An Honest Conversation with an Axie Infinity Manager?

Even while we see huge streamers and significant organizations hiring scholars by the dozens, we wanted to know what it’s like for a “regular” individual–someone who doesn’t have millions of dollars to back him up.

We spoke with Axie benefactors from all over the world to find out. “J.Mags” is a young professional chemical engineer with a gamer’s heart who works in the pharmaceutical industry.

READ MORE: Can You Make Money On Axie Infinity?

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Although he began with a tiny investment – P40,000 – his financial situation swiftly deteriorated as the Axie virus struck strong. J.Mags: I began participating in the game around the last week of June 2022.

I had meant to purchase a single team for myself and use it as a learning tool to better grasp how things worked on the blockchain. About a week later, I acquired another team for my brother, who happened to be my first scholar. Dota 2 is a game that my buddies and I like playing. When one of them encouraged us to play Axie, he told us that we could make money from it. To climb the leaderboards, I used to spend a lot of time grinding and even pay to win some of the games I was playing at the time (I spent P20K in Summoners War).

The difference between Axie Infinity and regular games, according to him, is that traditional games are pay-to-win, but Axie Infinity is play-to-earn. That prompted me to take the plunge and give it a go. I made a P40,000 investment in my first team. At the time, that sum of money could still buy respectable teams, but my friend assisted me because I had no knowledge of how things worked or which axes were the best at the time. To date, I have already invested around P400,000. Is it true that investing in a more costly team results in more profits? Is it correct to assume that if your P40,000 team can make the same amount back in three months, then a P150K team will give you the same amount in three months? I believe that investing in a better team is an example of the law of diminishing returns in action.

While you can obtain higher rewards, the amount you receive is not directly related to the floor price of axes. This suggests that having three P40K teams rather than a single P150K team is preferable in terms of financial efficiency. In terms of gameplay, it goes without saying that everyone wants to be on a profitable team. It’s just that I don’t have the financial means to purchase them. The Axie Infinity Scholarship is a wonderful chance to increase your passive income while also assisting others in earning a living on the side. The game is entertaining and popular since you are essentially engaging in a peaceful activity while making money in the process. Some players have even converted the game into a unique source of income, but it may also be transformed into a business endeavor for those who are willing to put in the effort.

The fact that getting into Axie Infinity to make money is not inexpensive means that there are many people who are intrigued but unable to make the necessary first commitment of time and money. Axies are normally $200 or less, and you’ll need at least three to get you started. There are a variety of lower-cost axes available on the market, but not all of them are suitable for Arena PVP.
As a result, not everyone is ready or able to spend and risk $600 or more, which is where the Axie Infinity scholarship comes in. To summarize, an investor or a manager will take the risk associated with the original investment before granting you an account that has three axes that are prepared for war.

You do not need to make any financial contributions, but you will only receive a reasonable share of the profits every 14 days or so.Since the success of Axie Infinity, everyone with a gaming (or investment) inclination who has learnt about the possibility of play-to-earn games has shown an interest in becoming involved. After all, who doesn’t like to spend their time playing games and making a respectable amount of money in the process? I’m sure I do! However, due to the current nature of the game, almost everyone is unable to participate. It is necessary to create a digital wallet, acquire three axes from the marketplace, and then sync those axes from the digital wallet into the game in order to be able to play.

Isn’t it a hassle merely to participate in a game? However, for the majority of gamers, this is not even the most significant hurdle. As of the time of writing this article, the lowest price of an Axie is around 0.1 ETH, or 288.08 USD per unit of currency. Players are willing to pay the price of 3 axes to begin playing because they know that their investments will be paid back in full within a month and that their investments will provide exponential returns over the course of a few months or years. Axie Infinity is not your typical game, so the price of 3 axes to begin playing is reasonable. This article provides a summary of how the play-to-earn feature works in Axie, and it can be found here. But what if a player is intrigued but cannot afford even a single axe,

let alone a team of three? Scholarships are intended to help students achieve their educational goals. Axie Infinity has implemented a system in which players are limited to one account per device, and if Axie Infinity discovers that you are using several accounts on the same device, those accounts will be banned and the Axies will become useless. This is done in order to prevent the game’s play-to-earn concept from being exploited. Scholarships are a way for gamers who have many teams of Axies to earn more SLP by combining their efforts. Utilizing axes, a manager (a player who has more than enough axes) may hire a scholar (a player who cannot afford his or her own axe team) to play the game for them while using their axes. The SLP earned by the scholar will then be divided between the management and the scholar in accordance with their mutual agreement on how to distribute the funds. It might be 50-50, 60-40, or whatever the outcome of their talk is.

Sereia Scholarship provides 70 scholars and 30 managers for each of their scholarship recipients. Scholars do not have access to the SLP that they have acquired while playing the game, and vice versa. It will be the manager who will be in charge of processing the SLP withdrawal. It is possible for the scholar to get either actual cash in their preferred currency (USD, PHP, etc.) or bitcoin as payment (AXS, ETH, etc.). Payment arrangements should be negotiated in advance due to the fact that withdrawals are only permitted once every two weeks. Because of the volatile nature of SLP and cryptocurrency in general, both scholars and managers should consider the timing of withdrawals. For example, what is worth $100 in SLP now may be worth $150 tomorrow or less, and vice versa.

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