For example, breeding tokens are paid in part to AXS, which is subsequently incorporated into the public purse.ĪXS owners can also deposit their tokens to generate income on the management platform, enhancing AXS' core asset holdings. Like many management tokens, AXS also redistributes value within the ecosystem. While SLP has an unlimited number, AXS is limited to 27 million.
They can vote for any update and communicate their decision to use the community coffers.ĪXS manages the Axie ecosystem on a meta-level. The AXS token allows its holders to directly influence the Axie Infinity ecosystem. This breeding limit also limits the growth of all Axies to a known maximum, making digital pets rarer and more valuable. Axies have a breeding limit, another factor affecting utility, which decreases each time they breed. The probabilistic combination of the characteristics of the two parents, controlled by the game's genetic algorithm, is what determines the characteristics of the newborn creature.įor these reasons, Axies tend to reproduce at the same level of rarity and overall utility. This is paid for in part with the AXS control token. To breed a new Axie, you need the SLP game currency as well as the breeding fee. Ultimately, it depends on characteristics, capabilities and resources.
The utility of Axies is largely determined by their usefulness in battle.
Rarer still are the Mythicals, which represent a minor class of the original series and make up one third of it. It should be noted that there is a special supply of Origin Axies, which is strictly limited to 4,000 copies. However, not all Axies are the same: their value is determined by a combination of rarity and utility. The breeding of Axies is a way to earn money in the game, as new Axies can be sold on the market in exchange for ETH. The game relies on a system that includes two service tokens: an in-game currency (LPT) and a control token (AXS). However, the developers claim to have taken inspiration from such giants as Pokémon and Tamagotchi. Sound familiar? Sure, we saw it a few years ago with CryptoKitties virtual kitties. Each Axie is an ERC 721 token with unique characteristics that affect its rarity and utility in the game. Let's take a closer look at AXS and examine what has led to these unprecedented costs.Īxie Infinity is a complex game ecosystem based on NFTs with different levels of rarity and utility, created through algorithms. As recently as a week ago, its value was hovering around $140. One example is the Ethereum Axie Infinity blockchain-based gaming ecosystem Axie Infinity, and its AXS token.Īt the time of writing, the token is trading at $148.45, with a supply of 60,907,500 AXS. There is so little in the cryptocurrency industry today that little-known projects and coins are breaking through the ceiling and attracting a large number of users.
The currently observed stagnation of the cryptocurrency market continues to falter.
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