AXIE INFINITY METAVERSE GAMING CRYPTO TO $500! – AXS PRICE PREDICTION – AXS TECHNICAL ANALYSIS – $AXS
What is Axie Infinity (AXS)?
There are two main tokens used in the Axie Infinity ecosystem: Axie Infinity Shards (AXS) and Smooth Love Potions (formerly Small Love Potion) (SLP). As the platform’s native governance token, AXS holders form part of Axie’s decentralized organization and can help shape the development of the platform — such as by deciding how treasury funds should be spent or how the ecosystem fund is allocated. SLP, on the other hand, is earned by playing the game and can be used to breed new Axies.
AXS holders will soon be able to stake their tokens to earn a proportionate chunk of the AXS inflation. This feature is scheduled to launch in 2021.
Axie Infinity is designed to transition to a decentralized governance system, which sees AXS stakers take over some of the decisions surrounding the development of the platform. It is expected that Sky Mavis will no longer have the majority vote by October 2023. Governance features are expected to launch in 2021, whereas Axie Infinity should be governed by a fully decentralized organization by late 2023. Some things voters may have a say over could include: how treasury funds are spent and which features are prioritized in the development roadmap.
Users may need to hold AXS to participate in future Axie, Land, or item sales.
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DISCLAIMER: This is only my opinion and not financial advice.
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