What is Axie Infinity (AXS)?

Tue 28 Sep 2021 ▪ 3 min of reading ▪ by Mary A.

Axie Infinity is a blockchain-based online game in which players grow, breed, fight and exchange token-based creatures known as Axies.

What is AXS used for and how is it unique?

Each Axie is a non-fungible token (NFT) with different abilities and powers. They are used to fight in 3-on-3 battles in which players earn experience points that are then used to develop Axies’ abilities. Axies can be interbred to create unique offspring that can be used in battles or sold on the Axie trading platform.

The Axie Infinity ecosystem has its own unique management token Axie Infinity Shards (AXS). AXS gives holders the right to vote in matters related to the distribution of funds in the Axie Community Treasury.

Each Axie has six out of hundreds of different potential body parts, each with its own combat technique. This leads to an almost infinite variety of Axies.

Axie Infinity has its own mating node, which is necessary to help players find a suitable partner for breeding their Axies and thereby increase the chances of creating rare or powerful offspring. Breeding Axies costs 0.005 ETH and some Small Love Potion (SLP). SLP cost depends on the breed count of both parents.

AXS holders can stake their tokens to receive regular rewards. But unlike some other assets that can be staked, AXS owners will also need to vote and play to get their rewards.

Axie Infinity (AXS) is an Ethereum-based ERC-20 token. It is secured by the Ethereum Proof-of-Work (PoW) consensus mechanism.

The total offer of the asset is 270,000,000 coins. The market capitalization is $4,237,650,876 (~£3,052,841,830).

Where to buy AXS?

Axie Infinity Shards are wildly popular in the crypto community, which is proved by a good price on AXS. If you want to purchase this asset to play, or to add it to your investment portfolio, then such trading platforms as Binance, Huobi Global, Coinbase Exchange and others will do you good.

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Mary A. avatar
Mary A.

I am sure that crypto assets are a new type of economy. We are at the origins of the crypto revolution. Right now, it is worth studying what cryptocurrencies and the blockchain are in order to make the most of this knowledge and these skills in the future.


The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.