Games & Play-to-Earn
What Is Axie Infinity Token, and Should You Buy It?
The cryptocurrency market demonstrates a downward trend starting from the spring of 2022. However, despite crypto winter, we should not give up and think that crypto is dead, as many people on the network say. On the contrary, every downtrend is always replaced by an upward tendency, and, as experienced investors say, it is wise to buy crypto on its bottom to make a fortune when the trend changes and prices skyrocket.
Which crypto to pick? There are many different crypto projects offering their assets. If you are fond of blockchain games, you have probably heard about one of the first and the brightest ones – Axie Infinity. For those who are not aware, we would like to discuss this project briefly. So what is AXS crypto, and is it worth investing?
Inspired by the trendy Pokémon game, the Axie Infinity developers created the play-to-earn platform where little cute creatures could be bred, collected, bought, sold, battled, etc. Every creature is NFT. They are divided by the level of their scarcity:
• Shore rare
There are over 500 different items and parts that can be used to collect and create NFTs, then trade them or battle them in tournaments. The more levels a player passes, the more resources one gets to buy new items and breed new creatures.
The AXS coin is available to third parties so they can develop their own NFTs and add them to the Axie World.
Axie tokens are available on all large platforms so you can buy the tokens. There is a threshold on participation in the game – you need at least three tokens to be a part of the Axie universe. Read the game rules carefully.
Since the token rate is now pretty low – $6.37, it is available for buying and holding, probably for everyone. The question is if the platform will continue developing and adding more scenarios in the game. The matter is that large players got somewhat bored playing the same game plots.
Another factor to consider is the platform safety. Axis was hacked in 2022 and over $625 million were stolen. As a result, it hit the play-to-earn platform and reduced its popularity.
If you want to buy AXS crypto, you may do it on the WhiteBIT cryptocurrency exchange.