Axie Infinity

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What is Axie Infinity ?

Axie Infinity is one of the most known NFT platforms or non-fungible token platforms, with at least $2 Billion in NFT sales. Along with NFTs speedily going into the mainstream, various people view the Axie Infinity coin as the different big weight NFT. The Axie Infinity became able to achieve this remarkable feat because different players partially own it. 

The Axie Infinity enables various users to breed, battle, correct, trade, and raise the tokenized characters named the Axes. These axes are NFTs that face the 3-man battle as the winning players gain the XPs or Experience Points. 

Primary features of Axie Infinity

• The Axie Infinity Crypto is related to NFT-based online video games, and these coins have been around since 2017. 
• The Axie Infinity coin holders can stake the tokens for earning a proportionate chunk of the Axie Crypto Currency inflation. 
• The Users of Axie Infinity currency may require holding to AXS for participating in the future land, Axie, or item sales. 
• Axie Infinity is currently developing the Lunacia SDK for the developers and the players.

Is Axie Infinity a promising cryptocurrency?

The Axie Infinity permits the users to earn coins by showing their gaming skills. Being one of the significant revenue-earner of Ethereum, the Axie Infinity price has reached 6 4000 ETH. The users can own these tokens, collect them, and utilize them across an ever-increasing world of games. 

How to use Axie Infinity?

You can use Axie Infinity coins in the following ways –

• Reporting cost – You can earn money by reporting loyally on the Axie Infinity markets. 

• International fund transfer – With Axie Infinity coins, you can transfer money internationally without the requirement of any mediator or changes. 

• Online payments – By using the Axie infinity currency, you can even make payments at online retailers and online stores. 

• Investment – Along with the rapid growth of the betting market, the value of Axie Infinity coins would also increase. 

Pros & Cons of Axie Infinity

Pros

• It is one of the most valued gaming cryptocurrencies by market capitalization. 
• It consists of a whitepaper along with predominantly defined goals and roadmaps. 
• The senior team of Axie Infinity has experience in both earning tokens from gaming and the blockchain market. 
• Based on Token Terminal’s report that measures the profit of numerous protocols, Axie Infinity has earned $40.2 million in revenue in the last seven days. 

Cons

• Ethereum and Bitcoin are the most popular and largest competitors. 
• The reporters mainly utilize the Axie Infinity coins and are not required for undergoing trade on the Axie Infinity Platform. 

Trade Axie Infinity on CoinSwitch

• You can begin the investments at a very minimum cost.
• Axie Infinity permits immediate withdrawal and deposits straight to your bank accounts.
• You can trade in this crypto at zero price.
• The UI is very much straightforward and also intuitive. 

Axie Infinity ICO summary

Axie Infinity is one of the most known NFT platforms or non-fungible token platforms, with at least $2 Billion in NFT sales. Axie infinity crypto by following the AXS chart on the coin exchanges, or you can earn them complementarity for reporting to various betting markets. 

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.