Axie Infinity
Crypto Overview
Purpose and Utility
Axie Infinity (AXS) is the governance token for the Axie Infinity gaming ecosystem, a blockchain-based game where players collect, breed, and battle fantasy creatures called Axies. The token serves multiple purposes including governance rights, staking rewards, and in-game currency.
Business Model Analysis
The platform operates as a 'play-to-earn' gaming ecosystem where players own their in-game assets as NFTs. The AXS token facilitates real ownership of digital assets and participation in the game's economy. Players can earn tokens through gameplay, trading Axies, and participating in governance decisions.
Real-World Adoption
Axie Infinity has demonstrated significant adoption, particularly in developing countries. The game has over 3 million monthly active users and has processed billions in trading volume for its NFTs and tokens.
Development Activity
The project maintains active development with regular updates to the gaming platform, including the launch of Axie Infinity: Origins, a new version of the game with improved gameplay mechanics. The development team consistently releases updates and new features.
Token Distribution
The initial token distribution allocated 20% to the play-to-earn ecosystem, 21% to staking rewards, 20% to the team, 7% to advisors, and 32% to the community treasury and future ecosystem fund. Team tokens are subject to a 4.5-year vesting schedule.
Revenue Model
The platform generates revenue through marketplace fees from NFT trading, breeding fees, and other in-game transactions. These fees are distributed between token holders who stake AXS and the community treasury.
Crypto Impact
To assign a comfort level investing in Axie Infinity from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Axie Infinity.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.