Most players are in the game to compete and earn SLP (Smooth Love Potion) and they want to buy Axies that can give them an edge. By volume, this type of participant comprises most of the market. These rare assets tend to cost a lot, which is one factor that skews the overall average price of an Axie.Ĭompetitors The other type of Axie buyer and seller is the competitors. This is similar to the larger NFT world where investors buy an NFT hoping that the value will rise over time and they can sell to make a profit. They may use their Axies in competitive gameplay, but they mainly care about their value as NFTs. One type is collectors and the other is competitors.Ĭollectors The collectors care primarily about the rarity and value of the Axies. There are really two distinct types of buyers and sellers within the marketplace. Here is a version that you can filter to see other trends in Axie pricing: However, that average is obviously very skewed by purchases of very rare Axies like Mystic Axies. The overall average price of an Axie in the past 24 hours is $0.00
Read on for critical info that will help you make an informed decision. However, there are a lot of nuances to understand before plunking down your hard-earned cash. How Much Does It Cost To Play Axie Infinity?Ī very general answer for how much it costs to play Axie Infinity right now is roughly $300 USD. Is it worth investing in Axie Infinity?.Is there a way to play Axie Infinity for free?.Should I Invest in More Expensive Axies?.What Are the Factors that Influence the Price of Axies?.How Much Does a Productive Team of Axies Cost?.How Much Does It Cost To Play Axie Infinity?.An NFT acts like a deed of ownership for a provably scarce digital item, and in Axie Infinity, NFTs represent one-of-a-kind cartoonish monsters, customizable land plots, and other items. AXS set an all-time high of $162 less than a week ago, and has skyrocketed over the course of 2021, rising from a price of under $0.60 on January 1.Īxie Infinity has rapidly become the most prominent blockchain game on the market, generating more than $2.8 billion worth of NFT trading volume to date, per CryptoSlam. The game’s AXS governance token is also up today, rising 10% over the last 24 hours to a current price above $150. SLP is key to the monster battling game’s play-to-earn model, as users earn token rewards for competing against other players online and can swap the tokens for other cryptocurrencies. RON rewards will be activated for the AXS/ETH & SLP/ETH pools later this week.įull article 👇 /QXmEs5YfOjĪccording to a post from Sky Mavis, Katana is designed to simplify the process of moving funds around the Axie ecosystem and minimize fees, as well as increase liquidity for assets and “reduce our reliance on other parties by becoming the largest exchange for our ecosystem’s tokens.”Īxie’s SLP token has pumped significantly since Katana’s launch this morning, and is currently up 74% to a price of nearly $0.12 per token, per CoinGecko. You can now deposit liquidity and swap tokens. Today, we take one step closer to a more prosperous future for our nation ✨ Users can stake tokens into SLP/ETH or AXS/ETH pools on Katana to provide liquidity and earn rewards.
SLP PRICE AXIE INFINITY FREE
Currently, users are allowed 100 free Ronin transactions per day, but eventually the network will transition to using RON for Ronin fees. Sky Mavis, the developer of Axie Infinity, has also launched a new RON ecosystem token that will be used for Ronin transactions. Because it’s a decentralized exchange, transactions take place via user-backed liquidity pools with no centralized authority or middleman. With the initial version of Katana, players can swap Axie Infinity’s Smooth Love Potion (SLP) reward tokens and AXS governance tokens (those that grant voting rights to holders), along with Wrapped Ethereum (WETH) and the USDC dollar-pegged stablecoin. That means that players don’t have to bridge tokens to Ethereum first, for example, which introduces additional fees and hassle to the process.
Launched early this morning, Katana is a DEX that runs natively on Ronin, making it easier for Axie Infinity players to swap tokens directly on the sidechain itself. Now Ronin has picked up added utility with the rollout of its own decentralized exchange (DEX), and the game’s tokens are surging in price today. It also has a new ecosystem token of its own called RON.Įthereum -based play-to-earn game Axie Infinity exploded in popularity this summer following the launch of Ronin, a custom sidechain that enabled speedy, low-cost transactions.
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