The cookie is used to store the user consent for the cookies in the category "Analytics". This cookie is set by GDPR Cookie Consent plugin. These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. At the time of writing, AXS tokens are listed in numerous major exchanges such as Binance and Coinbase.Īlso read: New Crypto and Record Label GreedSwap will be Launched by Producers Cool and Dre As mentioned before, Axie Infinity is a play-to-earn game where players can collect, raise, breed, and battle their Axies – NFTs that represent their characters with unique traits.Īxie Infinity Shards or AXS are the main currency used in their ever-growing ecosystem.
![staking axie infinity staking axie infinity](https://www.nftradar.org/wp-content/uploads/2021/07/cjsdc-bjksd.jpg)
Considering that only about 60 million (out of the 270 million) AXS are in circulation, this allocation is not supposed to have that much of an impact on the market performance of AXS.Īxie Infinity was launched back in 2018 and has since attracted hundreds of thousands of new players. Over the first month of the program, about 2 million AXS tokens will be allocated to users who stake their AXS proportionally. Moreover, over 18 million AXS are within The Community Treasure of Axie. Through staking, the team is aiming to give the players voting rights and a say over particular changes in their platform.
![staking axie infinity staking axie infinity](https://file.publish.vn/coin98/2021-07/axie-flywheel-1627641718937.png)
“Staking is a way for us to reward our community members for having a long-term mindset and locking up their AXS tokens.”
![staking axie infinity staking axie infinity](https://ml8ygptwlcsq.i.optimole.com/KqGSM2A.LwXc~1d1f4/w:607/h:480/q:auto/https://www.securities.io/wp-content/uploads/2021/07/Axie-Infinity-AXS-Twitter.png)
The reason behind making people wait for 24 hours before activating rewards is that the team of Axie Infinity wanted to be sure that each time zone had the opportunity to stake in advance.įollowing the announcement, the Axie Infinity team stated this: Starting from today, people who own AXS can stake their tokens and claim rewards as soon as after 24 hours. In a recent announcement, Axie Infinity state that from today, its users can stake their Axie Infinity Shards or AXS to get rewards. The biggest NFT-based play-to-earn game on the Ethereum blockchain has launched a staking program for their native token.