What is Axie Infinity (AXS)?

Website: https://axieinfinity.com/

Max Supply: 270,000,000 AXS

Total Supply: 270,000,000 AXS

Circulating Supply: 60,907,500.00 AXS

Explorer: Axie Infinity Explorer  

Whitepaper: Axie Infinity Whitepaper

What is Axie Infinity (AXS)?

Axie Infinity is a blockchain-based trading and war game partially owned and operated by its players. Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, upgrade, fight and trade token-based creatures known as Axies.

These Axes can take various forms and there are more than 500 different body parts, including water, beast, bird, insect, plant and reptile parts. Pieces from each species class can come in four different rarity scales, these are; common, rare, ultra rare, and legendary. Axies can have any combination of body parts, making them highly variable and often rare and unique.

Each Axie is an unchangeable token (NFT) with different attributes and powers, and the winning team can be entered into 3v3 battles by earning more experience (exp) points, which are used to raise an Axie's stats or improve body parts. These Axes can be combined to produce new and unique offspring that can be used or sold in the Axie market.

The Axie Infinity ecosystem also has its own unique management token known as Axie Infinity Shards (AXS). These are used to participate in key management votes and give owners a say in how funds in the Axie Community Treasury are spent.

Who are the Founders of Axie Infinity?

Axie Infinity was created in 2018 by Sky Mavis, a tech-focused game developer with a team primarily based in Vietnam. It was co-founded by Trung Nguyen and Aleksander Larsen. Trung Nguyen is the current CEO of the platform. Nguyen graduated with a bachelor's degree in computer software engineering and worked as a software engineer at Anduin Transactions before founding Axie Infinity.

Former competitive player Aleksander Larsen is also credited as the platform's co-founder and COO. Larsen has been working in blockchain games since 2017. He previously served as a senior security officer at the Norwegian State Security Organization and is currently the Secretary of the Board of the Blockchain Gaming Association.

In total, the Axie Infinity team consists of 25 full-time employees, most of whom have experience in game development.

What Makes Axie Infinity Unique?

Each Axie has six out of hundreds of different potential body parts, each with their own combat move. This produces essentially infinite variation between Axes, most Axes have relatively weak stats while those with the strongest combination of body parts can have incredible stats.

Unlike some other blockchain-based combat and breeding games, each Axie can only be spawned a total of seven times to help control the Axies population. Axie Infinity has its own mating center to help players find a suitable match to breed their Axie for the best chance at producing a rare or strong offspring. It costs 0.005 ETH in addition to Small Love Potion (SLP) tokens to produce Axies.

AXS token holders will soon be able to stake their tokens to receive regular rewards. However, unlike some other stocks, AXS holders will be required to vote and play to claim their rewards.

How Secure is the Axie Infinity Network?

The Axie Infinity (AXS) token is an ERC-20 token launched on the Ethereum blockchain. As a result, Ethereum's proof of work (POW) is secured by the consensus mechanism.

In early 2021, Axie Infinity plans to migrate NFT tokens, including Axies, Land, and other in-game item tokens, from the Loom Network to a specially created sidechain on Ethereum known as Ronin. Ronin is an app-specific sidechain built exclusively for Axie Infinity. It is developed by Sky Mavis, the development firm behind the Axie Infinity game, and is designed to support near-instant transaction confirmations, low gas fees, and help scale Axie Infinity.