What is Axie Infinity (AXS)?
This is an ecosystem built on the basis of online games Axie Infinity. The platform was developed by Sky Mavis. The project uses the Play-to-Earn concept .
Gameplay takes place in a virtual environment inhabited by Axie creatures. The platform allows you to cross them, creating new characters. Players earn when victory in battles and the sale of virtual creatures.
The metavsa project presents territories belonging to players. Sites are used for gameplay and resource production, they can also be sold or rented out.
GameFi -project Axie Infinity was built on top of Ethereum. A full -fledged ecosystem was deployed on Ronin sides.
The platform uses two ERC-20 standard tokens: Axie Infinity Shards (AXS) and Smooth Love Potion (SLP). The developers also announced the release of the Ronin (Ron) coin.
Axie, virtual territories and objects exist outside the game space. All objects are presented in the form of NFT based on Ronin. They are traded at the Axie Infinity MarketPlace. To move the assets between Ronin and Ethereum, a cross-bridge is used.
The platform allows you to add AXS to the staining. The exchange of ERC-20 standard tokens in the Ronin network is carried out using DEX Katana. The exchange allows you to interact with AXS, SLP, USDC and Weth, as well as invest in liquidity bullets.
Who created Axie Infinity?
Sky Mavis Vietnamese studio introduced the concept of the game in December 2017. The founder and general director of Trung Than Nguyen is also a co -founder of the social network Lozi. When starting, the team received support from 500 Startups Vietnam.
The trading platform has been operating since March 2018. The developers added the opportunity to breed Axie in May of the same year.
In October 2018, virtual battles appeared, allowing to https://gagarin.news/ receive awards. At the next stage, virtual lands appeared, provided for users.
In November 2019, the project attracted $ 1.5 million sowing investments from Pangea Blockchain Fund, Hashed, Consensys and Animoca Brands. Axie Infinity Tokensil was launched on Binance Launchpad in October 2020, which brought the project $ 2.97 million. At that time, the price of AXS was $ 0.1.
As part of the round of financing of the series A, held in May 2021, the project raised $ 7.5 million. Investors were Libertus Capital, Collaboative Fund, billionaire Mark Kyuban and Reddit co -founder Alexis Oganyan.
How to play and earn in Axie Infinity?
The main characters of online games are Axie creatures. They can be crossed, which makes Axie Infinity similar to Cryptokitties. Creatures are divided into several classes: beast, plant, waterfowl, bird, insect and reptile. Additional types include “Twilight” and “Dawn”. You can determine the class by the color of the creature.
Axie have various characteristics: health, speed, experience and moral spirit. Classes are distinguished by strong and weaknesses. For example, birds are characterized by high speed, and plants have significant health.
Creatures have six parts of the body. These include eyes, ears, mouth, horn, back and tail. Each Axie is characterized by a set of elements, which makes the characters unique.
Individual creatures determine its combat characteristics. The better they are, the more chances to win in battles. Creatures with a certain set of characteristics have high value.
When crossing two Axie, you can get offspring. To exclude excessive growth of the population, the ability to reproduce is limited. Each of the creatures can give offspring no more than seven times. Propagation requires SLP payment, and at each next stage it is necessary to spend a large amount.
When crossing, random values are used, which eliminates the preliminary determination of the characteristics of the offspring and its value. Parts of the body are transmitted to the cub with a certain probability. The chances of their formation are determined by heredity.
Parents have dominant (D), recessive (R1) and small recessive (R2) genes. The highest chance of transmission corresponds to the dominant gene. In this case, the probability of inheritance is 37.5%. For R1 and R2, the chances of transmission of a part of the body are 9.375% and 3.125%, respectively. You can evaluate the probability of obtaining individuals with certain characteristics using a calculator.
Axie development process takes time. To achieve maturity, the creature is needed for 5 days. After that, you can find out its characteristics. During breeding, unique characters of varying degrees of rarity are obtained. As a rule, unusual creatures have the best combat characteristics and are more appreciated. Immature Axie are also sold, but their cost is lower.
There are additional restrictions in breeding creatures that impede the excessive growth of the population. For example, there is no opportunity to cross parents and offspring, as well as brothers and sisters.
Axie can be used in virtual battles. To participate in competitions, it is necessary to have three creatures. For victory, players receive remuneration in SLP tokens. The win also brings points that increase the user rating. Its high value allows you to get large awards, but you will have to fight with strong rivals.
Beginners are available battles with monsters attacking virtual lands. For victory, they receive awards in Utility tokens. Users have a high chance to win in such battles, but this brings a small profit. In the battle with a strong opponent, a newcomer is difficult to win.
Gameplay requires initial investments. For breeding Axie or participation in battles, you need to buy creatures. The game also uses virtual objects that increase the likelihood of winning. Game objects can be purchased on a trading platform. Users can also rent Axie. Similar services are provided by game guilds .
In addition to the battles, the possibility of gameplay in the metavselny under the name of the lunasation is provided. The latter consists of lands on which you can look for virtual objects and resources. There you can also find AXS tokens.
There are 90 601 sites in the metavselnaya, presented in the form of NFT. Lands are divided by regions. Only part of the sites belongs to players.
Users have several ways to receive income. One of them is the breeding and sale of Axie. The second source of earnings – awards for winning virtual battles.
Users can also sell found items. Game objects can be bought for subsequent implementation at a greater price. Trade operations are carried out on Axie Infinity MarketPlace.
Axie Infinity can bring to players income. The average earnings of the gamer is $ 500. Axie Infinity is especially popular among the Philippines, many of whom even left work for the game. The authorities of the Philippines even announced the need to tax gamers.
How the Axie Infinity tokenomics works?
Initially, the tokens of the ERC-20 and NFT standard were placed on the Ethereum blockchain. At the time of writing, assets are issued on Ronin sides. The latter supports AXS, SLP, USDC and Weth (wrapped ETH) tokens. NFT, representing Axie, lands and gaming items are released on the side.
The main token of the ecosystem is AXS. SLP coins are used in gameplay to pay awards and when breeding Axie. Their maximum issue is limited to 3.2 billion, and all tokens are in circulation. To pay rewards in the ecosystem, developers plan to use Ron coins.
The maximum AXS emission is 290 million. The release of tokens is carried out gradually. Assets are sent to the project team for the implementation of the Play-to-Earn program, for the payment of staying awards, as well as to solve other problems.
The developers have reserved 21% of AXS tokens. The project team is interested in the development of Axie Infinity, since unlocking their assets is carried out according to the schedule. Play-to-Earn uses 20% AXS issuance for Play-to-Earn. These funds can be considered as the Axie Infinity marketing budget. The current schedule of assets is presented in White Paper.
The platform operates the treasury, which began full -fledged work in 2021. It receives fees from trade operations (4.25% of each NFT sale). Also, part of the funds received during Axie dilutions is sent there.
White Paper is planned to regulate the amount of Axie using absorbers. This decision is aimed at reducing the population and limiting the cost of virtual creatures.
How the Axie Infinity ecosystem works?
Axie Infinity was launched as an online game using blockchain technology. Further development of the platform made it an advanced GameFi project that provides financial capabilities.
Axie Infinity allows you to add AXS to staining. The site presents analytical information: the total volume of blocked funds, daily awards and predicted annual profitability.
The functionality of the project expanded after the transition to the Sidchan Ronin. The blockchain recreator allows you to track transactions and get other information about the network. For the use of Sendchan, Ronin Wallet Web3 Capillary is required. At the time of writing, other solutions are not supported. Each user has access to 100 free transactions.
To enter and withdraw assets into Sidchan, the Ronin Bridge cross-bridge is used, which interacts only with the Ethereum network. The solution also allows you to deposit funds in fiat currency.
The ecosystem includes a decentralized crypto -tank Katana. The trading platform is implemented on the basis of Ronin. It allows you to exchange AXS, SLP, USDC and Weth tokens tokens.
When exchanging, liquidity pools are used in which users can make funds and receive remuneration. The commission of liquidity suppliers account for 0.3%.
How Axie Infinity is developing?
The functionality of the ecosystem is expanding, and improvements are introduced into the game process. In the roadmap for 2022, the implementation of gameplay on the lands of the lunasation is planned, as well as the launch of the alpha version of Lunacia SDK. This is a cards editor that allows the owners of territories to create mini-games and virtual real estate. Since 2021, the gameplay has been available to iOS and Android users, which expands the project audience.
At first, gaming assets were placed on Ethereum, but in 2020 NFT was transferred to Ronin. The creators plan to use Sidchan as a Gamefi-oriented platform. Ronin will allow third -party developers to launch games and decentralized applications.
At the time of writing, Sky Mavis coordinates the work of the components of the ecosystem. This creates risks for users. The declared purpose of the platform is the transition to a decentralized management model. An important step in this direction will be the opportunity to vote using AXS. They plan to add this function in 2022.
At the end of 2021, Dex Katana was launched. The development of the ecosystem was facilitated. The possibility of quick conversion of project tokens into “Stable coins” allows players to store funds on the platform. This reduces the exchange rate risks caused by high volatility of prices for the tokens of the GameFi project.