AXIE INFINITY STAKING FOR FREE

According to a blogpost announcement released by the platform, holders of the AXS token can begin staking their digital assets and rewards will be activated in 24 hours. In the future, staking AXS will give you voting rights and a say over the use of the Community Treasury which now holds over a billion dollars in tokens. The play-to-earn gaming platform Axie Infinity just launched a staking program for one of its native tokens, Axie Infinity Shards (AXS). The image used in the banner at the bottom is by the author made using the Canva application. Staking By staking your AXS you’ll be able to earn AXS rewards when you lock up your tokens through the staking dashboard. Beside the liquidity pools on Katana, there is a separate AXS staking pool, where users can stake their AXS to generate yield.

AXIE INFINITY STAKING FOR FREE

There are 5 types of lands with different values, which at the time of performing the Staking, you will have a reward in AXS being the governance currency of the project, the more expensive the land the more AXS you are going to get for the staking of your Land, but the negative points follow, when taking into consideration the investment that is made with the benefit you generate can take many time even years to generate the return on investment in this process, considering that it can be somewhat inefficient it seems.Īll the images used by the Author are Public Domain, in each one of them you can find the source of the image. Source: Nansen.ai as at Want to keep track of on-chain data about Axie Infinity and Ronin Sign up for free to view those dashboards AXS staking.

In addition to purchasing them directly, players can earn them through in-game achievements such as ranking high on leaderboards or winning tournaments.The game in addition to having the characters that are played with called Axie, brought out another type of NFT that can be acquired of a higher value called Land, these are lands that generated benefits for owning them, which have a high value and a good benefit at the time but the market continued to be affected, currently have generated a new idea, called the Staking of the Land, being an idea that consists of the following actions: All of those moves came on the heels of a strong. According to the announcement, approximately 58 million of the set cap of 270 million AXS tokens are in circulation, with the remainder to be released through staking, gameplay rewards, and ecosystem reward structures.Īxie Infinity, which was released in 2018, is a trading and battling game that allows players to collect, breed, raise, battle, and trade Axies, which are basically NFTs with varying attributes and strengths.ĪXS tokens, which are also available on several cryptocurrency exchanges, represent a small portion of the game’s universe. ET, ApeCoin was up 18 in the previous 24 hours, STEPN was up 17.3, Axie Infinity was up 10.4, and The Sandbox was up 9.5.

“Staking is a way for us to reward our community members for having a long-term mindset and locking up their AXS tokens,” the Axie Infinity team stated as part of the announcement, adding that players can earn AXS rewards by staking.īy staking, the team intends to grant voting rights and “a say over the use of the Community Treasury.” At the time of writing, Axie Infinity’s Community Treasury held more than 18 million AXS tokens worth more than $1.4 billion.ĭuring the first month of the staking program, a total of 2 million AXS tokens will be distributed. The Ethereum-based monster battling game exploded in popularity this summer, and now the project is rewarding its early supporters by airdropping some 60 million worth of governance tokens as a new staking feature rolls out. Players of Axie Infinity can stake their AXS tokens now, with rewards coming soon.Īxie Infinity, an Ethereum-based play-to-earn nonfungible token (NFT) game, has announced the launch of a staking program for its native token, Axie Infinity Shards (AXS).Īccording to a Thursday announcement, AXS holders can begin staking their tokens, and the rewards will be activated in 24 hours to ensure that all time zones can stake ahead of time. Axie Infinity has quickly become the biggest player in the burgeoning crypto gaming space.

Axie infinity staking