One article to understand what AXS coins are and which country AXS coins are from

AXS coins, the native tokens of Axie Infinity, empower holders with governance rights and reward players for in-game accomplishments within the popular play-to-earn blockchain game.

Oct 24, 2024 at 08:13 pm

Understanding Axie Infinity Shards (AXS): A Guide to the Native Token of the Axie Infinity Ecosystem

1. Introduction to Axie Infinity Shards (AXS)

AXS coins are the native utility tokens of the Axie Infinity ecosystem, a blockchain-based play-to-earn game where players collect, breed, battle, and trade digital creatures called Axies. AXS coins empower holders with governance rights and provide rewards within the Axie Infinity platform.

2. Origin and Country of Origin

AXS coins are from Vietnam, the home country of Sky Mavis, the development team behind Axie Infinity. The project initially launched in March 2019 and gained widespread popularity during the cryptocurrency bull market of 2020-2021.

3. Tokenomics

The total supply of AXS coins is capped at 270 million. The distribution of AXS is as follows:

• 29%: Treasury
• 21%: Play-to-Earn (Axie Infinity staking)
• 20%: Axie Community Treasury
• 15%: Private sale
• 14%: Advisors, seed round, and strategic partners

4. Utility and Benefits of Holding AXS

• Governance: AXS holders can participate in decision-making processes related to the Axie Infinity ecosystem, including proposals for future game development and tokenomics updates.
• Staking: Staking AXS earns passive income through governance rewards and Axie breeding discounts.
• Play-to-Earn Incentives: Players can earn AXS coins for completing in-game achievements, such as winning battles and participating in tournaments.
• Discounts and Exclusive Benefits: AXS holders receive discounts on Axie purchases and access to exclusive features within the Axie Infinity platform.

5. Where to Buy and Store AXS

AXS coins can be purchased on reputable cryptocurrency exchanges, including Binance, Huobi, OKX, Coinbase, and Gate.io. For secure storage, it is recommended to keep AXS coins in a hardware wallet or a reputable non-custodial software wallet.

6. Conclusion

AXS coins play a vital role in the Axie Infinity ecosystem, empowering players and the community with governance rights and providing incentives for in-game engagement. As the popularity of Axie Infinity continues to grow, the value and utility of AXS coins are expected to remain significant.