What is AXS coin? Introduction to the issue price, total volume and white paper of AXS coin

AXS Coin, the Ethereum-based play-to-earn token of the popular Axie Infinity game, has a capped supply of 270 million and an initial issue price of $0.06 upon its release in July 2020.

Oct 25, 2024 at 03:13 am

What is AXS Coin: An Overview of Issue Price, Total Supply, and Whitepaper

AXS Coin Overview:

AXS (Axie Infinity Shards) is the native utility token of the Axie Infinity game, an Ethereum-based play-to-earn game where players breed and battle unique NFT-based creatures called Axies. AXS provides governance rights, rewards ecosystem participants, and serves as the primary currency within the Axie Infinity metaverse.

Issue Price and Total Supply:

• Issue Price: The initial issue price of AXS was $0.06 USD on July 6, 2020.
• Total Supply: The maximum supply of AXS is capped at 270,000,000 tokens.

Whitepaper:

The Axie Infinity whitepaper, released on July 6, 2020, outlined the vision and mechanics of the Axie Infinity game and the role of the AXS token within the ecosystem. The whitepaper covers key aspects such as:

1. Gameplay Overview: Introduction to the game's concept, battling, and breeding mechanisms.
2. Axie Classification: Different types of Axies, their stats, and abilities.
3. AXS Tokenomics: Details on supply distribution, staking, governance, and use-cases within the game.
4. Breeding System: Explanation of the breeding process and the genetic transferability of traits.
5. Marketplace and Economy: Description of the in-game marketplace for buying, selling, and trading Axies and other assets.
6. Governance Structure: The role of the AXS token in the decentralized governance model.
7. Team and Advisors: Introduction of the Axie Infinity team and its advisors.