What Is Axie Infinity AXS

Axie Infinity is a Pokemon-inspired play-to-earn NFT game comprised of cute characters called Axies.

These Axies come in nine categories with their own advantages over others, similar to how Pokemon operates.

These characters can be used to earn rewards through different modes of gameplay, including battling, breeding, and raising Axies.

Unlike conventional virtual games where player rewards are mostly virtual, Axie Infinity awards Smooth Love Potion (SLP) tokens upon victories.

This ERC-20 token can be exchanged for other Ethereum tokens on decentralized exchanges or for fiat currency through centralized exchanges like Binance.

What are the AXS and SLP tokens?
As its cheesy name implies, Smooth Love Potion tokens are needed to breed Axies. The offspring can then be sold, battled, or bred again.

The value of an Axie is based on its physical characteristics, with statistics on its different features as dominant, recessive, or minor recessive genes.

This then impacts the chances of passing down certain attributes to the offspring.

Axies are also valued based on the number of times they have bred, with the valuation increasing along with their breed count.

The cost for an Axie that has never been bred is 150 SLP, then it can go upwards to 3,150 SLP before it becomes sterile after a breed count of seven. This breeding limit is to prevent hyperinflation and to keep the Axie population from growing too large.

The cost of breeding also increases gradually, going from 100 SLP on the first instance up to 2,100 SLP on the seventh breeding.

Axies can be sold on the peer-to-peer market, but these can be too expensive for some players. To address this, the Axie Infinity community crafted a scheme called the Scholarship where players can be loaned an Axie.

Owners of these Axies called ‘managers’ get a portion of the tokens earned by ‘scholars’ during battles.

Axie Infinity Shards (AXS) is the governance token in Axie Infinity. This ERC-20 token can also be used for breeding and for voting on proposals for updates within the ecosystem.

How does Axie Infinity work?
To play, one needs to purchase or loan a team of three Axies. The PvP (player versus player) arena has two modes of play: Arena and Adventure.

Arena mode allows the player to battle other players while Adventure mode lets players battle with NPCs or non-player characters.

In choosing to play in the Adventure mode, there is a limit of 100 SLP tokens that can be rewarded per day since there is a higher probability of winning against NPCs versus competing against real players.

Team Background
Axie Infinity is developed by Sky Mavis, which is a technology-focused game studio based in Vietnam.

The current CEO is Trung Thang Nguyen, who previously served as CTO of early Vietnamese e-commerce startup Lozi.vn. Trung also worked with Trusting Social and Anduin Transactions prior to founding Axie Infinity.

COO Aleksander Larsen serves on the board of directors in the Blockchain Game Alliance and has a vast network of gaming connections in the Asia Pacific region.

CTO Andy Ho interned at Google and Paypal before working as a software engineer at Anduin Transactions.

Token Metrics:
* Holder Addresses:275K on Ronin, 76K on Binance Smart Chain, 60K on Ethereum, 117 on Harmony, 155 on Solana,
* Circulating supply: 192M AXS
* Max Supply: 270M AXS
* Inflation Rate 32.57%

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