Axie Infinity: Part 1
Market Meditations | July 29, 2021
? Axie Infinity: Part 1
Before we dive into how to build wealth by playing the game, we need to start with the basics.
In Axie Infinity you will find a digital pet universe where players battle, raise and trade fantasy creatures called Axies. The first thing you need, in order to be able to play the game, are 3 Axies, which you can buy on the Axie Marketplace. As for these little creatures, they have a few distinct features that vary:
- Stats (Health, Morale, Skill and Speed)
- 6 Body Parts (Eyes, Ears, Horn, Mouth, Back and Tail)
- Classes (Reptile, Plant, Dusk, Beast, Bug, Mech, Aquatic, Bird, Dawn)
The features above are key when it comes to: determining the price of an Axie, how strong or weak it is in battle, what’s the best use for it and whether it’s good for breeding. Now, it’s time for the question we’ve all been waiting for, How do I play and earn?
Battles (PvE, PvP, Quests)
Starting off, you can go into battles with your Axies, which can earn you the in-game currency of the game when you win, SLP, short for Smooth Love Potion. SLP can be traded like a normal token on exchanges, such as uniswap. As of now, its price stands at $0.26 per token. SLP is essentially the in-game reward system of the game, and it’s needed to breed more baby Axies as well. There are two types of battles you can get into: PvE and PvP.
PvE Battle in Axie Infinity
PvE, stands for Person versus Environment, and it means you’re battling against monsters, you’re up against enemies that are controlled by a computer and not a human player, with each win getting you some SLP. And if that sounds easy for you, I challenge you to try it out, they’re pretty strong and won’t let you beat them, especially as you progress through the PvE levels.
PvP Battle in Axie Infinity
With the second battle type, PvP (Person versus Person), comes the human factor, which means you’re playing against real people just like yourself! For those familiar with Pokemon, this is where Axie closely resembles it, as winning versus a real person is not a simple feat, it requires you to:
- Pick your Axies carefully
- Position them correctly
- Play your cards at the right order and time
- Calculate yours and your opponent’s energy per round (Energy determines how many cards you can play per round)
As you can see, this is a game where nothing is left to chance. You need a good strategy to face your enemies, but that’s why you’re rewarded with SLP when you beat them! In fact Axie can become pretty complex, which is why the best PvP players compete in tournaments where they can earn big amounts of AXS, which is worth about $50 per coin as of this writing. As for the use cases of AXS: it is accepted as a form of payment in the Axie Marketplace, it’s also required for breeding Axies, it acts as a governance and soon enough, it will be a staking token.
Daily Quests in Axie Infinity
In addition, if you complete the daily quests, you can earn an extra amount of 50 SLP per day. For the specifics of it, a daily quest is comprised of 3 tasks:
- Checking into the game
- Completing 10 Adventure Mode levels
- Winning 5 arena matches
At this point, you might be thinking: “I’ve won some battles, gathered some SLP, what am I supposed to do with it?” The answer to that is fairly simple, you can either:
- Sell it for any other coin you’d like on an available exchange, such as Uniswap.
- Hold it, as you would with any other asset that you believe will appreciate in value.
- Breed Axies with it.
Breeding Axies is a whole other topic that we will discuss in Part 2 next week. We’ll also explore ways to start playing if you can’t afford to purchase Axies!