Many people have questioned the legitimacy of the Axie Infinity game. Concerned people are wondering if the game is a Ponzi scheme. The game has become popular because you can make money from playing the game. In this article, we will answer the question – Is Axie Infinity Legit?
According to Tech in Asia, People from the Philippines are reported to benefit from the game. A player from the Philippines claimed that the earnings from the game allowed him to purchase two houses and a car. Such reports have caused a frenzy on the legitimacy of the game.
What is Axie Infinity?
Axie Infinity is a blockchain that allows the players to earn in cryptocurrency that can be exchanged for money. The game requires the players to collect pets called Axies by going through the process of breeding, raising, batling, and trading them in the Axie system.
Axie infinity uses Smooth Love Potion (SLP). and Axie Infinity Shards (AXS) that are Ethereum based cryptocurrencies. The game allows the players to learn cryptocurrency in a fun way.
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How to Earn Money While Playing Axie Infinity
One of the ways to earn money from Axie Infinity is by farming the SLPS in the Axie ecosystem. Farming SLPS involves battling the monsters in the Adventure mode and battling other players at the Arena. The players are required to complete some daily tasks to earn the SLP. Once you earn enough SLPs you can trade them in the market according to the existing prices.
For instance, Aaron Anson broke down his earnings from SLP amounting to $20/08 per day. The total amounts from an average of 130 SLP per day. in the current market price of US$ 0.16 (RM 0.68)
Another way to make money through Axie Infinity is to breed and sell Axis. However, you will require SLP to accomplish this. If you can afford to purchase the Axies, you can begin earning money by building more Axis to exchange in the market.
How to Buy Your Own Axie
The first step is to purchase Ethereum at the cryptocurrency platforms such as Coinbase. Once you purchase you will have the balance in your MetaMask Wallet.
Once at the MetaMask Wallet you can move your Ethereum currency to the Ronin wallet that was designed to enable players to purchase Axies at a low cost.
Using Ethereum in your Wallet, you can now head to the marketplace to purchase the beginner three Axies. It is best to note that you should go for the proper bread and pure Axies.
The quality of a well-bred Axies included the ones that have high health and can withstand high damage. Once you purchase your three Axies, you can begin playing the game.
Is Axie Infinity Legit?
Axie Infinity is a platform that encourages players to participate in the cryptocurrency exchange. However, critics are comparing the Axie ecosystem to a Ponzi Scheme because it needs a consistent flow of players to sustain its currency.
It is safe to say that the game is not a scam>Axie Infinity is a legit ecosystem that has potential. Once you earn the SLP and breed them into Axies, you can trade them or sell them to new layers for a profit.SLP can get converted into Ethereum which gets converted into real money.
Therefore, you can make money using Axie infinity once you understand the value of the ecosystem. An average player needs at least two months to breed SLP into Axies to sell them to new players.