Axie Infinity Shards (AXS) is the governance token of the Axie Infinity gaming universe. It allows holders to vote on the game's development, stake tokens for rewards, and use it in the game's marketplace. AXS is available on various cryptocurrency exchanges and is used to align player and developer incentives, decentralize governance, and reward players for their participation.
Axie Infinity Shards (AXS) is the native utility token of the Axie Infinity ecosystem. It serves several purposes within the game:
Governance Token: AXS empowers its holders with voting rights, giving them a voice in the game's future development, decision-making processes, and treasury management. This allows players to influence how the game evolves and how its community treasury is utilized.
In-Game Transactions: AXS is used for in-game transactions, such as buying, selling, and trading digital assets within the Axie Infinity marketplace.
Breeding and Trading Axies: AXS is used to breed new Axies, which can then be traded in-game for other tokens or assets.
Staking: AXS holders can stake their tokens to earn rewards and participate in key governance votes. This incentivizes players to hold onto their tokens and contribute to the game's governance.
Play-to-Earn Model: AXS can be earned through gameplay, contributing to the play-to-earn model that Axie Infinity has pioneered in the blockchain gaming space.
Overall, AXS is a central component of the Axie Infinity ecosystem, facilitating various aspects of gameplay and governance while providing a means for players to earn rewards and influence the game's direction.
To store Axie Infinity Shards (AXS) tokens, you can use a trusted crypto wallet like Trust Wallet. Here are the steps to create a new wallet and manage your AXS tokens:
- Download and Install Trust Wallet: You can download the Trust Wallet mobile app or install the Trust Wallet Extension for your desktop browser.
- Create a New Wallet: Open Trust Wallet, choose "Create a new wallet," and select your backup option. You can also import an existing Web3 wallet if preferred.
- Search for AXS: On the wallet's Home screen, search for "AXS" or "Axie" and select AXS on the Ethereum Network or the Ronin chain.
- Buy and Manage AXS: You can buy AXS tokens and manage them within the wallet. AXS tokens can be stored securely and swapped for other tokens like Smooth Love Potion (SLP).
Additionally, you can also use other crypto exchanges like Kraken to manage and sell your AXS tokens.
To buy Axie Infinity Shards (AXS) tokens, you can follow these steps:
Choose a Platform: Select a reliable platform to purchase AXS tokens. Options include MEXC, Kriptomat, KuCoin, and Tap Global.
Create an Account: Sign up for an account on the chosen platform. This typically involves providing personal information and verifying your identity.
Deposit Funds: Add funds to your account using a payment method accepted by the platform. This can include credit or debit cards, bank transfers, or other cryptocurrencies.
Navigate to AXS: Find the Axie Infinity Shards (AXS) token on the platform and select it for purchase.
Set the Amount: Choose the amount of AXS you want to buy and complete the transaction.
Store Your AXS: Once purchased, store your AXS tokens securely in a wallet provided by the platform or transfer them to a non-custodial wallet for added security.
For detailed instructions, refer to the specific platform you choose:
- MEXC: Click on the "Buy Crypto" link on the top left of the MEXC website and follow the prompts.
- Kriptomat: Download the Kriptomat app, create an account, and use your credit card to buy AXS.
- KuCoin: Create a free KuCoin account, secure and verify it, add a payment method, and then buy AXS.
- Tap Global: Sign up with Tap, deposit funds, and purchase AXS tokens directly through the Tap mobile app.
