About Axie Infinity (AXS)
Axie Infinity (AXS) is a blockchain-based trading and battling game partially owned and operated by its players. Inspired by games like Pokémon, players can collect, breed, raise, battle, and trade token-based creatures known as Axies. AXS, or Axie Infinity Shard, is the native governance token of the platform, allowing holders to vote on key decisions and earn a share of the game's revenue.
Axie Infinity Frequently Asked Questions (FAQ)
What exactly is Axie Infinity and how does it operate?
Axie Infinity is a blockchain-based trading and battle game inspired by Pokémon, where players can collect, breed, raise, battle, and trade creatures known as Axies. It operates on a play-to-earn model that enables players to earn cryptocurrency rewards for their in-game achievements. The game uses Ethereum-based cryptocurrencies, AXS and SLP, for transactions, governance, and to incentivize player participation.
Who are the founders of Axie Infinity and what are their backgrounds?
Axie Infinity was founded by Trung Nguyen and Aleksander Leonard Larsen. Trung Nguyen is the CEO and has a background in software engineering, formerly working as a software developer at Anduin Transactions. Aleksander Leonard Larsen has experience in competitive gaming and blockchain, previously working as COO at Gimli and as a Board Member of the Blockchain Game Alliance.
Can you explain what makes Axie Infinity unique compared to other blockchain games?
Axie Infinity stands out due to its vibrant economy and community, where players can earn cryptocurrency rewards by battling, breeding, and trading fantasy creatures called Axies. It incorporates a play-to-earn model that allows players to potentially generate real income through gameplay. Its digital pets are NFTs with provable ownership and unique genetic signatures, leading to a robust breeding system. Additionally, Axie Infinity operates on the Ethereum blockchain with a sidechain (Ronin) to reduce transaction costs and improve scalability, making it one of the pioneering games in the NFT and blockchain gaming space.
How many times can a single Axie be bred in Axie Infinity?
A single Axie can be bred up to 7 times in Axie Infinity.
What is the role of Axie Infinity Shards (AXS) in the game's ecosystem?
Axie Infinity Shards (AXS) serve as the governance token within the Axie Infinity ecosystem, allowing holders to participate in key voting decisions and help shape the direction of the game's development. Additionally, AXS can be used to breed new Axies and is a reward for participating in various in-game activities and competitions. It is also part of the play-to-earn model, enabling players to potentially earn income through skilled gameplay and contributions to the platform.
How can players participate in the governance of Axie Infinity?
Players can participate in the governance of Axie Infinity by holding and using AXS (Axie Infinity Shards) to vote on key decisions and development proposals within the Axie Infinity ecosystem. AXS tokens represent a player's stake in the platform's governance process.
What are the gameplay modes available in Axie Infinity?
In Axie Infinity, players can engage in several gameplay modes, including Adventure mode (PvE), where players battle against computer-controlled monsters; Arena mode (PvP), where players face off against each other in competitive matches; and Breeding, allowing players to breed their Axies to create new ones with potentially different traits and strengths. The game also features special events and tournaments with additional gameplay options and rewards.
What is the maximum supply of Axie Infinity (AXS) coins?
The maximum supply of Axie Infinity (AXS) coins is 270 million AXS.
How does the Ronin Network improve Axie Infinity's scalability and user experience?
The Ronin Network, a sidechain tailor-made for Axie Infinity, enhances scalability by allowing for faster transactions and lower fees than the congested Ethereum mainnet. This provides a smoother and more affordable gaming experience, reducing barriers to entry and making it easier for users to engage in the Axie ecosystem.
What security measures are in place to protect the Axie Infinity network and its tokens?
Axie Infinity employs multiple security measures to ensure the safety of its network and tokens, including smart contract audits, bug bounty programs, end-to-end encryption for data transmission, and secure login mechanisms like two-factor authentication (2FA). In addition, they collaborate with reputable security firms to regularly assess and enhance their security infrastructure.
How does the Play-to-Earn model work within Axie Infinity?
In Axie Infinity's Play-to-Earn model, players can earn rewards by participating in various in-game activities. Players breed, raise, and battle fantasy creatures called Axies to earn Smooth Love Potion (SLP) tokens, which are essential for breeding Axies and can be traded on various cryptocurrency exchanges. Players may also engage in land-based gameplay and earn governance tokens called Axie Infinity Shards (AXS), which represent a share of the game's universe. These tokens can be used for decision-making in the game's ecosystem or sold for real-world money, providing tangible economic benefits for players' time and effort within the game.
What is the purpose of the Axie Infinity's built-in mating hub?
The purpose of the Axie Infinity's built-in mating hub is to allow players to breed their Axies together. It serves as a platform where players can select mating pairs, facilitate the breeding process, and produce new offspring Axies with potentially unique trait combinations inherited from their parents.