Axie Infinity Price - AXS Price in USD with Live Chart

What is Axie Infinity Coin?

Axie Infinity coin, or AXS, is a cryptocurrency used within the Axie Infinity ecosystem. It works on Ethereum blockchain networks and is indicated as ERC-20. AXS is used to purchase Axies, breed them, and participate in battles and other activities within the game. Additionally, AXS holders can vote on governance proposals and receive a portion of the platform's revenue.

How Does Axie Infinity Coin Work?

AXS is designed to be a utility token within the Axie Infinity ecosystem. It can be earned through gameplay. One can purchase them on exchanges or earn them through staking. AXS holders can use their tokens to purchase Axies or breed them to create new Axies. Additionally, AXS can be staked to earn rewards and participate in governance decisions.

The History of Axie Infinity Coin

The development of Axie Infinity began in 2018, and the game was launched in 2019. The Axie Infinity coin, AXS, was first introduced in 2020 through an initial exchange offering (IEO) on the Binance exchange. Soon after its launch the price of AXS increased tremendously and reached to $150 in 2021 creating records. 
 

The Future of Axie Infinity Coin

Axie Infinity has quickly become one of the most popular blockchain games, with a growing player base and a thriving marketplace for Axies and other in-game items. Since the demand for cryptocurrencies is increasing daily there is a possibility that the need for AXS can increase. This can subsequently increase its price. Upgradation of the decentralized self-governed companies and to development of new games and events inside the Axie universe are some of the future objectives of Axie Infinity. 

How to Buy Axie Infinity Coin

Binance, Huobi, and Coinbase ate some of the cryptocurrencies that can be exchanged for purchasing AXS. For purchasing AXS all you need is 

• First, create an account on one of the above exchanges. 
• Finish the important identification steps.
• Next, deposit funds in your account.
• Then you can start purchasing AXS at the recent market value.

How to Store Axie Infinity Coin

Any wallet that supports ERC-20 tokens can be used to store AXS. MetaMask  MyEtherWallet and Ledger are some of the famous wallets. When storing AXS, it's important to keep your private keys secure and to always use reputable wallet providers.

The Risks of Axie Infinity Coin

Like all cryptocurrencies, AXS carries some level of risk. Various factors like market sentiment, updates in games, broader trends in the crypto market etc are responsible for the rapid fluctuations of the price of AXS. Additionally, the Axie Infinity platform is still relatively new and is subject to a variety of risks, including regulatory and security risks.