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Learn more about Axie Infinity
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Axie Infinity (AXS) price has declined today.
Axie Infinity (AXS) is priced at $7.26 today, with a 24-hour trading volume of $29,000,811.32. It is reflecting a 1.71% decline over the last 24 hours and a 8.04% increase over the past 7 days. With a circulating supply of 144 Million AXS, Axie Infinity’s current market cap is at $1,048,190,162.35.
An Introduction to Axie Infinity (AXS)
Axie Infinity is a fun game based on blockchain technology. It lets players trade and battle with cute virtual creatures named Axies. What makes it special is that players partially own and run the game, playing a big role in how it grows and changes.
The game draws ideas from favorites like Pokémon and lets players collect, raise, and battle Axies.
These creatures can have more than 500 different body parts, which are exciting to discover as some are quite rare! Each Axie is also a unique digital item (NFT); players can breed, fight, and trade them.
Axie Infinity even has its own digital currency, Axie Infinity Shards (AXS), which lets you have a say in the game’s future decisions and use of funds.
Meet the Founders of Axie Infinity
Trung Nguyen, the CEO, and Aleksander Larsen, the COO, launched Axie Infinity in 2018.
Trung brings his tech skills from his computer software engineering background, while Aleksander, a former competitive gamer with a strong background in security and board governance, taps into his blockchain gaming experience.
They and 25 other experts work full-time to keep the game exciting and fresh.
The Unique Features of Axie Infinity
Axie Infinity is loaded with a huge variety of Axies, each having six different body parts that define their battle moves. This ensures no two Axies are the same; some might just have a killer combination of moves!
To keep the game balanced, an Axie can breed only up to seven times, helping control the population and maintain the value of rare Axies. And if you want to breed Axies, you’ll need a bit of ETH and Small Love Potion (SLP) tokens.
Soon, if you hold AXS tokens, you’ll be able to earn rewards by staking them, but you’ll need to play and vote to get them actively.
Exploring the Gameplay of Axie Infinity
In Axie Infinity, you buy Axies, battle other players, breed new Axies, and sell them. You can battle in Adventure Mode or Arena Mode and explore Lunacia, the Axies’ homeland, for resources and upgrades. The marketplace is where you can trade Axies and land plots.
Community is a big deal here. The game wants players to jump in, contribute, and create content, and it stands out for its population control and broad range of Axies with varied attributes, which draws both gamers and rare NFT collectors.
To manage its scale, Axie Infinity developed its own sidechain on Ethereum, named Ronin, ensuring quick transactions while still working smoothly with Ethereum and Ronin wallets.
Understanding the Supply of Axie Infinity (AXS) Tokens
Axie Infinity Shard (AXS), the game’s native token, hit the market in November 2020. Not only can you use it for purchases within the game, but it also empowers holders to vote on platform changes and developments.
A cap is set at 270 million for AXS tokens. At the time of writing, approximately 141 million tokens had already entered circulation.
The distribution of these tokens took various forms during the launch. Furthermore, Binance Research predicts that by early 2026, all AXS tokens will be actively circulating.
Securing the Axie Infinity Network
Axie Infinity (AXS) is based on the Ethereum blockchain, known for its strong security. Early in 2021, the game planned to move its NFT tokens (Axies and other in-game items) from the Loom Network to its custom-built sidechain on Ethereum, called Ronin.
The Axie Infinity team designed this to provide faster transactions and lower fees to support its growing community.
Where to Trade Axie Infinity (AXS)
You can trade Axie Infinity (AXS) on several exchange platforms like:
Most Used
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Binance is a great combination of low fees, deep liquidity and multiple cryptocurrencies and trading pairs. We have tested every aspect of it and it STILL holds its reign as the top exchange in the world. In our view, it is the perfect crypto exchange for both newbies and advanced traders alike.
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Biggest exchange in the world.
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Industry's lowest trading fees.
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Advance trading options like leverage trading.
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600+ crypto options, 150+ for the US.
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Lucrative on-site staking options.
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Hiccups in account verification.
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Less regulated than some competitors.
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The corporate structure is not transparently.
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For traders interested in exchanges with high liquidity, Huobi is a great choice. The exchange gives traders a low fee of 0.2% and gives addition discounts by holding the Huobi Token (HT). Huobi supports more than 700 crypto assets and have deposit and withdrawal of fiat currency. The downsides are regulatory compliance issues and bad customer support.
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High liquidity.
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Supports fiat currency.
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Low fees.
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High number of supported cryptocurrencies.
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Regulatory challenges.
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Wash trading accusation.
It’s paired with various other currencies, such as:
- Smooth Love Potion (SLP)
- ETH
- BNB
- PHP
- AUD
- EUR
Coinweb’s Crypto Wiki can provide educational resources for those new to cryptocurrencies and interested in purchasing Axie Infinity.
Axie Infinity is a blockchain-based game where players trade, battle, and breed virtual creatures called Axies. Players can help run the game and have a say in how it changes over time.
Trung Nguyen, the CEO, and Aleksander Larsen, the COO, launched Axie Infinity in 2018. Trung has a background in computer software engineering, and Aleksander has experience in security, board governance, and blockchain gaming.
In Axie Infinity, players can collect, raise, and battle Axies. They can also breed Axies, which have over 500 different possible body parts and can be traded as unique digital items, or NFTs.
Axie Infinity Shards (AXS) are the game’s digital currency. You can use AXS for purchases in the game and to vote on platform changes. The total supply of AXS is capped at 270 million tokens.
AXS tokens can be traded on various exchange platforms, including Binance, Huobi Global, and Coinbase.
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