Axie Infinity Shards (AXS) are an Ethereum-based ERC-20 governance token designed specifically for the Axie universe. With the rapid development of blockchain technology, AXS is not only a token, but also a bridge for dialogue between players and developers. This article will take an in-depth look at AXS’s features, functionality, and its importance in the gaming ecosystem.
Basic features of AXS
AXS holders can earn rewards by staking tokens, participating in games, and voting on key governance. Players can also earn AXS tokens when playing various games in the Axie Infinity universe. This mechanism is designed to encourage players to participate and hold tokens for a long time. This kind of design can not only promote the activity of the game, but also give players a greater say in the ecosystem.
Decentralized Governance: Our goal is to make Axie the first game to be truly community owned and operated. This decentralized governance model opens up endless possibilities, but must be pursued with caution. In the past, some projects claimed to be “decentralized” but ended up being abandoned, leading to stagnation in the ecosystem. The decentralization of Axie Infinity will be gradually realized and the community treasury will be launched in early 2021.
Community treasury operations
The establishment of a community treasury will begin to receive the income generated by Axie Infinity as well as part of the staking rewards. Ultimately, this treasury will be governed by AXS stakers. Sources of revenue for the community treasury include:
25% transaction fee on all Axie NFT Marketplaces
Breeding fees for the AXS part: In the future, more revenue sources will be added based on new opportunities, such as cosmetics sales, competition registration fees, and licensing fees.
AXS staking mechanism: In the early stages of Axie Infinity, the amount of staking issuance will be high, which will encourage players to stake large amounts of AXS without requiring additional funding sources. However, as the amount of staking is gradually reduced, other funding sources will be needed to encourage a high proportion of AXS staking. The community treasury will be a potential source of funding, providing sustainable funding from fees associated with Axie Infinity.
AXS release plan
The unlocking of AXS will follow a predetermined schedule that will last 65 months from the start of public sales. The initial circulating supply is set at 59,985,000 AXS, accounting for 22.22% of the total supply. According to predictions, the total supply of AXS will not exceed 270,000,000.
Unlocking schedule: Lock-in period: Distribution will begin in the first to second quarter of 2021.
Partially Unlocked: AXS will be gradually unlocked over time, reaching the maximum possible issuance over the next few years.
The potential of AXS
The AXS token was designed in partnership with Delphi Digital, and the team has provided an AXS staking guide to help future holders understand the potential of AXS at a glance. This guide not only provides the details of staking, but also helps players better understand how to earn in Axie Infinity’s ecosystem.
in conclusion
AXS, as the governance token of Axie Infinity, provides players with the opportunity to participate in the ecosystem and promotes a decentralized governance model. With the activation of the community treasury and the issuance of staking rewards, the value of AXS will continue to increase with the development of the ecosystem. This is not only a reward for players, but also an incentive for the entire Axie Infinity community. In the future, as more opportunities arise, AXS will become an important force in promoting the continued development of Axie Infinity.