![]() An Axie costs around P30,000 in present value. Players are required to buy three digital pets or Axies which go into battle, and rewards are paid in cryptocurrencies. SLP tokens are earned by playing the game. SLP price is currently at $0.14 (US dollar) or almost P7. ![]() Once the BSP has determined that Axie Infinity play-to-earn game players are using and exchanging tokens or cryptocurrency assets known as Smooth Love Potion (SLP) as a form of payment for purchases, it will require its owner, Vietnam-based Sky Mavis or its local partner, to register with the BSP as an OPS, otherwise it should stop operating. “However, we’re also actively monitoring the level of merchant acceptance of SLP as a form of payment for goods/services, which may fall within the activities of an OPS,” said the central bank.Īn OPS can be cash-in service providers, bills payment service providers, and entities such as payment gateways, platform providers, payment facilitators and merchant acquirers that enable sellers of goods and services to accept payments, in cash or digital form. As such, it is watching how the blockchain gaming app participants are dispensing non-fungible tokens (NFTs) to pay for goods and services.įor now, the BSP said Axie Infinity owned by Vietnam-based Sky Mavis, “is not considered as VASP.” Keep Tracking Axie Infinity Tokens With DappRadarĪs always, we at DappRadar will continue to track and monitor developments in the Axie Infinity space.At present, the BSP’s jurisdiction over cryptocurrency-related activities cover VASPs. It will be fascinating to observe how the next few months evolve as the community get to grips with the AXS token and staking functions. Creating content & building tools/experiences.Īxie Infinity is a fascinating project that has captivated a strong audience and successfully built on the play-to-earn model.Using Axie Infinity products such as the Marketplace.Interacting with and tending to your land plots.The team behind Axie envisions players earning AXS by: Now, play to earn is catching on and Axie wants to scale the model to millions of players with AXS being the foundation of the mission. Source: Axie Infinity Axie Infinity Rewards PlayersĪ game needs players, and by simply playing, users are adding value to the network and should be rewarded. Holders will shape the future of Axie Infinity by signaling their support for upgrades to the ecosystem and directing usage of a community treasury. ![]() These are used to participate in key governance votes and will give holders a say in how funds in the Axie Community Treasury are spent.Īxie Infinity Shards (AXS) were introduced on Binance in November 2020 and are an ERC 20 governance token for the Axie universe. The Axie Infinity ecosystem also has its own unique governance token, known as Axie Infinity Shards (AXS). Land sales have clearly generated the most community interest and revenue and interestingly represent a future activity in the game. Perhaps more surprising is the weighting of this revenue across the various streams. Looking at the total $ amount accrued by Axie Infinity in Ethereum over its short lifespan it is clear that the blockchain game has found its place within a market dominated by a few.Īxie Infinity has already generated over 6500 ETH or $2.8 million. Furthermore, fractional ownership is allowed through the sharding of a single Axie. Looking at the data, it’s easy to see why when some Axies got to reach values of more than $60,000. ![]() Without SLP users cannot breed and breeding Axies to sell has become a popular pastime for some. Track AXS with DappRadar’s Token Explorer See the below chart to determine the cost for each parent breed count: (1st Parents Breed # x Potions Required) x (2nd Parent’s Breed Count x Potions Required) = Total SLP Required The cost per breed depends on the breed count of both parents Axie’s – the higher each parent’s breed count, the more SLP will be used.Įach parent breed # is multiplied according to the information below to determine the # of potions required: Breeding With SLPĮach time users breed an Axie, SLP is consumed. With the release of the Community Alpha on, XP was given a new purpose, so SLP was injected to take its place as the new “currency” behind breeding. Prior to the introduction of SLP, Axies used experience points, or XP earned through the original auto-battle system to breed. In this instance, the spent SLP will be burned and be replaced with a new Axie. Whenever you wish to breed new Axies, you need Smooth Love Potions. The token can either be mined through playing Axie Infinity, bought via Uniswap, or earned by participating in various promotions or tournaments. Smooth Love Potion, aka SLP, is an uncapped utility token that can be utilized within the game to breed new Axies.
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