Games generally push players to purchase advanced resources or view promoting on their foundation to acquire incomes. Axie Infinity (principle token AXS) brings an entirely different significance and worth to this field. Axie, a blockchain-based doing combating and exchanging game, is roused by famous games like Tamagotchi and Pokemon and permits players to gather, breed, raise, exchange, and fight token-based animals known as Axies.
What is an Axie Infinity (AXS) Coin?
Axie Infinity is a renowned blockchain-based game that was inspired by the Pokemon game series. Axie Infinity provides highly flexible gameplay, which is open-ended that allows players to collect distinguishing digital pets known as Axies.
The Axies can be traded, battled and raised throughout the Axie ecosystem; these are Non-Fungible Tokens (NFT’s) or ERC-721, stating that each part is a unique digital asset with particular traits.
AXS is the primary token of the Axie Infinity Network and is an ERC-20 token tradable on the Ethereum blockchain. SLP (Small Love Potion) is another token on the network that can be used to breed new Axies.
Key Characteristic of Axie Infinity (AXS) Coin
- Earn While You Paly: Earn- by- playing model of AXS led to the formation of the Axie Infinity scholarship economy. The well-heeled players are known as Managers who lend out a team of 3 Axies to the scholars, known as workers.
- Governance: The Axie Infinity offers a decentralized governance system, where AXS holders can make decisions for the platform’s development.
- Staking Rewards: Axie Infinity holders can stake their tokens to earn a good sum of the amount of the AXS inflation.
- Dual Token Strategy: Axie Infinity runs on two primary tokens AXS and SLP. The AXS token holders can shape the platform’s development. In contrast, the SLP users can use the token for breeding new Axies.
Primary Features of Axie Infinity (AXS):
There are four primary features of Axie: battle, land, breeding and marketplace.
- The battle is a turn-based card game where the players aim to defeat the enemies.
- Breeding of Axies can create offspring that can be bred, deployed in battle or sold.
- The homeland of Axie is called Lunancia, and it acts as the home for Axies.
- You can trade, buy or sell Axies in the Axie marketplace as well as other NFT marketplace.
How to Buy Axie Infinity (AXS) Coin?
You can buy Axie Infinity (AXS) in India from several different exchanges but a trusted firm like BuyUcoin is important. With BuyUcoin you can trade AXS in India along with 130+ cryptocurrencies in INR and USDT pairs.
Buy Axie Infinity (AXS) Coin in India — Step by Step Guide for Beginners
Follow this step by step guide to buy AXS Coin with BuyUcoin:
Step 1 — Opening of a Digital Wallet
A digital wallet contains all your cryptocurrencies and uses blockchain technology to communicate with other users. In-depth research is necessary before you decide where to open your wallet. Today, BuyUcoin is a leading digital wallet provider.
Step 2 — Open an Account
Visit the official BuyUcoin website to register and signup and open a service account. Fill your country and adhere to the terms and conditions to create your crypto-trading account.
Step 3 — KYC Completion
For the Indian jurisdiction, KYC is compulsory. Your data is secured and encrypted, and stored only in Indian data centres. To complete your KYC, you will be redirected to another URL. Image of your pan card is mandatory. The mobile number connected to your Aadhaar is essential.
Step 4 — Google 2 step Verification
Install the Authenticator app to secure your account with 2-factor authentication. If enabled, you will be asked to include a 6-digit one-time password with your email and password any time you log in to your account.
Step 5 — Add Bank details
Enter your necessary information, such as your name credentials, the holder’s account name, and the IFSC code.
Trade Axie Infinity (AXS) Coin
To trade or sell AXS coins, you need to open your account with any Crypto exchange. You can buy AXS coins on various crypto exchanges and can convert them into any other Cryptocurrency.
After buying, you can also transfer your AXS coin to your wallet and keep your private key safe. Users can exchange and accept cryptocurrencies with fiat (traditional) currencies.
Can I Use Regular Money to Buy Axie Infinity (AXS) Coin?
Yes, regular money or any fiat currencies such as INR in India can buy AXS Coin, which can be stored in your wallet. You can trade desirable cryptocurrencies, in a single tap, without any hidden transaction fees, using India’s leading cryptocurrency exchange BuyUcoin.
Getting an Axie Infinity (AXS) Coin Wallet
BuyUcoin is a multi-currency crypto wallet where AXS coins can be stored with high-end security features and cold storage wallets. Once AXS coins are sent to your wallet, you will receive a confirmation email. AXS coin will appear in your wallet when you refresh the BuyUcoin wallet.
You can also use the AXS Wallet available on the play store to store your tokens. AXS Coin can be traded on various other exchanges. Users can also visit the Axie Infinity website and start their journey.
Axie Infinity (AXS) Coin Exchanges
AXS can be exchanged with other cryptos and bought on renowned and prominent platforms and many other exchanges like BuyUcoin. BuyUcoin offers advanced charts for high-level traders while maintaining standard trading with a user-friendly interface. BuyUcoin has numerous coins, including AXS Coin.
Conclusion
AXS is more than just a cryptocurrency to the gaming community, and as a result, it is still valued in that ecosystem. In the near term, Axie Infinity is quite likely to be the market leader as a network that gives a new and unique location for crypto fans and gamers to meet and interact in their platform. Regardless of how things turn out, Axie will be recognised for transforming gaming from a time and money-sucking pastime to a money-making venture.
Discussion about this post