Axie Infinity Casino Guide of 2023

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You can play almost all games with Axie Infinity, just as you would with Bitcoin, for example. Some game providers have certain restrictions in regards to which coins can be used for playing their games. But if a casino offers the option to play with Axie Infinity, then they also have a large collection of Axie Infinity games available: whether you prefer Axie Infinity slots, poker, roulette, blackjack or some other table game or live game.

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May the odds be ever in your favor!

The primary use of Axie Infinity is that of a governance token, which allows holders of the token to have a say in what way a project should get developed or which protocols the development team should implement, for example. Basically, it gives users a chance to vote on what way a particular project’s funds should be spent.

In addition, Axie Infinity is a game which is built on blockchain technology, in a decentralized manner. Here players can collect, trade, raise, and then battle these so-called Axies. Axies are NFTs and can also be entered into multiplayer battles. You can make new ones by breeding Axies and later on use them in battle or sell them at the marketplace. It costs 0.005 ETH and a couple of SLP tokens to breed Axies. Each Axie can only be bred a total of 7 times, which helps controlling the population.

Users can also claim various rewards by playing the game and staking AXS tokens.

1. Decentralization: Axie Infinity is an Ethereum blockchain based token and it uses the ERC-20 system. It also works on a proof of work mechanism.
2. Safety: Axie Infinity is secured by Ethereum’s proof of work mechanism. However, it is worth mentioning that no cryptocurrency or blockchain-based application is 100 % safe; there is always a chance of hack attacks.
3. Scalability: A company called Sky Mavis is currently developing Ronin, a new sidechain designed specifically to host Axie Infinity. The Ronin sidechain will make it cheaper to trade and breed Axies. It aims to make blockchain based games more scalable, which will reduce the cost of playing, in this case, the Axie Infinity.

The fee is determined by the network’s demand and supply between miners.

Being an Ethereum blockchain based token, Axie Infinity’s fee price is a reflection of the success of altcoins which are native to this chain and, in a way, contribute to its congestion. At the moment, the fees are pretty high.

Axie Infinity had two bull runs in 2021; one at the beginning of summer and the other in the middle of autumn, peaking at $160. One AXS is currently worth $81.94. The fees during this time remained rather high since they not only reflect Axie’s success, but also the success of all the other tokens built on the Ethereum blockchain.

Axie Infinity project on itself is an NFT based game where users can mint AXS NFTs in-game in order to beat their opponents in battle. In addition, players can also breed, raise and trade their Axie Infinity NFTs.