Axie Infinity stakes its future success on AXS token
Axie Infinity dev Sky Mavis has announced the final key part of its longterm plan for the game’s success with the release of its AXS governance token.
To be launched through Binance’s Launchpad platform in early November 2020, 11% of the total 270 million supply will be released now, with the remainder of the tokens unlocked on a release schedule running through to 2025.
AXS will be priced at $0.10 at launch via Binance Launchpad, raising up to $3 million in terms of its hard cap.
The design of the AXS token covers both governance aspects of Axie Infinity, as well as rewards and payment.
For players, AXS can be earned through playing the game and will also be used as a payment option.
AXS can also be staked, earning rewards as a share of the game’s revenues, and allowing stakers to vote on proposals in terms of Axie Infinity’s future direction.
These features are expected to launch in Q1 2021.
The existing Small Love Potion token, which is used for breeding Axies, will remain in place.
You can read more about the design of the AXS token via its whitepaper.
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