Introduction
As the globe continues to embrace cryptocurrencies, blockchain technology, and decentralized finance (DeFi), the market has seen considerable development and rise in the first half of 2021, owing to the appearance of new cryptocurrencies, particularly in the gaming industry. Gaming has always been a big business, but blockchain-based gaming (crypto gaming) has just lately gotten a lot of interest.
With the rise in popularity of non-fungible tokens (NFTs), which have a use case in crypto gaming, cryptocurrency tokens linked to NFT games such as Axie Infinity have seen massive gains in 2021, with the Axie Infinity token (AXS) price surging by as much as 30,621 percent from the start of the year to an all-time high of $165.37 in November.
Axie Infinity has swiftly risen to prominence as one of the most popular play-to-earn games in the world, thanks to its captivating and unique plot. Users may purchase and sell in-game items such as Axies (in-game characters), plots of land, and even accessories for their Axies, thanks to the gameplay’s unique ability and experience. Are you looking for the best exchange to buy or trade Axie Infinity coin? Follow along as I walk you through the process. But first, let’s look at how Axie Infinity actually works.
What is Axie Infinity?
Axie Infinity is an NFT-based online video game developed by Sky Mavis in Vietnam, and it is based on the Pokemon and Tamagotchi games. It’s a trading and combat game in which players may gather, breed, raise, battle, and trade digitized creatures known as “Axies.”.
Axies come in a variety of shapes and sizes, with over 500 distinct body parts to choose from, including aquatic, beast, bird, bug, plant, and reptile parts. Axies can have any combination of body parts, making them highly variable and often rare and unique. Parts from each type class come in four different rarity scales: common, rare, ultra-rare, and legendary.
Perhaps the finest area to make money playing online video games is the Axie Infinity NFT marketplace. You may breed axies on your own in the game so that they can fight other axies in the infinity cosmos. While some users purchase NFTs just to play the game, others view them as valuable assets that may grow in value over time.
And since each of these axies is an NFT, you can sell them on the NFT marketplace which is a decentralized market, where players can trade their valuable items (Axie, land) created from the game. There are three main ways to receive compensation on Axie Infinity which are through:
- The Axie Infinity (AXS) Token
- Non-Fungible Tokens
- Small Love Potions (SLPs)
The Axie Infinity ecosystem also has its own unique governance token, known as Axie Infinity Shards (AXS). These will offer holders a say in how funds in the Axie Community Treasury are used and will be used to vote in crucial governance votes.
Axie Infinity road map
Q4 2021: Land Gameplay Community Alpha.
Late 2021 / Early 2022: $AXS ecosystem begins:
- Governance.
- Play to Earn.
- Mainstream release of Axie Infinity on iOS/Android.
First half of 2022: Land gameplay.
Second half of 2022: Lunacia SDK Alpha
AXS Key Metrics
Token Name: Axie Infinity.
Ticker: AXS.
Blockchain: Ethereum.
Token Standard: ERC-20.
Contract: 0xbb0e17ef65f82ab018d8edd776e8dd940327b28b
Token type: Governance.
Total Supply: 270,000,000 AXS.
Circulating Supply: 57,915,813 AXS
Where can I buy the Axie Infinity coin?
Axie Infinity token, AXS has been performing well and has made it to the list of prominent cryptocurrency exchanges and Decentralized exchange platforms. But before I recommend places where you can buy the Axie Infinity coin, it is important to identify whether you want to buy the native token and not the NFTs.
In other words, if you want to purchase axie NFTs, you must participate in this play to earn the game. To play, you’ll need at least three axes, and since the cheapest of these NFTs costs roughly $200, you’ll need at least $600 to get started.
Whalesheaven is the place to go if you’re looking to buy an Axie Infinity coin and participate in the emerging blockchain-based game sector. Whalesheaven is a decentralized peer-to-peer custody-free crypto exchange platform that provides users with one of the greatest trading features. It offers several advantages over centralized exchanges, including the fact that users do not have to pay withdrawal fees while exchanging Axie Infinity tokens. Furthermore, trade takes place through multisig wallets, in which both you and the platform must agree to the fund being released. This process safeguards your transactions against any type of hacker or scammer.
Unlike other trading platforms like centralized exchanges that are prone to attacks because they hold the funds of their users. Whalesheaven, is designed to be free from most types of volatility as it sells a large amount of gaming coins without affecting the market price. All these sums make it one of the best exchanges to buy AXS or other crypto tokens. Axie Infinity coin may also be purchased on the following popular exchanges:
Decentralized Exchange such as:
- Uniswap
- 1inch
- Sushiswap
Centralized Exchange such as:
- Binance
- Kraken
- Coinbase
Why should i buy Axie Infinity on Whalesheaven?
Although there are multiple exchanges where a consumer may purchase an Axie Infinity coin, each exchange’s features and experience vary. A decentralized exchange (DEX) platform links cryptocurrency buyers and sellers directly through a peer-to-peer (P2P) marketplace, unlike a centralized exchange (CEX), which allows users to acquire cryptocurrency by exchanging fiat money.
On centralized crypto exchanges that are not custody-free, Whalesheaven has shown to be a better option for them. Whalesheaven users may buy and sell Axie Infinity coins with others for the lowest transaction and trading costs, without having to go through a KYC procedure, using a multisig crypto exchange technique.
WhalesHeaven also has a leg up on other decentralized exchanges since it uses multisignature wallets. By activating WH Cypher, users may additionally automate their trading procedure. Whalesheaven’s security is top-notch; it offers the finest decentralized safety for your funds available today.
Guide on how to buy Axie Infinity on Whalesheaven
Follow the steps below to start buying Axie Infinity coin on Whalesheaven:
Download WH Cypher — This is a browser extension that requires no sign up that allows users to create shared wallets across multiple blockchains and execute transactions jointly. A user’s funds are twice as secure and faster as transactions are done through Cypher are recorded as a single transaction on-chain.
Bid for an auction — Users can select a preferred cryptocurrency like AXS among a list of auctions available, set a preferred volume, then make an appealing bid and submit it to the seller.
Finish the trade — Users will be notified as soon as the trade is complete. The platform will assure your funds are protected throughout the whole trading process.
Wrapping up
People are starting to realize the vast potential of virtual land games. The unique ecosystem of Axie Infinity also contains a number of intriguing features and rewards. Due to the platform’s expanding popularity, Axie Infinity Shards and other currencies are now available on major exchanges like Whalesheaven, Uniswap, 1inch, Binance, Kraken, and others. To effectively profit from it, however, one must first comprehend all of its intricacies and dynamics.
A game’s adoption rate is substantially higher than any other aspect of DeFi. As a result, we should expect more from this subject in the future if blockchain games can genuinely generate a robust gaming economy.
Frequently Asked Questions (FAQ)
What are Axie Infinity token used for?
Axie Infinity Shards (AXS) is the governance token of Axie Infinity. It is thought of as the glue to connect all members in the Axie Infinity Universe. Users can earn AXS by playing Axie Infinity. AXS holders are able to claim rewards by staking, playing the game, or participating in governance activities.
What is AXS token price prediction?
Most cryptocurrencies continue to remain speculative assets, that is, no one can predict its future price. However, one should do proper research and analysis by staying up to date with the latest changes and news related to the token.
Should I buy AXS tokens?
Investing in cryptocurrency is a controversial topic. While some regard it as a terrific method to generate money, others consider it as a hazardous investment with a high level of risk. But AXS has developed tremendously since its inception. Before you buy, conduct your research and consider Axie’s long-term prospects
Is Axie Infinity long-term?
Axie Infinity has grown to where it is today because of this long-term thinking within the community, and that mindset will continue to drive Axie Infinity towards becoming a truly digital nation.
How Is the Axie Infinity 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.