Axie Infinity (AXS) is an online game developed and owned by Sky Mavis. AXS is a play-to-earn (P2E) environment that generates revenue from the platform through the use of NFTs and Bitcoin.
Kalkulator Axie Infinity ke Rupiah (AXS to IDR)
Konversi Harga Axie Infinity hari ini ke dalam Rupiah sebaliknya.
Key stats
Market Capitalization
IDR 15.320.397.038.119
Trading volume 24H
IDR 1.961.326.728.953
Volume / Market Cap
12,80206200970498464642 %
Fully Diluted Valuation
IDR 26.366.972.451.690
All time high
IDR 2.361.310
Circulating supply
AXS 156.882.145
Max supply
AXS 270.000.000
Total supply
AXS 270.000.000
About Axie Infinity (AXS)
Axie Infinity is an online game developed and owned by Sky Mavis, a blockchain development company specializing in creating games with player-owned economies. When talking about Axie Infinity, the definition is the main topic of discussion.
It is essentially a play-to-earn game that generates revenue for the platform through the use of NFTs and Bitcoin. The Axies, or virtual animals in the game, are generated and used by Axie Infinity using its unique Ethereum-based coinage. These virtual beings, commonly referred to as Axies, serve as NFTs and provide gamers with distinct ownership documentation.
Axie Infinity Shards (AXS) serve as the ERC-20 governance token for the Axie Universe. This token can be thought of as the game’s native money, and owners can earn rewards by staking their tokens, playing games, and taking part in important governance decisions.
Sky Mavis made a calculated decision to decentralize Axie Infinity’s ownership and governance with the launch of AXS tokens. This deliberate change attempts to match the goals of the game developers with the players who are actively participating in the community.
Axie Infinity (AXS) Working Mechanism
In the Axie Infinity ecosystem, Axie Infinity Shards (AXS) and Smooth Love Potions (SLP) emerge as the two primary tokens. Serving as the native currency within the network, AXS is employed to reward players and manage the platform. On the other hand, SLP functions much like experience points within the gaming dynamics.
Notably, SLP operates as ERC-20 tokens, ensuring compatibility within the broader Ethereum blockchain network. Players are rewarded with SLP at the conclusion of each battle, with its significance highlighted in the breeding process of Axies. The games also offer an endless reserve of Smooth Love Potion, enabling players to breed additional Axies, use them in upcoming battles, or participate in trades on the marketplace.
Uniqueness of Axie Infinity (AXS)
Axie Infinity goes beyond gaming and spans various industries. In the gaming sector, users can buy, sell, and train digital creatures called Axies, engaging them in battles for crypto rewards. The platform also extends to virtual farming, where users own lands to nurture their Axies, providing an educational space for children to learn about farming.
The unique attributes of each Axies make them valuable, creating a marketplace for trading these digital creatures. Axie Infinity also delves into Decentralized Finance (DeFi), allowing users to trade digital assets for crypto, potentially introducing DeFi solutions like loans and insurance.
The platform’s versatility reaches the creative industry, enabling users to express creativity through virtual artworks and sculptures, fostering unique opportunities for digital art trade and ownership.
Advantages and Disadvantages of Axie Infinity (AXS)
Playing with NFT and blockchain technology, Axie Infinity is one of the biggest play-to-earn game, therefore Axie Infinity offers numerous benefits for users, such as:
- Unique Collections : Collecting digital creatures to own, engage in battles, and breed.
- P2E Environment : Players can earn AXS & SLP token, which can be converted to money by playing this game.
- Community : A lively and engaged community of players exists, where they have the opportunity to trade, engage in battles, or breed Axies.
- Transparency : The platform incorporates an internal auditing system to verify the precision and security of Ethereum (ETH) transactions.
On the other hand, there are also the disadvantages of Axie Infinity, such as:
- Cost : The game can be costly, Axies NFT could cost hundreds of dollars.
- Volatility : AXS and SLP token can be volatile, therefore may increase or decrease the value of your asset.
- Complexity : The game is complex and requires significant amounts of time and effort to understand fully.
Features of Axie Infinity (AXS)
Beyond its role as a transactional currency on the game’s NFT marketplace, AXS also provides additional utility. Players have the option to stake AXS and allow users to earn rewards through there. Also, AXS serves as a governance token, allowing token holders to vote on the future development of the gaming experience.
Key Figures in Axie Infinity (AXS)
Axie Infinity, introduced in 2018, was crafted by Sky Mavis, a technology-oriented game development company headquartered in Vietnam. The co-founders of this team are Trung Nguyen, who currently serves as the CEO, and Aleksander Larsen, the COO.
Trung Nguyen possesses a Bachelor of Science degree in computer software engineering and formerly worked as a software engineer at Anduin Transactions before the creation of Axie Infinity. On the other hand, Aleksander Larsen, a former competitive game player, has been actively involved in blockchain games since 2017.
Prior to this, he held the position of an executive security officer for the Norwegian Government Security Organization. Additionally, Larsen continues to fulfill the role of Secretary of the Board of Directors at the Blockchain Game Alliance.
History and Development of Axie Infinity (AXS)
The development of the game dates back to early 2018, driven by the collaborative efforts of Trung Thanh Nguyen, and Aleksander Leonard Larsen, who later co-founded the gaming studio Sky Mavis following year. They shared a vision to create a more dependable alternative to early iterations of blockchain-based games.
In February 2018, a sale of Axies was conducted, resulting in the adoption of 3,112 creatures in exchange for Ethereum, marking the initial steps in bringing the game to life. To expedite the development of Axie Infinity, Sky Mavis secured $1.5 million in funding in November 2019.
AXS and SLP were initially built on Ethereum blockchain (ERC-20), while Axies as ERC-721 token. Subsequently, Sky Mavis introduced Ronin, a permissioned Ethereum-compatible sidechain designed specifically for hosting the game. The transition of Axie Infinity to Ronin commenced in April 2021.
The in-game governance token, Axie Infinity Shard (AXS), can be acquired either through purchase on crypto exchanges or by earning it within the game. The token gained notable traction among crypto enthusiasts in July 2021, experiencing an impressive 650% surge in a month. AXS maintains a fixed supply of 270 million, following a predetermined allocation and unlocking schedule.
How to Buy Axie Infinity (AXS)
Interested in purchasing this particular crypto asset? You can buy Axie Infinity (AXS) by following these steps:
- Install Nanovest app on the App Store or Play Store.
- Register according to the instructions.
- Verify your identity for security and convenience when buying crypto through the KYC feature which you can do in just 1 minute.
- Top Up your balance to your Nanovest account.
- Go to the Crypto menu, search and select Axie Infinity (AXS).
- Click the Buy button and confirm the purchase with your desired amount. You can start with only IDR 5,000.
Before investing in the crypto asset, be sure to conduct research and analysis first. You can do this by checking the crypto asset profile, industry conditions, monitoring price movement trends, and observing its liquidity and trading volume. Performing this analysis is crucial so you can formulate an accurate investment strategy and minimize losses.
Is it Safe to Buy Axie Infinity (AXS) on Nanovest?
Absolutely. Nanovest is supported by a number of professional partners with a strong reputation for providing quality services. One of these includes the technology backing of the S-Quantum Engine by Sinarmas Financial Services.
For global and US stocks, Nanovest collaborates with brokers registered with the Financial Industry Regulatory Authority (FINRA) in the United States – which ensures Nanovest users’ broker accounts up to US$500k by the Securities Investor Protection Corporation (SIPC) in the United States.
As for crypto assets, Nanovest is an Indonesian crypto exchange registered with the Commodity Futures Trading Regulatory Agency (Bappebti). The Nanovest platform itself is also insured through a partnership with Sinarmas Insurance.
Disclaimer
All content on this website is for informational purposes and doesn’t constitute a recommendation to buy/sell any stock or crypto. Investors should understand the nature of stocks and digital assets, including return and risk requirements of the assets. We encourage investors to fully understand the assets and risks before making any investment. Always do your own research.
See More Crypto Assets
News & Articles
