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Phil Hall
Phil Hall
Oct 26, 2020

Axie Infinity Governance Token Launching on Binance

Axie Infinity will launch their governance token Axie Infinity Shards through the cryptocurrency exchange platform Binance.
Axie Infinity Governance Token Launching on Binance

Axie Infinity will launch their governance token Axie Infinity Shards through the cryptocurrency exchange platform Binance. The AXS token, pronounced 'access', will go for sale on Binance Launch Pad for $0.10 per token. All players who participated in the Axie Infinity universe will receive AXS based on their past activity.

Everybody who played Axie Infinity in the past, everybody who own Axies or virtual land in Lunacia and everybody who traded through the official marketplace will get governance tokens. However, the team didn't reveal details about the AXS airdrop. They did publish a whitepaper about AXS and Axie Infinity.

Investors who want to buy the AXS token on Binance, will need to own BNB. BNB token holders need to stake those tokens to acquire raffle tickets. Each winning raffle ticket allow the holders to buy a maximum of 200 dollars worth of AXS. November 3rd users can claim their raffle tickets, while the lottery draw happens one day later.

The total token supply is set to 270 million AXS. Binance will receive 29.7 million (11%), while the initial circulating supply will be 22 percent of the total supply.

Staking AXS

In the near future players can earn AXS tokens by winning battles in Axie Infinity. In addition gamers are likely to earn AXS by completing dungeons, winning tournaments, interact and tending land, using Axie products and creating content. Token holders can stake these tokens to vote on governance decisions. Stakers earn AXS for their staking activity as well, creating a second way to acquire more tokens.

In early 2021, a Community Treasury will go live and begin to receive distributions from Axie Infinity’s products as well as a portion of staking rewards. This treasury will be governed by AXS stakers once the network has become sufficiently decentralized. The treasury will be filled with funds acquired from breeding and trading on the marketplace.

Axie Infinity at Play to Earn Game Festival

Sky Mavis will showcase their hit game Axie Infinity at the Play to Earn Game Festival. Visitors of the festival will be able to learn about the turn-based pet battle game, while delving deeper into a gaming universe where item ownership is key. The Play to Earn Game Festival starts on November 2nd.

“The Play to Earn Gaming Festival is looking like one of the most exciting blockchain gaming events this year. We are excited to share some more information about our upcoming governance token”, said Aleksander Leonard Larsen, COO and co-founder of Sky Mavis at the beginning of this month.

What is Axie Infinity?

Axie Infinity is a tactical battle game in which two players fight each other using a team of cute creatures called Axies. These little weird balls of joy live in a world called Lunacia, and they come in all kinds of shapes in sizes. Their characteristics influence which moves they are capable of performing. They can be damage dealers, healers, or bad ass tanks.

Axies are deadly cute, that is an undeniable truth. But Axies are not only just cute, their appearance are almost unique. It is difficult to find two look-alike Axies since their body parts have various forms and shapes. There are more than 500 Axie’s body parts. Axies’ body and parts are classified into classes including Beast, Plant, Bug, Bird, Reptile and Aquatic, and more in future release. Moreover, the parts also come with four levels of rarity, which are Common, Rare, Ultra Rare, Legendary.

It is the battle system that makes Axie Infinity stand out. Axies will take turn to fight in a 3v3 battle. The Axies fight for their own will, but to win the victory, players need to a real strategist, from wisely choosing appropriate Axies for their team to placing them at the tactical positions.

Disclaimer: The information provided on this page do not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Individuals should do their own research before taking any actions related to the product they read about and carry full responsibility for their decisions.
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