How to Buy Axie Infinity (AXS) [2022]

Axie Infinity is among the leading play-to-earn (P2E) blockchain-based games. Its native ecosystem token, Axie Infinity Shards (AXS), is also one of the largest crypto assets by market cap. This guide details some of the uses of AXS, how to buy it, and why a casual investor may consider investing in the token.

Introduction

Axie Infinity is a Pokémon-inspired blockchain-based P2E game currently with hundreds of thousands of players. It was launched in March 2018 by Vietnamese video game developer Sky Mavis. In 2020, the game conducted a successful crowdfunding exercise through the Binance Launchpad IEO (initial exchange offering), raising close to $3 million.

Players get rewarded in two types of tokens for skilled gameplay and participating within the Axie Infinity ecosystem. These are:

• Axie Infinity Shards (AXS);
• Smooth Love Portion (SLP).

AXS is a governance token that will be the focus of this article, while the SLP is used to facilitate the breeding of digital pets within the game called Axies. These Axies are non-fungible in nature and can be bred, raised, battled, and traded within the Axie Infinity ecosystem. The two tokens can be earned by players as rewards for winning battles, leveling up, and evolving.

However, playing is not the only way to get your hands on any of the two tokens because you can also buy them off crypto trading platforms. They are available on centralized and decentralized exchanges, and in this guide, we will focus on the former option, which is much simpler and more appealing to most beginners.

Why Invest in Axie Infinity (AXS)?

The AXS token is an important ingredient within the Axie Infinity ecosystem for several reasons. As an investor, there are four main reasons to buy AXS tokens:

• Governance – the token was created first and foremost to enable holders to participate in important decision-making that affects the development and maintenance of the game. For example, AXS holders can vote on how the game’s ecosystem funds…