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Cryptocurrency News Articles

Axie Infinity Will Unlock 815,630 AXS Tokens on February 11th

Jan 18, 2025 at 01:20 pm

Axie Infinity Will Unlock 815,630 AXS Tokens on February 11th

On February 11th, 815,630 AXS tokens will be unlocked, constituting approximately 0.52% of the currently circulating supply.

As a reminder, here is some info on AXS:

Axie Infinity is a blockchain game developed by Sky Mavis. The game runs on Ethereum and utilizes non-fungible tokens (NFTs) that represent unique items or characters.

At the core of the game are creatures called "Axies," which players can collect, breed, use for battles, and even use for virtual land farming. Each Axie has different attributes and statistics, and players can use their Axies in player-versus-player (PvP) battles or player-versus-environment (PvE) adventures.

One of the unique aspects of Axie Infinity is that players can earn digital assets and cryptocurrency while playing the game. This makes Axie Infinity an example of a "play-to-earn" game, where in-game actions can lead to real financial benefits.

The AXS token (Axie Infinity Shards) is the native token of Axie Infinity and is used for game governance, participating in voting for game rules, earning rewards, and more.

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Other articles published on Mar 17, 2025