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Israeli New Shekel (ILS) to Axie Infinity (AXS) Instantly
Purchase Axie Infinity (AXS) with Israeli New Shekel (ILS) easily at Switchere and benefit from fast, secure transactions.
About
Axie Infinity (AXS)
Axie Infinity Shards (AXS) is the native governance token for Axie Infinity, a pioneering play-to-earn (P2E) digital pet universe built on blockchain technology. The game allows players to collect, breed, raise, battle, and trade fantasy creatures known as Axies, which are represented as unique Non-Fungible Tokens (NFTs). Axie Infinity aims to solve the problem of centralized control in gaming by empowering players with true ownership of their in-game digital assets and a stake in the game's development and ecosystem through its decentralized governance structure.
The core technology leverages the Ronin sidechain, an Ethereum-linked sidechain developed by Sky Mavis, designed specifically to address Ethereum's scalability issues, enabling fast and low-cost transactions for a seamless gaming experience. This Web3 infrastructure supports a complex digital economy where players can earn rewards. The AXS token is an ERC-20 token crucial for the ecosystem's tokenomics; its primary utilities include staking for rewards, participation in governance votes to influence the future direction of the game and the allocation of the Community Treasury, and potentially for certain in-game payments. Axie Infinity is a significant player in the GameFi and NFT space, driving adoption of blockchain gaming and demonstrating the potential of on-chain digital economies.
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Frequently asked questions
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What are the common methods to buy Axie Infinity (AXS) with Israeli Shekel (ILS)?
To buy AXS with ILS, you typically use a cryptocurrency exchange that acts as a fiat on-ramp supporting Israeli Shekels. The most common process involves making an ILS deposit via a bank transfer in Israel or a credit card purchase. Often, you might first need to buy a major cryptocurrency like Bitcoin (BTC) or a stablecoin (like USDT) with your ILS, and then trade that asset for AXS on the exchange's order book. -
What is the function of the AXS token within the Axie Infinity play-to-earn game?
AXS, or Axie Infinity Shards, is the primary governance token of the Axie Infinity ecosystem. Holding AXS allows users to participate in key governance votes. Additionally, it's a digital asset that can be staked to earn staking rewards, paid out from the community treasury. It is a core component of this blockchain game's economy, distinct from SLP (Smooth Love Potion), which is earned through gameplay and used for breeding Axies. -
Why is the Ronin Network important when transacting with AXS tokens?
The Ronin Network is an Ethereum-linked sidechain custom-built for Axie Infinity. Most in-game transactions, including interactions on the Axie Marketplace and staking AXS, occur on Ronin to avoid the high gas fees and slower transaction times of the Ethereum mainnet. When you buy AXS on an exchange, you often need to transfer it to a specific Ronin wallet via a 'bridge' to use it within the game's ecosystem, such as on the Katana DEX. -
Are there direct ILS/AXS trading pairs available, or do I need to perform multiple trades?
Direct ILS/AXS trading pairs are very rare due to lower liquidity for the Israeli Shekel on global crypto platforms. The standard procedure is to use an ILS fiat on-ramp to acquire a highly liquid asset like USDT, BUSD, BTC, or ETH first. Afterwards, you would navigate to the AXS/USDT or AXS/BTC pair on the exchange to complete your purchase. This two-step process is common for many fiat-to-altcoin transactions. -
What are the typical KYC/AML compliance steps for purchasing crypto with ILS?
When using a regulated exchange to convert Israeli Shekel (ILS) to a digital asset, you must undergo KYC (Know Your Customer) and AML (Anti-Money Laundering) verification. This process typically requires you to provide a government-issued ID (passport or national ID card), proof of address (like a utility bill), and sometimes a selfie for biometric verification. These compliance measures are mandatory for licensed financial institutions to prevent illicit activities.
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