Warning: Axie Infinity (AXS) Scam? Where is the truth?

• Summary of Axie Infinity
• Highlights of Axie Infinity
• How to play the game Axie Infinity 
• Prepare the monster and arrange the formation
• Battle Mode in Axie Infinity
• Axie Breeding System
• Indicators and cards
• Is Axie Infinity a scam?
• Distinguishing how Axie Infinity works from a Ponzi scheme will shed light on whether Axie is defrauding users
• How does AXS deal with cases of hackers taking advantage of players to cheat?
• What will the future of Axie Infinity look like?
• Conclude

Summary of Axie Infinity

Axie Infinity is a generation of games developed on the blockchain platform, released by Sky Mavis company – a Vietnamese technology game studio founded in early 2018. Inspired by Pokémon, CEO Nguyen Thanh Trung has simulated the game. Axie Infinity into a digital pet world, a gamified miniature society. Here, players will collect, nurture and breed their Axie pets. 

If it simply brought pure entertainment like the above or revolved around the financial investment benefits from blockchain projects, Axie game would not be able to create a global media effect quickly. such.

Highlights of Axie Infinity

A special feature of Axie Infinity is that it has many rewards in the form of tokens for gamers with good strategies or contributions to the Axie ecosystem. Players will compete with each other, participate in the community, buy and sell Axies, earn in-game tokens to profit.

This is truly a revolutionary step forward for the gaming industry. When most of today's online games, players have to recharge to be able to equip characters and buy in-game items. But the actual purchased virtual item is still owned by the publisher. In the game Axie is different, you have real ownership of pets, land, items and can buy, sell and transfer to anyone on Marketplace.

To be able to join the Axie Infinity ecosystem, players must make an initial investment to buy the first three Axie pets. However, from one Axie the player can breed up to seven other Axies. If you are lucky enough to create an Axie with rare characteristics, you can make a very high profit. Axie prices vary widely, often ranging from a few hundred to several thousand US dollars.

In the Axie game world, there is an economy powered by two cryptocurrencies: Axie Infinity Shard (AXS) and Smooth Love Potion (SLP). Each Axie pet is a unique and non-fungible NFT (Non-fungible token). NFT is applied to the game so that the player can really own the assets in the game such as: pets, items, land. They can sell those assets, win battles, do quests… get SLP and AXS tokens.

These tokens can be sold on cryptocurrency exchanges such as Binance, Coinbase, Uniswap, Coinone… At the time of writing, AXS coins are trading on Binance at a price of $136 per AXS coin. Thus, revenue from this passive income source is a desirable amount for global players, especially for low-income regions like Southeast Asia.

A big question mark that many people ask is: “Where does the money in the game Axie come from? Is this revenue a life-changing opportunity for many people, or is Axie Infinity (AXS) actually scamming us with high technology?” The truth will be revealed in detail in the next section.

Features of Axie Infinity

How to play the game Axie Infinity 

In this section we will share details on how to play this Play to Earn game.  

Prepare the monster and arrange the formation

• To participate in the game the player must own 3 original battle monsters. Monsters are divided into groups with different battle characteristics and prices. Therefore, depending on your wallet as well as the required characteristics of the monster, the player has the option to purchase on MarketPlace. 
• Team Axie has 3 positions that are Axie Tank (Axie Defense), Axie Dame (Axie Axie) and Axie support (Axie support). Each position will have different roles and requirements. Therefore, depending on the type of Axie, the player should prepare and arrange them accordingly.

Battle Mode in Axie Infinity

In this Play to Earn game there are two battle modes so that players can get daily bonus tokens.

• PVE battle mode (directly against the machine) in the “Adventure” section. This mode is very suitable for beginners to join the game. Players only lose 1 E of energy when participating in the game and help increase the level of monsters and earn bonus tokens for completing daily quests. 
• PVP battle mode (face-to-face combat) in the “Arena” section. This is one of the tasks that must be completed daily to earn tokens. This game mode will be more difficult than PVE. 
• Daily quest to get 50 SLP bonus tokens: Check game daily, complete 10 wins in PVE mode and win 5 matches in PVP mode. 

Axie Breeding System 

Axie monsters not only have the ability to fight, but they can breed and breed to create new monsters. Each monster is 1 NFT and can be easily traded on Axie Infinity's MarketPlace. 

• Breeding and mating Axie requires two tokens, AXS and SLP. These are resources that players can completely accumulate daily through matches. Depending on how many times a parent Axie has spawned there will be a corresponding SLP cost. Each Axie participates in spawning 7 times. The cost of mating for each pair of Axie parents is 4AXS.
• To carry out breeding, you can go to MarketPlace to select other Axies and the cost to perform transplanting. However, quality seed or not depends quite a lot on the parent breed. If the parents have high rank, the hybrid offspring will have good quality. They also have the probability to receive both dominant, recessive, and minor genes from the parent Axie.
• Each Axie hybrid born will have all information about the trait stored on the blockchain. After only 3 days you will see the shape and genes of Axie and in 2 more days will become an adult Axie. 

Indicators and cards

Each monster has 6 parts and has 4 stats that show different characteristics and strengths of Axie. Those stats are HP (Axie's health), Skill (damage skills), Speed ​​(speed to decide the turn), Morale (ability to perform critical hits). These stats of Axie are represented in the form of cards in the game. Therefore, before fighting, players need to read all the functions of 132 cards in the game and plan to use their cards in the match.

Is Axie Infinity a scam?

Since its release, Axie has caused a lot of controversy surrounding the issue of whether this is a form of Ponzi scheme, a model that takes money from the latter to pay the former. Are not? Those who join early will reap the huge benefits brought by the latecomers, the end of which will be tragic.

Distinguishing how Axie Infinity works from a Ponzi scheme will shed light on whether Axie Infinity (AXS) scams users or not

Alike

Both models develop very quickly, always needing more new players to join the network, forcing to spend a large amount of money initially, the latter will have to spend more and more money. Cash flow from new players will feed the issuer, generating income for the previous participants.

Different

• Ponzi scheme: Is a form of credit fraud in the form of capital mobilization, taking money from the latter to pay the former. This model has no actual product, but deliberately paints the participants the illusion of investment plans that do not exist. Usually, the operator will promise to pay high profits to attract investors. To earn a higher “return”, they have to entice new investors to inject money into the system. Finally, the Ponzi model sooner or later collapsed, players fell into bankruptcy and debt.
• Axie Infinity: Contrary to the Ponzi model, Axie Infinity is essentially a game that brings entertainment value, applied to the economy using cryptocurrencies. Axie Infinity does not solicit or reward new player referrals for a commission. In the game, players can own Axie pets, which are NFTs - unique and irreplaceable tokens. NFTs are digital assets of players, and can be profitable when they increase in price.

However, it is necessary to properly understand the value created by Axie Infinity products. NFT is valuable when someone accepts to pay to buy it for the purpose of collecting, satisfying personal feelings. Nowadays, it is no longer strange that many NFT digital art works are sold for millions of US dollars. 

Like other NFT products, the value of virtual animals in Axie game is mainly based on speculation, buyers can only hope this NFT game will grow stronger and stronger and their Axie animals will be repurchase at a higher price.

Information about Axie Infinity (AXS) cheating users has not yet appeared, but there have been hackers taking advantage of the heat of this game to profit through many sophisticated forms of fraud. 

In early November of this year, a scam that caused the loss of nearly US$100,000 to 155 gamers in just ten minutes sent shockwaves through the Axie Infinity gaming community. Hackers hacked Axie Infinity's Discord account (social media channel connecting gamers globally) to create a fake announcement that will release 1,000 Axie NFTs. Accompanying this message is a link to a website intended to trick users into connecting their wallet to the MetaMask wallet . But in fact, the website was programmed to send money to the hacker's personal wallet. 

How does AXS deal with cases of hackers taking advantage of players to cheat? 

Currently, there are more and more cryptocurrency scams like this, crooks can take advantage of the loophole at any time to make a surprise move. Because cryptocurrencies are mostly not protected by law, there is almost no way for victims to get them back. Discord is the chat, discussion, and connection system with the most gamers in the world and also a fertile land in the eyes of scammers. 

How AXS solves cases where hackers take advantage of players to cheat players

However, the operators of Axie Infinity claim to check directly on the blockchain system and automatically compensate victims who lost money in the above incident.

Axie Infinity also confirmed that it will tighten access to accounts on its social media channels. At the same time, Axie Infinity is also working with Discord to find ways to fix and resolve security related issues.

Axie Infinity's very quick and timely handling has greatly increased the reputation of this game company. Sky Mavis has shown the responsibility of the game development team to the players even though Axie Infinity is only indirectly responsible for this scam and suffered heavy losses. 

The explosion of Axie games in particular, and NFT digital asset application entertainment games in general, has created a "fever" globally. Will AXS continue to make huge profits like the past time or will it decrease when the fever is over? 

What will the future of Axie Infinity look like?

Axie Infinity is having the first and second revenue in the technology game industry thanks to the Play-to-Earn model, completely different from the traditional online game generation. Earlier this month, the AXS coin continued to increase rapidly, conquering a new peak of $ 160, equivalent to a capitalization of $ 9.9 billion. This not only helps developers earn huge profits, but also makes investors around the world expect that AXS coin will continue to break the old record.

Axie Infinity (AXS) scam users? The future of AXS

For now, the future of Axie Infinity still has a lot of potential to thrive. Because in addition to satisfying the entertainment needs of gamers, Axie Infinity also hits the income needs of everyone. If players really want to make money from Axie Infinity, they have to spend about $1,000 first. At this time, very few players intend to quit the game, they have to constantly plow the top race to get back the initial capital as quickly as possible. Meanwhile, the gaming industry is still thriving, attracting an increasingly large number of players.

Even so, today's technology develops very fast, always faces competition and can be replaced at any time. The game development team must research to solve the problem of how players stay long-term, maintain and develop a constantly moving economy. Especially, it is always necessary to create something new to satisfy the entertainment needs of users. 

In addition to the factors derived from Axie Infinity itself, objective factors, especially the volatility of Bitcoin, also greatly affect the increase or decrease in the price of AXS. 

summary

Through the analysis of the operation characteristics, the development of the Axie ecosystem and the future potential of Axie Infinity, it is clear that there is no sign to confirm that Axie Infinity (AXS) cheats players. . Just because Play-to-Earn is so new has raised some concerns for those who are looking to invest. However, like other cryptocurrency projects, Axie Infinity still has many potential risks. Therefore, investors need to research carefully before making investment decisions in this project.

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