Purchase Axie Infinity (AXS) with New Taiwan Dollar (TWD) 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 TWD, you can use a fiat on-ramp on a cryptocurrency exchange that supports TWD deposits. This often involves a TWD bank transfer or using a credit/debit card. Many traders in Taiwan use either local Taiwanese exchanges or major international platforms with TWD P2P markets. After completing KYC/AML compliance, you can directly trade TWD for this key digital asset in the GameFi space.
The Ronin Network is an Ethereum-linked sidechain specifically built for Axie Infinity. It's crucial because it enables near-instant blockchain transactions with significantly lower gas fees compared to the Ethereum mainnet. Most AXS activities, including staking, trading on the Katana DEX, and managing assets on the Axie Marketplace, occur on the Ronin Network. For secure trading and cost efficiency, using a dedicated Ronin Wallet is standard practice.
After acquiring AXS, it's highly recommended to move them from the exchange to a personal digital wallet for which you control the private keys. For Axie Infinity, the standard is the Ronin Wallet. For maximum security of your digital assets, consider a hardware wallet (like Ledger or Trezor) that is compatible with the Ronin Network. Never share your seed phrase and always double-check wallet addresses before confirming a blockchain transaction.
Axie Infinity Shards (AXS) are the native governance token of the Axie Infinity ecosystem. Holding AXS allows players to participate in key governance votes that shape the game's future. Furthermore, AXS is essential for staking to earn rewards, can be used in the Axie Marketplace, and plays a role in the future of features like land staking and managing the community treasury, differentiating it from the in-game currency, SLP.
Yes, any reputable cryptocurrency exchange or fiat gateway operating in Taiwan and handling TWD will require KYC/AML (Know Your Customer/Anti-Money Laundering) compliance. This typically involves verifying your identity with government-issued ID and sometimes proof of address. This is a standard security measure to prevent fraud and comply with local regulations, ensuring a secure trading environment for your digital asset purchase.
Yes, staking is a core utility of the AXS governance token. You can stake your AXS tokens via the official Axie Infinity staking dashboard, which operates on the Ronin Network. By staking, you help secure the network and participate in the play-to-earn ecosystem's governance, and in return, you earn staking rewards, typically paid out in more AXS. This is a popular way for holders to generate passive income from their digital asset.