How to earn and obtain AXS has become an obsession. The AXS token is up 900% in two weeks. It's wild. Further proof that decentralized finance (DeFi) is in fashion. How to buy AXS cryptocurrency on Binance has become one of the most popular searches in recent days. An AXS cryptocurrency cost $ 3 at the end of June and today it has reached $ 27. The crypto, based on the video game Axie Infinity (where you collect Pokémon-style creatures), is already one of the events of the year in the world of cryptocurrencies. In Axie Infinity, earning money is easy if you have an Axie scholarship. In countries like the Philippines or Venezuela there are people earning monthly salaries thanks to Axie Infinity.
AXS Token: What is it? Why has its price risen so much?
While Bitcoin is still unable to know if it is in a bear market or a bull market (it has already had too many weeks of boring laterality), The rise of Axie Infinity's governance token, AXS, shows no signs of slowing down. Below in Café con Leche y Cryptos we give you all the information about the AXS cryptocurrency and the Axie Infinity game that you need to know. By the way, if you still don't know what a token is, we recommend you read this article: What is a token? What is the difference between cryptocurrencies, altcoins, tokens and virtual currencies?
AXS cryptocurrency: a Pokémon that pays money to play Axie Infinity
The AXS token hit a new high of $ 28,40 early Thursday, surpassing the previous high of $ 24 reached just a day earlier, according to data from Messaria. There are few who believe that we are facing a bubble of colossal magnitudes, especially considering that the crypto AXS was launched in November 2020. It is a major growth at the height of a shitcoin.
Following the NFT model of CryptoKitties, A.I. is a "play-to-earn" battle game that is providing thousands of people with significant income around the world. And all, thanks to the economy system of Axie Infinity, based on making money while you play. There are different ways to participate in the game economy.
DeFi: everything you need to know about the decentralized finance revolution
How to buy AXS
Normal that many people are wondering how to buy, earn or get the AXS cryptocurrency. Did you know that in the Philippines there are people making enough money to pay the monthly rent thanks to the Axie Infinity video game?
Axie Infinity shards, or AXS, is the governance token of the Axie Infinity platform, an Ethereum-based digital marketplace for the Axie Infinity game. Axie Infinity, created by SkyMavis, allows players to earn income through non-fungible tokens, or NFT, and cryptocurrencies raising, fighting, and trading digital pets called Axies. To buy and invest in the crypto AXS, just go to the Binance exchange. The AXS token is available both on the wallet spot as in futures.
How is the AXS video game, Axie Infinity?
Axie Infinity players use AXS tokens to trade these digitized Pokémon-style creatures. AXS holders can also stake their coins to earn weekly rewards and participate in the governance of the protocol. New entrants have to buy at least three axies priced in ether, and the protocol makes money through axie sales, land sales, axie breeding fees, and market fees.
According to Coindesk, Axie has raised $ 51,3 million in the past 30 days, the most among decentralized financial protocols (DeFi) and blockchains tracked by the site. We're talking four times more than the second highest, PancakeSwap at $ 12 million.
According to DappRadar, the game is becoming very popular in developing countries such as Brazil, India, Indonesia, the Philippines and Venezuela. Axie Infinity has scored this high as it has expanded its lead over prominent DeFi protocols such as PancakeSwap, Uniswap, and Compound in terms of revenue collection since the last CoinDesk update. Axie recently exceeded $ 25 million in daily trading volume, a 10-fold increase since the beginning of May, DappRadar CEO Skirmantas Januškas tweeted.
Axie Infinity scholarships and other ways to earn money with the AXS token game
Like Pokémon, the Axie Infinity universe is vast and highly detailed. Below we have listed the most common ways to participate in Axie Infinity and to become a citizen of the virtual world of Lunacia.
Axie Infinity's economics is primarily based on its SLP token. At the time of writing, the game's reward token or Smooth Love Potions (SLP) has reached an all-time high in terms of value. An SLP is now worth $ 0,39. By winning battles, players earn SLP tokens. They need these tokens to breed new Axies, allowing more players to join the world of Axie Infinity. At the same time, the AXS governance token has also gained momentum, increasing in value by more than 700% in the last 14 days to exceed $ 27.
How To Get An Axie Infinity Scholarship In 2021
To get Axie Infinity scholarships in 2021, it is best to visit one of the many existing Facebook groups dedicated to the game and apply. You can also try it in forums. But, we warn, the demand is so high that people even create resumes to be accepted.
Once we are accepted as a fellow, we will use the account of the person who has chosen us (using their credentials). Usually, it will ask us to be able to get 150 SLP potions daily. Initially, this task will take between four and five hours. A little over an hour later.
Make money with Axie Infinity
The Axie Infinity economy can provide serious income for people in developing countries. A player dedicated body and soul to playing Axie Infinity can earn up to 200 SLP per day, but let's say 100 SLP is more reasonable. That's $ 39 at the current rate, which means a monthly income of $ 1.170 based on 30 days of work. Axie Infinity has become very popular in developing countries such as the Philippines, India, Venezuela, Brazil, and Indonesia.
Axie Infinity Scholarships 2021: become an intern player at Axie
Owning three Axie NFTs is enough to start playing Axie Infinity. Anyone in possession of 3 Axies can earn SLP tokens. However, the price of the Axies has risen a lot in the last year. Today the cheapest ones cost 0,246 ETH or $ 480, and players need three of them to get started. There is a solution for this as the community has created a scholarship program.
Through the scholarship program, people have access to Axies without actually owning them. They will earn an income share on their SLP earnings. Axies players who own the assets themselves get 100% of their earnings from SLP. However, fellows pay a fee and generally earn between 70% and 90%. This depends on building the business with the owner of the Axie and his scholarship managers.
Axie Owner
Axie owners can put their Axie NFTs in different wallets, each one linked to an email address and access password. Using the login credentials, third-party users have access to the Axies and can play the game. As a result, an Axies owner can create jobs by creating so-called trainee accounts. Homeowners with 100 Axies in their wallet can put them to good use. At the same time, this method provides the Axie owner with passive income through the efforts of his fellows. An Axie owner offering scholarship opportunities often takes between 5 and 10 percent of the profits from the SLP.
Axie Scholarship, Manager
Since managing scholarship recipients may require some time and training, Axie owners often have Axie scholarship managers who act as intermediaries. They help the intern to optimize their SLP earnings and share the income generated. An Axie Scholarship Manager typically helps 10-20 scholarship recipients. An Axie Scholarship Manager takes approximately 5-10 percent of the income from each Scholar in their portfolio.
Axie Breeder
Axies breeder is probably one of the least talked about professions in the Axie community. Each Axie can only breed 7 times in total, and as long as there are new players in the game, the breeders must remain active. However, to breed an Axie you need not only two Axie NFTs, but also enough SLP tokens. Every time an Axie breeds, the next time he breeds it will be more expensive. Every time someone breeds an Axie, this costs 4 AXS cryptocurrencies and a ton of SLP tokens. Raising a virgin Axie costs 150 SLP, while the seventh brood costs much more.
This means that at current rates, as mentioned above, raising a virgin Axie costs $ 80 on AXS and $ 60 on SLP. When SLP is very expensive, rearing costs go up exponentially. At $ 0,39 per SLP, raising an Axie for the seventh time costs a lot of money.
It's safe to say that being an Axie breeder requires deep pockets. However, you also have to be a bit smart about it. Buy SLP when it's low, and sell Axies when the payouts are high. An Axies breeder is probably quite similar to being an investment trader.
Axie NFT content creator
Axie Infinity does not allow content creators to simply use Axies images to make and sell NFT artwork. However, players who own an Axie can make artwork based on their Axies. It's something we've already seen with Coke and Almace, two legendary Axies with a lot of creative content creation around them. Creative content creators can work on demand, providing a service to Axies owners.
Axie Token Trader
Of course, we had to mention the main reason why today we are talking about Axie Infinity in Café con Leche and Cryptos. Being in Axie Infinity and believing in their world doesn't mean you have to play their game too. With AXS and SLP tokens on the market, Axie Infinity offers opportunities for traders to invest in their tokens. Smooth Love Potion (SLP) increased in value by 1500% in the last year, while AXS has risen 700% in the last two weeks alone.
