Understand how Axie Infinity game and AXS price are related
Axie Infinity Shard
27 Mar, 2023
Axie Infinity Shard statistics
AXS is the cryptocurrency of the Axie Infinity platform, a game developed based on the Ethereum network blockchain that fits into the “play-to-earn” mode, ...
Axie Infinity: all about the game and token
What is the price of AXS?
In June 2022, the price of AXS was 20.73 USD. Still in that month, the cryptocurrency suffered several variations, such as a drop of 5.7% and a growth of 4.6%, which generated a trading volume of just over 192,966,769 USD. With a circulating supply of 80 million units, AXS has the total supply of 300 million tokens.
Is AXS a cryptocurrency or a token?
AXS is a governance token. Tokens are digital assets that do not have their own blockchain and are built on an existing one to function. Cryptocurrencies, in turn, have their own blockchain. Despite this, these terms are often used interchangeably. AXS uses the Ethereum blockchain and is the digital asset that grants its holders the right to vote and participate in the project proposals. In this case, in the Axie Infinity game.
What's Axie Infinity and how it works?
Axie Infinity is a play-to-earn or “play to win” blockchain game, launched in 2020. In addition to being based on NFTs (Non-Fungible Tokens), which are unique collectible assets, Axie Infinity has its Smooth Love Potion (SLP) token, the in-game currency, and the governance token Axie Infinity Shards (AXS). As players reach different levels, they earn rewards in AXS tokens.
How to buy the AXS token?
The safest way to buy AXS is using the services of an exchange. Bitso is one of the fastest growing digital currency exchanges in Latin America. After registering on the Bitso website or app, you can buy AXS and other tokens or cryptocurrencies in a quick, simple and safe way, starting with 5 USD. If you need guidance, just contact our team of experts!