Purchase Axie Infinity (AXS) with Malaysian Ringgit (MYR) easily at Switchere and benefit from fast, secure transactions.
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.
To purchase AXS with MYR, users typically use a regulated cryptocurrency exchange that serves as a fiat on-ramp in Malaysia. The most common payment methods include FPX online bank transfers or DuitNow. After completing KYC/AML compliance, you can deposit MYR into your exchange account and then execute a trade on the MYR/AXS order book.
While AXS can be stored in any EVM-compatible digital wallet, active participation in the Axie Infinity ecosystem requires a Ronin Wallet. The Ronin Wallet is specifically designed to interact with the Ronin sidechain, enabling fast and low-cost blockchain transactions on the Axie marketplace and for in-game activities. Transferring AXS from an exchange to your Ronin Wallet is a necessary step for gameplay.
The Ronin sidechain, an EVM-compatible blockchain, was developed by Sky Mavis to address the scalability issues and high gas fees of the Ethereum mainnet. For a high-volume play-to-earn game like Axie Infinity, these fees made in-game blockchain transactions (like trading on the Axie marketplace or breeding) prohibitively expensive. Ronin enables a smoother, faster, and cheaper user experience, which is critical for the game's economic model and player retention.
Axie Infinity Shards (AXS) is the primary governance token of the Axie Infinity digital pet universe. Its core functions include participating in governance votes on the future direction of the game, staking AXS to earn rewards, and payment for breeding new Axies. It is distinct from SLP (Smooth Love Potion), which is the main in-game reward token.
When converting MYR to AXS, prioritize using a regulated digital asset exchange in Malaysia that adheres to strict KYC/AML compliance. Secure your exchange account with two-factor authentication (2FA). Once purchased, for long-term holding or gameplay, it is highly recommended to transfer your AXS from the exchange to your personal, non-custodial Ronin Wallet to have full control over your private keys.
Yes, once you acquire AXS with your Malaysian Ringgit and transfer them to your Ronin Wallet, you can participate in staking. By staking your AXS tokens on the official Axie Infinity staking dashboard, you help secure the network and participate in its governance. In return for this contribution, you receive regular staking rewards, typically paid out in more AXS tokens.