what's with "axie infinity"? - page 2.

blockman

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Quote from: redjhunk2022 on August 23, 2021, 10:44:36 AM

Quote from: blockman on August 23, 2021, 05:55:01 AM

Quote from: redjhunk2022 on August 22, 2021, 09:30:21 PM

I've read Axie Infinity's White Paper. It seems its financing its P2E from the sale of AXS tokens.

"The play to earn issuance represents 20% of the total AXS supply. The goal of the play to earn tokens is to attract a wide range of players to the Axie ecosystem in the hunt for token rewards and to give ownership and stake to the most active community members." https://whitepaper.axieinfinity.com/axs/allocations-and-unlock/play-to-earn

This means that the value of its SLP comes from the investors who bough AXS tokens. Looks like a Ponzi for me.

Its just my opinion though. I wish I'm wrong.

These two tokens are entirely different from one to another. It is true that AXS is Axie Infinity's governance token but its value relies on the market itself and as well as breeding. As you breed, there's more demand with AXS and that's why it's having a higher value due to its supply limit. While SLP is the reward from the game itself which it gives to the players but it has an unlimited supply. They don't give AXS to the casual player but they do reward it through an event for top players and just like any other cryptocurrency, the value really relies on the investors so it adds liquidity. So if you're saying that the value of SLP comes from those who invest in AXS, that's different. Investors of AXS empowers and adds value to AXS itself while those who invests to SLP, then it's directly to SLP too.

I know AXS and SLP and different tokens.

But, how did the team create value for SLP? Where is the source of money used in the liquidity pool of SLP when it was initially listed in Uniswap?

Remember, SLP's value didn't just pop up instantly. Someone must have added an SLP/ETH pair liquidity pool in Uniswap so early gamers can convert their SLPs.

My understanding is that this was taken from the investors who bought AXS tokens as stated in its white paper.

I am getting and understanding your point. Just like any other cryptocurrency, its value is determined by its community. Ethereum and bitcoin don't have value when they started but when they had gained traction and there's more volume that came to it, it had made its price higher.
Value was made by the investors and I just felt bad when I've seen AXS too cheap before and didn't buy any of it because I'm not even a breeder and didn't think that it's going to skyrocket that quick so I missed the run but I've seen.

redjhunk2022

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Quote from: Alf_m.h on August 23, 2021, 01:10:32 AM

Quote from: redjhunk2022 on August 22, 2021, 09:30:21 PM

I've read Axie Infinity's White Paper. It seems its financing its P2E from the sale of AXS tokens.

"The play to earn issuance represents 20% of the total AXS supply. The goal of the play to earn tokens is to attract a wide range of players to the Axie ecosystem in the hunt for token rewards and to give ownership and stake to the most active community members." https://whitepaper.axieinfinity.com/axs/allocations-and-unlock/play-to-earn

This means that the value of its SLP comes from the investors who bough AXS tokens. Looks like a Ponzi for me.

Its just my opinion though. I wish I'm wrong.

if you see it like ponzi then you be careful now this coin is already perched in the top 50 coingenko.com this will affect others

I'm not buying this game.

I'm just researching so I could add a good review on my website. I wish someone could give me the transaction and explain how the SLP got value at the listing in DEX.

It was clear in their white paper that 20% of the AXS sale will be used to finance the P2E. So, I'm thinking, proceeds from AXS sale were used to fund the liquidity of SLP initially.

redjhunk2022

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Quote from: blockman on August 23, 2021, 05:55:01 AM

Quote from: redjhunk2022 on August 22, 2021, 09:30:21 PM

I've read Axie Infinity's White Paper. It seems its financing its P2E from the sale of AXS tokens.

"The play to earn issuance represents 20% of the total AXS supply. The goal of the play to earn tokens is to attract a wide range of players to the Axie ecosystem in the hunt for token rewards and to give ownership and stake to the most active community members." https://whitepaper.axieinfinity.com/axs/allocations-and-unlock/play-to-earn

This means that the value of its SLP comes from the investors who bough AXS tokens. Looks like a Ponzi for me.

Its just my opinion though. I wish I'm wrong.

These two tokens are entirely different from one to another. It is true that AXS is Axie Infinity's governance token but its value relies on the market itself and as well as breeding. As you breed, there's more demand with AXS and that's why it's having a higher value due to its supply limit. While SLP is the reward from the game itself which it gives to the players but it has an unlimited supply. They don't give AXS to the casual player but they do reward it through an event for top players and just like any other cryptocurrency, the value really relies on the investors so it adds liquidity. So if you're saying that the value of SLP comes from those who invest in AXS, that's different. Investors of AXS empowers and adds value to AXS itself while those who invests to SLP, then it's directly to SLP too.

I know AXS and SLP and different tokens.

But, how did the team create value for SLP? Where is the source of money used in the liquidity pool of SLP when it was initially listed in Uniswap?

Remember, SLP's value didn't just pop up instantly. Someone must have added an SLP/ETH pair liquidity pool in Uniswap so early gamers can convert their SLPs.

My understanding is that this was taken from the investors who bought AXS tokens as stated in its white paper.

babygun

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Quote from: uelque on August 23, 2021, 05:41:26 AM

Axie infinity I think is the leading play to earn game out of all p2e out there. Its way of growing their community is great that's why more people are jumping into it. Blockchain gaming is the future for me, and axie being the leading game, will surely become more in the near future. I think it is still worth investing on it because for me this is something. The game will continue on becoming more popular as the team make changes or updates about the game. For me, its a good long term investment. Playing with reward is a good long term investment.

It is one of the most popular games at the moment but it can quickly change. Look at Alienworlds and their coin a couple of months ago. Everybody was hyping that and the price skyrocketed but quickly fell back. I think the same will happen with Axie Infinity.

blockman

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Quote from: redjhunk2022 on August 22, 2021, 09:30:21 PM

I've read Axie Infinity's White Paper. It seems its financing its P2E from the sale of AXS tokens.

"The play to earn issuance represents 20% of the total AXS supply. The goal of the play to earn tokens is to attract a wide range of players to the Axie ecosystem in the hunt for token rewards and to give ownership and stake to the most active community members." https://whitepaper.axieinfinity.com/axs/allocations-and-unlock/play-to-earn

This means that the value of its SLP comes from the investors who bough AXS tokens. Looks like a Ponzi for me.

Its just my opinion though. I wish I'm wrong.

These two tokens are entirely different from one to another. It is true that AXS is Axie Infinity's governance token but its value relies on the market itself and as well as breeding. As you breed, there's more demand with AXS and that's why it's having a higher value due to its supply limit. While SLP is the reward from the game itself which it gives to the players but it has an unlimited supply. They don't give AXS to the casual player but they do reward it through an event for top players and just like any other cryptocurrency, the value really relies on the investors so it adds liquidity. So if you're saying that the value of SLP comes from those who invest in AXS, that's different. Investors of AXS empowers and adds value to AXS itself while those who invests to SLP, then it's directly to SLP too.

uelque

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Axie infinity I think is the leading play to earn game out of all p2e out there. Its way of growing their community is great that's why more people are jumping into it. Blockchain gaming is the future for me, and axie being the leading game, will surely become more in the near future. I think it is still worth investing on it because for me this is something. The game will continue on becoming more popular as the team make changes or updates about the game. For me, its a good long term investment. Playing with reward is a good long term investment.

Alf_m.h

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Quote from: redjhunk2022 on August 22, 2021, 09:30:21 PM

I've read Axie Infinity's White Paper. It seems its financing its P2E from the sale of AXS tokens.

"The play to earn issuance represents 20% of the total AXS supply. The goal of the play to earn tokens is to attract a wide range of players to the Axie ecosystem in the hunt for token rewards and to give ownership and stake to the most active community members." https://whitepaper.axieinfinity.com/axs/allocations-and-unlock/play-to-earn

This means that the value of its SLP comes from the investors who bough AXS tokens. Looks like a Ponzi for me.

Its just my opinion though. I wish I'm wrong.

if you see it like ponzi then you be careful now this coin is already perched in the top 50 coingenko.com this will affect others

redjhunk2022

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I've read Axie Infinity's White Paper. It seems its financing its P2E from the sale of AXS tokens.

"The play to earn issuance represents 20% of the total AXS supply. The goal of the play to earn tokens is to attract a wide range of players to the Axie ecosystem in the hunt for token rewards and to give ownership and stake to the most active community members." https://whitepaper.axieinfinity.com/axs/allocations-and-unlock/play-to-earn

This means that the value of its SLP comes from the investors who bough AXS tokens. Looks like a Ponzi for me.

Its just my opinion though. I wish I'm wrong.

Alf_m.h

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Quote from: sgenuine on August 16, 2021, 09:01:35 AM

As a matter of fact there is a huge hype around NFT gaming now, and Axie Infinity is the most popular game. Those, who had been playing for a while before this hype, are earning good money now. But as for newbies, it requires around 1200$ to enter the game. And no one knows if this hype will continue or end and you will not even return your money.

since when did the price go up so fantastic as far as i know we can already play it with 0.1$ but you make it $1,200 a scary thing

sgenuine

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As a matter of fact there is a huge hype around NFT gaming now, and Axie Infinity is the most popular game. Those, who had been playing for a while before this hype, are earning good money now. But as for newbies, it requires around 1200$ to enter the game. And no one knows if this hype will continue or end and you will not even return your money.

livingfree

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Quote from: ccFOUND on August 15, 2021, 01:11:48 PM

Quote from: livingfree on August 14, 2021, 09:58:25 AM

Yes.

Those changes are due to the increase of players because if they will stay with their past reward distribution, they're going to collapse.

They're not going to sustain their economy because they keep on distributing money as rewards easily and that's for sure going to be the down fall of those games if they won't make a change.

While it is true that they need to change their rewards structure, they should also keep their players' interest into account because if all the things get under what players have invested, they will drop the idea of playing and all of them may leave the project which may become the reason of its token's price collapse too (like you can see with the players of cryptoblades as they are being rewarded with 2x XP but the rewards are lesser than the gas fees they pay even after utilising all their power in one game).

Well, I hope that they're looking for the other player's concern. But it seems not, the game is becoming more friendly with those skills and has strong Axie cards.

I just wish that they'll also create a bracket that it's going to be with those weak Axie players or just people starting out. Because there are those smurfs that are going at low mmr.

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Quote from: livingfree on August 14, 2021, 09:58:25 AM

Yes.

Those changes are due to the increase of players because if they will stay with their past reward distribution, they're going to collapse.

They're not going to sustain their economy because they keep on distributing money as rewards easily and that's for sure going to be the down fall of those games if they won't make a change.

While it is true that they need to change their rewards structure, they should also keep their players' interest into account because if all the things get under what players have invested, they will drop the idea of playing and all of them may leave the project which may become the reason of its token's price collapse too (like you can see with the players of cryptoblades as they are being rewarded with 2x XP but the rewards are lesser than the gas fees they pay even after utilising all their power in one game).

Davian144

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I think the game axie infinity is the latest technology in crypto, because considering that games are loved by everyone, let alone being able to make money, I think this game-based crypto will grow rapidly and have a great opportunity to become the best investment in the future.

The possibility is indeed like that so I myself also feel very surprised by the development on all sides in this axie infinity game so that there can be a lot of fans in a very short time this year.

geegaw

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axie infinity is an NFT-based game that is very popular and crowded lately, it's true that if the rewards obtained from this axie game continue to decrease, this happens because of the increasing number of players in the axie game, but I'm sure the axie game will find a solution and still will continue to be developed

But it is also a very good thing to increase the price of AXS coin in the market because I once saw the AXS price at $38, then within a few days the price had reached $70 in the market, this indicates that this AXS coin is very much in demand by gamers in the market cryptocurrencies.

But that's a wrong need of most gamers, even I can't call them normal gamers, they are misperceiving between gaming and investing, making money in game is just a form for creators while a gamer trying to transform this purpose, they need to sacrifice their money and time to become something best in this system. AXS is going high but the in-game quests only give another token and it doesn't increase proportionally to AXS, and reward tokens are also dwindling, gamers are becoming a valuable bait for AXS

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I think the game axie infinity is the latest technology in crypto, because considering that games are loved by everyone, let alone being able to make money, I think this game-based crypto will grow rapidly and have a great opportunity to become the best investment in the future.

The crypto-world isnt used to having a game that can earn you big money. This game is growing each day/week. Axie price is going through the roof currently sitting at 67$ and in the last 30 days it jumped over 175%. Massive profit and i hope it will continue to grow,we need more positive games like this.

livingfree

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Quote from: ccFOUND on August 14, 2021, 08:26:31 AM

Quote from: livingfree on August 13, 2021, 06:20:11 PM

Yes, rewards for every player was reduced.

Adventure only got a maximum 50 slp per day which was 100 before. Daily quest is now 25 slp if you complete it which was 50 before. It's halved as they say.

While in arena, the higher rank you have. Each win will give you more slp.

It is not with this game only, some other games have also reduced their rewards where they were halved or even quarter of what the rewards were. But due to this, some of these games are also offering 2x (double) XP and food rewards to compensate players for what they are losing. All this is either due to more and more players joining the arena and they are not able to keep the compensation ratio with the huge number, or due to the recent attack of poly network.

Yes.

Those changes are due to the increase of players because if they will stay with their past reward distribution, they're going to collapse.

They're not going to sustain their economy because they keep on distributing money as rewards easily and that's for sure going to be the down fall of those games if they won't make a change.

ccFOUND

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Quote from: livingfree on August 13, 2021, 06:20:11 PM

Yes, rewards for every player was reduced.

Adventure only got a maximum 50 slp per day which was 100 before. Daily quest is now 25 slp if you complete it which was 50 before. It's halved as they say.

While in arena, the higher rank you have. Each win will give you more slp.

It is not with this game only, some other games have also reduced their rewards where they were halved or even quarter of what the rewards were. But due to this, some of these games are also offering 2x (double) XP and food rewards to compensate players for what they are losing. All this is either due to more and more players joining the arena and they are not able to keep the compensation ratio with the huge number, or due to the recent attack of poly network.

Johnyz

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Quote from: Alf_m.h on August 13, 2021, 04:04:21 PM

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Quote from: Alf_m.h on August 12, 2021, 06:28:05 PM

are you just looking for profit? if you are just looking for profit you can't enjoy the game looking for fun you will stay there think profit is a fun bonus

That's right, profit should be considered as a bonus only but there are many group of axie infinity players that are profit oriented, that's why they also open scholarship for other people hoping to make some additional earning and what make axie infinity popular is that.
however axie infinity gameplay itself, the arena is really fun and competitive, so people can actually enjoy both the game and earning by playing.

that's why the price is increasing rapidly and persisting, because the interest of players is too big so far as it is still easy to get profits, axie easily attracts the attention of gamers who are in coin lovers, and existing altcoin hunters.

Now that players are forced to play more on Arena, I can say that this game are getting better and getting more fun because at first, I just play this to earn money and I know games are for fun but with the opportunities that we have in Axie, you have to play this one seriously. Axie grows bigger than what is expected, they are here a year now and still doing the best they can to provide quality games.

livingfree

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Quote from: ccFOUND on August 13, 2021, 05:00:32 PM

This token is based on gaming NFTs and it rose high because all the NFT based projects are doing good during alt season and Axie Infinity game caught interest of a lot of users who belong to gaming industry and would like to earn while playing games. Axie infinity is a play-to-earn game and the token's price is rising because the demand for AXS is increasing. Though, this is crypto and we heard that the rewards were reduced, so the price will depend on the interest of players and how long do they remain a part of this gameplay.

Yes, rewards for every player was reduced.

Adventure only got a maximum 50 slp per day which was 100 before. Daily quest is now 25 slp if you complete it which was 50 before. It's halved as they say.

While in arena, the higher rank you have. Each win will give you more slp.

ccFOUND

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This token is based on gaming NFTs and it rose high because all the NFT based projects are doing good during alt season and Axie Infinity game caught interest of a lot of users who belong to gaming industry and would like to earn while playing games. Axie infinity is a play-to-earn game and the token's price is rising because the demand for AXS is increasing. Though, this is crypto and we heard that the rewards were reduced, so the price will depend on the interest of players and how long do they remain a part of this gameplay.

Topic: what's with "axie infinity"? - page 2. (Read 1121 times)