A follow-up post by Blogtienao about coins and tokens, the AXS token of the Axie Infinity project. The next project is implemented on Binance Launchpad. Now, let's learn about the AXS token and guide you to join Launchpad.
Axie Infinity (AXS) price, marketcap, chart, and fundamentals info
Axie Infinity is a Pokémon-inspired universe where anyone can earn tokens through skilled gameplay and ecosystem contributions. Players can battle, collect, raise, and build a land kingdom for their pets (called Axies).
Currently, players can start the game by purchasing Axies from other players on the Marketplace. Marketplace allows players to trade Axies, Lands and items with global players.
Axie-related in-game content and data are all accessible to 3rd parties, allowing community developers to build their tools and experiences within Axie Infinity.
While Axie is a game, it also features a social network and employment platform due to the strong community that comes into play to earn a chance to derive from initial success.
Axie Infinity and the project's products
Axie team started developing the application and real-time card battle system in March 3, releasing the Alpha version in December 2019. The Battle system is structured as an "idle battle" system with inspiration from Final Fantasy Tactics and Idle Heroes.
The current Battle Axie system pits 3 Axies against each other in real time. At the beginning of each round, Axie is dealt cards based on their body parts. Players must choose cards that maximize their chances of winning while predicting which cards their opponent will play.
Similar to real-world pets, platform pets (called Axies) can be bred to produce new offspring. To avoid Axie's hyperinflation, an Axie can only be bred 7 times. An increasing number of Small Love Potion (SLP) is needed each time an Axie is bred. SLP can be earned by playing the game in PvE Adventure mode as well as PvP Arena.
Each Axie has 6 body parts as well as a body shape. For each division, 1 Axie possesses 3 genes. One gene is dominant (D), recessive (R1) and recessive (R2).
The dominant gene is what determines the body part present on Axie. When crossbreeding, each gene has a chance to be passed on to offspring. If the genes of a particular body part are not passed on, the traits of that body part are selected at random.
- Dominant (D): 37,5% chance to pass this gene on to offspring.
- Recessive (R1): 9.375% chance to pass this gene on to offspring.
- Minor Recessive (R2): 3,125% chance to pass this gene on to offspring.
Axie Infinity is divided into encrypted parcels of land that serve as Axie's home and base of operations. Plots can be upgraded over time using a variety of resources and crafting materials that can be found during play. In addition, land owners can find AXS tokens on their plots or use Axies to occupy parcels of land to explore resources on the map.
There are currently 90.601 squares in the game. These lands are represented as Non-Fungible Token (NFT) and can be freely traded by players.
Players will also be able to create games using the Lunacia SDK and place them on land they own.
Technical infrastructure of Axie Infinity
Axie, Land, and other in-game items that are NFTs are currently being deployed on the Loom Network and will be migrated to the platform's Ronin sidechain to expand the technical infrastructure. Ronin is an application-specific sidechain specially designed for Axie Infinity and is currently in the testnet.
A full migration of NFTs is expected in early 2021 before the game's official release.
What is Axie Infinity Shards (AXS) Token?
AXS or Axie Infinity Shards is the project's unity token. Holders will shape the future of Axie Infinity by signaling their support for upgrading the ecosystem and directing the use of the Community Treasury.
Basic information of the AXS . token
|Token type||Utility token|
|Total Supply||270.000.000 AXS|
|Initial Cycle. Supply||59.985.000 AXS (22.22%)|
AXS . Token Allocation
AXS . Token Issuance Schedule
What are AXS tokens used for?
- Governance: AXS token holders will be able to stake their tokens and participate in governance voting.
- Staking: Players will be able to staking their AXS to earn weekly rewards.
- Payment: Players can use AXS tokens to play games and make payments.
AXS token sale
|Private Sale Allocation||10,800,000 AXS|
|Private Sale Token Price||0.08 USD/AXS|
|Private Sale Amount Raised||864,000 USD|
|Binance Launchpad Sale Allocation||29,700,000 AXS|
|Binance Launchpad Sale Token Price||0.10 USD/AXS|
|Binance Launchpad Amount to be Raised||2,970,000 USD|
Fund management and use of money
Team Axie used the funds raised according to the allocation below:
- Development cost: 85%
- Administrative expenses: 10%
- Business Development & Marketing: 5%
Funds are held in a cold wallet multi-sig is controlled by the Core team. All fund movements require at least 2 of the 3 signatures of the top management team.
How to earn AXS tokens?
- Staking: At the beginning of 2021, players will be able to stake AXS tokens for rewards.
- Join the game in the Axie Infinity ecosystem
On which exchange is AXS traded?
There is currently no information, but the possibility of time list Binance It will be after the time of claiming tickets for the Axie Infinity project on Binance Launchpad
At the beginning of 2021, players will be able to stake AXS tokens for rewards. The amount of AXS tokens a player receives as a reward depends on whether he or she has played the game and participated in governance voting for a period of time.
All distributed rewards will be locked in a smart contract for 1 year.
Community Treasurys will be launched after feature zoning is implemented. Then get the revenue generated by Axie Infinity as well as part of the effort. This treasury will be managed by AXS stakers once the network is decentralized enough.
Instructions to participate in the Axie Infinity (AXS) token sale on Binance Launchpad
- Token: Axie Infinity (AXS)
- Launchpad Hard Cap: 2,970,000 USD
- Total Token Supply: 270,000,000 AXS
- Binance Launchpad Allocation: 29,700,000 AXS (11% Total Token Supply)
- Public Sale Token Price: 1 AXS = 0.10 USD (price in BNB will be determined before the draw date)
- Token Sale Format: Lottery
- Maximum number of winning lottery tickets: 14.850 VND
- Allocation for each winning ticket: 200 USD (2.000 AXS)
- Support: Only BNB
- October 27, 10 2020:07 AM to November 00, 03 11:2020 AM (VN time): User's BNB balance will be calculated using hourly snapshots for each day over a 7-day period. Your final daily average BNB balance for these 7 days will determine how many tickets you can claim.
- 03/11/2020 01:00 PM (Vietnam time): Ticket purchase request will be open at this time to all eligible users within a 24-hour period ( rules for allocating tickets and keeping BNB ). Users must also sign the Token Purchase Agreement at the same time, before completing the ticket purchase request. Please note that users will only be able to claim tickets once.
- 04/11/2020 01:00 PM (Vietnam time): The ticket purchase request ends and the draw begins.
- 04/11/2020 03:00 PM (Vietnam time): Winning ticket is announced and corresponding BNB will be deducted from each winning user's account. Make sure you have enough BNB in your spot account to be deducted within 24 hours if you have a winning ticket. Note that BNB in open positions, margin accounts, lending products, sub-accounts, futures accounts, fiat accounts, Launchpool accounts or card accounts will not be eligible for the deduction.
Assess the potential of the AXS . token
Begin the process of moving Land and items to Ronin.
- Begin the Axie to Ronin migration process.
- Launch of Axie Battle beta.
- Launching Land Gameplay Community Alpha.
- Launch of Staking Dashboard and enable staking rewards, decentralized governance and Play to earn AXS.
- Released Axie Infinity on iOS and Android.
- Lunacia SDK alpha release.
- MakerDAO: MakerDAO is a decentralized stablecoin issuance platform. Axie Infinity partnered with MakerDAO to distribute in-game DAI rewards.
- Samsung: Samsung is a technology corporation of South Korea. Axie Infinity partners with Samsung as a partner dapper important for integrating Samsung's blockchain platform SDK. Axie Infinity game is now available in Samsung wallet.
- Kyber Network : Kyber Network is an on-chain liquidity protocol. Axie Infinity integrates with Kyber Network to swap meta trading tokens during the Land sale in early 2019.
- Delphi Digital
- Eddie Lee (Senior Security Researcher at Blackwing Intelligence)
- Sebastien Borget (COO and Co-Founder at The Sandbox)
Axie Infinity Team
- Trung Thanh Nguyen (CEO): Former software engineer at Anduin Transactions, Co-founder and former CTO at Lozi.
- Alexander Leonard Larsen (COO): Director's Secretary Board at Blockchain Game Alliance, Collaborative Streamer at Twitch.
- Vietnamese English (CTO): Former full stack engineer at Anduin Transactions, Software Engineer Intern at Google.
- Tu Doan (Art Director & Game Designer): Former head of Desiger department at Lozi.
- Jeffrey Zirlin (Growth Lead): Fund Manager at MetaCartel Ventures, BA in history from Yale University.
Axie Infinity will initially focus its community development efforts on the English-speaking global audience and gradually support additional languages as the project grows.
The Future of Axie Infinity (AXS)
Axie Infinity lays out its vision as follows:
- Believing in a future where work and entertainment become one.
- Believes in empowering players and giving them economic opportunity.
- Above all, join the game and fight, or collect cute creatures that can change the world.
Axie Infinity's Community Development Strategy
- Actively interact with the community through social channels (mainly Discord).
- Regular updates to the community on development progress.
- Work directly with key community members to encourage them to create content and attract new players to the community.
- Attract collectors and institutional investors to purchase and own Axie gaming assets.
- Implement referral programs to attract new players.
- Collaborate with popular artists to create new Axies and in-game content.
- Partnering with mainstream streamers interested in blockchain.
- Work with well-known brands in the crypto and gaming sectors through integrations and strategic initiatives.
Should I invest in AXS tokens?
Hopefully, Blogtienao's detailed reviews can contribute a bit to your investment decisions.
Note: This is not investment advice, but an assessment when the project has been announced. So please consider and ensure responsibility with your own money.
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