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Thai Baht (THB) to Axie Infinity (AXS) Instantly
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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.
How to Buy Axie Infinity (AXS)
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Frequently asked questions
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What is the most common way to buy Axie Infinity (AXS) with Thai Baht (THB)?
The most common method is using a regulated cryptocurrency exchange in Thailand that lists the THB/AXS pair. These platforms act as a fiat on-ramp, allowing you to deposit THB directly from a Thai bank account, often via Thai QR payment or bank transfer. After completing KYC/AML verification, you can place an order to purchase AXS, which is the governance token for the Axie Infinity play-to-earn ecosystem. -
What is the function of the Ronin Network when transacting with AXS tokens?
The Ronin Network is an Ethereum-linked sidechain specifically created for the Axie Infinity ecosystem. Its primary function is to enable fast, low-cost blockchain transactions. When you buy AXS, you will often withdraw it to a Ronin Wallet. This avoids the high gas fees and slower confirmation times of the Ethereum mainnet, which is crucial for in-game activities like staking AXS or interacting with the Axie Marketplace. -
After acquiring AXS with THB, can I participate in staking for rewards?
Yes, staking is a core feature of the AXS tokenomics. Once you have purchased AXS and transferred it to your Ronin Wallet, you can visit the official Axie Infinity staking dashboard. By locking your AXS tokens in the staking smart contract, you help secure the network and can earn staking rewards, typically paid out in more AXS. This also grants you voting rights in the community treasury's governance. -
What's the difference between the AXS token and the SLP token in Axie Infinity?
Axie Infinity Shards (AXS) and Smooth Love Potion (SLP) have distinct roles. AXS is the governance token of the ecosystem, used for staking and voting on key decisions. It represents a share in the Axie universe. SLP, on the other hand, is the in-game utility token earned by playing the game. Its primary use case is as a required digital asset for breeding new Axie NFTs. In essence, you buy AXS to invest in the platform, and you earn/use SLP through gameplay. -
What is the primary utility of the AXS token within the Axie Infinity play-to-earn ecosystem?
The AXS token's primary utility is decentralized governance. Holders can stake their AXS to participate in voting on proposals that direct the future of the game and the allocation of the Community Treasury funds. Beyond governance, AXS is required for certain in-game actions like breeding Axies (along with SLP) and is the main token for receiving staking rewards, thus aligning long-term holder incentives with the success of the Axie Infinity decentralized autonomous organization (DAO).