How to Buy Axie Infinity (AXS)

Buy Axie Infinity through Binance

• Binance is a cryptocurrency exchange which is the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software.

Buy Axie Infinity through Okex

• OKX (Chinese: 欧易), formerly known as OKEx, is a Seychelles-based cryptocurrency exchange and derivatives exchange. It was founded by Star Xu (徐明星) in 2017. OKX is owned by Ok Group, which also owns crypto exchange Okcoin. It is not available to US based investors. The company’s CEO is Jay Hao and CMO is Haider Rafique. Initially headquartered in Beijing, China, OKX is now under a blanket ban by Chinese regulators. On October 13, 2021, it issued a “Notice on Regulatory Policy in Mainland China”, announcing that it would continue its policy of “withdrawing from the Chinese mainland market” and would not establish an office or team in the region. However, according to Caixin, although the exchange officially announced that it would no longer set up an office in Mainland China, it still has a large number of R&D staff working in the region, including engineers, who continue to work for OKX in the form of third-party outsourcing companies.

Buy Axie Infinity through Gate.io

• Gate.io is a crypto exchange founded in the fall of 2017. The platform is a part of Gate Technology Inc corporation, and has a registration address in Virginia, USA. The platform does not have an official license. Its interface is available for working in three versions: English, Chinese and Japanese.

Buy Axie Infinity through Bitfinex

• Bitfinex is a cryptocurrency exchange owned and operated by iFinex Inc registered in the British Virgin Islands.Their customers’ money has been stolen or lost in several incidents, and they have been unable to secure normal banking relationships.Bitfinex was founded in December 2012 as a peer-to-peer Bitcoin exchange, offering digital asset trading services to users around the world. Bitfinex initially started as a P2P margin lending platform for Bitcoin and later added support for more cryptocurrencies.

Buy Axie Infinity through Kucoin

• Kucoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 8 million registered users from 700+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique ranking is in the top 5 globally. Known as the “People’s Exchange”, KuCoin operates in Seychelles, providing users with multi-language and 24/7 customer service. Meanwhile, KuCoin has established local communities all over the world in South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India, and other regions, providing users with the most local services. Currently, 1 out of every 4 crypto holders in the world is with KuCoin.

Step 3 – Withdraw Your Axie Infinity

Once you decide on an exchange, open an account and buy your Axie Infinity. Make sure to withdraw the Axie Infinity from the exchange to your personal wallet. Never leave coins on an exchange, as you risk losing them all if that exchange gets hacked or shuts down (which has happened in the past) and always double check address before send coins because you can send the coins to wrong address .

Overview

Who Are the Founders of Axie Infinity?

Axie Infinity was founded by tuple, a group of four individuals: John Lane, Taylor Liu, Matt Hall, and William Entriken.

Axie Infinity was created in 2018 by Sky Mavis — a technology-focused game developer with a team primarily based in Vietnam. It was co-founded by Trung Nguyen and Aleksander Larsen.

Trung Nguyen is the current CEO of the platform. Nguyen graduated with a BS in computer software engineering, and worked as a software engineer at Anduin Transactions prior to founding Axie Infinity.

Former competitive gamer Aleksander Larsen is also credited as a co-founder and COO of the platform. Larsen has been working in blockchain gaming since 2017. He previously worked as the executive security officer for the Norwegian Government Security Organization and still sits as Secretary of the Board of Directors at the Blockchain Game Alliance.

In total, the Axie Infinity team consists of 25 full-time employees — many of whom have experience with game development.

What Makes Axie Infinity Unique?

Axie Infinity is unique in several ways:

1. Collectible creatures: The core of Axie Infinity is the collectible creatures known as Axies, which are unique, digital assets that can be collected, battled, bred, and traded by players.

2. Decentralization: Axie Infinity uses the Ethereum blockchain to store Axies, making them fully owned and controlled by the player. This provides security and transparency.

3. Gaming experience: Axie Infinity offers a unique gaming experience that combines elements of strategy, resource management, and community building.

4. Earn rewards: Players can earn rewards in the form of cryptocurrency for participating in battles, breeding, and trading Axies, making the game more engaging and economically rewarding.

5. Thriving community: The platform has a vibrant and supportive community that participates in the development and growth of the game.

These unique features make Axie Infinity stand out as a blockchain-based gaming platform and attract players who are looking for something new and different in the gaming world.

Axie Infinity Gameplay

Axie Infinity is a turn-based strategy game where players collect, battle, breed, and trade creatures known as Axies. The game is set in a fantasy world where Axies are used to solve various problems and participate in battles. The gameplay can be summarized as follows:

1. Collection: Players collect Axies by purchasing them from the marketplace or breeding them. Axies can have different body parts, stats, and abilities, making each Axie unique and valuable.

2. Battle: Players use their Axies to participate in battles against other players or computer-controlled opponents. Battles are turn-based and involve strategy, resource management, and positioning.

3. Breeding: Players can breed their Axies to create new and more powerful creatures. Breeding requires resource management and strategy, as players must balance the cost of breeding with the potential rewards.

4. Trading: Players can trade their Axies on the marketplace, where they can be bought and sold for cryptocurrency. Trading allows players to earn rewards, build their collection, and participate in the broader Axie Infinity economy.

In addition to these core gameplay elements, Axie Infinity also offers a thriving community where players can share tips, strategies, and engage in various other activities. The game is constantly evolving, with new features and improvements being added regularly, making the experience always fresh and exciting.

Play-to-Earn Model

The play-to-earn model in Axie Infinity allows players to earn rewards in the form of cryptocurrency for participating in various activities in the game. This model incentivizes players to engage in battles, breeding, and trading Axies, creating a vibrant and active in-game economy. Some of the ways players can earn rewards in Axie Infinity include:

1. Battle rewards: Players can earn rewards for participating in battles and winning matches. The rewards are paid out in the form of cryptocurrency and can be used to purchase new Axies, participate in breeding, or traded on the marketplace.

2. Breeding rewards: Players can earn rewards for breeding their Axies and creating new and more powerful creatures. Breeding is a resource-intensive activity, and the rewards incentivize players to invest their time and resources in the game.

3. Trading rewards: Players can earn rewards by trading their Axies on the marketplace. As the Axie Infinity economy grows and more players participate, the demand for Axies increases, leading to higher prices and potential rewards for players who trade them.

Overall, the play-to-earn model in Axie Infinity creates a strong motivation for players to participate in the game and drives the growth and development of the Axie Infinity economy. It also provides players with an opportunity to earn real-world rewards for their in-game activities, making the game more engaging and rewarding.

How Does Axie Infinity Work?

Axie Infinity is a decentralized application (dApp) that runs on the Ethereum blockchain. It uses smart contracts to manage the ownership and transactions of the digital creatures known as Axies. The platform operates as follows:

1. Collection: Players purchase Axies from the marketplace using cryptocurrency (typically Ethereum). Each Axie is a unique, non-fungible token (NFT) that is stored on the Ethereum blockchain and is fully owned and controlled by the player.

2. Battle: Players use their Axies to participate in battles against other players or computer-controlled opponents. Battles are turn-based and use smart contracts to manage the rules, rewards, and outcomes.

3. Breeding: Players can breed their Axies to create new and more powerful creatures. Breeding also uses smart contracts to manage the process and ensure that the offspring are properly recorded on the blockchain.

4. Trading: Players can trade their Axies on the marketplace using cryptocurrency. The marketplace uses smart contracts to manage the transactions and ensure that ownership is transferred securely and transparently.

The use of smart contracts and the Ethereum blockchain ensures that the game operates in a decentralized and trustless manner. This eliminates the need for a central authority to manage the game and provides players with full control over their assets. Additionally, the blockchain provides security and transparency, making it difficult for any party to manipulate the game or exploit its rules.

How Many Axie Infinity (AXS) Coins Are There in Circulation?

The total supply of Axie Infinity (AXS) coins is currently capped at 2 billion. However, the exact number of coins in circulation can vary depending on various factors such as the rate of token burning and the number of tokens being held by the team or in reserves.

It’s important to note that the total supply of AXS may change over time based on the decisions of the Axie Infinity development team and the broader community. Additionally, the exact number of coins in circulation can also be affected by factors such as market demand, trading activity, and other economic factors.

To obtain the most up-to-date information on the total supply of AXS and the number of coins in circulation, it is recommended to check reliable sources such as the Axie Infinity website, or cryptocurrency data and market tracking websites.

How Is the Axie Infinity Network Secured?

The Axie Infinity network is secured by the Ethereum blockchain, which uses a decentralized consensus mechanism known as Proof of Work (PoW). This mechanism allows the network to maintain a secure and accurate ledger of all transactions and activities on the platform.

In a PoW consensus mechanism, a network of nodes (known as “miners”) compete to solve complex mathematical puzzles in order to validate transactions and add them to the blockchain. The first miner to solve the puzzle adds the block to the blockchain and receives a reward for their work.

This mechanism provides a high level of security for the Axie Infinity network, as any attempt to manipulate the network or change the information recorded on the blockchain would require a massive amount of computational power, making it extremely difficult for any single entity to do so.

Additionally, Axie Infinity uses smart contracts to enforce the rules of the game and ensure that all transactions are processed transparently and accurately. These smart contracts are immutable, meaning that once they are deployed to the network, they cannot be altered. This provides further security and trust in the platform, as players can be confident that the rules of the game will not change over time.