HomeCrypto Q&AWhat Is Axie Infinity (AXS)?

What Is Axie Infinity (AXS)?

2021-02-03
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Axie Infinity is a blockchain game built on the Ethereum network and utilizing Ronin sidechain scaling solution. It has attracted numerous players worldwide with its unique Axie character NFTs and dual-token economy model featuring AXS and SLP tokens. The game allows players to earn real-value token rewards through battling, breeding Axies, and trading in-game assets, pioneering a new "play-to-earn" business model. As AXS tokens grant governance rights to players and SLP tokens serve as tools for breeding and incentivization, the game has evolved into a highly interactive and self-governed community ecosystem, demonstrating the vast application prospects and commercial potential of blockchain technology in the gaming industry.

Axie Infinity: The Rise of a Blockchain Phenomenon from Creative Gaming

Since Cryptokitties paved the way in blockchain gaming, Axie Infinity, a game masterpiece crafted by Vietnamese startup Sky Mavis on Ethereum network, emerged in 2018. Born out of accidental inspiration, this game project has undergone continuous iterations and innovations to attract countless players worldwide, becoming a highly representative Ethereum ecology game.


In the core economic system of Axie Infinity, AXS shards (AXS) hold paramount importance. As an ERC-20 governance token, AXS officially launched in November 2020. It serves not only as the circulating currency within the ecosystem but can also be obtained through various means, including direct purchase, market transactions, and rewards earned from participating in battles and seasonal competitions. At the end of each season, players who rank high on the leaderboard have the chance to win AXS as recognition for their outstanding performance.


Furthermore, Axie Infinity boasts other unique forms of crypto assets, such as Axies issued under the ERC-721 standard. These are one-of-a-kind and collectible in-game assets. Meanwhile, Smooth Love Potion (SLP), an ERC-20 token, plays a critical role in the game. SLP makes Axie Infinity a genuine earn-to-play game, allowing players to accumulate SLP tokens steadily by engaging in various challenges and missions, thus creating a new gaming experience where they can play and earn simultaneously.

Axie Infinity Game Mechanics and Core Ecosystem

Axie Infinity is an innovative game built on blockchain technology. Its core gameplay revolves around a series of characters called "Axies." These Axies are not traditional virtual characters but digital assets in the form of non-fungible tokens (NFTs) with unique attributes and value. Players can own, control, and trade Axies, storing them in personal wallets or freely buying and selling them on blockchain markets.


The game offers two primary game modes for players to choose from. The first is Adventure mode, or Player versus Environment (PvE), where players need to build their own teams of Axies to challenge various monsters in the Lunacia kingdom, winning battles through strategic placement. The second is Arena mode, or Player versus Player (PvP), where players worldwide can engage in real-time matches, battling each other's Axie strength.


Upon victory in combat, players receive an ERC-20 token reward called Smooth Love Potion (SLP). SLP is a crucial resource for Axie breeding and growth within the game and can also be traded on platforms like LBank, providing additional earning opportunities for players.


However, the initial entry barrier for Axie Infinity is relatively high due to the expensive market price of Axies themselves and high gas fees on the Ethereum network. To address this issue, Sky Mavis developed the Ronin sidechain, which serves as an extension solution for Ethereum, significantly reducing transaction costs and complexity. This allows more new players to join this vibrant and potentially lucrative gaming ecosystem.

AXS Token Functionality and Distribution Mechanism

In the economic system of Axie Infinity, Axie Infinity Shards (AXS) play a central role. As a governance token, AXS holders not only have voting rights on future development decisions of the game but also can earn additional rewards by staking AXS. These rewards come from the community vault, which is funded by fees paid by players for purchasing in-game items.


The total supply of AXS is limited to 270 million and follows a specific distribution plan. A portion of it is released to the market through public sales to attract early investors and community support; another part is dedicated to in-game coin-earning functions to incentivize player participation and contribution; the remaining part belongs to the development team Sky Mavis and project advisors. The initial supply of AXS at the first public sale is less than 60 million.


Over time, the issuance of AXS tokens will gradually increase according to pre-set rules until 2026, ensuring the healthy development of the ecosystem and continuous release of token value. Through this rigorous token economy model, Axie Infinity aims to achieve a balance between community involvement, game revenue, and long-term sustainability.

The Value and Use Cases of AXS in the Axie Infinity Ecosystem

In the thriving blockchain game, Axie Infinity, the Axie Infinity Shards (AXS) are not only a vital component of its economic system but also carry the vision of building a sustainable, autonomous, and active community ecosystem. As the daily active player count breached the one million milestone in August 2021 and approached two million just two months later, the value and application scope of AXS have significantly increased.


As a governance token, AXS plays multiple roles within the game. Holders can earn AXS through participating in various in-game activities and can further enhance their influence and revenue sources by staking AXS to receive additional rewards. Moreover, AXS holders have the ability to participate in critical game development decisions, directly impacting the game's future direction.


With the continuous expansion of the Axie Infinity player base, the acquisition channels for AXS and SLP tokens have become increasingly diverse, including completing challenges, winning battles, breeding Axies, and trading on the market. These tokens can be exchanged for other cryptocurrencies on cryptocurrency exchanges, allowing many players to achieve tangible financial gains by combining gaming entertainment with investment management.


To lower the entry barrier and attract new players, the development team at Sky Mavis has introduced the Ronin sidechain to reduce transaction costs and plans to release a free-to-play version of the game, enabling more people to engage with and contribute to this ever-growing ecosystem. Thus, AXS not only represents ownership and usage rights of in-game assets but is also a crucial driving force behind the ongoing prosperity and innovation of the entire Axie Infinity ecosystem.

Storage and Compatible Wallets for the AXS Token

In Axie Infinity, AXS serves as its governance token within the ecosystem. Issued under the ERC-20 standard, this means that AXS can be securely stored in any wallet that supports the ERC-20 standard. For instance, players can choose to store their AXS in popular software wallets such as Trust Wallet, LBank Chain Wallet, or Exodus.


Moreover, hardware wallets like Trezor One and Ledger Nano X are ideal choices for users seeking an even higher level of security for storing their AXS.


It is worth mentioning that Axie Infinity has developed the Ronin sidechain to enhance the gaming experience and improve transaction convenience. Based on this, the Ronin Wallet was designed. Players can directly deposit their AXS into the Ronin Wallet, enjoying lower trading fees while seamlessly participating in in-game transactions, staking, and governance activities.

Ronin Wallet: A High-Performance Interaction Tool for Axie Infinity

Ronin Wallet is a tailored cryptocurrency wallet designed specifically for the Ronin Ethereum sidechain. It offers seamless, fast, and low-cost interaction experiences with decentralized applications (DApps) like Axie Infinity through browser plug-ins. Amid growing concerns over high transaction fees and congestion on the Ethereum network, the Ronin chain emerged to significantly reduce the costs players incur when participating in the Axie Infinity game and interacting with smart contracts.


In addition to serving as the core wallet for the Axie Infinity game, Ronin Wallet also supports other gaming projects on the Ronin blockchain, demonstrating its broad applicability and potential for expansion. The wallet not only streamlines the process of managing AXS and SLP tokens for users but also ensures asset security while providing solid foundation support for building and developing the gaming economic system within the Ronin ecosystem.

Robin Bridge: Facilitating Asset Transfer between Ethereum and Ronin Sidechain

In the world of Axie Infinity, the Robin Bridge plays a pivotal role in connecting the Ethereum mainnet with the Ronin sidechain. This cross-chain bridge tool enables players to transfer ERC-20 tokens (such as ETH) from the Ethereum network to the Ronin blockchain. These transferred ethers exist in a wrapped form and can be used to purchase Axies, SLP, and other in-game items.


Conversely, if players wish to exchange their tokens on the Ronin blockchain for Ethereums or sell them to other market participants, they can securely transfer them back to the Ethereum network through the Robin Bridge. The tokens can then be traded on platforms like LBank. This convenient two-way transfer mechanism significantly enhances the user gaming experience and promotes the flourishing of capital flows and economic activities within the ecosystem.

SLP Tokens: A Key Economic Resource in Axie Infinity

Smooth Love Potion (SLP) is a crucial ERC-20 token within the game Axie Infinity. Serving as an important revenue stream for players, SLP can be earned through daily quests, challenges, and battles against other players. Although there is no pre-set supply cap for this token, its generation is limited, such as restrictions on daily mining amounts, and when SLP is used for breeding new Axies, these tokens are destroyed, ensuring a dynamic balance and deflationary nature within the game's economic system.


The core value of SLP lies in its function as a "nourishment" required for breeding Axies. By accumulating SLP and investing it in the breeding process, players can create brand new Axies for sale or further cultivation. This mechanism not only provides players with various gameplay options and profit opportunities but also significantly boosts activity and market development within the Axie Infinity ecosystem.

Three Key Use Cases and Token Earning Mechanisms of Smooth Love Potion (SLP) in Axie Infinity

Smooth Love Potion (SLP), as the core token of Axie Infinity, derives its value from three key application areas:


1. Breeding New Axies: Players can breed existing Axies by consuming SLP, generating brand new Axie creatures. The amount of SLP required for breeding increases with the number of times the parent Axies have bred, creating an inherent need for players to continually acquire and utilize SLP.


2. In-game Reward System: Users accumulate SLP as rewards for completing various tasks, challenges, and victorious battles against other players in the game. This incentivizes players to actively participate in gaming activities and strive for achievements.


3. Market Trading and Speculation: SLP serves not only as an in-game economic currency but can also be traded on cryptocurrency exchanges like LBank. Holders can engage in speculative operations based on market fluctuations, enhancing token liquidity and market demand.

Trading Ethereum Across Chains and Buying an Axie Team Through the Robin Bridge

To purchase your first Axie and build a team in the world of Axie Infinity, you need to follow several crucial steps. Firstly, storing Ethereum in the Robin wallet is essential since the Axie market operates on the Ronin sidechain. Players must convert their Ethereum from the mainnet Ethereum to Wrapped Ethereum (WETH) on the Ronin sidechain through the Robin bridge to facilitate trading.


Here's a step-by-step guide to the process:

Buying Ether and Transferring to the Ronin Wallet

1. Register an account on a trading platform like LBank and complete identity verification and anti-money laundering checks.


2. After logging in, select the [Trading] tab and choose between the [Standard Version] or [Professional Version] view based on your needs.


3. Search for "ETH" and select a trading pair such as ETH/USDT to place a market order to buy Ether.


4. After completing the purchase, withdraw Ether from LBank to your personal cryptocurrency wallet, ensuring that the wallet supports linking with

DApps, such as MetaMask or LBank's chain wallet.

Bridging Ethereum to Ronin Bridge

1. Create or log in to a DApp wallet that supports MetaMask, and associate it with your LBank account.


2. On the LBank platform, select [Fiat and Spot], find the ETH asset, and click [Withdraw]. Paste the ERC-20 deposit address required by the Ronin bridge.


3. Select the [Ethereum (ERC20)] network and verify the information before submitting the withdrawal request.


4. Next, install the Ronin Wallet plugin and create a new account. Note that only the browser plugin version is currently supported; mobile features are not yet available.


5. Visit the Ronin Bridge website, connect your MetaMask wallet, enter your Ronin wallet address, select the asset to be deposited (in this case, Ethereum), and confirm the deposit details.


6. Upon completing these steps, your Ethereum will be successfully bridged to your Ronin wallet.

Buying Axies in the Axie Marketplace

1. Log into the Axie marketplace and select your connected Ronin wallet as the payment method. If you haven't created an Axie account yet, follow the prompts to set one up.


2. Browse the list of Axies available in the market, using the filters to find suitable options, and examine their detailed data and attributes.


3. Once you've found an Axie that catches your eye, click the "Buy Now" button to initiate the transaction via the Ronin wallet plugin.


4. Keep in mind that building a complete Axie team requires at least three different Axie characters. It's recommended to thoroughly research Axie attributes, skills, and combination strategies before making your initial purchase to ensure proper team configuration.


In summary, by following these comprehensive steps, players can seamlessly transfer Ether from the mainnet to the Ronin sidechain and eventually buy Axies in the Axie Infinity marketplace to assemble their own teams, embarking on an epic blockchain gaming adventure. Make sure to approach each step with caution to avoid losing funds due to fraud or mistakes.

Downloading and Installing Axie Infinity Across Platforms

As a game that supports multi-platform operation, Axie Infinity's compatibility covers Windows, macOS, Android, and iOS systems. Players can easily obtain the game client through official channels.

Desktop Download Guide

For users with Windows or macOS operating systems, simply visit the official Axie Infinity website. Locate and click on the "[Play Now]" button in the top right corner of the homepage. The system will automatically guide you to download the desktop client application and complete the installation process.

Mobile Download Methods

For mobile device users:


- For iOS users (iPhone and iPad), the download and installation need to be done through the Apple TestFlight platform. First, find the relevant link on the official website, then follow the prompts to enable TestFlight, and search for "Axie Infinity" within it to download the application that is still in the testing phase.


- Android device users, on the other hand, can directly download the .apk file from the launch screen provided on the Axie Infinity official website. Once the download is complete, install it on your phone to experience the game.


In summary, whether you are a desktop, laptop, or mobile device user, as long as you follow the official instructions according to the characteristics of your operating system, you can smoothly download and install the Axie Infinity game and embark on your blockchain gaming journey.

Overview of Axies and Category Characteristics in Axie Infinity

In the world of Axie Infinity, Axies serve as the central elements of the game. These virtual fantastical creatures are constructed from an array of distinct attributes and features. Each Axie possesses unique category properties, detailed statistical data, and individual body parts that together create a one-of-a-kind creature.


As of October 2021, there are nine different categories of Axies to choose from, including but not limited to Aquatics, Plants, Bugs, Beasts, Birds, Mystics, Reptiles, Mech, and Dusk. Each class has its own set of skills and advantages that play a crucial role in battles and breeding processes. Players can strategically select Axies from different classes to form a powerful team and enhance their Axies' value and abilities through participating in battles, expeditions, and breeding activities within the game.

Axie Classes and Battle Mechanics

In Axie Infinity, the Axies are divided into nine unique classes, each with specific attributes and a relationship of mutual checks and balances. These nine classes include: Aquatic, Bird, Dawn, Bug, Beast, Mech, Plant, Reptile, and Dusk. Among these, the Aquatic, Bird, and Dawn classes are considered special as they do not possess unique body parts or class cards.


The class determines an Axie's relative strength in battle and there exists a relationship of mutual reinforcement and克制 among different types. For instance, Aquatic, Bird, and Dawn Axies can inflict double damage on Bug, Beast, and Mech classes but receive double attacks from Plant, Reptile, and Dusk classes. This inter-class opposition forms a cycle: Group 1 (Aquatic, Bird, Dawn) has an advantage against Group 2 (Bug, Beast, Mech) but is disadvantaged against Group 3 (Plant, Reptile, Dusk); similarly, Group 2 excels over Group 3 yet falls to Group 1, while Group 3 surpasses Group 1 but cannot triumph over Group 2.


In battles, the skills or cards used by the Axie are closely related to its class, granting an additional 10% combat power when using cards targeting weak classes. This design enriches gameplay strategies and requires players to fully consider the synergistic effects between different class Axies when assembling their team, ultimately creating the most competitive Axie lineup.

Detailed Explanation of the Axie Skills/Card System

In "Axie Infinity," skills and cards play a crucial role in determining the outcome of battles. The game includes 132 unique cards, which are closely tied to six out of nine categories. Each card has specific body part requirements, attack range, and costs required for use, requiring players to strategically utilize their hand resources.


While all categories of Axies can use any card, using a card that matches an Axie's category can significantly increase its output during battle. For example, when a water-based Axie uses a card associated with its category, its attack power is boosted, giving it an advantage in combat. This design enhances the game's strategic depth, encouraging players not only to consider an Axie's base attributes but also to strategize based on card combinations to achieve optimal battle effects.

Decoding the Core Data Attributes of Axies in Axie Infinity

In Axie Infinity, each Axie possesses its unique set of data attributes that determine its performance and survivability during battles. These attributes include:


1. Health: This represents an Axie's hit points, indicating the total amount of damage it can withstand before being defeated. The higher the health value, the more attacks an Axie can endure without being knocked out in combat.


2. Skill: This statistic influences the additional damage an Axie deals to enemies when chaining combos. Axies with a higher skill value are more effective at dishing out damage in battle, increasing their chances of winning.


3. Morale: A crucial indicator affecting an Axie's critical hit rate and number of special actions. The higher the morale, the greater the likelihood of landing a decisive blow or executing a strategic special move that can sway the tide of the battle at crucial moments.


4. Speed: This attribute determines whether an Axie initiates an attack first in combat. Faster Axies have the initiative to strike first and, defensively, a higher speed also reduces the probability of receiving a critical hit from opponents, thereby enhancing survival capabilities.


In conclusion, Axies' health, skill, morale, and speed constitute the foundation of their combat strength. Players need to consider these attributes comprehensively and strategically allocate them to formulate the most effective battle tactics.

The Relationship Between Axie Body Parts and Battle Abilities

In the game Axie Infinity, each Axie is composed of six unique body parts: ears, eyes, horns, back, mouth, and tail. Among these, the last four body parts (back, mouth, horns, and tail) have a decisive impact on Axie's battle performance. They determine which card skills an Axie can use in combat, and each part's associated cards directly affect the Axie's various combat data, such as attack power, defense, speed, and special effects.


For example, an Axie's back may be associated with offensive cards, boosting its attack power; the mouth part may be linked to cards that enhance defense or healing abilities; the horn part may grant special control skills; and the tail part may be related to cards that increase speed or critical hit rate. The diversity of these body part combinations not only enriches Axie's visual characteristics but also adds endless strategic depth to the game. Players can build diverse fighting teams by breeding Axies with different attribute parts based on their tactical needs.

Understanding the Entry Cost of Axie Infinity

For players looking to delve into Axie Infinity, understanding the initial investment cost is crucial. As of October 2021, purchasing a basic Axie creature costs at least around $130 (calculated in Wrapped Ether or WETH). Since having three Axies is the minimum requirement to form a team in the game, a rough estimate suggests that establishing the most basic Axie team would cost close to $390.


To precisely calculate the current entry cost, the most direct approach is to visit the Axie market and use the price sorting feature to view and select Axies that fit within your budget. It's worth noting that the price of an Axie can be influenced by various factors such as market demand, scarcity, and battle capabilities, so adjustments based on real-time market prices are necessary when making purchases. Furthermore, as the community grows and the game mechanics evolve, this cost may fluctuate.

Two Ways to Get Axies for Free in Axie Infinity and Their Precautions

In the game of Axie Infinity, players can obtain Axies for free through the following two methods:

1. Sponsorship Programs

A popular way to acquire Axies for free is through sponsorship programs organized within the community. Enthusiastic players voluntarily donate a portion of their Smooth Love Potion (SLP) they breed or earn to new players to help them purchase an initial team of Axies. As each user is only allowed to have one Axie account according to the game rules, this sharing of resources fosters mutual aid and prosperity within the community. However, it's important to note that these sponsorship programs are not directly managed by the official team. Players should be cautious when participating and verify information authenticity to avoid fraudulent activities. For example, third-party platforms like CoinGecko can be used to track and verify open sponsorship programs. Typically, sponsors (team managers) share SLP earnings with recipients on a 50:50 basis.

2. Version 2.0 Update for PvP

Another opportunity to get Axies for free comes from the upcoming version 2.0 update for the game's Player vs Player (PvP) mode. With this update, the official team will give each new user a free Axie for PvP experience. However, these free Axies do not possess the ability to generate tokens, limiting their use to specific game modes only. To fully enjoy the economy system and token-earning features of Axie Infinity, players still need to purchase their own Axie teams or continue seeking sponsorship opportunities within the community.


In conclusion, when choosing to acquire Axies for free, players should thoroughly understand relevant information and stay vigilant to ensure their rights and interests are protected. They also need to be aware of the limitations of free Axies to make informed decisions about their gaming strategies and investment plans.

Analysis of Factors Affecting the Price of Axies

In Axie Infinity, the price range of Axies varies widely, from approximately $130 to even over $100,000. The determining factors of their prices are diverse and complex, mainly including the following aspects:


1. In-game Value: The price of an Axie largely depends on its in-game combat power and utility. Axies with stronger combat capabilities and better skill combinations generally have higher market values. Additionally, rare category attributes, unique body part combinations, and powerful skill cards also affect an Axie's actual performance in the game and market demand.


2. Rarity and Collectible Value: Original Axies enjoy a high premium in the market due to their scarcity and historical significance. Unique Axies with distinctive appearances, vivid colors, and extreme rarity have artistic value and collectibility, often commanding high prices. These Axies not only attract players but also become sought-after targets for NFT collectors.


3. Market Supply and Demand Relationship: As Axie Infinity spreads globally, the demand for Axies is no longer limited to gamers but has also attracted attention from many non-functional token (NFT) collectors. Therefore, fluctuations in Axie prices not only reflect players' demands for powerful battle partners but also demonstrate the heat and supply-demand dynamics of the entire NFT market.

Mining SLP in Axie Infinity: Methods and Strategies

In the game of Axie Infinity, players can participate in mining Smooth Love Potion (SLP) through various methods, primarily focusing on two core combat systems: Arena Battles (PvP) and Adventure Mode (PvE). Here are specific操作 methods and sources of income:


1. Daily Missions: Upon completing daily check-ins, passing through 10 adventure levels, and winning 5 arena battles, players receive a fixed reward of 25 SLP. These basic missions help stabilize SLP acquisition and encourage player activity.


2. Adventure Mode (PvE): Players can earn SLP by challenging adventure levels every day, up to around 50 tokens, depending on the difficulty level of the passed stage. SLP rewards are usually obtained for clearing a level for the first time, but repeating the same level may no longer produce SLP. Defeating "boss" enemies will result in additional rewards.


3. Arena Battles (PvP): Based on the player's ranking in the leaderboard, they engage in battles with other players and winners receive varying amounts of SLP as rewards. Each battle consumes energy, and while players can continue playing after exhausting their energy, no more SLP rewards are provided. Properly allocating energy and striving for more victories is crucial for increasing SLP earnings.


Remember that these activities are subject to change as the game evolves. Stay updated on the latest developments to maximize your SLP mining potential in Axie Infinity.

Claiming and Transferring SLP Rewards in Axie Infinity

In Axie Infinity, players need to manually claim their SLP tokens after earning them through game activities such as PvP (Player versus Player) battles and PvE (Player versus Environment) adventures. It's worth noting that SLP tokens can only be claimed once every 14 days.


Here are the steps to claim your SLP rewards:


1. First, make sure your Ronin wallet is linked to your Axie Infinity account. Log in to the official website or game client of Axie Infinity, select "Claim Tokens" from the menu, then click on "Claim SLP." The system will automatically transfer your accumulated SLP to your linked Ronin wallet.


2. On your personal account interface, confirm that your Ronin wallet has been successfully linked. Follow the path "Claim Tokens -> Claim SLP" to complete the operation.


3. For users who wish to sell their SLP or transfer it to another platform, you can directly choose to transfer the SLP from your Ronin wallet to an Ethereum wallet on the same interface after claiming. However, this usually involves Ethereum network transaction fees (gas fees). To save costs, you can also choose to directly transfer your SLP to a trading platform that supports the Ronin chain, such as LBank Ronin Wallet, which can help you avoid paying Ethereum gas fees.

Axie Virtual Land and Its Functionality & Purchase Mechanism

In Axie Infinity, Axie virtual land is a crucial component of the Lunacia Kingdom, composing a 301x301 grid world. The initial batch of land sales only account for 25% of the total, with subsequent batches increasing in price by 10% per round.


Virtual land serves not only as a dwelling place for Axies but also possesses multiple functional purposes. For instance, pink square plots act as the central hub for hosting kingdom events, accessing dungeon entrances, spawning Chimera creatures, and housing public resource nodes. Furthermore, there's a special zone called "Luna's Landing," tailored for content creators and serving as the primary passage for players to explore and engage.


Players can acquire land by purchasing treasure chests containing random land types. Through this method, acquired lands may be adjacent, allowing players to construct contiguous territories. As more lands are unlocked and utilized, Axie virtual land gradually evolves into an interactive and economically valuable in-game ecosystem.

How to Buy and Transfer AXS to Ronin Wallet

In Axie Infinity, AXS serves as a governance token with multiple functions, including participating in in-game governance decisions, staking for rewards, and breeding new Axies. To facilitate trading and breeding operations for players, AXS can be directly transferred from an exchange (such as LBank) to the Ronin wallet, avoiding high gas fees required when transferring through the Ethereum mainnet.


Here are the specific steps:


1. Log in to your personal LBank account, select [Trade] at the top of the page, and choose either [Standard View] or [Professional View] based on your needs.


2. Enter "AXS" in the search box, find the corresponding trading pair (e.g., [AXS/USDT]), and perform operations on this trading pair.


3. To buy AXS, choose Market Order and enter the purchase amount. Verify the information and click [Buy AXS] to complete the purchase.


4. After completing the purchase, to transfer AXS to the Ronin wallet, go to the [Wallet] area of [LBank], and select the [ Fiat & Spot ] tab.


5. Find "AXS" in the asset list, and click [Withdraw].


6. On the withdrawal interface, make sure to choose the correct network channel - "Ronin Network".


7. Carefully review and understand the withdrawal precautions, ensuring that prefix issues are correctly handled by replacing "ronin:" with "0x".


8. Enter the number of AXS you need to withdraw to the Ronin wallet. Verify all information is correct, then click [Withdraw] to submit the request.


9. Once the withdrawal is successful, players can view the credited AXS or wrapped Ether (WETH) in their associated Ronin wallet. At this point, players can use these AXS to participate in breeding Axies or perform other operations such as purchases on the market platform on the Ronin chain.

Market Dynamics and Community Development Overview in Axie Infinity

In Axie Infinity, market dynamics and community development play a vital role. The game has attracted millions of players worldwide with its unique gameplay mechanics and blockchain economic model, resulting in a vibrant internal ecosystem with high trading activity for its NFT assets.


Regarding market dynamics, the prices of AXS and SLP, the in-game currencies of Axie Infinity, are influenced by factors such as supply and demand, community engagement, game updates, and the overall cryptocurrency market conditions. For instance, new features like virtual land (Lunacia) releases and enriched gameplay drive increased demand, causing fluctuations in related asset prices. Furthermore, community-driven innovations and promotional activities, such as sponsorship programs and community challenge events, significantly contribute to user growth and market excitement.


On the aspect of community development, the Axie Infinity community has evolved from a simple group of gamers into a diverse ecosystem consisting of developers, investors, content creators, and more. The official team actively listens to community feedback and implements iterative improvements, ensuring that the game remains fresh and appealing. Additionally, many community members spontaneously organize themselves to provide tutorials for beginners, share guides and strategies, and facilitate mutual purchasing services, fostering a positive culture of collaboration and support.

Conclusion

As an outstanding representative in the blockchain gaming field, Axie Infinity successfully combines innovative game mechanics and token economy systems to bridge the gap between creative games and blockchain technology. Since its launch in 2018, not only has Axie Infinity demonstrated unique appeal in game design but it has also built a thriving and vibrant player community across the globe.


With the continuous reinforcement of AXS tokens' governance functions and SLP tokens offering players opportunities for "play-to-earn," the in-game ecosystem achieves sustainable development, attracting active participation from both new and veteran players.


Looking ahead, Axie Infinity continues to optimize the Ronin sidechain to lower entry barriers and enhance user experience while planning to introduce more free-to-play options to attract new users, indicating its potential to maintain a leading position in the blockchain gaming market. However, attention should be paid to the volatility of the cryptocurrency market that might impact the game's economic system and how to balance the relationship between ecological health and user growth during scale expansion.


Overall, Axie Infinity sets a new benchmark with its excellent innovation practices for the application of blockchain technology in the gaming industry, providing valuable lessons learned for subsequent projects.

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