The Axie Infinity AXS token is up more than 70% after the staking services were launched on the platform, with a trader’s chance of earning up to 385% interest.
In the past few days, Monster NFT game development team Axie Infinity has released $ 60 million to early adopters and added staking features with an annual percentage return of up to 385%. AXS holders have been making early profits for several months, and the governance token is up 38% over the past day and 70% over the past week. The surge started a day ago and lasted until this morning, with the price of a single Axie Infinity AXS token reaching $ 119. Sales of NFTs have also increased more than 50% in the last few weeks, while they have decreased by 10% in the last few weeks last week.
The staking bonus is now available!
You can claim the bonus every 24 hours and use it again!
– Axie Infinity🦇🔊 (@AxieInfinity) October 1, 2021
The owners have invested $ 1.17 billion in AXS, and rates usually go up when fewer people invest in AXS. As it has dropped to 226% at the time of writing. Axie Infinity popularized a mechanism called “Play for Money” where players can earn valuable AXS and NFT tokens by winning battles and completing quests. Although it now costs more than $ 1000 to buy enough creatures to play with, the popular game in emerging markets has flipped the right NFT, which means you can make some cash to pay your rent. Research by Messari also shows that Axie’s market cap is at $ 29.9 billion, which would make it the fifth largest video game behind Nintendo, Roblox and Blizzard. What also appeals to players is that AXS governance token holders can use their coins to vote on the game’s future development. This is similar to shares in a corporate company, but it’s the people who own the most money who decide what happens.
Me and @clerkclirkMy axie account received a total drop of 2.5k AXS worth $ 189,000. The biggest airdrop we’ve ever had. Thanks very much @AxieInfinity. Keep making good progress, we believe in you and your 3-year balance sheet. pic.twitter.com/C075w2A3VM
– Napoleon (@Napoleon_TC) September 30, 2021
Several people received hundreds of thousands from AXS in an airdrop, and one trader even tweeted that they received $ 183,314 tokens from the airdrop:
“The biggest airdrop we’ve ever had. Thanks @AxieInfinity. “
As recently reported, SKy Mavis announced that it has launched its long-awaited staking feature, which allows AXS holders to block governance tokens on the network for incremental rewards. Governance tokens are a type of cryptocurrency token that grants its holders certain rights and privileges. So for the first month, Axie plans to issue staking rewards worth 2 million AxS, or about $ 150 million of the current value of the token.
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