In today’s article, we shall focus upon AXS Token. Herein you will find the various platforms to buy AXS Token along with the complete procedure. To develop a deeper understanding of this cryptocurrency, read the article till the end.
Table of Contents
Summary
- Axie Infinity is a super-exciting combination of gaming and cryptocurrency founded in 2018.
- It is a play-n-earn system that seeks inspiration from Nintendo’s Pokemon series.
- It operates on the Ethereum blockchain via the Ronin side chain and is available on iOS, Mac, and PC.
- Axie Infinity platform has a native ERC-20 governance token known as Axie Infinity Shards (AXS).
- Hodlers can use these tokens to earn and stake AXS coins by playing and voting.
- AXS tokens can be purchased on Decentralized Exchange platforms such as 1inch, Uniswap, 6lkk7.
- Cryptocurrency exchange platforms that provide APS tokens are- Coinbase, WazirX, CoinDCX, Binance, Kraken.
- Investing in AXS tokens shall only be based upon proper research after considering all the advantages and disadvantages.
What is Axie Infinity?
Founded by Aleksander Leonard Larsen, Trung Thanh Nguyen, and Jeffrey Zirlin in early 2018, Axie Infinity brings before us the combination of the two most exciting worlds of gaming and cryptocurrency. Axie Infinity is a play-n-earn, inspired by Nintendo’s Pokemon series, monster battling game. Indie Studio Sky Mavis developed the Axis Infinity game runs on the Ethereum blockchain via the Ronin side chain.
The game requires an upfront investment and is available on iOS, Mac, and PC. Furthermore, it awards its successful players with crypto tokens. Moreover, the players also get the opportunity to own Nonfungible tokens by Axie. Axie Infinity has nominal gas prices and offers faster transactions.
What is Axie Infinity Shards (AXS)?
Axie Infinity Shards is the native ERC20 governance token of the Axie Infinity platform. As implemented by many decentralized applications, Axie also uses AXS tokens as voting shares. In comparison to the rest of the cryptocurrency market, AXS tokens have been on a high lately.
Launched in November 2020, holders can use AXS tokens to earn and stake AXS coins by playing and voting. AXS will have a total supply of 270,000,000 which will be divided between play and earn features and public sales. Furthermore, some tokens will be allotted for advisors of the project and SKY MAVIS.
Where to buy Axie Infinity Shards (AXS) Token?
Axie Infinity Shards, AXS has been performing well this year and has made it to the list of prominent cryptocurrency exchanges and Decentralized exchange platforms. The most trusted and recommend platforms to invest in Axie Infinity Shards are:-
Decentralized exchange platforms to buy AXS
To learn more about decentralized finance, read our blog on DeFi.
Crypto Exchanges to buy AXS
If you want to learn more and understand better, read our article on the best crypto exchange platforms.
How to buy AXS on a DeX platforms?
A decentralized exchange (DEX) platform connects cryptocurrency buyers and sellers directly through a peer-to-peer (P2P) marketplace. Prominent DEX platforms like 1inch and Uniswap extend their services to include AXS tokens.
Today we will explain the procedure of buying Axie Infinity Shards on the Dex platform using the example of 1inch. 1inch offers the best cryptocurrency swap rates and fastest transactions in the entire crypto market. For using 1inch to acquire AXS, it is mandatory to use an Ethereum Wallet, like Metamask or Binance Smart Chain wallet.
- Firstly, download the Metamask wallet app and fund your wallet with ETH.
- Secondly, visit the 1inch website, and in the connect wallet section, select Metamask.
- Now the Ethereum address will be displayed on the screen. Copy the address.
- Look for ETH in the first search bar and AXS in the other search bar.
- Now select the SWAP option given below, and the confirmation message will show up in the Metamask wallet.
- Confirm the transaction, and you can now swap ETH for AXS easily.
How to buy Axie Infinity Shards Token on Binance?
Binance provides straightforward processes of buying, selling, and trading a wide range of cryptocurrencies. For example, you can now avail of its services to acquire Axie Infinity Shards coins. Read our Binance review to learn more.
Follow the step-by-step guide given below and successfully add AXS to your account.
- Firstly, create or sign in to your account on Binance using your email id.
- Secondly, complete the verification process to log into your account successfully.
- Thirdly, head to the ‘Buy crypto (USD)’ option in the upper left corner. Then, in the drop-down list, opt for ‘the Credit/Debit Card’ option.
- Now, select the fiat currency in which you would like to invest (here USD).
- After Selecting BTC in the coin to buy, select the ‘Buy BTC’ option, and credit card purchases of BTC will begin.
- Now head to the trade section on Binance and search for the AXS/BTC pair.
- An exchange with price charts will appear on the screen.
- In the market section, fill in the amount of AXS you would like to buy and click on the ‘BUY AXS’ button.
- Approve the transaction and wait for the order to complete.
How to earn free Axie Infinity Shards (AXS) tokens?
Axie Infinity provides a broad scope of earning free AXS cryptocurrency. Firstly, the play and earn feature lets you earn free AXS tokens for every successful task completion. Secondly, various airdrop programs are held around the year that offers free AXS tokens. Thirdly, you can stake AXS coins to earn new AXS coins as rewards. Let’s see how you can acquire Axie Infinity Shards for free by staking.
Staking AXS to gain free AXS
From 2021, AXS holders will be able to stake AXS tokens on Axie Infinity to earn weekly rewards. The rewards are set to start high to incentivize user growth but will gradually decline. Furthermore, the users can vest their AXS staking rewards only after completing an escrowed period of 1 year from the time they are claimed. Moreover, the stakes can earn additional rewards from DAO reserve pools through governance. Stakers can achieve even higher rewards by providing additional value in the week before claiming to Axie Infinity.
Pros and Cons
| PROS | CONS |
|---|---|
| By investing in AXS, you can earn cryptocurrencies just by playing games on the network. | The primary disadvantage is the volatility associated with every cryptocurrency. |
| Axie offers negligible gas prices and a much faster transaction speed. | The Ronin side chain has been under strain and may lead to security concerns in the future. |
Buy AXS token: A complete Guide!- Conclusion
People are finally waking up to the considerable potential of virtual land games. Moreover, Axie Infinity’s unique ecosystem offers striking features and rewards. Realizing the platform’s rising popularity, Axie Infinity Shards and its other tokens are made available on leading platforms like Uniswap, 1inch, Binance, CoinDCX, Kraken, etc. But to avail of its full benefits, one must be fully aware of its technicalities and nuances. Therefore, in the end, we would like to say that even a tiny investment in Axie Infinity can be very fruitful if done wisely and after developing the proper understanding. Finally, according to us, the two platforms below are the best choices available to invest in AXS.
Frequently Asked Questions
What is AXS token price prediction?
No normal human being can predict the price of any cryptocurrency. However, one should do proper research by staying up to date with the latest changes and news related to the token. To do so, refer to AXS coinmarketcap. They have AXS token price charts and other information like buying AXS coins, AXS Wallet, etc.
Is Axie Infinity Shards a good investment?
Good investments are nothing but wise and well-researched investments. The same is the case with the Axie Infinity Shards. If you do proper research before investing and stay updated with the latest news then any investment, including AXS, will be fruitful.
How to store AXS crypto?
Since Axie Infinity is built on the Ethereum blockchain, you can use any Ethereum compatible wallet to store AXS. Best AXS Wallet can be:
Hardware Wallets-
Ledger Nano S and X
TREZOR
Software Wallets-
Phantom
Atomic wallet
Learn more about the best crypto wallets here.
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