AXS Crypto Token Game Recently Launched Staking Program

Rancakmedia.com – What is the AXS coin? AXS crypto is one of the most popular assets now. This token is part of Axie Infinity, a game for collecting non-fungible tokens (NFT) based on the Ethereum network.

Axie Infinity is a trading and fighting game in which players can collect, breed, grow, battle, and trade Axies, which are effectively NFTs of varying qualities and abilities.

The AXS token, which is also traded on many crypto exchanges, represents a small part of the gaming industry. This token was released in 2018. AXS currency is already traded on Binance, Huobi Global, OKEx, and FTX, and Tokocrypto.

Some experts suggest, AXS may be set for a possible bullish spike in the coming days.

In addition to purchasing them directly, players can also earn in-game achievements, such as topping the leaderboards or winning tournaments. They recently announced the implementation of a staking program for their native token, Axie Infinity Shards (AXS).

Holders of AXS currency can start staking their tokens, while incentives will be implemented within 24 hours to guarantee all time zones can be staked beforehand.

“Staking is a method for us to reward our community members for having a long term attitude and locking up their AXS tokens,” said the Axie Infinity team as part of the release.

The Axie Infinity community has over 18 million AXS tokens worth over $1.4 billion at the time of writing. Quoted from cointelegraph, as many as 2 million AXS tokens will be issued in the first month of the staking program.

Approximately 58 million of the 270 million AXS tokens currently in circulation, and the remainder will be issued through staking, game rewards, and the ecosystem rewards structure.

Conclusion Regarding the Recently Launched AXS Crypto Token Game Staking Program

Axie Infinity is a trading and fighting game in which players can collect, breed, grow, battle and trade Axies. The Axie Infinity community has over 18 million AXS tokens worth over $1.4 billion at the time of writing. Some experts suggest, AXS may be set for a possible bullish spike in the coming days.