Axie Infinity Unveils bAXS Airdrop to Reward Stakers and Boost In-Game Economy
- New Token Launch: Axie Infinity is introducing Bonded AXS (bAXS), a 1:1 backed game token used for breeding, evolving Axies, and marketplace transactions.
- Airdrop Rewards: 100,000 bAXS will be distributed to players who held at least 10 staked AXS during a February 5 snapshot.
- Economic Integration: The token is designed to drive the in-game economy, specifically for upgrades and upcoming titles like Atia’s Legacy and Terrariums.
Popular NFT game Axie Infinity is creating a new game token called Bonded AXS, or bAXS, and giving it away to players.
The team took a snapshot of the network on February 5 and will airdrop 100,000 bAXS to wallets that had staked at least 10 AXS at that time. At today’s prices, ten AXS is roughly US$16.90 (AU$26).
How much each wallet receives will depend on two things: the player’s Axie Score and how much AXS they have staked.
Read more: Michael Burry Warns Bitcoin Breakdown Could Trigger “Sickening” Cascade
Axie Infinity’s New Game Token
The game runs on Ronin, an Ethereum sidechain built by developer Sky Mavis, which is now trying to rebuild the franchise with new titles like Atia’s Legacy and the Terrariums land game.
bAXS is backed 1:1 by the normal AXS token and works the same way inside the game. Players will be able to use it to evolve and breed Axies and spend it in the Axie marketplace.
The idea is to push more of the token’s use directly into the game economy, especially for upgrading Axies. The team expects demand for upgrades to grow as new game modes like Atia’s Legacy and Terrariums roll out, which would increase the need to spend bAXS.
Terrariums is a new land-based game where Axies live on plots, play mini-games, go on expeditions, and join guilds. Players will be able to earn bAXS there as well, and both AXS and bAXS are expected to be used for things like consumable power-ups and other in-game items. Terrariums is planned to launch in the second quarter of the year, after bAXS and a second, still-undetailed, bAXS airdrop.
The new token comes after a volatile stretch for AXS. The token has climbed 57% over the past 30 days and now trades around US$1.55 (AU$2), but that is still down about 35% from a late-January spike to US$2.92 (AU$4).
AXS/USD. Source: TradingView.
It also remains about 99% below its 2021 all-time high of US$164.90 (AU$252), when Axie Infinity’s play-to-earn model briefly attracted more than a million daily active players.
The post Axie Infinity Unveils bAXS Airdrop to Reward Stakers and Boost In-Game Economy appeared first on Crypto News Australia.
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