What is Axie Infinity (AXS)? AXS . project and cryptocurrency overview

• Overview of the Axie Infinity . project
• Things to know about AXS token
• Conclude

Overview of the Axie Infinity . project

What is Axie Infinity?

Axie Infinity is a virtual pet world inspired by Pokémon. Here, players will compete with each other, collect, care, breed and even build a kingdom for their pets. Each task when successfully performed, the player will receive a reward in the form of a token, which is AXS.

Axie Infinity project development team

An extremely surprising news for those who do not know, the Axie Infinity project is developed by Sky Mavis - a Vietnamese technology studio with about 25 employees based in Ho Chi Minh City. The key names to mention are:

Nguyen Thanh Trung – CEO : Former Software Engineer at Anduin Transactions, Co-Founder and former CTO at Lozi.

Aleksander Leonard Larsen – COO : Secretary of the Board of Directors at Blockchain Game Alliance, Streamer partner at Twitch.

Ho Viet Anh – CTO : Former Full Stack engineer at Anduin Transactions, software engineer trainee at Google.

Doan Tu: Art Director and Game Designer, Former Head of Design at Lozi.

Jeffrey Zirlin – Growth Lead : Fund manager at MetaCartel Ventures, BA in History from Yale University.

Axie Infinity project development team.

The development process of the Axie Infinity . project

In December 2017, the development team began to form the first ideas about the Axie Infinity project.

In February 2018, Axie Infinity launched Origin Axie Presale and raised 900 ETH.

In March 2018, the project was released in the Axie internal market – NFT.

In May 2018, the game launched the Breeding feature.

In October 2018, the project launched the Idle Battle feature.

In January 2019, Axie Infinity started selling land lots and raised 3200 ETH.

In May 2019, the project carried out the development of the In-House Land market on the ETH Layer-2 platform.

In December 2019, the project proceeded to unify the land as well as release the Axie Market Place feature. At the same time, the card battle game Community Alpha came out.

In May 2020, the Mavis Hub feature was released and all plots were sold out in Q1, raising more than 4600 ETH.

Features of Axie Infinity

Battle System – Battle

This is one of the first developed features of Axie Infinity. This combat system is inspired by games like Final Fantasy Tactics and Idle Heroes.

With the combat feature, your pets will fight in real time. Currently, the maximum number of Axies allowed to participate in each battle is 3. Before going to battle, players have the right to choose more functional cards to maximize their chances of winning. If you win, you will complete the task and receive a token reward.

Battle system – Battle.

Breeding – Breeding

Just like pets in real life, in the world of Axie Infinity, Axies can breed. However, the number of reproductions is limited to a maximum of 7 times.

Breeding the Axie will cost a small fee and Smooth Love Potions (SLP). You can earn this SLP through quests in PvE Adventure Mode and PvP Arena.

Breeding – Breeding.

Land – Land

The Axie Infinity world is divided into encrypted plots of land. They can be the home or base of activity for pets. You can of course also upgrade your land by doing quests.

Currently in Axie Infinity, there are more than 90,000 land lots that exist in the form of NFT Tokens.

Land - Land.

Resources

Resources will spawn on Nodes and are used to upgrade both the land and the Axie you own. Landowners have rights to any resources that spawn on their land.

Resources.

Black Market – Market Place

As the name suggests, this is a place for players to trade pets, land, resources or other items earned during quests.

Black Market – Market Place.

Tournaments and eSports

Axie Infinity regularly organizes large-scale tournaments for gamers to have the opportunity to compete. There is no shortage of players who have earned thousands of dollars in crypto through several tournaments organized by Core Team or from 3rd party sponsored.

Tournaments and eSports.

Pros and cons of the project Axie Infinity

Advantage

• The Axie Infinity game model is quite simple, suitable for many objects.
• Product variety, beautiful graphics.
• The Axies have been encrypted into NFT and recorded on the ETH Blockchain so it is very safe for players.

Defect

• Relatively high transaction costs.

Things to know about AXS token

Functions of AXS token

Staking : players can hold AXS tokens to Staking and receive weekly rewards.

Governance : Hold AXS tokens to have the right to vote on the features you want in the Game as well as some regulations and policies.

Payment : AXS token is used to perform transactions in the Game such as buying and selling land, resources, etc.

Allocation of AXS tokens

AXS tokens are allocated as follows:

• 20% is allocated as a fund to attract new players.
• 29% are allocated as Staking Rewards.
• 8% is allocated as an ecosystem development fund.
• 21% is allocated to key members of the project.
• 7% is allocated to advisors.
• 11% was sold to investors through a Public Sale round.
• 4% is sold to investors through a Private Sale round.

Allocate AXS tokens.

Basic information about AXS . cryptocurrency

Price: 3.92 USD (price at the time of writing June 10, 2021).

Market capitalization: $248 million.

Total supply: 270 million.

CoinMarketCap ranking position: 233.

AXS Token User Manual

Guide to owning AXS token

Players can now acquire AXS cryptocurrency in the following way:

• Buy directly on exchanges.
• Play Game to get rewards.
• Staking to receive rewards is AXS.

How to store AXS token

AXS Coin is an ERC-20 standard token, so there are quite a few methods to store it such as:

• Floor wallet.
• Popular ETH wallets: Metamask , Myetherwallet, Mycrypto, Trust Wallet .
• Cold wallets: Ledger, Trezor.

The exchange supports Trade AXS token

Currently AXS has been listed on many exchanges. Some prominent names are Binance , MXC, DigiFinex, Huobi Global , Upbit, etc. Each exchange will support with different fees.

Conclude

Axie Infinity is a Vietnamese game project with a policy aimed at foreign gamers. Axie Infinity will initially focus its community development efforts on the English-speaking Global audience and gradually support more languages ​​as the project grows. 

Axie Infinity has become an adult game that attracts a large audience, has a thriving community and ecosystem. For fans of Pokémon or Final Fantasy, Axie Infinity offers an enjoyable gaming experience as you immerse yourself in it. Through this, it can be seen that Vietnamese wisdom has been shining in all fields, including the cryptocurrency industry. TraderH4 hopes that the Axie Infinity project or many more Vietnamese creations will be more and more successful in the future.

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