creation of Axie.
Aleksander on the other hand is a known competitive gamer. He is the COO of the platform. He has been working in blockchain gaming since 2017. His previous work was at the Norwegian Government Security Organization where he worked as the executive security officer. He is the secretary of the Board of Directors at the Blockchain Game Alliance.
In all, the Axie Infinity family/team is made up of a total of 25 full-time employers who have working experience in game development.
How Axie Infinity Works
As stated earlier, Axie allows its users/ gamers to battle their Axies/ digital pet in real-time. Every digital pet is unique and is depicted by an ERC-721 non-fungible token (NFT).
Every digital pet has four different features. These features include; Speed, Morale, Health, and Skill. Each of these features is what is used to battle out in the Axie ecosystem.
A digital pet is made up of six body parts thus the ear, the mouth, the back, the tail, and the horns. Each of these parts has its special ability, hence influencing the Axie’s capabilities in battle.
Beyond being used to earn SLP by participating in quests, PVP Arena, and Adventure Mode, Axies can also be bred to create potentially rare and powerful combinations.
Each Axie can only be bred a maximum of 7 times to limit the Axie population. This costs 4 AXS plus a variable number of SLPs — the first breeding cycle costs 150 SLP, whereas this increases to 3,150 on the seventh (and last).
Each body part of an Axie has three genes associated with it: one dominant (D), one recessive (R1), and one minor recessive (R2) gene.
Dominant genes have a 37.5% chance of being passed down to any offspring, whereas this drops to 9.375% for recessive genes, and 3.125% for minor recessive genes.
Where Can You Buy Axie Infinity (AXS)
Axie become available to be bought/traded on many exchange platforms as of October this year. Some of these platforms include Binance, Coinbase, FTX, Huobi Global, Bithumb, KuCoin, Hotbit, Mexc, Kraken and many more.
In case you are thinking of buying Axie, these are the steps you will need to follow;
- Choose an Axie Infinity exchange – we recommend Kucoin
- Create an account
- Deposit funds into your account
- Search ‘AXS’ in the top menu
- Click ‘Open Trade’ and select an amount of AXS to buy
What Are AXS and SLP?
In the Axie ecosystem, there are two main tokens used for trading thus the AXS and the SLP. AXS thus Axie Infinity Shards and Smooth Love Potions (formerly Small Love Potion) (SLP) are the platform’s native token.
AXS users are part of Axie’s ecosystem and aid in the development of the platform. Thus by deciding how the funds of the ecosystem are allocated and also how treasury funds should be spent.
SLP however, is collected by playing games in the ecosystem and can be used to originate new Axies.
Both AXS and SLP are ERC-20 tokens that are worth trading on the Ethereum blockchain.
Conclusion
The gaming community is huge, even without material benefits, thousands of people across the globe participate daily in online gaming.
Axie is making the rewards from gaming tangible for any player in the world to benefit from the activities they perform on the platform.
We believe this would attract a new wave of gamers to participate and thus grow the Axie infinity ecosystem, gamers are also known to be very loyal and outspoken about the games they play thus bringing much attention to the game.
Considering all the above, AXS is considered as one of the most promising cryptocurrencies in the world, purchase of AXS today might pay off heavily in the future,
We would email you of new and promising cryptocurrency projects, legit investments etc. once a week
