What the heck is AXS?
Axie Infinity Shards (AXS) are the tokens that bind the non-fungible token (NFT) game Axie Infinity, and its robust community, together.
Ok, what the heck is an Axie Infinity?
Axie Infinity is arguably the largest and most played NFT game around. Similar to CryptoKitties with its large supply of unique and collectible characters, Axie Infinity uses the power of non-fungible tokens to give players ownership of their game assets (the adorable, round things that fight each other).
Players can use their incessantly cuddly Axies to Battle, Collect, and Earn! Throughout gameplay AXS tokens can be gained from the total supply of tokens available. If you’re looking to buy an Axie to play, you’ll need 3 to start. The lowest average cost for a single Axie is around $41 (0.01 WETH).
Did you know? Axie Infinity has over 2.8 million daily players, the lowest Axie costs around $41, but the most expensive ever sold went for $860,000!
Back to AXS, the token behind the game
There are some wonderful facets to the Axie Infinity Shards (AXS) token that make it a truly functional and valuable crypto. Axie Infinity has done a phenomenal job of elevating NFTs from “Can’t I just right-click save this .jpg” to usable, playable, uncopyable treasure tokens. AXS is the coin making your gameplay even more worthwhile.
Staking: This is what happens when you “lock up” your coins on specific blockchains. Not all blockchains have a staking feature, but many popular NFT games allow players to stake their game’s tokens to do cool things like: vote on updates, earn rewards, gain rank.
For Axie Infinity, you’ll stake your funds and then vote and play the game to claim rewards. This kind of requested interaction with Axie Infinity means people are coming back into the game more often and providing more value on each interaction.
Payments: AXS will soon become accepted in the Axie Infinity marketplace. Currently, wETH (Wrapped ETH) is used to purchase Axie NFTs, but the swap from AXS to wETH is lightning fast and beginner-level simple with the Ronin wallet - Axie’s own wallet service.
The Axie Infinity makers have also hinted that AXS holdings may be considered when “determining eligibility” for participation in special auctions. The more, the merrier!
Governance: Beginners beware, this may be a bit harder to understand, but we promise it’s awesome/expected in the crypto-world! Governance means that holders of AXS will be running the place after Axie sufficiently decentralises the chain.
Did you know? Only 270 million AXS tokens will ever exist. That’s a pretty low supply, meaning scarcity will eventually become a driving force.
Can I invest in AXS, if I’m not playing Axie Infinity?
It’s like buying an Apple's stock without owning an iPhone. You don’t have to be a gamer, an NFT collector (or both in this case) to see the value and look at the numbers. Over $3.6 billion (billion with a “B”) has been traded in the in-game Axie marketplace alone.
What’s stopping you? Open Change today and trade AXS in just a few clicks.