![]() The maximum supply of AXS is capped at 270 million tokens. AXS is an acronym for ‘Axie Infinity Shards’. AXS is an ERC-20 governance token launched through a sale on Binance in November 2020. In 2020 land and items and later Axies migrated to Ronin, a wallet and an Ethereum sidechain built by Sky Mavis specifically for blockchain games.ĪXS is the native token of the Axie Infinity ecosystem. In March 2018, the in-house Axie-NFT marketplace was released. The origin Axie presale was held in February 2018 raising 900 ETH. ![]() They are also non-fungible tokens (NFTs) with different attributes meaning that each of the over 1 million Axie NFTs is unique. To provide security the company’s AXS and SLP ERC-20 contract has been audited by Quantstamp.Īxies are animated fantasy creatures each having a unique form, set of skills and powers, which players can buy and treat as pets. The final purpose of the Axie team is to create an application connecting players with the entire Axie Infinity universe.Īll of Axie's artistic assets and genetic data can be accessed by external third parties, allowing community developers to create their own tools, artworks, characters, and experiences in the Axie Infinity universe. This is planned to be achieved by distributing AXS (the game token) among players and stakers decreasing the Sky Mavis ownership concentration over time. The game is intended to become a fully decentralized platform governed by the community. Its goal is to introduce blockchain technology to the world in a fun way. The game is available for all devices on Windows, Mac, iOS, and Android platforms and allows participants to earn tokens through skillful gameplay and contributions to the ecosystem.Īxie Infinity is a new type of game where users and the team are coworking to develop the network. It is being developed by Sky Mavis, a technology-focused game studio founded in early 2018 and headquartered in Ho Chi Minh City, Vietnam. Over the past eight months, the number of AXS tokens held on centralized entities has reduced from 20 million to 2.8 million.Axie Infinity is a Pokémon-style blockchain game with more than 250,000 daily active players. ![]() Generally, a spike in this metric is used to speculate the sell-side pressure and for AXS, this number has been nosediving. While not all of the tokens on exchanges are there to be sold, some are present as collateral for traders. The supply of a particular token on an exchange can be used to gauge the potential sell-side pressure. ![]() Despite this massive drawdown AXS seems to be positioned perfectly to a bullish future based on three on-chain metrics. This exponential upswing has since retraced roughly 72% to where it currently trades – $46.45. Axie Infinity coin and its bullish futureĪxie Infinity price rallied 5,677% in less than five months, setting an all-time high at $165.25. Some of these coins include Decentraland (MANA), Sandbox (SAND), Enjin (ENJ), Axie Infinity (AXS) and more. This decision marked the beginning of a significant bull run for tokens in the metaverse space. Metaverse tokens gained quite a bit of notoriety after Facebook’s rebranding in 2021.
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