Axie Infinity is a blockchain game where players raise, battle and trade non-fungible token (NFT) pets called Axies. The game features two native cryptocurrencies, Axie Infinity Shards (AXS), which can be traded, and Small Love Potion (SLP), a reward token for players who spend time in-game.
In brief
Axie Infinity was founded in 2018 by tech game development studio Sky Mavis. The team was initially based in Ho Chi Minh City, Vietnam, and was co-founded by Trung Nguyen and Aleksander Larsen.
Trung Nguyen is the CEO of the Axie platform. He graduated with a bachelor's degree in computer software engineering and worked as an engineer at Anduin Transactions before co-founding Sky Mavis.
Aleksander Larsen is an ex-competitive gamer, credited as the co-founder and Chief Operating Officer of the Axie platform. Larsen has been in the blockchain gaming space since 2017. Before that, he worked as a security officer for the Norwegian Government Security and Service Organisation and still sits on the board of directors at the Blockchain Game Alliance.
The Axie team is made up of a team of experienced game developers.
Axie Infinity is a "play-to-earn" game in which players buy or sell items such as Axies, in-game property and accessories like flowers or barrels using the game's NFT marketplace.
Participating in the economy also generates in-game tokens called Small Love Potion (SLP). To participate, users must own AXS, which can be traded for major cryptocurrencies like Bitcoin, Ethereum, Dogecoin and others.
Axie Infinity Shards (AXS) are the native assets of the game and can be bought and sold on the platform. AXS serves as a governance token, allowing users to vote on updates in the game's development cycle. Specifically, holders have a say in how the Axie Community Treasury funds are spent.
The Pokémon-esque creatures in the game, called Axies, take various forms. There are over 500 available parts for their "bodies", including aquatic, beast, bird, bug, plant and reptile parts. These parts are class-ranked based on a rarity scale which includes the common, rare, ultra-rare and legendary levels of rarity.
An Axie's composition can be extremely diverse, making Axies highly variable, potentially rare and almost always unique.
Every Axie has various strengths and attributes needed for three versus three online battles, where the winning team earns more experience points. These points are necessary to level up an Axie, upgrade body parts and progress in the game.
The parts can also be cross-bred to create a new "offspring", which can be used in-game or sold in the NFT marketplace.
As briefly mentioned earlier, SLP is a secondary token awarded to players who spend time in-game and complete in-game quests. SLP tokens are required to breed new Axies, and each Axie can only do this a total of seven times. This helps achieve market control (Axie population control) and avoids spam.
Finally, token rewards will be available to users who stake AXS tokens. However, users must also vote, participate, and play to claim rewards.
In the Axie Infinity Universe, there have been significant developments and updates, especially with Axie Classic's resurgence and advancements in the Homeland feature.
These updates and future plans indicate a dynamic and evolving ecosystem within Axie Infinity, aiming to enhance user experience and engagement through new features, balancing updates, and community-driven activities.
AXS is the governance token for the Axie Infinity game. It is also used for staking and as a means of payment in the Axie marketplace.
Token holders can participate and help in shaping the game, as stated previously. They can also stake their tokens to earn more AXS, thus increasing their voting rights on governance proposals.
The maximum supply of AXS is 270,000,000. Upon launch, developers released the tokenomics breakdown shown below:
Based on various estimates, 100% of the AXS tokens will be in circulation by early 2026.
Axie Infinity is a crypto game that thrives on user engagement. It is a DeFi project that attempts to merge gaming, crypto and circular economies.
The game has acquired a strong community following, with its Twitter handle reaching nearly 1 million followers. Become part of that community by purchasing the AXS token using the SwissBorg app! Through this integration, SwissBorg provides AXS token holders with seamless access to a diverse range of financial services. Now, users can effortlessly buy, sell, and exchange AXS and other cryptocurrencies using 16 different fiat currencies like EUR, CHF, and GBP. This integration not only enhances the accessibility and usability of AXS but also promotes broader participation in the Axie Infinity ecosystem.
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