Axie Infinity - A new Ethereum game similar to CryptoKitties [SPECIAL PRE-SALE] - page 2.

nira09

full member

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Quote from: tperkara on June 17, 2022, 09:50:28 AM

with falling prices, it is likely to go bankrupt and eventually scam too

The price of the AXS token has fallen very deep from its all-time high, but that doesn't mean this project will be a scam, because please note that the AXS token price at the time of the ICO was $0.1 USD and the daily trading volume of the AXS token is still above $100 million USD. . So this project will not die easily.

tbct_mt2

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Quote from: Lucasgabd on June 29, 2022, 09:45:08 AM

after 3 months:
The Ronin Bridge Is Open 🌱

really impressive for the team to recover from what was one of the biggest hacks in the world
maybe this will help fudders to chill out a bit...

more information on their substack

A new chapter of Ronin bridge begins and it lifts price of AXS and SLP up a lot days ago. It is good for short term rally but in future, Axie Inifity team must rework with their products and adjust their game economy. It is not an easy math for them to handle but they must figure it out. If they can not, Axie Infinity will not be able to reclaim their all time high.

The return of Ronin Bridge is good for reputation of Axie Infinity as they can fix technical issues and it brings some income to Axie Infinity too.

Lucasgabd

legendary

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There's no need to be upset

Quote from: koang on June 30, 2022, 04:01:08 AM

Quote from: Lucasgabd on June 29, 2022, 09:45:08 AM

after 3 months:
The Ronin Bridge Is Open 🌱

really impressive for the team to recover from what was one of the biggest hacks in the world
maybe this will help fudders to chill out a bit...

more information on their substack

Still probably not good enough but a good start.

Fixing something broken that should not have been broken, is not an achievement. It’s standard.
After the hack, the one who wants to go in and use bridge will have second thoughts
Now is the time to sit back and see what's gonna happen next

I agree
though they got so down the whole, so beaten up, that the chances of never recovering from this hack were present as well

I'm just surprised that they could do it.

koang

sr. member

Activity: 2366

Merit: 264

Quote from: Lucasgabd on June 29, 2022, 09:45:08 AM

after 3 months:
The Ronin Bridge Is Open 🌱

really impressive for the team to recover from what was one of the biggest hacks in the world
maybe this will help fudders to chill out a bit...

more information on their substack

Still probably not good enough but a good start.

Fixing something broken that should not have been broken, is not an achievement. It’s standard.
After the hack, the one who wants to go in and use bridge will have second thoughts
Now is the time to sit back and see what's gonna happen next

spiker777

sr. member

Activity: 992

Merit: 278

#SWGT CERTIK Audited

Quote from: tperkara on June 17, 2022, 09:50:28 AM

with falling prices, it is likely to go bankrupt and eventually scam too

it is possible. but so far the team is still working. they just opened the Ronin bridge after 3 months. and doing constant updates and development. I think they have enough funds to continue this for years. and if they do it right they could recover SLP price as well..

Quote from: Lucasgabd on June 29, 2022, 09:45:08 AM

after 3 months:
The Ronin Bridge Is Open 🌱

really impressive for the team to recover from what was one of the biggest hacks in the world
maybe this will help fudders to chill out a bit...

more information on their substack

nice update. it will help restore some trust of investors and gamers on them.

Lucasgabd

legendary

Activity: 2478

Merit: 1113

There's no need to be upset

after 3 months:
The Ronin Bridge Is Open 🌱

really impressive for the team to recover from what was one of the biggest hacks in the world
maybe this will help fudders to chill out a bit...

more information on their substack

Sarah Azhari

hero member

Activity: 854

Merit: 737

Quote from: tperkara on June 17, 2022, 09:50:28 AM

with falling prices, it is likely to go bankrupt and eventually scam too

don't have a problem mate, how many axie do you have? if only several, you don't need to worry going bankrupt, just sell it now and the price is still not affected even if you sold it right now.

tbct_mt2

hero member

Activity: 2254

Merit: 831

Quote from: Lucasgabd on June 21, 2022, 02:41:47 PM

it's never too late if you keep building
I think they'll be fine longterm

oh, you meant the revenue on Katana? this is just a small part of their revenue, they make a lot more money from marketplace fees, and they have a huge warchest to keep building through the bear now.

They will survive, I did not wrote they will die.

However, survive and be able to recover are different. Recover and reclaim all time high are different. I know the Sky Marvis and Axie Infinity are very strong and they are genius. They built it up from last bear market and they can build up something in this bear market too.

I believe if they can build a new successful product that moves out of Play to Earn, they will be able to reclaim their all time high. It is not easy.

Lucasgabd

legendary

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There's no need to be upset

Quote from: tbct_mt2 on June 16, 2022, 09:43:16 PM

Quote from: Lucasgabd on May 31, 2022, 03:34:02 PM

The axie team doesn't receive any money in SLP
SLP is minted by players and burned by breeding with future burn methods/ sinks to be added.

I'd guess they earn in USD directly or stablecoins with some minor distribution in equity as AXS, but I could be wrong of course.

I mean their revenue that can be from SLP, AXS or stable coin. Their revenue on Ronin is falling to the bottom and it will be one of barriers for their compensation of $600M hack. In addition, the total GameFi industry is collapsing and Axie Infinity had to change their concept from Play to Earn to Play and Earn. They did want to change it before the hack but it is not matter before or after the hack, they changed the concept that is a good strategy.

However it seems too late for Axie Infinity and with the bear market, they will again have to build things in bear market like how they started.

it's never too late if you keep building
I think they'll be fine longterm

oh, you meant the revenue on Katana? this is just a small part of their revenue, they make a lot more money from marketplace fees, and they have a huge warchest to keep building through the bear now.

tperkara

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with falling prices, it is likely to go bankrupt and eventually scam too

tbct_mt2

hero member

Activity: 2254

Merit: 831

Quote from: Lucasgabd on May 31, 2022, 03:34:02 PM

The axie team doesn't receive any money in SLP
SLP is minted by players and burned by breeding with future burn methods/ sinks to be added.

I'd guess they earn in USD directly or stablecoins with some minor distribution in equity as AXS, but I could be wrong of course.

I mean their revenue that can be from SLP, AXS or stable coin. Their revenue on Ronin is falling to the bottom and it will be one of barriers for their compensation of $600M hack. In addition, the total GameFi industry is collapsing and Axie Infinity had to change their concept from Play to Earn to Play and Earn. They did want to change it before the hack but it is not matter before or after the hack, they changed the concept that is a good strategy.

However it seems too late for Axie Infinity and with the bear market, they will again have to build things in bear market like how they started.

Piston Honda

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Juicin' crypto

scaaammmmmmmmmmmmmmmmmmm

AmbarCoin

copper member

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click on the link to the drive and saids 404 error Sad

Lucasgabd

legendary

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There's no need to be upset

Quote from: tbct_mt2 on May 27, 2022, 07:31:44 AM

Quote from: AmoreJaz on May 24, 2022, 06:30:21 PM

what i am worried about axie is do they really have long term plans here? like many other seemingly solid projects, we have no clue about the real plans of the axie team. what if one of the members decided to cash out and leave? so if you are an axie player, i think, better cash out some of your coins at least getting your initial investment. and then, the rest you can always cash out whenever you want to. but secure your initial investments so it won't be hard for you if in case something goes wrong with the platform.

Very high likely that there is vesting term for internal members so their internal staffs can not cash out all AXS or SLP they have if it is from their investment internally.

I don't think a big project like Axie Infinity will have rug pull. With this great success, their internal team members can easily buy their tokens 2 years ago, even on the open market with cheap price and sell in bull market last year at all time highs. With huge trading volume in last year, it is not a big issue for anyone to cash out.

Now their project is in trouble after the hack and side effects from bear market. They are builder and leader in blockchain game so no rug pull.

The axie team doesn't receive any money in SLP
SLP is minted by players and burned by breeding with future burn methods/ sinks to be added.

I'd guess they earn in USD directly or stablecoins with some minor distribution in equity as AXS, but I could be wrong of course.

tbct_mt2

hero member

Activity: 2254

Merit: 831

Quote from: AmoreJaz on May 24, 2022, 06:30:21 PM

what i am worried about axie is do they really have long term plans here? like many other seemingly solid projects, we have no clue about the real plans of the axie team. what if one of the members decided to cash out and leave? so if you are an axie player, i think, better cash out some of your coins at least getting your initial investment. and then, the rest you can always cash out whenever you want to. but secure your initial investments so it won't be hard for you if in case something goes wrong with the platform.

Very high likely that there is vesting term for internal members so their internal staffs can not cash out all AXS or SLP they have if it is from their investment internally.

I don't think a big project like Axie Infinity will have rug pull. With this great success, their internal team members can easily buy their tokens 2 years ago, even on the open market with cheap price and sell in bull market last year at all time highs. With huge trading volume in last year, it is not a big issue for anyone to cash out.

Now their project is in trouble after the hack and side effects from bear market. They are builder and leader in blockchain game so no rug pull.

Lucasgabd

legendary

Activity: 2478

Merit: 1113

There's no need to be upset

@AmoreJaz they have more than 70 employees on the company now and make frequent calls with the community and posts on their twitter and discord
pretty sure their team members are vested on it and can't simply cash out and leave.
not our average rug pull here.

AmoreJaz

legendary

Activity: 3066

Merit: 1101

Leading Crypto Sports Betting & Casino Platform

Quote from: Lucasgabd on May 24, 2022, 05:25:45 PM

Quote from: spiker777 on May 19, 2022, 01:36:33 PM

Again Axie infinity hacked but this time only their discord channel and hackers made fake announcement of NFt minting. This is bad news for Axie Security and they will lose trust of users. Big projects should strong their security otherwise result will be just like Luna.

Source
https://cointelegraph.com/news/axie-infinity-s-discord-bot-compromised-hackers-issue-fake-minting-message

just for clarifying
this was a problem with MEE6 bot, a famous bot on many major servers in the crypto industry and affected tons of NFT projects, not only axie.

if you check their treasury and revenue axie team has enough money to keep building for a long long time... I think they'll be fine

what i am worried about axie is do they really have long term plans here? like many other seemingly solid projects, we have no clue about the real plans of the axie team. what if one of the members decided to cash out and leave? so if you are an axie player, i think, better cash out some of your coins at least getting your initial investment. and then, the rest you can always cash out whenever you want to. but secure your initial investments so it won't be hard for you if in case something goes wrong with the platform.

Lucasgabd

legendary

Activity: 2478

Merit: 1113

There's no need to be upset

Quote from: spiker777 on May 19, 2022, 01:36:33 PM

Again Axie infinity hacked but this time only their discord channel and hackers made fake announcement of NFt minting. This is bad news for Axie Security and they will lose trust of users. Big projects should strong their security otherwise result will be just like Luna.

Source
https://cointelegraph.com/news/axie-infinity-s-discord-bot-compromised-hackers-issue-fake-minting-message

just for clarifying
this was a problem with MEE6 bot, a famous bot on many major servers in the crypto industry and affected tons of NFT projects, not only axie.

if you check their treasury and revenue axie team has enough money to keep building for a long long time... I think they'll be fine

tbct_mt2

hero member

Activity: 2254

Merit: 831

The hack is not too bad because there are worse things happening with Axie Infinity and Ronin.

Users are leaving and they get less and less revenue from Ronin with time. It will be harmful for their plan to recover from the $625M hack months ago.

Axie Infinity's Financial mess started long before its $600 million hack

spiker777

sr. member

Activity: 992

Merit: 278

#SWGT CERTIK Audited

Again Axie infinity hacked but this time only their discord channel and hackers made fake announcement of NFt minting. This is bad news for Axie Security and they will lose trust of users. Big projects should strong their security otherwise result will be just like Luna.

Source
https://cointelegraph.com/news/axie-infinity-s-discord-bot-compromised-hackers-issue-fake-minting-message

Topic: Axie Infinity - A new Ethereum game similar to CryptoKitties [SPECIAL PRE-SALE] - page 2. (Read 6904 times)