Purchase Axie Infinity (AXS) with Romanian Leu (RON) 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.
Users trade RON for AXS primarily to engage in governance and staking. While RON serves as the gas token for transactions on the Ronin sidechain, AXS (Axie Infinity Shards) is the governance token for the Axie Infinity universe. Holding AXS allows users to vote on community treasury proposals and stake their tokens to earn staking rewards, giving them a direct voice in the platform's future.
Yes, every transaction on the Ronin network, including a token swap on Katana DEX, requires a gas fee. These fees are paid exclusively in RON, as it is the native utility and gas token of the blockchain. This mechanism is crucial for compensating the network's validators who secure the chain and process transactions. Therefore, you must hold a small amount of RON in your Ronin Wallet to cover these costs.
The most secure and recommended method for storing both RON and AXS on the Ronin network is by using the official Ronin Wallet. This is a non-custodial digital wallet, meaning you have full control over your private keys and digital assets. Using the Ronin Wallet ensures seamless integration with Katana DEX for trades and the Axie Infinity marketplace. Always back up your seed phrase securely offline and never share it.
The primary and most efficient venue for trading RON for AXS is Katana, the native decentralized exchange (DEX) on the Ronin network. Swapping directly on Katana DEX ensures you remain within the Axie Infinity ecosystem, benefit from low transaction fees paid in RON, and can interact directly from your secure Ronin Wallet without needing a third-party bridge or centralized exchange for the swap itself.
Holding RON is a strategy focused on network utility and participation. It's essential for paying gas fees, and it can be staked with validators to earn a share of network rewards, contributing to the Ronin sidechain's security. Holding AXS is a strategy focused on governance and ecosystem investment. It grants voting rights on the Axie Infinity's community treasury and can be staked for a separate pool of AXS rewards, aligning your interests with the long-term success of the game and its universe.
No, the Ronin Bridge is not used for trading tokens that are already on the Ronin network. The bridge's function is to facilitate cross-chain transfers of assets, specifically between the Ethereum mainnet and the Ronin sidechain. To trade RON for AXS, you should use a decentralized exchange (DEX) operating directly on Ronin, such as Katana. The trade is a native blockchain transaction within the Ronin ecosystem itself.