Can We Expect Gambling on Axie Infinity? - page 2.

Dread Pirate Roberts

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Quote from: KTChampions on August 20, 2021, 02:06:34 PM

By the way, yesterday I found a section on twitch dedicated to this game - https://www.twitch.tv/directory/game/Axie%20Infinity
I wonder if the game is recognized as gambling, will it be completely removed from the twitch? It would be logical. In general, I see that the developers have taken too many risks on themselves - firstly, the game can be recognized as gambling, and secondly, all the risks associated with cryptocurrency.

Twitch has a special category for gambling games including slots . virtual casino and poker https://www.twitch.tv/directory/tags/71265475-e0b0-411e-a0cf-b93c33848b2b but right now it looks like NFT games still not recognized as gambling game (according to their list) and yes maybe there will be new sub-categories for gambling games on Twitch like "NFT games" or "game finance" Grin

Maus0728

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Quote from: icopress on August 20, 2021, 02:49:17 PM

Where the hell did the $ 5 billion capitalization come from then? Either I don't understand something or the world is going crazy.

It is because of their AXS governance token with a maximum supply of only 270M^[1] and a massive influx^[2] of players getting into the game which makes the price to remain bullish. Currently, about 60 million AXS are in circulation, with the majority of the supply (22.22 percent of total supply) coming from their public token sale and in-game incentives (reaching the top of the leaderboard)^[3]. If the Mavis Team releases the play-to-earn and staking rewards for its players and investors, the remaining AXS will be released somewhere in between this quarter until year 2026.

Also, the breeding process in Axie Infinity is crucial, particularly in terms of the AXS treasury. Axie Infinity included a breeding mechanism to generate new axies that may be utilized for fighting, breeding other offspring, and as a marketable item. The AXS that is being used in the breeding process goes to the community treasury^[4] where it is later used for the governance functionalities of AXS.

Quote from: https://lynnyl.io/axie-infinity-axs-governance-token-treasury/

Early 2021, the Community Treasury will go live. The treasury will hold revenue generated by Axie Infinity, as well as a portion of staking rewards. The treasury will be governed by AXS stakers, once the network has been sufficiently decentralized.

For now, there is a 4.25% marketplace fee as well as a fee of 2 AXS for breeding Axies that goes into the Community Treasury.

Furthermore, an increasing number of exchange listing for AXS could also drive the price up for AXS token, which is a no brainer why this token just keeps going up. More exchanges could also means more accessibility for trading.

Additional read for ya'
- https://www.axieworld.com/en/economics/charts?chart=volume
- https://axie.substack.com/
- https://whitepaper.axieinfinity.com/axs

uneng

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Quote from: Jawhead999 on August 20, 2021, 12:52:48 AM

Axie infinity can't be an esports betting, they only run a tournaments to celebrate their success. Because this game isn't fair and pay to win, to get strongest and good axies it cost a lot. If you buy the lowest price axies, the stats is poor and quite impossible to beat the top axies. It's not like other games which the character, weapon, skill the stats is same and really depends how their strategy to win the games.

Well, that is true most expensive axies are the best ones and can easily overcome the cheapest teams, but there are many teams composed by those strong axies playing against similar teams in a competitive way. And if there is competitive PvP, it's possible to have gambling for sure. Another idea they could put in practice is to separate axies' teams by categories, like lightweight and heavyweight categories in fighting sports, so a cheap team could only compete against another team of the same level. This way things get more balanced and every player can participate.

icopress

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So here's what I figured out ... This is an NFT project that reminds me of a Pokemon-style game that was created by Vietnamese developers. Where the hell did the $ 5 billion capitalization come from then? Either I don't understand something or the world is going crazy. So if someone present in this thread has a couple of minutes to explain to me what's what, I will be grateful. I would like to hear something more than news bulletins, and see at least a couple of links to guides or something like that, (I would even happily post a couple of merit for an answer if it satisfies my curiosity).

bL4nkcode

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Quote from: Fesatmas on August 20, 2021, 10:42:55 AM

On the other hand, it will be very vulnerable to provide some information, at least how to deal with children at an early age to avoid betting features that can be seen clearly?

That's why I said ID will be required to get the age of each users, coz obviously anyone or underage can just put >18 numbers to be able use the feature (betting) which is not avail for underage (<18) or specific age, legally.

KTChampions

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Quote from: Dread Pirate Roberts on August 20, 2021, 07:20:29 AM

Just as I thought. the axie concept is not for gambling. but to play for earnings. if the gambling element is too strong it may be banned by some countries. and provide a new view of nft games in a negative way. if gambling is outside of Axie's platform and only for personal players, it's still possible to exist in some casino.

By the way, yesterday I found a section on twitch dedicated to this game - https://www.twitch.tv/directory/game/Axie%20Infinity
I wonder if the game is recognized as gambling, will it be completely removed from the twitch? It would be logical. In general, I see that the developers have taken too many risks on themselves - firstly, the game can be recognized as gambling, and secondly, all the risks associated with cryptocurrency.

Fesatmas

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Quote from: bL4nkcode on August 19, 2021, 03:34:27 PM

Quote from: Fesatmas on August 19, 2021, 01:13:43 PM

Well, we haven't been able to find the betting feature in Axie Infinity, because so far the kids have started trying the game. So what about gambling in Axie Infinity? then the team needs to do some configurations for adults so that children under 20 can play without being disturbed by the betting feature.

Identifying user's age requires personal information such as birthday and an ID of course, so it will be another inconvenience to those who doesn't want to give their ID's or any personal information to this platform, and which may be will be required as well if axie infinity adopts betting on the platform as most casino/betting website requires particularly in withdrawals.

I don't think age is too much of an issue to give, as long as it's not too detailed, doing more vulnerable KYC for example.

On the other hand, it will be very vulnerable to provide some information, at least how to deal with children at an early age to avoid betting features that can be seen clearly?

Dread Pirate Roberts

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Quote from: Jackl87 on August 20, 2021, 12:49:46 AM

I don't really think that this will lead to an ingame gambling feature that is built into axies infinity because i think it just does not fit into the game World of axie and would probably have a negative impact on the game in the longterm.

Just as I thought. the axie concept is not for gambling. but to play for earnings. if the gambling element is too strong it may be banned by some countries. and provide a new view of nft games in a negative way. if gambling is outside of Axie's platform and only for personal players, it's still possible to exist in some casino.

Jawhead999

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Axie infinity can't be an esports betting, they only run a tournaments to celebrate their success. Because this game isn't fair and pay to win, to get strongest and good axies it cost a lot. If you buy the lowest price axies, the stats is poor and quite impossible to beat the top axies. It's not like other games which the character, weapon, skill the stats is same and really depends how their strategy to win the games.

Jackl87

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Quote from: cabalism13 on July 21, 2021, 05:53:44 PM

As we all know ESports has been one of the features of Online Gambling, and recently Axie Infinity had announced the Upcoming ESports Events.

Will this be the path that might lead to Gambling?

I don't really think that this will lead to an ingame gambling feature that is built into axies infinity because i think it just does not fit into the game World of axie and would probably have a negative impact on the game in the longterm. But now that they have a Server that is dedicated to host e-sports tournaments of axie in the future i think that it is only a matter of time until we can also place bets on the outcome of those tournaments and the results of each match. First we have to wait and see how popular those tournaments are and if they can also stir the interest of the viewers on twitch.

pinggoki

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Only form of gambling we could ever see in axie infinity's system is the somewhat loot-based system of eggs and breeding. The axie devs had made it clear that they want a game that would require skill and a bit of grinding in order to profit, not some gambling system that would favor those who wager more than those who don't. Besides, gambling has to be accessible even to the smallest investors, and looking at the market price for a decent axie team, that wouldn't be the case, at least for me.

Quote from: uneng on August 19, 2021, 05:50:01 PM

Recent announcement made in Axie's official discord channel regards esports:

I believe they are starting these tournaments to select the best players in the world, so they can organize a tier 1 championship or something like this. By there gamblers can start familiarizing themselves with the players, their axies, skills and cards. 5560 AXS in prizes look great, it's almost 400,000$ dollars, what can become even better if the currency keeps pumping.

So basically it'll be like tournament betting which is not directly affiliated to axie infinity. This makes sense since they aim to produce a competitive-centric game where people with skills are more favored than those of average or low skill rating, hence the MMR system in the Arena Battles. Nevertheless it still stands that I believe axie will never be a gambling centric game, apart from what we have right now.

molsewid

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Quote from: Maus0728 on July 21, 2021, 10:13:06 PM

This is feasible if they agree to a battle between the two separate axie guilds, in which they compete for a predetermined number of wins in order to move to the next round. Despite the fact that they are still in the alpha stage, they have a lot of room for improvement, and server scalability should be their top concern. Roll Eyes

However, I guess the fundamental issue here is that each matchup involves some randomization; the cards are randomly picked between each round, which could cause difficulties regardless of the player's expertise.

Can we expect gambling on Axie Infinity?
Reading this question I also come to think on how could a dev team of this NFT game could propose an online gambling for this game. I mean maybe the e-sport betting could be possible well I just think about betting and gambling in a different way but of course either betting sport or gambling were both money involve. But so far this Axie Infinity online game is doing great and many people got hooked on this game because of the feature of play to earn. I do believe that this is feasible but I just thinking on how they would do it but if the team could come up this feature then it would be great.

harizen

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Quote from: Johnyz on August 19, 2021, 06:13:57 PM

So right now its not gambling yet since its a competition and the winners will get a huge reward, this will defend on a gambling site if they'll offer a bet on a championship series but this new Esport on Axie is a good thing the price will continue to rise as long as there's a good update.

Obviously, you can't expect right away that betting sites will put a betting market on it. But still, there's a chance, who knows. Depends on the hype and the possible projection of its market.

Quote from: Johnyz on August 19, 2021, 06:13:57 PM

Gambling with Axie are possible if they created their own betting platform, this may happen in the future.

Not necessary and I don't see if it makes sense to add it. It's not the purpose of the game even let's say just a side feature.

Let alone betting sites do the betting market for it. No need for the Axie team to spend time or even consider adding that feature.

Kelvinid

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Quote from: Johnyz on August 19, 2021, 06:13:57 PM

Quote from: uneng on August 19, 2021, 05:50:01 PM

I believe they are starting these tournaments to select the best players in the world, so they can organize a tier 1 championship or something like this. By there gamblers can start familiarizing themselves with the players, their axies, skills and cards. 5560 AXS in prizes look great, it's almost 400,000$ dollars, what can become even better if the currency keeps pumping.

So right now its not gambling yet since its a competition and the winners will get a huge reward, this will defend on a gambling site if they'll offer a bet on a championship series but this new Esport on Axie is a good thing the price will continue to rise as long as there's a good update. Gambling with Axie are possible if they created their own betting platform, this may happen in the future.

Yeah, that is what I'm looking for but unfortunately, there is nothing to find, so this Axie Infinity can't be a form of gambling. It is just like the same with others but the good thing about this game is it gives a chance for the winners or players to make some money through selling their Axie's.

maybe they can have their own betting with their friends or from the other country since this was just an online game but I'm not sure if there is a betting site that will support this for now, maybe in the future?

Johnyz

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Quote from: uneng on August 19, 2021, 05:50:01 PM

I believe they are starting these tournaments to select the best players in the world, so they can organize a tier 1 championship or something like this. By there gamblers can start familiarizing themselves with the players, their axies, skills and cards. 5560 AXS in prizes look great, it's almost 400,000$ dollars, what can become even better if the currency keeps pumping.

So right now its not gambling yet since its a competition and the winners will get a huge reward, this will defend on a gambling site if they'll offer a bet on a championship series but this new Esport on Axie is a good thing the price will continue to rise as long as there's a good update. Gambling with Axie are possible if they created their own betting platform, this may happen in the future.

uneng

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Recent announcement made in Axie's official discord channel regards esports:

I believe they are starting these tournaments to select the best players in the world, so they can organize a tier 1 championship or something like this. By there gamblers can start familiarizing themselves with the players, their axies, skills and cards. 5560 AXS in prizes look great, it's almost 400,000$ dollars, what can become even better if the currency keeps pumping.

chaser15

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Quote from: Obito on August 19, 2021, 08:36:04 AM

And it's also easy to predict which one to win in this tournament to be honest, just know the cards that they have and you can easily predict who gets the upper hand.

You should know that cards won't obviously be revealed to the public so you won't know who has the upper hand.

That should be expected to play with the bettors.

If ever placed on betting, the only basis we have is the player's experience, strategies, and the winning rate which will only start at the Esports event. It means in the first phase of our betting, we are all clueless on who should we pick as a bet. That's how I see it.

blockman

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Quote from: Obito on August 19, 2021, 08:36:04 AM

I think we can expect, there's already a plan for an eSports tournament for Axie Infinity so Ithink that there's no doubt that there's going to be betting in Axie Infinity. And it's also easy to predict which one to win in this tournament to be honest, just know the cards that they have and you can easily predict who gets the upper hand.

It is easy to predict based on cards/parts of the Axie per player and team. But it's hard to know the gameplay of each player of how good they are including their timing of passing and as well as using their energies and cards.
That's why this game is so good and can really become an esport because there are other games like Hearthstone that's also a card game which is also being considered as another one of the known esport that we've got. So, Axie is close to it and it's only going to be a matter of time until we see these feats being added.

bL4nkcode

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Quote from: Fesatmas on August 19, 2021, 01:13:43 PM

Well, we haven't been able to find the betting feature in Axie Infinity, because so far the kids have started trying the game. So what about gambling in Axie Infinity? then the team needs to do some configurations for adults so that children under 20 can play without being disturbed by the betting feature.

Identifying user's age requires personal information such as birthday and an ID of course, so it will be another inconvenience to those who doesn't want to give their ID's or any personal information to this platform, and which may be will be required as well if axie infinity adopts betting on the platform as most casino/betting website requires particularly in withdrawals.

Fesatmas

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Quote from: goaldigger on August 17, 2021, 03:32:21 PM

Quote from: john_nautica on August 12, 2021, 12:41:05 AM

I'm not familiar with the game, is it PvP? if yes probably it can be part of the esports betting but I'm not quite sure how does it work, more like a turn based strategy game? Maybe but I don't think it's big enough to be part of the Esports and I don't think there's a competition on the game itself.

This can’t be consider as an Esport of course but there’s an on-going competition in Axie where you just need to increase your MMR and if you are on the top positions, you can get a reward but again it’s not a gambling and Axie Infinity itself is not a gambling game.

There’s a lot of future updates with Axie, I didn’t see any feature about betting, maybe this can’t be possible to happen but if the team is working into something else, they should inform us.

Well, we haven't been able to find the betting feature in Axie Infinity, because so far the kids have started trying the game. So what about gambling in Axie Infinity? then the team needs to do some configurations for adults so that children under 20 can play without being disturbed by the betting feature.

Topic: Can We Expect Gambling on Axie Infinity? - page 2. (Read 1794 times)