Payment: AXS is used to play games and as a means of payment. Axie Infinity, a perform-to-earn game primarily based on the Ethereum blockchain, has announced the launch of a staking system for its native token.Staking: AXS holders can stake AXS to receive weekly rewards.Governance: AXS holders can stake AXS to have the right to vote for desired features.Simply put, AXS is the governance token that supports system operations, and SLP is the currency used in the game.ĪXS is the cryptocurrency used in the entire Axie Infinity gaming platform, with the following primary purposes:
The Axie Infinity ecosystem simultaneously works with 2 tokens, AXS and SLP.
This section will break down each part of the AXS staking process, so read along to understand precisely how it works. Axies are encrypted into NFT and recorded on the Ethereum Blockchain network so that the player’s ownership of Axie is safe. The staking process on Axie Infinity is a four-part process that involves buying AXS, setting up a Ronin Wallet to send AXS to, creating a Ronin Bridge, and finally, the process of staking the AXS.
#STAKING AXIE INFINITY HOW TO#
If you are new to the game and do not know how to stake or unstake in Axie Infinity then you are in right place. Players do missions to collect Axies, team up to fight, and trade Axies with other players. Staking in Axie Infinity is a way to trade your Axie Shards or AXS tokens and earn amazing rewards in the game. In Axie Infinity, players collect and nurture imaginary creatures called Axies. Axie Infinity players who want to be able to purchase the games various NFTs may also find value in the AXS token. About Axie Infinity và AXS TokenĪxie Infinity is a fighting game built on the blockchain platform. Interest is paid daily in VNDC, calculated based on users’ AXS balances at 0:00 (UTC+7) each day. To extend users’ opportunities to increase profits when holding AXS, starting from January 7th, ONUS officially enables the Staking Daily feature for Axie Infinity Token (AXS).Īs a result, individuals with 0.1 AXS on the ONUS application will earn a profit of 3% each year, or 0.008% every day.
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