The reward for staking depends on how the number of staked tokens in the blockchain. How much reward will you get for staking AXS? It is worth noting that the AXS staking might last forever, but with time, the rewards from staking your AXS will come down. There is no specific day when the AXS staking will last, and the platform hasn’t specified any date. With these steps, you would have been able to stake your AXS tokens, and you will be eligible for voting rights in the Axie Infinity ecosystem. Step 4: Click on ‘Stake’ which will open a pop-up where you will need to enter how many tokens you want to stake. The community treasury, in turn, incentivizes the AXS holders by giving them voting rights and earn AXS rewards. Members of the community treasury govern the game universe in return.Īdditionally, holders of AXS tokens can stake their rewards to govern or have a say over the community treasury. The returns earned in the Axie Infinity game universe are sent into the community treasury. You can also earn AXS tokens by buying them directly from crypto exchanges worldwide.įurthermore, players of the Axie Infinity game universe can spend their AXS tokens in the game and may earn more AXS tokens in return. You can earn more AXS tokens just by staking it or winning the different quests in the game. Think of staking in Axie Infinity as having shares in the blockchain protocol or the Axie Infinity game universe. Also, users can vote and have a say in the governance of the blockchain protocol, which holds billions of assets.įurthermore, the AXS staking system has grown, and it is devoted to offering more rewards to participants. Axie Infinity rewards its users through staking by earning more AXS tokens on the platform. ![]() Also, you can even unstake them if you want to, at any point in time.Īxie Infinity blockchain protocol also allows its investors to stake their AXS tokens. It is essential to note that when you stake crypto coins on a blockchain protocol, you still own them, and if you want to trade them, you can. Sometimes, these rewards come in the same type of crypto coin that was used for staking. Still, the land staking is temporary, with rewards set to transition to active gameplay after the land update is released.New crypto tokens are minted and distributed to stakers in the form of staking rewards on the blockchain protocol when a new block is added. AXS joins the list of other popular metaverse tokens like The Sandbox (SAND) and Decentraland (MANA), along with crypto stalwarts Terra (LUNA) and Binance Coin (BNB).įurthermore, the move also comes as players responded to a delay in the game’s land features by putting their virtual plots for sale and driving land prices down significantly. In the BlockFi blogpost, the crypto lender said non-US users will now be able to trade and earn interest on AXS and 13 other popular tokens, which will be available from May 4, 2022. Moreover, the sharp gains likely indicate a turning point for AXS after it lost over 50% of its value on a crippling $600 million hack in late March, resulting in a falling player count. Likewise, the token was the best performing metaverse token in the past 24 hours. To clarify, the launch of land staking rewards is to promote owning virtual land, as well as improve its governance.ĪXS jumped by almost 20% to $34.56, recovering sharply from a near one-year low hit earlier this week. At the same time, the crypto lender BlockFi also added support for AXS. ![]() The move appears to be successful so far.
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