Axie Infinity: How To Earn Money, and How Much?

Axie Infinity is an online multiplayer video game that has garnered popularity among gamers and members of the cryptocurrency industry.

The game incorporates axies, which are Pokemon-like animals with unique abilities that can be sold and swapped as non-fungible tokens on peer-to-peer (P2P) markets.

READ MORE:  How to Make Money with an NFT Marketplace Like Axie Infinity?

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Axie Infinity Shards (AXS) and Smooth Love Potion (SLP) are two Ethereum tokens that gamers may earn in Axie Infinity Shards (SLP). Traders use these tokens to trade on cryptocurrency exchanges in order to generate revenue.

Over the course of the last two months, AXS has provided traders with returns of more than 2,000 percent. Further examination of AXS reveals that the USD Tether (USDT) market accounts for approximately 81 percent of all Axie Infinity transactions.To put it another way, traders are swapping AXS for stablecoins in order to protect their winnings.

On the other hand, the growth in the number of daily active users, on the other hand, mitigates the current selling pressure that results from profit-taking on exchanges. Coinbase, a cryptocurrency exchange, has recognized an increase in AXS demand from crypto fans and placed Axie Infinity Shards on its platform. The listing was announced on Twitter by the exchange, which is situated in the United States. Despite the fact that the AXS price has increased as a result of the Coinbase listing in the last week, there are other methods to profit from Axie Infinity.

Each distinct method employed in the game provides the player with a diverse selection of profit-taking chances. According to their axes, abilities, and other incentives earned through game play, players who put in many hours a day can earn anything from $8 to $40 each day. To begin playing, traders must first deposit Ethereum into the Ronin wallet—Axie Infinity’s sidechain that is linked to the Ethereum blockchain—and then purchase Axies. One of the most common tactics is to purchase two Axies and breed them together to create a third. To make a respectable profit while playing the game, three axes are required. Purchases of extra creatures and the provision of scholarships to new players who are unable to finance their axes allow gamers to generate a passive source of money.

The money is obtained through a profit-sharing arrangement between the scholarship provider and the participant. despite the fact that there are fees associated with each phase of the process, such as purchasing axies (which costs around $800), breeding them, and so on. It is possible to earn an average of $270 for every Axie that is sold on an NFT marketplace by a user. Traders must play the game for 50 to 80 days in order to recoup their original investment of $800, after which they may expect to make anywhere between $10 and $15 each day by participating in it. Seventy Seven Six co-founder Alexis Ohanian remarked on Axie InfinityIntoTheBlock statistics, which indicate that the rise in “total with balance” addresses (those who have AXS tokens in their wallet) has outpaced the growth in “total zero balance” addresses (those who have no AXS tokens in their wallet), which is considered a bearish metric). As a result, there are more traders who are holding AXS than there are traders who are taking profits at the current price level.

The positive feelings associated with possessing the gaming token are indicative of long-term growth potential. Players keep their AXS for an average of roughly eight months, which is a positive measure of the token’s on-chain growth and investor trust in the token. Analysts at FXStreet have set a price target of $100 for AXS because the stock looks like it could be volatile.How can you make money in Axie Infinity so that you may earn some passive income while having a fun time playing the game? Thousands of players have the possibility of making significant money in this play-to-win game. Below you will find a list of the most common ways to make money in Axie Infinity, as well as an estimate of how much money you may make from each of these methods. Axies are charming digital creatures that players may grow on Axie Infinity.

Players can raise as many as they like in the game. These pets may then be used to aid them in fighting, much like they would Pokémon in battle. Several gamers have stated that Axie Infinity has been their primary source of revenue in recent months. In the realm of Axie Infinity, there is a tremendous possibility for those who know how to maneuver their way around. The Farming and Harvesting SLP is the beginning point for the majority of new players, especially beginners. Smooth Love Potion is a gaming token that you may earn by participating in fights and tasks as you go through the game (SLP). In the game, SLP is a precious resource that is constantly in great demand. The reason for this is that in order to produce axies, SLP tokens must be used. SLPs can be sold on the Axie Marketplace if you have a surplus of them. When you were playing at a lower level before Season 20, you received a different SLP award.

People with greater levels of SLP were rewarded with more of them. In order to maintain economic balance, the SLP awards for Daily Quest and Adventure Mode have been cut by 50%. Along with the Axie Burning Mechanism, these modifications are intended to increase the value of SLP and the game’s economy. It is a premium game that is a part of the new wave of cryptocurrency and non-fungible token (NFT)-based games that have emerged in the last few years. In addition to providing hours of amusement, Axie Infinity also provides opportunities to earn money through a variety of means, including the sale of SLP (smooth love potions), the breeding of rare axes, and AXS staking. It is recommended that users be at least 18 years old in order to participate in Axie Infinity. Underage individuals are not authorized to use or register for the Site, App, or Smart Contracts. This includes children under the age of eighteen.

Disclaimer: Cryptocurrency and blockchain gaming entail real-world financial investment, which is done at the risk of the player. This article is given only for the purpose of providing you with information about the subject matter. We at Pro Game Guides do not intend for it to be construed as providing investing, tax, legal, financial, or other types of professional advice. Growing and selling Smooth Love Potions, an in-game item in the Axie Infinity world, is the most prevalent way to make money in the universe. SLP is in high demand in the market since it is one of the essential components for breeding axies. A total of three distinct approaches are available for farming SLP. It is a play-to-earn NFT game produced by the Vietnamese video game firm Sky Mavis that allows players to earn money by completing objectives. In recent months, it has swept the world by storm. Axies are purchased with Ethereum, and gamers may make real money by converting in-game points to cash or by breeding and selling more axies in exchange for the aforementioned cryptocurrencies.

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