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Axie Infinity (AXS) New Crypto Coin Price live Data and Future

Axie Infinity (AXS) New Crypto Coin Price live Data and Future
Axie Infinity (AXS) New Crypto token

New Crypto Coin Axie Infinity (AXS) Token

Axie Infinity (AXS) is one of the few cryptocurrencies that has seen spectacular price growth in recent months. Its popularity and high income have made investors wonder if they should get involved. Here are some things to know if you are considering buying the Axie Infinity.

Know Before You Buy Axie Infinity (AXS) New Crypto Coin

  • What Is Axie Infinity (AXS)?
  • Who Are the Founders of Axie Infinity?
  • What Makes Axie Infinity Unique?
  • How Many Axie Infinity (AXS) Coins Are There in Circulation?
  • How Is the Axie Infinity Network Secured?
  • AXS New Crypto Price Live Data
  • Where Can You Buy Axie Infinity (AXS)?

What Is Axie Infinity (AXS)?

Axie Infinity is a blockchain-based fighting and trading game that is partially owned and operated by its players.

Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, breed, fight, and trade token-based creatures known as Axies.

These Axies can take various forms, and there are over 500 different body parts available, including aquatic, beast, bird, insect, plant, and reptile parts. Parts of each type class come in four different rarity scales: Common, Rare, Ultra Rare, and Legendary, and Axies can have any combination of body parts, making them highly variable and often rare and unique. .

Each Axie is a non-expendable token (NFT) with different attributes and strengths and can be entered into 3v3 battles, with the winning team earning more experience points (exp) which are used to level up an Axie’s stats or evolve their stats. body parts. These Axies can be bred together to produce new and unique offspring, which can be used or sold in the Axie market.

The Axie Infinity ecosystem also has its own unique government token, known as the Axie Infinity Shards (AXS). These are used to participate in key governance votes and will give incumbents a voice on how Axie Community Treasury funds are spent.

Who Are the Founders of Axie Infinity Crypto?

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 software engineering and worked as a software engineer at Anduin Transactions before founding Axie Infinity.

Former competitive gamer Aleksander Larsen is also credited as the platform’s co-founder and COO. Larsen has been working on blockchain gaming since 2017. He previously worked as an executive security officer for the Norwegian Government Security Organization and still serves as Secretary to the Board of Directors of the Blockchain Game Alliance.

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

What Makes Axie Infinity Crypto coins Unique?

Each Axie possesses six out of hundreds of possible different body parts, each of which has its own battle move. This produces essentially infinite variety between axes, with most axes having relatively weak stats, while those with the strongest combination of body parts can have incredible stats.

Unlike other blockchain-based fighting and breeding games, each Axie can only be played a total of seven times to help control the population of Axies.

Axie Infinity has its own mating center to help players find a suitable mate to raise their Axie and have the best chance of producing rare or powerful offspring. It costs 0.005 ETH in addition to the Small Love Potion (SLP) tokens to breed Axies.

AXS token holders will soon be able to stake their tokens to receive regular rewards. But unlike other gambling assets, AXS holders will also need to vote and play to claim their rewards.

How Many Axie Infinity (AXS) Coins Are There in Circulation?

Axie Infinity (AXS) tokens have a total supply of 270 million tokens. Outside of this, around 53.5 million tokens were in circulation as of mid-November 2020.

In total, 11% of the total supply was allocated to participants in the Binance Launchpad IEO sale and 4% was sold in a private sale. In addition to this, 29% is allocated to wagering rewards, 20% to the game to win the fund, 21% to the team, 7% to the advisors and 8% to the ecosystem fund.

Based on the current release schedule, as indicated by Binance Research, 100% of AXS tokens will be circulating in early 2026.

How Is the Axie Infinity Crypto Network Secured?

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

In early 2021, Axie Infinity plans to migrate its NFT tokens, including Axies, Land, and other game item tokens from the Loom Network to a custom sidechain on Ethereum known as Ronin.

Ronin is an application specific sidechain built just for Axie Infinity. It is being developed by Sky Mavis, the development company behind the Axie Infinity game, and is designed to support near-instant transaction confirmations, reduced gas rates, and be able to help Axie Infinity scale.

AXS New Crypto Coins Price Live Data

Axie Infinity’s live price today is $ 46.02 with a 24-hour trading volume of $ 3,694,393,774. Axie Infinity is down 7.47% in the last 24 hours. CoinMarketCap’s current ranking is # 35, with a live market cap of $ 2,802,674,564. It has an outstanding quantity of 60,907,500 AXS coins and a max. supply of 270,000,000 AXS coins.

Source – CoinMarketCap, Live Price Data was taken on 28 July 2021

Where Can You Buy Axie Infinity (AXS) Token?

As of mid-November 2020, Axie Infinity (AXS) is only available to trade on a single exchange platform: Binance. It is listed with four trading pairs: AXS/USDT, AXS/BTC, AXS/BUSD and AXS/BNB.

If you would like to know where to buy Axie Infinity, the top exchanges for trading in Axie Infinity are currently Binance, Tokocrypto, OKEx, Huobi Global 

Also Read Article – New Crypto Coin Internet Computer (ICP) Crypto Future

Disclaimer

The information on this website is not intended to be financial, business, investment or other advice, and you should not consider the Article of the website as such. ArticleMaster.xyz does not recommend that you buy, sell or hold any cryptocurrency.

Axie Infinity (AXS) New Crypto Coin Price live Data and Future

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