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What is Axie Infinity’s token AXS? How to buy and future potential

More and more people get to know about the game called Axie infinity.

Whether you’re playing Axie or seeing Axie as a growth business, you’ll want to know about AXS Tokens.

 

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What is AXS?

The AXS (Axie Infinity Shard) token is a cryptocurrency token introduced in November 2020.

You can get it through the top prizes in the game.

standard Ethernet (ERC-20)
Total supply 270,000,000
Market distribution volume (as of October 23, 2021) 60,907,500
Contract address 0xbb0e17ef65f82ab018d8edd776e8dd940327b28b

The current market distribution volume is about 60 million.

It seems that the number of tokens that will be issued from now on will increase.

Officially, it is said that a total of 270,000,000 AXS tokens will be issued by 2026.

What is the use of AXS?

On the official website, there are three main uses for AXS.

  1. Staking (deposit AXS and get a yield)
  2. Payment (cashed, used for NFT payment, etc.)
  3. Governance (There is a possibility that you can participate in the operation by holding more than a certain amount)

 

The price of this AXS as of October 20 2021, is about $200

Click here for the latest price

 

Where can I buy AXS?

Currently, there are no domestic exchanges in Japan that handle AXS.

Therefore, if you want to buy AXS, you need to open an overseas exchange account and make a transaction.

Considering the transaction status of AXS,

We recommend Binance, which has high liquidity (easy to buy and sell) and a large amount of transactions.

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The main pairs you can buy at Binance are

AXS / BNB, AXS / BTC, AXS / USDT, AXS / BUSD.

How to buy AXS

The easiest way to buy AXS is to go to the Binance conversion page ( https://www.binance.com/ja/convert ) and convert your virtual currency type (USDT here) to AXS.

Alternatively, you can purchase it from the market page ( https://www.binance.com/ja/trade/AXS_USDT?layout=pro&theme=light ), selecting AXS. (This is recommended if you want to decide the price you want to buy, but it will take time if the price you want to buy is far from the market price)

 

 

 

 

The profit distribution of AXS is set like this.

Of the total profit, 29% is distributed to staking, and 20% is distributed as the amount of money that can be earned by playing the game.

It may be a way to play for the time being and use the earned AXS for staking!

 

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