You can even check out a calculator HERE, where you can geek out to see how much money you can earn. It’s similar to renting out your car, but not having to worry about gas and wear and tear! I talk more about scholarships in this post HERE. What you would do is rent your Axie out to someone else and keep 25-50% of the rewards. The second way is to create a scholarship. I talked about this earlier, but liquidity mining has been very profitable for me and I have to mention it. One way you can earn passive income is by liquidity mining for the Ron token. Who doesn’t want to earn money while doing what they love right? Well, I love collecting these ideas like a chipmunk collecting acorns. 3 Ways to Earn Passive Income with Axie Infinity. When you stake the RON token you will earn rewards. You can actually take this RON token and stake it (this is the only thing you can do with the token now). If you provide SLP and Ether to the pool you will get the “mysterious” RON token. You can view Katana the DEX (Decentralized Exchange) of Ronin by clicking HERE. A katana is a sword that a Ronin (wandering Samaraii without a master has). The way to earn the Ron Token is by providing liquidity to the DEX of Ronin called Katana. The Ron token is so new you can’t actually buy it, but you can earn it from SLP. The bad news is in the future there will be a small fee for “every” transaction in the way of Ron tokens. Right now all the transaction on the Ronin network (that Axie Infinity uses) is free. Axie Infinity uses Ronin for transactions to help with gas fees on the Ethereum network. This helps incentivize players to win battles! What is the Secret 3rd token in Axie Infinity?Īxie Infinity also has a Ron Token and owning the token is similar to investing in the Ronin network.
They are given out to the top players on the leader boards. Oh, and you can even earn these Infinity Shards in the game as well. Unless the developers figure out a way to burn some of these Shards or produce less the price of them will probably go down. If you look at the white paper HERE you will notice even more Shards to be released in the future. The breed count is how many times the Axie was reproduced.
The amount of SLP needed is determined by how many times the Axie was bred. These Axies can be used in the game or sold to others players. The main purpose of SLP is to breed Axies to create more. Of course, anything can happen in the crazy world of crypto right? This program allows other developers and game designers to build stuff on the network to burn SLP.Īll of these plans are designed to reduce the supply of the token and will probably lead to an increase in the price.
Oh, and the developers are even in the works with creating a builders program. There might even be ways to use these Love Potions to rename your pets and give them new cosmetic stuff (like a pimp hat or cane).
#AXIE INFINITY SHARD UPGRADE#
The team is hinting at the capability to use these Love Potions to upgrade parts on your little fuzzy pets (I’m talking about Axies). The good news is the game Axie Infinity is being upgraded and in the future, there will be MORE uses for SLP. The reason the developers are doing this is to reduce the supply and increase the price of the SLP token. player SLP awards will be reduced by 30 to 50%. Nearly 60% of all SLP in circulation comes from adventure and daily quests.Īlso, (PVP) player vs. In the future, the developers are planning on giving players 0 SLP when questing with their Axies. As you can see from the chart below this happened! If there is TOO much SLP for sale and not enough buyers then the price will drop. In order for this to work there needs to be new players coming into the system to purchase this SLP otherwise inflation will happen. Guess what happened? Yea, tons of these tokens flooded the market. The challenge is some people (or bots) were farming SLP and then selling it for cash. You “used” to be able to earn SLP by questing and daily challenges. There is NO cap to the amount of SLP’s that are created in the game. You get them by fighting other Axies in an arena (PVP). SLP or Smooth Love Potions can be earned by playing the game. This Ethereum then can get sold for cash! Is Smooth Love Potion a Cryptocurrency?Ī Smooth Love Potion is a Cryptocurrency that can be sold on decentralized exchanges such as Uniswap for Ethereum.
#AXIE INFINITY SHARD HOW TO#
Keep reading and I’ll share how SLP and AXS work in the game, I’ll share the secret 3rd token and how to earn it, 3 ways to earn passive income from the game, and a cool story about police. Axie Infinity Shards are used as a governance token and also used to breed Axies. Smooth Love Potions are the game’s main currency and are used to breed Axies. There are Smooth Love Potions (SLP) and Axie Infinity Shards (AXS). One of the most popular play-to-earn crypto games is Axie Infinity and there are 2 main currencies in the game.
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