![]() In their latest update, the team reiterated their focus on three main components: rewarding value creation, co-creation and co-ownership. The game uses play-to-earn mechanics to reward players with Smooth Love Potions, empowering communities around the world. Third party organizations like Yield Guild Games are building tools and communities to really turn people into gamers earning income by playing Axie Infinity.Īxie Infinity moved to the Ronin sidechain earlier this year, and launched staking of their AXS governance token earlier this month. The organization and economics behind this, is also becoming more professional. Among those countries the Philippines is leading the pack. ![]() In short, you need three $200 Axies to play and earn SLP tokens.Įarning SLP tokens has become a source of income for people in developing countries. SLP has a demand, while the floor price for an Axie NFT is right now more than $200. In addition parent Axies can only breed children a limited amount of times. Players need to use SLP to breed new Axies. In the game players need to use 3 Axie NFTs to battle opponents and earn Smooth Love Potions (SLP). The tactical battle game uses its own, native Ronin sidechain. Let’s quickly talk a bit about Axie Infinity. In addition RON servers as a governance token for the Ronin ecosystem, which will likely become a blockchain for more than just Axie Infinity alone. Transactions are free for now, but in the future you will need to pay a little bit of RON for every transaction. The reward system will activate later this week, the reward pool gets spread out over a 90-day period. This is 10% of the total supply of 1 billion RON. Sky Mavis has 100.000.000 RON as a reward for liquidity providers. Depending on your share of the people, you will earn a share of the swapping fees and the RON tokens. For example, for the WETH-AXS pool you will need to provide AXS and WETH in equal amounts. To provide liquidity you will need to deposit two tokens. That means that everybody can provide liquidity and earn rewards for that. Katana is a DEX, or decentralized exchange. These tokens can then be swapped against WETH or other currencies. Playing Axie Infinity they can earn Smooth Love Potions, or SLP tokens. Thanks to Katana users in the Axie Infinity community, more than 2 million people, will gain access to easy swapping methods. ![]() Those who deposit the named assets in the platform’s liquidity pools, will earn both a share of the trading fees and RON tokens. Users can deposit USDC, WETH, SLP and AXS on the sidechain, and then swap tokens or provide liquidity without worrying about high gas fees. Sky Mavis has launched its own decentralized exchange, Katana, on their Ronin sidechain. What’s the Play-to-Earn Business Model? expand_more.What is Learn and Earn Crypto? expand_more.How to Get Started in Play-to-Earn expand_more.The Sandbox Review & Crypto Game Guide expand_more.Spider Tanks Guide: How to Play, Features, Pros and Cons expand_more.Illuvium Guide: How to Play, Features, Pros and Cons expand_more.ev.io Review & Crypto Game Guide expand_more.Blankos Block Party Review & Crypto Game Guide expand_more.Axie Infinity Review & Game Guide expand_more. ![]() AXS set an all-time high of $162 less than a week ago, and has skyrocketed over the course of 2021, rising from a price of under $0.60 on January 1. The game’s AXS governance token is also up today, rising 10% over the last 24 hours to a current price above $150. SLP is key to the monster battling game’s play-to-earn model, as users earn token rewards for competing against other players online and can swap the tokens for other cryptocurrencies. RON rewards will be activated for the AXS/ETH & SLP/ETH pools later this week.įull article □ /QXmEs5YfOjĪccording to a post from Sky Mavis, Katana is designed to simplify the process of moving funds around the Axie ecosystem and minimize fees, as well as increase liquidity for assets and “reduce our reliance on other parties by becoming the largest exchange for our ecosystem’s tokens.”Īxie’s SLP token has pumped significantly since Katana’s launch this morning, and is currently up 74% to a price of nearly $0.12 per token, per CoinGecko. You can now deposit liquidity and swap tokens. Today, we take one step closer to a more prosperous future for our nation ✨
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