Axie Infinity

• ERC-20 governance token for the Axie Universe

• Allows holders to claim rewards, play the game, and participate in governance votes

• Earn AXS by playing various games within the Axie Infinity Universe.

• Facilitates participation in governance and voting rights

• Enables ownership of the Axie project with the community

• Stake AXS to earn passive income

• Community Treasury receives inflows from Axie NFT marketplace transactions and AXS portion of the breeding fee

As of today 31 December 2024, the price of Axie Infinity is ₹574.93 INR, with a 24-hour trading volume of 49856394.75 USD. The market capitalization for Axie Infinity is 995547015.22USD. The circulating supply is 157090183.46 Axie Infinity, with the total supply also being 270000000 Axie Infinity.

• Participation in Axie Infinity Ecosystem: AXS holders can vote on governance proposals, earn staking rewards, and contribute to the development of the Axie Infinity ecosystem.

• Staking Rewards: AXS holders can stake their tokens to earn rewards, which can be used to purchase Axie NFTs or other in-game items.

• Governance: AXS holders have the ability to vote on proposals and help shape the future of the Axie Infinity ecosystem.

• Increased Utility: AXS has been integrated into various DeFi protocols, increasing its utility and potential for growth.

• Potential for Appreciation: As a native token of the Axie Infinity ecosystem, AXS has the potential to appreciate in value as the ecosystem grows and gains adoption.

• Volatility: Like any cryptocurrency, AXS is subject to market volatility, which can lead to significant price fluctuations.

• Competition: Axie Infinity faces competition from other blockchain-based games and NFT projects, which could negatively impact the demand for AXS.

• Technical Complexity: The Axie Infinity ecosystem and its associated technologies may be complex for some users, which could deter adoption.

• Regulatory Uncertainty: The cryptocurrency and NFT markets are subject to regulatory uncertainty, which could negatively impact the value of AXS.

• Risk of Scams: As with any cryptocurrency, there is a risk of scams and fraudulent activities, which could negatively impact the reputation of AXS.

• Unique tokenomics and potential for earning rewards through staking and gameplay

• Stake in the Axie universe, similar to company shares, allowing players to share in the economic success of the game.

• Integration with the Axie Infinity game, allowing players to earn rewards and participate in governance

• Provides a stake in the Axie universe, aligning players' incentives and the game.

• Engagement and ownership in online games

• Allowing players to earn rewards and participate in governance gives them a stake in the game's success and aligns their incentives with those of the game.

• Axie Infinity was developed by Sky Mavis, a blockchain game studio from Vietnam created by Trung Nguyen and Aleksander Larsen.

• Axie Infinity conducted its Initial Coin Offering (ICO) from November 3 to November 4, raising $9,030,000

• Volatility of the token's value

• Potential for a crash on the broader cryptocurrency market

• Experimental nature of the technology.

Axie Infinity is a universe filled with collectable creatures called Axies. The game features a player-owned economy where players own entirely their digital assets. The Axie universe is constantly expanding through new games and experiences, allowing community developers to build their tools and experiences in the Axie Infinity universe. While still in early access, Axie is ranked the #1 Ethereum game by daily, weekly, and monthly active users. Players have spent 1M ETH+ (4B+ USD) in the Axie universe. While Axie is a fun game, it's also taken on characteristics of a social network and earning platform due to the strong community and play-to-earn opportunities. A critical difference between Axie and a traditional game is that Blockchain economic design unlocks the potential for players to earn real-world value for their time and skill invested in the game.