In our commitment to broaden our offerings continually, we are introducing a new project addition - Axie Infinity. Axie Infinity is a blockchain game based on the popular Pokemon game.

This article provides you with a comprehensive overview of Axie Infinity, its native token AXS, tokenomics, functionalities, and its potential impact on the crypto ecosystem. Lastly, you will learn how to buy AXS coins.

What Is Axie Infinity?

The popular Pokémon video game series served as inspiration for the blockchain game known as Axie Infinity. Players have the opportunity to acquire tokens by participating in a variety of games.

The popularity of online games based on non-fungible tokens has been steadily increasing since 2017, and their rapid climb is just beginning. Like other games of a similar nature, such as CryptoKitties, which ignited the NFT gaming frenzy, Axie Infinity allows players to acquire, breed, fight, and trade fictional creatures known as Axies. Each Axie is a unique NFT that can be bred to obtain more Axies or traded through a P2P Axie marketplace within the game.

Additionally, players can generate income through two ERC-20 tokens, namely Axie Infinity Shards (AXS) and Smooth Love Potions (SLP), in addition to raising and trading Axies. Players can influence the growth of the platform through AXS, the primary Axie Infinity coin, and the game's key governance mechanism.

On the other hand, SLP is acquired through a player's participation in Axie Infinity. This resource can be used to breed more Axies, which can then be traded for AXS within the game. Decentralized cryptocurrency exchanges continue to allow investors to buy and sell both tokens, even if they do not wish to participate in the Axie Infinity game.

Gameplay

Axie Infinity is structured as an open-ended digital pet universe. One can think of Axie NFT assets as tickets that provide access to all existing and upcoming experiences built on top of the Axie intellectual property. In this sense, Axies function as the foundational layer for a world with limitless experiences.

The Axie core team will collaborate with the community to develop functionality for the game assets associated with the Axie brand.

Overview of AXS

Axie Infinity Shard, often known as AXS, is an ERC-20 token that is compatible with Ethereum. Initially, the purpose of this cryptocurrency was to facilitate the development of a more equitable reward system within the game and provide incentives to players who have invested a significant amount of time in this virtual environment.

This cryptocurrency is considered deflationary and limited because the total number of tokens that can be obtained is restricted to 270,000,000. This allows the AXS community to have a more significant influence over the value of their virtual token by utilizing the principles of supply and demand.

Through AXS, the Axie Infinity video game became more decentralized, and governance became significantly more transparent. Any player who possesses AXS tokens will be able to cast a vote for enhancements that should be implemented in the virtual environment.

Since it is built on the ERC-20 network, AXS can also be utilized in typical cryptocurrency market activities such as trading, purchasing, and selling.

Breeding

By breeding Axies, you can spend AXS tokens. In the breeding process, two Axies are paired to produce a new Axie that is superior to the original ones. However, it's important to note that the two Axies involved in breeding will become "sterile."

Ultimately, the breeding process allows for the blending of each Axie's genetics. The value of Axies is increased by their possession of six distinct characteristics. This not only makes them stronger but also increases your chances of winning battles.

Additionally, AXS possesses speculative value in and of itself. AXS can be freely traded and sold on exchanges without restriction. The value of AXS increases proportionally with the number of people playing Axie Infinity.

Staking

Staking allows members of the community who have a long-term plan and have locked up their AXS tokens to be rewarded. By staking your AXS tokens through the staking dashboard, you can receive AXS rewards.

In the future, staking AXS will grant users voting rights and the ability to vote using the Community Treasury, which now holds tokens worth over one billion dollars.

Tokenomics

Ecosystem Fund - 8%

Sky Mavis - 21%

Advisors - 7%

Play-to-Earn (P2E) - 20%

Public Sale - 11%

Private Sale - 4%

Staking - 29%

How to Buy AXS Tokens on CoinEx?

CoinEx is a global cryptocurrency exchange trusted by 5+ million users worldwide with 100% reserve. Users can now trade quickly and seamlessly with its 700+ tokens supported, including AXS.

To purchase AXS tokens on CoinEx, follow the steps below.

Create an Account: Start by signing up for a CoinEx account.
Deposit Funds: After logging in, deposit funds into your CoinEx account using any supported cryptocurrencies or deposit methods available on the exchange. Having funds in your account enables you to execute trades seamlessly.
Navigate to AXS Trading Page: Once your account is funded, go to the dedicated AXS trading page on CoinEx. You can find a search box and enter the term "AXS" to swiftly locate the trading pair associated with AXS tokens.
Choose a Trading Pair: Select the desired trading pair that matches AXS with another cryptocurrency. For instance, you may choose AXS/USDT to trade AXS against USDT (Tether).
Specify the Purchase Amount: Determine the quantity of AXS tokens you want to purchase. Input the amount in the trading interface, which will calculate the corresponding cost based on the current market price.
Execute the Trade: Execute the trade with the specified amount. Confirm the details, and if you are satisfied, submit the order.

Following these comprehensive steps, you can easily trade AXS tokens on CoinEx using the available trading pairs.