Axie Infinity is a trading and competitive game that is based on blockchain. It’s partially owned and maintained by players. If you’ve ever played Pokémon or Tamagotchi, you will succeed at playing Axie Infinity. There, you can raise, breed, collect, battle, and trade Axies, which are non-fungible tokens.
However, the network has its own token — Axie Infinity Shard (AXS). AXS is an ERC-20 token working on the Ethereum blockchain. Like any other governance token, AXS allows its holders to vote for the ecosystem developments and decide how funds in the Axie Community Treasury are spent. AXS is used to pay for items on the platform.
It’s also possible to stake AXS tokens. The ecosystem allows users’ AXS tokens to remain untouched for a certain period. Rewards will accumulate with time. As a result, the user can receive more AXS tokens. Unlike with other platforms, to claim their rewards, AXS holders have to stake tokens, play the game, and vote for key development decisions.
The total supply of the Axie Infinity Shards is capped at 270 million tokens. According to the schedule, 100% of tokens will be in circulation by the beginning of 2026.
The US dollar is a domestic currency of the United States of America. However, not everyone knows that USD is a legal tender in seven other countries and five US territories. USD is one of the major reserve currencies. The US dollar is accepted worldwide, but it isn’t an official currency in all countries.
The best time to trade the AXS/USD pair is from 15:00 to 24:00 (GMT+3, indicated in LiteFinance trading platform). These periods correspond to the American trading session. As cryptocurrencies are traded 24/7, you should pay attention to the liquidity degree of the US dollar when trading AXS to USD.
Risk warning: Trading in FX and CFDs entails high risk of losing capital.
