![]() Their mining is painstaking, costly and only sporadically rewarding.īlockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. Cryptocurrencies are digitally mined, where very sophisticated computers solve extremely complex computational mathematics problems. They carry a pre-determined store value of their own, just like any other fiat currency like the US dollar or the Indian rupee. They are tokens that can be used as a form of payment in exchange for online goods and services. ![]() However, they are often criticised for the possibility of misuse in illegal activities, exchange rate volatility and the vulnerability of the infrastructure underlying them.Ĭryptocurrencies work using a technology called blockchain. Plus, the digital structure facilitates free portability across geographical borders, divisibility and transparency. Because cryptocurrencies do not have an underlying economic base, they are inflation-proof. Such currencies, theoretically, are immune to government interference or any kind of manipulation. They are built on the blockchain network technology, which ensures transparency and helps track every transaction. Cryptocurrencies are decentralised, meaning that no authority regulates them. They have their own store values, and are designed to use as a medium of exchange for buying goods or services. Cryptocurrency is a digital or virtual coin secured by cryptography, which makes it next to impossible to counterfeit. The big difference is, here there is no owner-issuer and it would, at least in theory, be accepted globally. Axie Infinity price as on May 30, 2023, 01:07 PM was Rs 586.93.Įver received a paper token from your next-door paan shop in lieu of a small change, which he would accept the next time you visit him? Imagine that token digitally, and that's your cryptocurrency. You can find more details about Axie Infinity on its official website and on the block explorer.Axie Infinity is down by -1.13%. The current circulating supply of Axie Infinity is 115.66 Million tokens, and the maximum supply of Axie Infinity is 270.00 Million.Īxie Infinity’s 24 hour trading volume is $ 15.45 Million.Īxie Infinity's current share of the entire cryptocurrency market is 0.07%, with a market capitalization of $ 820.74 Million. Axie Infinity Price TodayĪxie Infinity's current price is $ 7.10, it has dropped -1.41% over the past 24 hours.Īxie Infinity's All Time High (ATH) of $ 164.34 was reached on, and is currently -95.7% down. Where can you buy Axie Infinity?Īxie Infinity (AXS) can be bought at any of the DEXs and CEXs listed on the Market tab. For example, players will also be able to earn $AXS when they play various games within the Axie Infinity Universe and through user-generated content initiatives. It is an ERC-20 token used for governance, staking, and also has in-game functionalities. The platform’s native token is the Axie Infinity Shard (AXS). Farming for love potions that can be sold on exchanges such as Uniswap and Binance.Collecting and speculating on rare Axies such as Mystics and Origins.Breeding Axies and selling them on the marketplace.Competing in PVP battles to win leaderboard prizes.The game offers players several ways to earn: This means that community developers are able to build their own tools and create unique experiences in the universe. All art assets and other data can be easily accessed by 3rd parties. This means an Axie a player creates via the game’s breeding mechanics will be a unique and original digital object, through being minted as an NFT. Axies possess various skills and are used to battle against either computer-controlled opponents or other real-life players. To play the game, a player has a team of 3 creatures called Axies. What are AXS key features and how does it work? It has also generated over 13,000 ETH in revenue ($16M+) so far. Particularly, Axie has developed a reputation in developing countries from those looking for new income streams as a result of the Covid pandemic.ĭespite still being in its early access, Axie is one of the highest-ranked Ethereum games by daily, weekly, and monthly active users. ![]() The game requires players to battle, collect, raise, and build a land-based kingdom for their NFT pets.Īxie leverages Blockchain economic design to reward players for their contributions to the ecosystem, known as a "play to earn" model. The platform allows anyone to earn tokens through skilled gameplay and various contributions to the ecosystem. Axie creators built the platform as a fun and educational way to introduce the world to blockchain and NFT technology. Axie Infinity is a Pokémon-inspired gaming ecosystem that you can play on Android phones, iPhones, and on PC.
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