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Ethereum NFT

What is the AXS token used for?

How Axie uses AXS token. Axie is a Pokémon-inspired game on the Ethereum blockchain where players collect digital pets called Axies.

AXS token is

AXS (Axie Infinity Shards) is the governance token for the Axie Infinity game universe.

AXS token is used for

Upcoming

  • Yield farm
  • Governance (protocol and treasury)

More about the token here.

How could value accrue to the AXS token?

Governance tokens can be monetized by protocol fees.

In the future stakers will also govern Axie Infinity treasury and earn yield from staking.

Locking

  • Holders will stake their tokens to participate in governance and earn AXS rewards.

What is Axie Infinity?

Axie is a Pokémon-inspired game on the Ethereum blockchain where players collect and raise digital pets called Axies and take part in battles with them.

How Axie Infinity works

Axie Infinity is a play-to-earn game that blurs the lines between work and play and provides economic opportunities for players. There are two tokens in the universe:

  • Small Love Potions (SLPs) are utility tokens players win by playing Arena and Adventure games or use to breed Axies.
  • AXS token

Read more here.

AXS tokenomics

Max supply: 270 000 000

  • Sky Mavis development team: 56,700,000 (21%)
  • Advisers: 18,900,000 (7%)
  • Private sale: 10,800,000 (4%)
  • Staking rewards: 78,300,000 – issuance from Q1-Q2 2021 over 5.5 years (29%)
  • Play to earn: 54,000,000 – issuance from Q1-Q2 2021 over 4.5 years (20%)
  • Ecosystem fund: 21,600,000 – community growth (8%)
  • Public sale: 29,700,000 (11%)

Public sale price

  • 1 AXS =$0,10

Read more here.

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AXS price

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