What is Axie Infinity (AXS)?

Axie Infinity (AXS) is a governance token used in the Axie infinity ecosystem to vote on how the Axie Community Treasury manages funds.

Axie Infinity is a blockchain-based game trading that allows AXS users to collect, breed, raise, battle and trade Axies (token-based creatures).

Axies can have different forms and have more than 500 various body parts such as aquatic, beast, bird, bug, plant and reptile parts. There are multiple scales from each type of class, including common, rare, ultra-rare and legendary, which also means it can have any mix of body parts, making them of great worth.

Every Axie is a non-fungible token (NFT) with multiple traits and power, which can be put into a 3v3 battle. By winning, you can increase your Axie’s stats and enhance their body parts, which will give you more experience points. This is essential for creating unique offspring by combining these Axies, which can be utilized or sold on the Axie marketplace.

Who Created Axie Infinity (AXS)?

Sky Mavis, focusing mainly on technology and game development, founded Axie Infinity in 2018. It was also co-founded by Trung Nguyen and Aleksander Larsen with a team in Vietnam.

Aleksander Larsen has experience in blockchain gaming since 2017 and has worked in the Norwegian Government Security Organisation as an executive security officer. To this day, he holds the Secretary of the Board of Directors at the Blockchain Game Alliance.

Trung Nguyen finished with a Bachelor in Computer Software Engineering and was employed as a software engineer in Anduin Transaction before starting Axie Infinity.

Trung is currently the CEO of Axie Infinity and has 25 full-time employees with valuable knowledge and game development experience.

How does Axie Infinity (AXS) Work?

Axie Infinity (AXS) are governance tokens used in the Axie Infinity ecosystem; these tokens allow users to put in a vote for decisions such as how funds are distributed. Axie Infinity’s goal is to become a complete decentralized system controlled only by the game’s players.

The AXS token is essential for the Community Treasury as they collect 100% of all transaction fees on the platform. AXS token holders can gain a share of the collected transaction fees by staking AXS tokens and offering support on the forum. Meaning the aim is to reward community support, which benefits Axie Infinity.

You can earn Axie Infinity (AXS) tokens by playing the game and making Smooth Love Potions or SLPs or by combining Axies and selling them on the Axie marketplace.

AXS is available on various exchange platforms such as Binance, Huobi Global, Coinbase, FTX, Bithumb, KuCoin, Gate.io and Kraken.

Is Axie Infinity (AXS) a Good Investment?

Every Axie features six out of the hundred possible body parts, each having its own battle move, and the strongest of body parts can have excellent stats. Each Axie can only be combined seven times compared to other blockchain-based games to help manage the Axie population.

Axie Infinity provides a mating hub for players to hunt for a suitable match to breed their Axie with to achieve a unique and robust offspring. It might be a good investment for those who want to hold a vote and claim rewards through gaming.