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Cryptocurrencies/Coins/Axie Infinity (AXS)
Axie Infinity price, market cap on Coin360 heatmap

Axie Infinity(AXS)

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$6.9261
(0.92%)
0.00040853 BTC
Market Cap (Rank#59)
$691,599,312
40,794 BTC
Vol 24h
$11,410,476
673.043 BTC
Circulating Supply
99,854,113.86
Max Supply
270,000,000
1 day agocointelegraph
Axie Infinity is toxic for crypto gaming
Axie Infinity, like most cryptocurrency games, has provided players with an awful experience.
4 days agocryptodaily
The Revolution of Smart Contracts: Why they are disrupting the World
A smart contract is the brainchild of the blockchain evolution. Despite still being in its primitive phase, blockchain technology has introduced the disruptive concept of decentralization and showed how it can be used to solve different problems across a multitude of industries. When Ethereum was introduced by Gavin Wood and Vitalik Buterin in 2015, it sparked the emergence of the second generation of blockchain — bringing new techniques and ideas to handle distributed ledgers. One of these techniques included smart contracts, which opened the blockchain's doors to automation. Wait, What’s a Smart Contract? To fully understand what a smart contract is, the first thing to know is that it is a program that is hosted on a blockchain network. In addition to the guarantee that data is protected from being tampered with, each contract has specific predetermined conditions that will trigger certain outcomes when met. Furthermore, smart contracts also allow parties to agree on results accurately and timely. As they are not managed by a central authority, proper smart contract implementation offers an important infrastructure for automation. What’s more, they are shielded from single-point assaults made by malicious entities like hackers. Meanwhile, in multi-party digital agreements, smart contracts reduce counterparty risk, increase efficiency, reduce costs, and maintain transparency. What Influenced the Need for Smart Contracts? With the ever-progressing digital era, smart contracts have gained traction as the decentralized solution for preparation and execution of agreements. They are available for implementation among any two parties around the world. Not to mention, these contracts are accessible, easy to implement, transparent, and free of distance and geographical limits. For example, a company based out of South Korea can ink a deal with another organization from the U.S. without the need to physically travel and sign papers. After both parties have reached a consensus on the terms and conditions, a smart contract is created. Once finalized, it will be executed on the blockchain network and be registered as a blockchain transaction. What Can Smart Contracts Offer? The primary advantage of smart contracts is the minimized risk that two parties, who might be total strangers to each other, take when they are involved in a digital agreement. This is mainly due to the possibility that either of the participants could abandon their end of the bargain (also known as “counterparty risk”). Counterparty risks are mitigated through the use of centralized institutions, like banks, to uphold the contract’s terms. However, this design gives rise to another issue where the more prominent, centralized host can exercise authority over the contracts. Using smart contracts eliminates this possibility. Besides eliminating the need for a third party, using smart contracts comes with the following benefits: Security One of the key selling points of smart contracts is having the transaction run on the blockchain. This means that hackers cannot take advantage of vulnerable points. Moreover, within a smart contract’s conditions, no trusted intermediary can be bribed or otherwise influenced. Efficiency Smart contracts can increase efficiency for multiple parties with the help of automation of back-end processes. As a result, there's no need for manual data input, and no waiting for the counterparty to meet their end of the bargain — all while eliminating the need for intermediaries. Solidity Besides providing a high level of reliability, smart contracts have their logic processed redundantly and verified by a decentralized network of nodes. Consequently, this gives the agreement protection against tampering. The high accuracy of smart contracts makes them much more reliable than other processes, as they virtually guarantee that the contract will lead to the desired result as intended. Equity Smart contracts prevent for-profit intermediaries from taking advantage of their position to make money. To achieve this, a decentralized network is called into action to provide and enforce the terms. What are the Use Cases of Smart Contracts? DeFi Products DeFi applications use smart contracts to streamline services and simplify processes. For instance, through smart contracts, users can hold their funds in escrow and give them away to others based on predefined conditions. Tokens Individuals can use smart contracts to create, monitor and assign ownership rights to digital tokens stored on the blockchain. The tokens that these contracts issue have features and functions that are of good use to users. NFTs and Gaming The mass adoption of smart contracts is typically found in blockchain-based games like Axie Infinity, Nine Chronicles, Gods Unchained, and more. Another example is Planet IX, whose smart contracts are ground-breaking since they enable real in-game asset ownership, tradable in-game assets, P2E and on-chain random lottery functionalities, decentralized governance, and a game-economy liquidity provision. Soon, Planet IX users can anticipate a new in-game economy in lending and borrowing and tradable reward-streaming NFTs. Most importantly, there’s soon to be a cross-chain gaming experience. In Summary A smart contract is a digital way of executing an agreement between two parties. It eliminates the involvement of third parties, cascades geographical barriers, and executes agreements swiftly and reliably. Likewise, smart contracts over a blockchain can be tracked and managed safely, making them highly utile instruments. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
11 days agocryptodaily
How to make money with the metaverse: Axie Infinity (AXS), Gala (GALA), Orbeon Protocol (ORBN)
According to a panel of experts at a Fortune conference last week, businesses across a variety of industries are using the metaverse to operate more productively and effectively, but the consumer market for this technology is still in its infancy. According to a report from Citi, the metaverse economy could be worth between $8 trillion to $13 trillion by 2030. Here is how you can profit from this opportunity with Axie Infinity (AXS), Gala (GALA), Orbeon Protocol (ORBN). >>BUY ORBEON PROTOCOL TOKENS HERE>BUY Orbeon Protocol TOKENS HERE<< Summary Orbeon Protocol looks a lot like a complete package for the crypto investor. Their native coin, ORBN, is now available in a presale phase which opened at the end of October and runs through until January 2023. Experts are looking very favourably upon Orbeon Protocol, predicting that the price will grow from the current level of $0.000 to as much as $0.24 by the time the presale ends. There is money waiting to be picked up by early investors here. Find Out More About The Orbeon Protocol Presale Website: https://orbeonprotocol.com/ Presale: https://presale.orbeonprotocol.com/register Telegram: https://t.me/OrbeonProtocol Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
21 day agonulltx
Axie Infinity (AXS) And Decentraland (MANA) Investors Swarm Orbeon Protocol (ORBN) Presale after Crypto Market Sell-Off
It has been speculated that both the Axie Infinity and Decentraland communities are heavily involved in much of the activity buying up Orbeon Protocol — an early-stage project already seen by many as another big utility winner, with 6000% gains forecasted during presale. Keep reading to see why this might be happening. >>BUY ORBEON TOKENS […] The post Axie Infinity (AXS) And Decentraland (MANA) Investors Swarm Orbeon Protocol (ORBN) Presale after Crypto Market Sell-Off appeared first on NullTX.

About Axie Infinity

The live price of Axie Infinity (AXS) today is 6.9261 USD, and with the current circulating supply of Axie Infinity at 99,854,113.86 AXS, its market capitalization stands at 691,599,312 USD. In the last 24 hours AXS price has moved -0.1927 USD or -0.03% while 10,262,378 USD worth of AXS has been traded on various exchanges. The current valuation of AXS puts it at #59 in cryptocurrency rankings based on market capitalization.

Learn more about the Axie Infinity blockchain network and how it works or follow the price of its native cryptocurrency AXS and the broader market with our unique COIN360 cryptocurrency heatmap.

Developed in 2018 by Sky Mavis, a Vietnamese video game development company, Axie Infinity features amongst the most popular blockchain-based play-to-earn (P2E) online video games. Created on the Ethereum blockchain, it is inspired by popular gaming titles like Tamagotchi and Pokemon. Players collect, breed, manage, battle as well as trade NFT-based creatures called Axies. The game’s ecosystem is based on two ERC-20 tokens, Axie Infinity Shards (AXS) and Smooth Love Potion (SLP), both of which currently exist on the Ronin side-chain.

While the global gaming market has an extensive variety of NFT-based video games today, only a few have achieved the kind of staggering success that Axie Infinity has. It features over 2.5 million daily players and billions worth of gaming assets traded on its native marketplace.

Furthermore, with over 500 million in total value locked (TVL) in its smart contract, playing Axie Infinity has become the primary source of income for players in many developing countries.

AXS price

Although the Axie Infinity game was created in 2018, the AXS coin was launched in October 2020 through a public token sale, with AXS price set at $0.10 per unit. A total of 29.7 million AXS were sold out of a maximum supply of 270 million, raising close to $3 million for the project. 

Buoyed up by the wider crypto market bull run and the Ronin sidechain launch in February 2021, AXS price rallied to breach $10 in April 2021. However, it soon retraced to a low of $1.8 by May 19, 2021. AXS price stayed below $5 for the next two months and registered another remarkable rally starting July 2021, which culminated in its all-time high of about $166 on Nov. 6, 2021. AXS’s fully diluted valuation reached almost $45 billion at that point.

AXS coin has been in a corrective phase since its November 2021 high. According to our AXS live price chart, AXS price closed 2021 at under $100 and dipped further below $50 in Q1, 2022. That said, with ongoing ecosystem developments and the continuously growing interest in the P2E games, AXS’s next price surge may be just around the corner. 

How AXS works

While Axie Infinity is deployed on the Ethereum blockchain, Sky Mavis launched its own sidechain called Ronin, in February 2021, to avoid congestion issues on Ethereum, and to offer a seamless and cost-effective transaction experience to its players.

Ronin uses a Proof-of-Authority (PoA) consensus mechanism to secure its network and to process transactions occurring in the Axie Infinity ecosystem. It is a reputation-based consensus mechanism that facilitates quicker transactions owing to its limited number of validators, and hence features a largely centralized model. Unlike Proof-of-Stake systems, wherein validators are required to stake a certain quantity of tokens, in Proof-of-Authority, they stake their reputation, and are handpicked based on their credibility, in this case by the Axie Infinity team. Some of these validators are well-known brands like Ubisoft, Binance, Delphi Digital, Animoca Brands, Stable Node and Nansen.

AXS is the main governance token of the Axie Infinity network. It is also actively used for incentivizing players, buying in-game NFT assets, paying fees for breeding Axies and staking purposes. In addition, holding AXS makes players eligible to participate in certain auctions, sales and events held by the Axie Inifinity team.

AXS news, updates and highlights

AXS price action is largely governed by multiple forces, including ecosystem advancements, market-wide sentiment, regulatory developments and security breaches.

In 2021, Axie Infinity network underwent multiple improvements like the launch of Ronin sidechain, subsequent migration of native assets to Ronin, AXS staking launch and the November launch of Katana, a decentralized exchange for Ronin. In other noteworthy AXS news, in November 2021, a plot of land in the Axie Infinity metaverse sold for a whopping 550 ETH (worth $2.5 million at that time).

A few months down the line, in late March 2022, Axie Infinity’s Ronin blockchain suffered a major exploit, dubbed as the largest in the history of DeFi, leading to a loss of $625 million worth of players’ funds. However, helped by Binance and its own balance sheet, Sky Mavis has proven its commitment to reimburse all the affected users.

Frequently asked questions about AXS

  • Is it possible to mine or stake AXS?

No, you cannot mine AXS. However, it’s possible to stake your AXS tokens to earn staking rewards.

  • Which are the best AXS wallets available in the market?

The Axie Infinity team encourages using the native Ronin wallet available in both desktop and mobile versions, to store your AXS coins, SLPs, as well as in-game NFT assets. You can also use any other crypto wallet compatible with the ERC-20 tokens, such as Atomic Wallet. Trust Wallet, Trezor and Ledger Wallets.

  • What can I do with my AXS coins?

You can use your AXS coins to earn staking rewards, participate in Axie Infinity’s governance, buy in-game assets, breed your Axies and also participate in special sales/auctions held from time to time, by the Axie Infinity team.

  • What’s the best way to buy AXS coins?

The ideal way to buy AXS is through established crypto exchanges like OKX, Binance, Coinbase, Huobi Global and others. You can also use the Ronin network’s native DEX Katana, for AXS purchases.

Axie Infinity Price6.9261 USD
Market Rank#59
Market Cap691,599,312 USD
24h Volume11,410,476 USD
Circulating Supply99,854,113.86 AXS
Max Supply270,000,000 AXS
Yesterday's Market Cap682,347,000 USD
Yesterday's Open / Close7.0193 USD / 6.8266 USD
Yesterday's High / Low7.0193 USD / 6.7856 USD
Yesterday's Change
-0.03% ( 0.1927 USD )
Yesterday's Volume10,262,378 USD
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