• Axie Infinity is a Pokémon-inspired digital pet universe built on the Ethereum blockchain where anyone can earn token rewards through skilled gameplay and contributions to the ecosystem.

  • To create a better user experience and promote scalability, the Axie Infinity team is building a layer-2 sidechain named Ronin.

  • The AXS token is the ERC-20 utility token of the platform and is used for:

    • Governance: AXS token holders will be able to stake their tokens and participate in governance voting.

    • Staking: Players will be able to stake their AXS to earn weekly rewards.

    • Payment: Players can use the AXS token to play games and conduct payments.

  • Current features of Axie Infinity include:

    • Battle: Pets known as Axies can battle against each other to level up and evolve.

    • Breeding: Axies can be bred to create new offspring.

    • Land: Homes and bases for all Axies, which can be upgraded over time using a variety of resources and crafting ingredients.

    • Marketplace: A decentralized marketplace for trading Axies with global players.

Key metrics (as of October 26th 2020)

Ticker

AXS

Initial Circ. Supply

59,985,000 AXS (22.22%)

Total Token Supply

270,000,000 AXS

Binance Launchpad Sale Price

0.10 USD / AXS


1. What is "Axie Infinity" (AXS)

Axie Infinity (or "the Project") is a Pokémon-inspired digital pet universe where anyone can earn tokens through skilled gameplay and contributions to the ecosystem. Players can battle, collect, raise, and build a land-based kingdom for their pets (known as Axies). Currently, players can start the game by purchasing Axies from other players on the Marketplace.

All in-game assets and Axie-related data can be accessed by 3rd parties, allowing community developers to build their tools and experiences in the Axie Infinity universe.

The project team aims to build a platform that encompasses the characteristics of a social network and jobs platform by creating a strong community and play-to-earn opportunities.

product

Recent news

2. Existing products

2.1 Battle

The Axie team started development on the real-time card battle system and application in March 2019 and released an Alpha in December 2019. The battle system was structured as an "idle battle" system with inspiration from games such as Final Fantasy Tactics and Idle Heroes.

The current Axie battle system pits 3 Axies against each other in real-time. At the beginning of each round, Axies are dealt with cards based on their body parts. Players must choose the cards that maximize their chances of winning while anticipating which cards their opponents will play.

Marketplace

Source: Axie Infinity Management Team.

2.2 Breeding

Similar to real-world pets, pets on the platform (called Axies) can be bred to create new offspring. To avoid hyperinflation of Axies, an Axie can only be bred 7 times. An increasing amount of Small Love Potion (SLP) is needed each time an Axie is bred. SLPs can be earned by playing the game in PvE Adventure mode as well as the PvP Arena.

Each Axie has 6 body parts as well as a body shape. For each part, an Axie possesses 3 genes. A dominant (D), recessive (R1), and minor recessive gene (R2).

The dominant gene is what determines the body part that is physically present on the Axie. When breeding, each gene has a chance to be passed down to the offspring. If a gene for a particular body part is not passed down, the traits for that body part will be randomized.

  • Dominant (D): 37.5% chance to pass this gene to the offspring.

  • Recessive (R1): 9.375% chance to pass this gene to the offspring.

  • Minor Recessive (R2): 3.125% chance to pass this gene to the offspring.

Marketplace

Source: Axie Infinity Management Team.

2.3 Land

The Axie Infinity game world is divided into tokenized plots of Land which act as homes and bases of operation for Axies. Plots can be upgraded over time using a variety of resources and crafting ingredients that can be found when playing the game. In addition, Land owners might find AXS tokens on their land plots, or use the Axies that occupy the land plot to explore resources on the map.

There are currently 90,601 plots of Land in the game. These Land plots are represented as Non-Fungible Tokens (NFTs) and can be freely traded by players.

Marketplace

Source: Axie Infinity Management Team.

Players will also be able to create games using the Lunacia SDK and place these games on land that they own.

2.4 Marketplace

Axie Infinity's Marketplace allows players to trade Axies, Lands and items with global players.

3. Technical infrastructure

An overview of the overall Axie Infinity architecture is shown below:

tech

Source: Axie Infinity Management Team.

Axies, Lands, and other in-game items are NFTs currently deployed on Loom Network and will be migrated to the platform's Ronin sidechain to scale the technical infrastructure. Ronin is an application-specific sidechain specifically designed for Axie Infinity and is currently in testnet.

Full migration of NFTs is expected to happen early in 2021 before a mainstream release of the game.

4. Token sales and economics

4.1 Token allocation

Token Name

AXS

Binance Launchpad Sale

11.00% of the total token supply

Private Sale

4.00% of the total token supply

Play to Earn

20.00% of the total token supply

Staking Rewards

29.00% of the total token supply

Team

21.00% of the total token supply

Advisors

7.00% of the total token supply

Ecosystem Fund

8.00% of the total token supply

4.2 Token sales data

Token Name

AXS

Private Sale Allocation

10,800,000 AXS

Private Sale Token Price

0.08 USD / AXS

Private Sale Amount Raised

864,000 USD

Binance Launchpad Sale Allocation

29,700,000 AXS

Binance Launchpad Sale Token Price

0.10 USD / AXS

Binance Launchpad Amount to be Raised

2,970,000 USD

4.3 Token governance and use of funds

As of writing, The Axie team has used funds raised according to the allocations below:

  • 85% Development expenses

  • 10% Administrative costs

  • 5% Business development & marketing

All funds are held in a multi-sig cold wallet controlled by the core team. All movements of fund require at least 2 out of 3 signatures from top management team.

AXS token supply distribution (%)
AXS token release schedule

4.4 AXS token overview and use-cases

The AXS token has the following use cases:

  • Governance: AXS token holders will be able to stake their tokens and participate in governance votes.

  • Staking: Players will be able to stake their AXS to earn weekly rewards.

  • Payment: Players can use the AXS token to play games and conduct payments.

Players will be able to earn AXS tokens when they play various games within the Axie Infinity universe and through user-generated content initiatives.

In early 2021, players will be able to stake AXS tokens for rewards. The amount of AXS tokens a player receives as rewards depends on whether he/she has played the game and participated in governance voting over a period of time. All distributed rewards will be locked in a smart contract for 1 year.

The Community Treasury will be launched after staking features are implemented, and will receive revenues generated by Axie Infinity as well as a portion of staking rewards. This treasury will be governed by AXS stakers when the network has become sufficiently decentralized.

gamemaker

Source: Axie Infinity Management Team.

5. Project team

Trung Thanh Nguyen
CEO
Former Software Engineer at Anduin Transactions, Co-Founder and former CTO at Lozi.
Aleksander Leonard Larsen
COO
Secretary Board of Directors at Blockchain Game Alliance, Partnered Streamer at Twitch.
Viet Anh Ho
CTO
Former Full Stack Engineer at Anduin Transactions, Software Engineer Intern at Google.
Tu Doan
Art Director and Game Designer
Former Head of Design at Lozi.
Jeffrey Zirlin
Growth Lead
Fund Manager at MetaCartel Ventures, BA History at Yale University.

6. Roadmap, updates, and business development

6.1 Original roadmap and achievements

Planned Date

Milestone

Actual Date

Timing

Comments

2018: Q2

Breeding game released

2018: Q2

On Time

2018: Q4

Idle battle game released

2018: Q4

On Time

2019: Q4

Axie Land marketplace released

2019: Q2

Early

2019: Q4

Live battle system released

2019: Q4

On Time

2020: Q2

Mavis Hub released

2020: Q2

On Time

2020: Q3

Ronin Sidechain testnet Launch

2020: Q3

On Time

6.2 Updated roadmap

2020 Q4

  • Start of the migration for Lands and items to Ronin.

2021

  • Start of the migration for Axies to Ronin.

  • Launch of Axie Battle beta.

  • Launch of Land Gameplay Community Alpha.

  • Launch of Staking Dashboard and enable staking rewards, decentralized governance, and Play to Earn for AXS.

  • Release of Axie Infinity on iOS and Android.

2022

  • Release of Lunacia SDK alpha.

6.3 Commercial partnerships and business development progress

  • MakerDAO: MakerDAO is a decentralized stablecoin issurance platform. Axie Infinity partnered with MakerDAO for in-game DAI reward distribution.

  • Samsung: Samsung is a South Korean tech conglomerate. Axie Infinity partnered with Samsung as a key dApp partner for integrating the Samsung Blockchain Platform SDK. The Axie Infinity game is currently available in the Samsung wallet.

  • Kyber Network: Kyber Network is an on-chain liquidity protocol. Axie Infinity integrated with Kyber Network for meta-transaction token swaps during the Land sale in early 2019.

7. Axie infinity's activity and community overview

Axie Infinity will initially focus its community development efforts on the global English-speaking audience, and gradually add support for other languages as the project develops.

7.1 Social activity

Current community growth strategies of Axie Infinity include:
  • Actively engaging with the community via social channels (primarily Discord).

  • Regularly updating the community on development progress.

  • Working 1-on-1 with key community members to encourage them to create content and attract new players to the community.

  • Attracting collectors and institutional investors to purchase and own Axie game assets.

Future community growth strategies of Axie Infinity include:
  • Conducting referral programs to attract new players.

  • Collaborating with famous artists to create new Axies and in-game assets.

  • Partnering with mainstream streamers that are interested in blockchain.

  • Working with well-known brands in crypto and gaming through integrations and strategic initiatives.

Community and social channels (data as of October 26th 2020)

Telegram | 1.0K Members
Discord | 11.8K Members
Facebook (Axie Infinity) | 1.4K Followers
Twitter (Axie Infinity) | 12.7K Followers
Blog | 683 Followers
Substack | 33K Subscribers

7.2 Onchain activity

A comprehensive list of Axie Infinity's onchain ecosystem data can be found here.

8. Appendix

8.1 Advisors