Overview of the Axie Infinity platform: history of creation, pros and cons, prospects for the development of the project. AXS and SLP

Infinity - what is it?

Axie Infinity is a play-to-earn card game that uses non-fungible tokens (NFTs) and virtual currencies. Most commonly, Aksi Infinity is depicted as a Pokémon-style game where players interact with virtual pets named Aksi rather than Pokémon. NFT is Axi, as well as objects inside the game, and SLP and AXS cryptocurrency tokens are in-game money. Individuals can easily trade their Axies and exchange the digital tokens they have purchased for fiat money. Thus, it allows gamers to get back the monetary value they have earned while enjoying the game.

Programmers often make money from regular games by selling in-game products or perks to users. For example, the producers of Axie Infinity make money by charging for in-game activities such as selling on the market and breeding Axies. This creates increased incentives for both gamers and creators to work on making the game as innovative as possible and to attract more players to the system. Over the past year, the gaming industry has earned over $1,300,000,000 in revenue, and the trading volume on the platform has increased to $4,000,000,000.

In the adventure mode, gamers can rank up their Axis by climbing the ladder and advancing through numerous stages. You can also choose an arena mode in which you will face other site users using their Axies.

When and by whom was Axie Infinity created?

Axie Infinity started its history even before NFT became popular, namely in March 2018. The game is developed by Sky Mavis and is run by Trung Nguyen (CEO). In addition to this lead man, the project is led by COO Aleksander Leonard Larsen, head of growth Jeffrey Zirlin, art director and game designer Tu Doan and Viet Anh (Andy) Ho. All of them founded Sky Mavis in Vietnam in 2018, since then it has been one of the top game development companies. 

Understanding how Axie Infinity works

Without a clear understanding of how Axie Infinity functions, you may have doubts about the gameplay. Axie Infinity is developed on the Ronin network, an Ethereum sidechain. The chain contains all the assets of the game - Smooth Love Potion (SLP) and Axie Infinity Shard (AXS), including Axies in-game assets and digital lands serving as NFTs.

Token Smooth Love PotionSLP is in-game money earned by players as they play. Other than that, AXS is like company securities. Aksi empowers its investors with leadership authority and allows them to make decisions about upcoming projects. Gamers can also win tokens by playing if they are among the top 300,000 of all participants in the arena format (PVP).

Although the Ronin system is very active on the market today, it only supports Axie Infinity, which proves the game's appeal.

Aksi Infinity features Pokémon-like characters known as Aksi. 

Axis are user-generated and carry unique proof of purchase and ownership, which is why they are portrayed as NFTs. By using Axies as an NFT, the game secures ownership of the game's assets. At the same time, the uniqueness of Axi also leads to scarcity, which increases their value.

Would you like to know how to play Axie Infinity? Then you should clearly understand what SLP or Smooth Love Potion is. SLP is an integral part of the gaming ecosystem, which is more like in-game experience points. Now you have to remember that SLPs are ERC-20 tokens. Players receive SLP at the end of each battle, and this is important for Axi breeding. Interestingly, the game offers an unlimited supply of Smooth Love Potion. Players can breed their Axis to create more and use them in future battles or sell them on the market. 

What is Axie Infinity cryptocurrency? AXS and SLP

tokens Axie Infinity has 2 tokens:

Axie Infinity Shards (AXS) is an ERC-20 based game management token. Axi token contributes to the creation of a decentralized gaming environment. Each player can dispose of his tokens as he wants, including selling, in order to eventually withdraw them for real money. Axie Infinity holders can influence the main decision-making voices within the environment by providing an opportunity for token holders to voice their opinion on the development of the platform. 

AXS tokens have a limited emission of 270,000,000. At the time of writing, the Axi rate is $9.39. The market capitalization is $942,241,239 and the daily trading volume is $ 

149,583,572. Axie Infinity wants to become a DAO (Decentralized Autonomous Organization) in the future so that they can manage the community.

Distribution of AXS tokens:

• 29% - staking reward; 
• 21% - owned by Sky Mavis;
• 20% - rewards in the game;
• 11% - open sale;
• 8% — ecosystem fund;
• 7% are advisers;
• 4% - private sale.

Small Love Potion (SLP) is a token that is given to each player for the amount of time each of them spent in the game. Also, Aksi Infiniti can be earned if you defeat an opponent or when you complete a task in the quests of the game. 

Axie Infinity game: where to start the game?

In order to start the first game in Axie Infinity, the player should acquire three Axie NFTs. Prices for individual Axis are becoming very affordable every month, but anyway, some of them cost about 250-300 US dollars. The most inexpensive Axis cost around $30. It is worth knowing that you can sell your Axies, and they can also bring you a reward during the game.

Since Axi Infinity has transferred their assets from Ethereum to the Ronin sidechain platform, it will now be necessary to create a Ronin crypto wallet and an Ethereum wallet. Next, you need to set up Ronin's personal crypto wallet in order to use it to move Ethereum to Ronin, where it will become wrapped Ethereum - WETH. You can then use this to purchase Axi. 

Aksi Infiniti, like any game, starts with registration, after which you need to download the game itself to your computer. In addition, Aksi Infiniti can be played from your smartphone after downloading the mobile application from the game developers. 

You also need to link your Ronin crypto wallet with your personal account in the game, then synchronize Axi in your wallet with the game in order for the game to start.

Advantages and Disadvantages of Axie Infinity

Pros:

• The main advantage of Axie is that they are inherently NFTs (non-fungible tokens). 
• The game interface is very simple and clear.
• The game belongs to the Play to Earn concept, so it does not repel users in any way, but only attracts them. You can earn AXS and SLP tokens based on Ethereum, or grow your Axi and exchange it for ETH, and it, in turn, into fiat funds.

Cons:

• The most significant disadvantage is the cost, since to start the game you must have three Axies, which cost from several tens to several hundred US dollars. For those who want to play this can be a significant factor, because not everyone is willing to pay to play.
• Another downside is the pay. There are only 2 ways - Ethereum and Axi. All transactions take place on the Ethereum blockchain, which has a great negative impact on the environment. 
• A large commission of 5% for the sale of tokens on trading platforms.

Where can I buy AXS?

You can buy Axie Infinity on well-known cryptocurrency exchanges, such as Binance, Huobi, Coinbase, KuCoin, Kraket, Gate.io, etc. It is also possible to buy Axies through crypto exchangers, including on our website Coin24.io. The prospects for the development of the Axie Infinity crypto coin

Axie Infinity appeared in 2018, but they received the greatest popularity by the end of June 2021 after they switched to the Ronin sidechain and announced a $7,500,000 Series A funding round. In addition, Sky Mavis is supported by leading game development company Ubisoft. The Sky Mavis team was trained in Ubisoft's Entrepreneur's Lab program, which helped with the launch of Ronin.was equal to $3,000,000,000. 

Mavisgrew almost 2 times - to $ 4,000,000,000, which cannot but speak of the development of the project and the interest of users in this crypt. It couldn't get past the hackers. And in the same March 2022, Axie was subjected to a global hacker attack when Ethereum and USDC were stolen in the amount of $552,000,000. Sky Mavis promised to return these funds, although the amount of stolen money had already become higher due to the appreciation - $662,000,000.

However, even this did not push users away from the Axie Infinity platform, and the project team itself continues to follow its roadmap. In 2023, Sky Mavis want to upgrade Axie parts. They are also working to create a single application that players can use to work with the entire world of Axie Infinity:

• social network;
• marketplace;
• pumping Axies;
• reproduction game;
• PvP with ladder and tournaments;
• PvE (adventure mode);
• ground gameplay (Ground gameplay) - players expand their kingdom, collect resources, attack chimeras and other players;
• Lunacia SDK - Enables developers to create games using existing Axie Infinity assets.