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Reasons to Buy Axie Infinity (AXS)

• Axie is an ERC-721 NFT (Non-Fungible Token) that people play within the game.
• It is an ERC-20 token and harnesses the power of Ethereum Blockchain.
• It has a market share of more than $4.5 Billion.
• AXS is the native governance token of the Axie Infinity ecosystem.
• It has a maximum supply of 270 million AXS coins.

Axie Infinity was founded in 2018 by the developer, Sky Mavis, and his team, who all are skilled in game development.

It started with the aim of providing a battle game where users could collect digital pets. Axie Infinity is a trading and battling game that hosts Axies, which can be traded, raised, and used for battle in the game. Each Axie has four different stats: Health, Morale, Skill, and Speed; and comprises six body parts: back, ears, eyes, horns, mouth, and tail. 

Some of the most expensive Axies were sold for as high as 300ETH!

Things to consider before buying Axie Infinity (AXS)

• AXS token holders will be able to stake their tokens to earn rewards on the platform. 
• Users holding the AXS tokens can also buy land, Axie, or sale items.
• It is gaining a lot of popularity, with more than 100,000 unique users registering on Axie Infinity weekly.

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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.