What can you do with AXS?

Region: Europe
Oct 13, 2021, 9:00:00 AM Published By Wirex Team

Like online gaming? Then you’ll love Axie Infinity!

Axie Infinity is an NFT-based video game that brings cryptocurrency and gaming together. It uses a play-to-earn model, which enables players to earn crypto in-game after completing certain actions, such as participating in and winning tournaments.

Axie Infinity runs on blockchain technology, which itself can be confusing and a little intimidating to those who aren’t familiar with it. That’s why the game aims to introduce it to the mainstream in a fun and educational way.

The world of Axie is a big one, so it can be easy for first-time players to get overwhelmed when they first start out. So, we’re going to look into how Axie Infinity works, and what you can do with its native token, Axie Infinity Shards (AXS).

  • Collecting Axies – The aim of the game is to collect, breed, raise, battle and trade creatures known as “Axies”. Think of it like Pokemon, but with fantasy creatures. Axies are non-fungible tokens (NFTs), meaning each one is a unique digital collectible that cannot be copied or forged
  • AXS Token – AXS is a cryptocurrency that powers the Axie Infinity game. These tokens can be earned through breeding, raising and battling Axies and participating in other in-game activities. You can also exchange your AXS tokens for other currencies. Staking and governance – You can lock up your AXS to receive rewards in the form of newly-created AXS tokens
  • Staking your tokens also gives you the power to vote on proposals to improve the Axie Infinity game. In order to claim rewards, you’ll need to play the game and participate in key governance votes
  • Investments – Axie Infinity isn’t made solely for investors. Rather, it aims to be owned and operated entirely by a community that encourages token holders to play the game. In other words, while its possible for investors to earn money from AXS if its value increases, Axie Infinity players earn more by actively participating in the game

Axie Infinity has seen great success since its launch, being ranked the #1 Ethereum game based on its number of active users, as well as generating over 13,000 ETH tokens so far. The AXS token has also seen a significant rise in value, which is predicted to shoot up to $200 by the end of 2022.

We’re super excited to have the AXS token on board. Buy yours in the Wirex app at exclusive OTC rates and get your game on today!

Plus, for a limited time only, you can earn €5 (EEA) or US$5 (APAC) in WXT when you buy at least €50/US$50 worth of AXS in-app. So, don’t miss out!