Can We Expect Gambling on Axie Infinity? - page 4.

herurist

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Quote from: Oceat on August 11, 2021, 06:59:18 PM

As the title says, can we expect Axie infinity on gambling? Meaning some people think they could participate gambling with their own pets using the rewards to bet like SLP or the other. And yes, you are right this can't be called as gambling since it's more like a pokemon-go game and correct me if I'm wrong maybe they have some trading with skins of their pets too. And when trading involved there should be a gambling in it or let the dev decide if they want to put some skins on it to be traded.

Someone should suggest something like this or maybe steam platform in the future would put this too, i don't know but it seems like that.

it is like that and i made the response as i expressed in the thread, there is nothing wrong with that.
I honestly don't really follow this game because it requires a large enough capital to be a beginner there because I saw a few weeks ago to make a beginner team you have to spend around $700 and to be honest I'm getting interested but until now I still haven't do it.
apart from the existing trading as an additional feature in the game I don't know and I think this will be a good option for the dev if you want to trade with gambling because by adding this gambling feature I think it will make this game more interesting and will make you enthusiastic especially for gambling lovers.
but apart from that it is true that dev is the one who decides.

john_nautica

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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.

uneng

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Quote from: fortunecrypto on August 11, 2021, 03:03:11 PM

Axie Infinity in its essence is already gambling because you are investing money on it by buying pets and you will depend on their rewards called SLP to regain your investment which is not guaranteed because the market is the one that will set the price and you also need to finish the task to get your rewards when there is money and task involved it's already gambling, and there's a possibility of a drop of the price if the market cannot sustain it, or when there are massive sells.

That is actually right. Today the market is flourishing for Axie Infinity, but nobody can assure how it will be tomorrow. Many people compare Axie to Pokemon, so it is interesting to notice how Pokemon Go fever started suddenly and how it was intense. However not too long after I barely heared people talking about Pokemon Go anymore. Hypes are unpredictable and investors must be aware about this fact before investing.

Gambling is every activities which involve money investment and risks. Both are present in Axie, so with course it's gambling. I would just say it's not gambling if we are talking about players and not investors. In other words: people who are willing to play just to have fun and not exactly because they want to recover the investment.

On the other hand, if Axie is able to create a fan base that goes beyond financial gains, there is a good chance it will become a very popular esports game. This way the game receives new sources of income (sponsorship, gambling comissions, tournament taxes...) besides players' investments. That would be the ideal because to fully relies in new players' investments is very dangerous for game's sustainability.

xSkylarx

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Quote from: agustina2 on August 11, 2021, 06:58:49 PM

Quote from: fortunecrypto on August 11, 2021, 03:03:11 PM

Axie Infinity in its essence is already gambling because you are investing money on it by buying pets and you will depend on their rewards called SLP to regain your investment which is not guaranteed

Wrong mindset. You invested here because there's sure money in return unlike in gambling.

Even SLP will hit a much lower market price compare to where it is currently, the ROI for new investors would just take time. But in the end, there's no way they will not hit their respective ROI.

It's like when you are buying coins. In a bear trend and you are losing the price of it, you just have to hold it for a much longer time.

Agreed, it's called investment because we're talking about return on investment at the end. What is the reason you are purchasing axies? You want to earn SLP so that you can profit in the long run. If it's gambling, you have a 50/50 chance of winning or losing money. It's not like that anymore because there's a guaranteed slp you win per day, and unlike gambling, we'll know whether we'll get our money back or not. Axie is not a gambling; for me, it is an investment, but we each have our own point of view on this.

Oceat

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Quote from: herurist on August 11, 2021, 10:46:31 AM

I don't think so because as far as I know axie infinity Axie Infinity is a Pokémon-inspired blockchain-based digital pet world where players can earn tokens through games. Players can battle, collect, breed and build an empire for their pets.
and here if you look at what has been so far there have been no bets, they just play using the NFT they have and are assigned to win in order to get a reward.
I don't think this can be said in the gambling category even though from the start they made a deposit but it's not a bet

As the title says, can we expect Axie infinity on gambling? Meaning some people think they could participate gambling with their own pets using the rewards to bet like SLP or the other. And yes, you are right this can't be called as gambling since it's more like a pokemon-go game and correct me if I'm wrong maybe they have some trading with skins of their pets too. And when trading involved there should be a gambling in it or let the dev decide if they want to put some skins on it to be traded.

Someone should suggest something like this or maybe steam platform in the future would put this too, i don't know but it seems like that.

agustina2

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Quote from: fortunecrypto on August 11, 2021, 03:03:11 PM

Axie Infinity in its essence is already gambling because you are investing money on it by buying pets and you will depend on their rewards called SLP to regain your investment which is not guaranteed

Wrong mindset. You invested here because there's sure money in return unlike in gambling.

Even SLP will hit a much lower market price compare to where it is currently, the ROI for new investors would just take time. But in the end, there's no way they will not hit their respective ROI.

It's like when you are buying coins. In a bear trend and you are losing the price of it, you just have to hold it for a much longer time.

Mahanton

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Quote from: fortunecrypto on August 11, 2021, 03:03:11 PM

Axie Infinity in its essence is already gambling because you are investing money on it by buying pets and you will depend on their rewards called SLP to regain your investment which is not guaranteed because the market is the one that will set the price and you also need to finish the task to get your rewards when there is money and task involved it's already gambling, and there's a possibility of a drop of the price if the market cannot sustain it, or when there are massive sells.

Gambling on the essence you are risking money into a particular game but you should mind off that you can earn money out of your investment which isnt possible for gambling because it could neither directly make you
win or lose it all in an instant basis or behavior.Investment is indeed a gamble but since you could really make some consideration like studying it first if it could sustain for long term then at least you do able to
to presume that it could really give out some profits for you.On the game itself then i dont see any problems with it but if they wont able to solve out that oversupply of SLP in the market then this would really be a big
problem to them.

fortunecrypto

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Axie Infinity in its essence is already gambling because you are investing money on it by buying pets and you will depend on their rewards called SLP to regain your investment which is not guaranteed because the market is the one that will set the price and you also need to finish the task to get your rewards when there is money and task involved it's already gambling, and there's a possibility of a drop of the price if the market cannot sustain it, or when there are massive sells.

Fredomago

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Quote from: ultrloa on August 04, 2021, 06:58:13 PM

Quote from: chaser15 on August 04, 2021, 06:53:43 PM

Quote from: Dread Pirate Roberts on August 04, 2021, 06:44:01 PM

i dont get it where is part of gambling on this system ? its RNG system .

Everything is quoted in the first post and you just have to read it clearly. There is no mention that gambling is within Axie itself.

Once it will be a feature in Esports, it's possible that we can bet on it the same as Dota2, LOL, etc. That's the gambling part.

Exactly as bookmakers always go on things where they can earn and if Axie infinity will successfully launch their Esports which we know that this is a multi-million dollar industry for sure they will add this since many axie infinity players will bet on upcoming exciting fights.

I'm excited about this to happen and I'm sure I will bet on various players which I know.

With numbers of players who already know this game, it surely bring more money to any E-Sport that will cater this game.

It's exciting since the setup is play to earn people are enjoying with that and if you'll going to add some spice and allow tournament
or PVP, sort of gambling will appear for sure.

It's up to the developers on how to integrate this to bookies surely they will not take it for granted knowing that money are flowing now with this game.

herurist

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I don't think so because as far as I know axie infinity Axie Infinity is a Pokémon-inspired blockchain-based digital pet world where players can earn tokens through games. Players can battle, collect, breed and build an empire for their pets.
and here if you look at what has been so far there have been no bets, they just play using the NFT they have and are assigned to win in order to get a reward.
I don't think this can be said in the gambling category even though from the start they made a deposit but it's not a bet

LUCKMCFLY

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I think Axie Infinity has been very successful since apart from taking a community as large as Gamers, it proposes what they like the most: "Play to Win", this formula was quickly understood, they took a need combined with fun, The truth is that both in the Philippines and in Venezuela, this game is a success, most are looking for a scholarship, since the investment is quite large, at least you must have 1200USD to form a good team, apart from getting the 150SLP, you have a Exciting part for many that is PVP, where forces are measured by the players, I think this model will be copied by many NFT game projects, which is moving large amounts of money.

Quote

Excitement for AXS has been building for some time and recently ratcheted up a notch after the Axie ecosystem became the first nonfungible token game to surpass $1 billion in total sales on Monday.

Source: https://cointelegraph.com/news/exchange-listings-and-nft-boom-lift-iotex-rally-and-axie-infinity-price

ultrloa

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Quote from: chaser15 on August 04, 2021, 06:53:43 PM

Quote from: Dread Pirate Roberts on August 04, 2021, 06:44:01 PM

i dont get it where is part of gambling on this system ? its RNG system .

Everything is quoted in the first post and you just have to read it clearly. There is no mention that gambling is within Axie itself.

Once it will be a feature in Esports, it's possible that we can bet on it the same as Dota2, LOL, etc. That's the gambling part.

Exactly as bookmakers always go on things where they can earn and if Axie infinity will successfully launch their Esports which we know that this is a multi-million dollar industry for sure they will add this since many axie infinity players will bet on upcoming exciting fights.

I'm excited about this to happen and I'm sure I will bet on various players which I know.

chaser15

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Quote from: Dread Pirate Roberts on August 04, 2021, 06:44:01 PM

i dont get it where is part of gambling on this system ? its RNG system .

Everything is quoted in the first post and you just have to read it clearly. There is no gambling within the Axie itself.

Once it will be a feature in Esports, it's possible that we can bet on it the same as Dota2, LOL, etc. That's the gambling part.

Dread Pirate Roberts

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

Will this be the path that might lead to Gambling?

I'm also just looking for more details about this axie. CMIIW looks like this is NFT with gaming system ? My understanding of this axie is like an old simulation game on facebook? you must have an axie ( character egg ) buying with eth and then that axie can have stamina to fight daily and get some potion to use it or sell it again in market and can breed another egg ? i dont get it where is part of gambling on this system ? its RNG system .

dunfida

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Quote from: Fredomago on August 04, 2021, 02:34:31 PM

Quote from: BITCOIN4X on August 04, 2021, 02:20:07 PM

I heard about this game last week because one of my friends played it. Actually I've never tried it and I don't know exactly if this will lead to gambling with new types of games or this is just a money making game. Basically when people play games for money, then they have made the game a new gamble with their efforts and skills. This game also seems to require us to make a deposit, right?

You need a huge investment to start playing this game, unless you know someone who can offer you scholarships. I also heard about this game but I don't have that interest with kind of investment.

From where am I awareness to this game is really increasing, moving more new players to invest with their characters and start doing their quest.

You are right, aside from possible pvp gambling those players who bought this game already doing gambling with the time, though increase in numbers of interest continue to established this play to earn offer.

Play to earn is the new thing but of course you would really be needing to cash out some big amounts of money for you to start on but basing on the earning and make out some calculation

then ROI is just way too fast or does only take a couple of months which is far way more better compared to traditional investments. This game is really getting bigger and bigger as the day passed.

Upcoming events and features might be available but im not expecting that much when it comes to gambling literally.

DU18

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Quote from: BITCOIN4X on August 04, 2021, 02:20:07 PM

I heard about this game last week because one of my friends played it. Actually I've never tried it and I don't know exactly if this will lead to gambling with new types of games or this is just a money making game. Basically when people play games for money, then they have made the game a new gamble with their efforts and skills. This game also seems to require us to make a deposit, right?

I also feel that this game will eventually lead to gambling but of course we can't be too early to speculate about it Grin

, but for sure now many crypto gamers are using this game as a means to earn money, even though I've never played it but it looks like the axie game is a pretty good game and of course it also requires qualified skills, according to some articles that I read, this game does require a large amount of capital and it is even reported that the capital we need now is almost 4 times the capital when needed from this game first went viral.

Fredomago

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Quote from: BITCOIN4X on August 04, 2021, 02:20:07 PM

I heard about this game last week because one of my friends played it. Actually I've never tried it and I don't know exactly if this will lead to gambling with new types of games or this is just a money making game. Basically when people play games for money, then they have made the game a new gamble with their efforts and skills. This game also seems to require us to make a deposit, right?

You need a huge investment to start playing this game, unless you know someone who can offer you scholarships. I also heard about this game but I don't have that interest with kind of investment.

From where am I awareness to this game is really increasing, moving more new players to invest with their characters and start doing their quest.

You are right, aside from possible pvp gambling those players who bought this game already doing gambling with the time, though increase in numbers of interest continue to established this play to earn offer.

BITCOIN4X

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I heard about this game last week because one of my friends played it. Actually I've never tried it and I don't know exactly if this will lead to gambling with new types of games or this is just a money making game. Basically when people play games for money, then they have made the game a new gamble with their efforts and skills. This game also seems to require us to make a deposit, right?

LUCKMCFLY

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I have always been aware of AXIE Infinity even though I do not play it, but according to this article, AXIE has generated much more income than BTC and ETH, which shows that the business model implemented is one of the best:

Axie Infinity Generated More Revenue than Bitcoin or Ethereum in July

Quote

* With $207 million revenue in July, Axie Infinity ranks higher than Ethereum, Binance Smart Chain, or Bitcoin.
* The blockchain game has also seen four times more trading volume than any other NFT project, including popular CryptoPunks.
* With new key updates to its battle system, the game's team expects a lot of news in terms of development in the coming months.

Source: https://cryptobriefing.com/axie-infinity-generated-more-revenue-than-bitcoin-or-ethereum-in-july/

The token is one of the biggest winners of the month of July, I think that the creators of Axie knew how strong the gamer community is, that many of them their life is games, by giving the opportunity to have fun and do SLP where they can having huge profits is a win-win business.

Fatunad

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Quote from: DoublerHunter on July 30, 2021, 04:34:28 PM

Quote from: ?? on ??

I think so, as Axie Infinity is now planning an Esports. This is still new for Axie Infinity and there are still so many things that might happen in the future that will make Axie Infinity more popular all over the world. Imagine if Axie Infinity will become Esports the price of SLP and AXS will go higher and higher hoping that it will become more successful in the future.

^ I hope they can fix their laggy server, it was always lag when I was visited the server battle. Well, that is not bad for them if they will enter the Esports game since they had a good game that is good for bettors. They are talking Esports now when the fact that there are many issues to be fixed first before this, I know there are thousands or even millions of users in axie infinity, and probably there many of them drive more than one account for farming the SLP. Nevertheless, speaking of the play-to-earn game not only axie infinity was there, consider the defipet too.

They had already fixed that lagg issues that happened 2 weeks ago and also the server was already smooth for a week now which is really a good indication that they are fixing the server
issues and able to retain their players and now it is growing even more bigger. Next on line would be that esports suggestions and recommendations that this might will happen on this year.
Gambling with it? it will vary because there's no assurance on what would be the arrangement in the future.

Topic: Can We Expect Gambling on Axie Infinity? - page 4. (Read 1794 times)