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Everything you need to know to start your investment in Axie Infinity

Alexa Acosta
5 min read
Everything you need to know to start your investment in Axie Infinity

In the last year 2021, the popularity of Axie Infinity has grown exponentially, causing everyone worldwide to know it and join its community. Being an online PVP game, it allows you to interact with different teams in order to win the official currency of the game that can then be withdrawn.

This game uses the Ethereum blockchain technology, and was created in 2018 by the Sky Mavis company. In it, any user can acquire NFT (Non-fungible Token) with which they can play, collect, improve or sell them to obtain virtual money.

Many users have seen this game as the perfect opportunity to earn extra income. And besides that the gameplay is very simple and the servers remain stable despite the number of players that enter daily. All of this has made Axie Infinity one of the most popular blockchain games in the world. Are you ready to enter?

What are Axie Infinity SLP and AXS tokens?

Within the game and thanks to the Ethereum blockchain technology, Axie Infinity provides two types of tokens: AXS and SLP. Which can be manipulated by the owner in the way he prefers.

SLP Token

The Small Love Potion or SLP, is an ERC-20 token that is obtained daily by playing within the Axie Infinity platform. Users are able to farm within the Arena (PVP) and Adventure (PVE) modes.

In arena mode, all participants will compete against each other in a random way. They all maintain the same level, and everything will depend on the skill of both and the quality of their axies. If you win, you will receive a SLP reward and an increase in world ranking cups. The more cups you have, the more SLP you earn from wins.

Everything you need to know to start your investment in Axie Infinity

On the other hand, in the adventure mode, the axies will have to cross the worlds in order to gain experience and accumulate a maximum of 50 SLP throughout the day. This, in combination with the daily Quest (10 levels won in adventure, 5 victories in arena, and check in) each user can reach a minimum of 75 SLP per day, not counting the extra tokens that they can earn in the arena mode.

AXS Token

This is also an ERC-20 type token that is part of Ethereum, recently created in November 2020. Its functions are not fully implemented, but it will serve to keep the development of the game constantly rising.

However, contrary to the SLP that is produced daily by the players, the supply of AXS will be limited to a total of 270,000,000 so it will be of limited existence. And therefore, it is estimated that its valuation reaches prices above the clouds.

How to get started in Axie Infinity?

If you have decided to venture into the world of non-fungible tokens, it will be very easy to follow the series of steps below:

1. Go to the official Axie Infinity website and click on Play Now. 2. Next, you will need to download and install the Mavis Hub tool for the operating system that corresponds to your computer. 3. Now, you can create the Axie Infinity account through three options: a. Using your email and password. b. Through MetaMask. c. Through the Ronin Wallet.

Everything you need to know to start your investment in Axie Infinity

IMPORTANT: Any registration to game wallets must be done through the original link obtained from the official Axie Infinity site. Never download it from third party pages, in order to avoid scams or loss of money.

4. If this is your first time, download the Ronin Wallet from the official site for the Chrome or Firefox browser. And once downloaded, you can configure it. 5. Once the Wallet is set up, return to the Axie Infinity site and click Login with Ronin Wallet. And you will already have your Axie account associated with your Ronin wallet. 6. Then, enter your username, complete the registration with the email and set the password. 7. Go to Mavis Hub and log in with your email and password. Click Install and you will have on your computer everything you need to start playing Axie Infinity and earn money.

How much do you need to invest to start venturing into the world of Axie Infinity?

Once you have your account on the official Axie website, and you have it associated with Ronin, you will be able to purchase your first axies. In early 2020, an average team could cost between $ 1,600 and $ 1,800, but due to falling prices and in-game production, the minimum investment would be between $ 600 and $ 800.

Everything you need to know to start your investment in Axie Infinity

You will start with a team of three axies that can be of your preference. Acquire Ethereum from any buying and selling platform, and enter them into MetaMask. Once there, link it to Ronin to make the transfer and be able to acquire the axies you want from the Axie Market Place Infinity . Once you have your three axies, you can start playing.