What is Axie Infinity (AXS)?

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What is Axie Infinity (AXS)?

What is Axie Infinity (AXS)-BitDelta

Summary

  • Axie Infinity (AXS) is a blockchain-based, play-to-earn (P2E) game that allows players to enjoy an exciting virtual world by owning cute creatures called Axies. Axies are fascinating monsters and look a lot like Pokémons, the lovable Japanese creatures.

  • Axie Infinity has integrated a DAO model, allowing its players to get more involved in the future of the game.

  • Axie Infinity Shards (AXS) are the native token of the Axie Infinity universe and can serve various purposes. It can be used as a currency on Axie Infinity’s NFT marketplace for NFT trades.

  • AXS also functions as a governance token and provides its holders with the right to participate in the decisions related to the future of their game. Users can also stake AXS to earn new AXS tokens as rewards.

Table of Contents

What is Axie Infinity (AXS)?

Axie Infinity (AXS) is a blockchain-based, play-to-earn (P2E) game that allows players to enjoy an exciting virtual world by owning cute creatures called Axies. Axies are fascinating monsters and look a lot like Pokémons, the lovable Japanese creatures.

As a player, you can own Axies that are unique in their own way. You can build your own universe of Axies, sign up for battles with other Axies, or even breed and create new Axies that may come with new and rare features. 

Axies come in the form of Non-fungible Tokens or NFTs. NFTs are a type of blockchain-based tokens that represent unique items. This uniqueness and the level of rarity can make some NTFs quite valuable.

But that is not the only benefit of NFT-based video games.
With blockchain games like Axie Infinity, you will always stay the true owner of your in-game assets and no one will be able to take them away from you. This is an important aspect of blockchain games considering that with conventional games, users can get their account suspended quite easily and lose all their in-game assets as they are stored on the game’s central servers.

Aside from Axies, you will be able to buy Lands too which are also in the form of NFTs, allowing you to get your hands on a valuable asset while playing an exciting game. Axie Infinity has also integrated a DAO model, allowing its players to get more involved in the future of the game.
Decentralised Autonomous Organizations or DAOs use a community-based governance model and are managed by their community members in a democratic way.

DAOs are quite popular in the blockchain and crypto world as they align with the goals decentralisation is aiming to achieve. With Axie Infinity, players who hold Axie tokens will be able to participate in the decisions related to their game and have a voice in deciding its future.

How Does Axie Infinity Work?

Axie Infinity is built on the Ethereum blockchain and its token are following the ERC-20 and ERC-721 standards. Ethereum’s high transaction fees and congestion issues convinced Sky Mavis, the developer of Axie Infinity, to create its own sidechain. A sidechain operates in parallel with the main chain of a blockchain system and will process transactions off-chain to reduce the load on the mainnet.

The development of the Ronin sidechain started in 2020, however, the chain had an unfortunate destiny. On March 23rd, a hacker exploited a vulnerability in the sidechain and was able to drain $622 million of users’ funds.

Now, let’s go through the game itself and see how you can play Axie Infinity.

Axie Infinity: Origin

In Axie Infinity: Origin, you will be able to battle against other Axies. Of course, you would need to buy an Axie first.

Gameplay

The gameplay can be in two different modes: Arena Mode and Adventure Mode. You would even be able to join eSports events and win better prizes. The rules of the game, however, stay pretty much the same in all of them.

You will start the game with 18 cards that will give you different abilities to use in the battle. In each turn, you can draw 5 cards, and using these cards will take Energy from you. Each Axie has 3 Energy at the start of each turn. The turn ends once you have no Energy left or don’t want to play any cards.

The health of Axies will be affected during the battle. As you may have guessed, the goal here is to push the energy of your opponent’s Axies to zero before your Axies run out of Energy themselves.

What is Axie Infinity (AXS)

Cards – Source: Axie Infinity

Axies

Axies have different body parts and are divided into 9 different classes based on them:

  1. Beast
  2. Aquatic
  3. Plant
  4. Bug
  5. Bird
  6. Reptile
  7. Mech
  8. Dawn
  9. Dusk
plant-axie - BitDelta

A Plant Axie – Source: Axie Infinity

The Axies’ abilities are determined by their body parts and these abilities are represented in the cards they can hold. Each Axie has 6 body parts that are not related to their class: eyes, ears, mouth, back, horn, and tail!

For instance, here are the cards this cute plant Axie has:

The 6 Cards of a Plant Axie | BitDelta

The 6 Cards of a Plant Axie – Source: Axie Infinity

Power-ups

Charms and Runes are special wearables that give Axies extra powers. You can equip each card of your Axie with one Charm while you have only one Rune slot to fill for it.

Both Runes and Charms can have one of the 4 different rarity levels: common, rare, epic, or mystic. Charms and Runes can be NFT or not. The NFT versions are more valuable as you will be able to trade them on open NFT marketplaces.

Smooth Love Potion (SLP)

Smooth Love Potion (SLP) is a reward token you can earn by competing in the Arena mode. It follows the ERC-20 token standard and is considered a utility token with unlimited supply.

The amount of SLP tokens players receive depends on different factors such as their ranks or whether they have used an NFT Axie in their battle. SLP was previously known as Small Love Potion.

What are Axie Infinity Shards (AXS)?

Axie Infinity Shards (AXS) are the native token of the Axie Infinity universe and can serve various purposes. AXS is an ERC-20 token and has a limited supply of 270 million tokens. The supply will be unlocked gradually over time and its release will be completed in 2026.

AXS can be used as a currency on Axie Infinity’s NFT marketplace for NFT trades. It also functions as a governance token and provides its holders with the right to participate in the decisions related to the future of their game. Users can also stake AXS to earn new AXS tokens as rewards.

Where to Buy AXS

AXS is available on various decentralised platforms as well as centralized ones. You will be able to buy AXS tokens on BitDelta by using your credit/debit card or placing a market order.

To buy some AXS tokens on BitDelta, head over to BitDelta.com. On the top menu, select “Trade” and choose the “Spot” option. AXS will be available as the AXS/USDT pair.

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