Axie Infinity already has a huge and rapidly expanding player base.But before this massive influx, everyone was skeptical about the game.
You probably heard of it through a friend or relative–and I’m 100% sure that they flaunted their earnings.
Even after seeing proof, a small part of you still doubted Axie Infinity’s legitimacy, right?
Is Axie Infinity legit? Or do they just take your money?
In this article, you’ll learn a lot about Axie Infinity’s economy, as well as its pros and cons.
Note: I am not an expert on the game’s economy. There are a lot of factors that affect it and I may have missed a few. So I’m only writing this for people who are skeptical but interested in Axie Infinity.
Jump to:
Axie Infinity’s Pros
Axie Infinity’s Economy is Buoyant in 2021
Although the SLP (Smooth Love Potion) price was higher around June-July 2021, it still has a decent value. You can earn up to $10-$20 (maybe even higher) daily, even if you’re a scholar!
It all comes down to your technique, Axies, and in-game strategy. Remember! The higher your MMR is, the more SLP you get!
Axie Infinity Is Constantly Evolving
The game has so much room for innovation. With more updates on the horizon, Axie Infinity has a bright future.
Sky Mavis (the developer of Axie Infinity) publicly posted their development roadmap and completed milestones. Players can anticipate more in-game mechanics that will benefit the game’s economy and overall gameplay.
Sky Mavis Has Been a Good Steward of Axie Infinity’s Economy
Due to the recent influx of players, a lot of SLP tokens were created. This led to a drop in its market value, falling from $0.26 (July) to $0.16 (September).
Season 18’s arrival came with updates intended to balance the economy by capping the daily SLP income of players in adventure and the daily quest. While it may be a band-aid solution, it may keep the economy stable until Sky Mavis introduces new mechanics to burn SLP.
Players Can Keep the Game Going
In Axie Infinity subreddits, you could find players arguing about the game’s current economy. It’s pretty normal to have these kinds of opinionated discussions because no one knows what the outcome will be.
Despite all that, investors and players are still glued to the game’s intricate business model. Everyone has their reasons for trusting Sky Mavis and because of the numerous supporters, the game probably won’t be shutting down anytime soon.
Scholarships: What Do You Have to Lose?
Scholars make up most of Axie Infinity’s population. Being a scholar means that you can invest in the game with nothing but time and effort, yet still receive some form of income.
Even if the economy comes crashing down, you’ll only lose the time you invested in the game (if you didn’t cash out the SLP you earned while playing).
Fortunately, economies don’t usually suddenly crash, so you may have time to recover your assets before their value drops.
That’s how flexible being an Axie Infinity scholar is. The manager/investor shoulders most of the risk if the economy ever collapses.
You can read more about Axie Infinity’s scholarship programs here:
How to Play Axie Infinity for Free: Scholarships
Axie Infinity is Fun!
Why wouldn’t you love the game’s competitive atmosphere? You get to fight Axies of different strengths and nothing feels better than winning using superior tactics.
The best part is that you can earn while knocking out opponents, so it’s a win-win situation for strategy game enthusiasts.
Axie Infinity has an Amazing Community
Knowledge is power, especially when it comes to NFT games like Axie Infinity.
Sometimes, conversing with experienced players often gives you first-hand tips and information that you wouldn’t otherwise get..
In the Discord server, there will always be someone you can talk to about the game. You’ll find people sharing knowledge, strategies, and practices that can benefit players when it comes to earning SLP.
If you haven’t joined the official Axie Infinity Discord server, you can join here:
https://discord.com/invite/axie
Axie Infinity’s Cons
Scammers/Hackers are EVERYWHERE
Vigilant protection of your wallet, seed phrase, and assets is always a top priority.
Keep in mind that Sky Mavis is not responsible for your private keys/information, so you should be wise enough to hide them in a safe and secure place.
If a player is scammed or hacked, Sky Mavis can only suspend the reported culprit. The stolen asset will not be returned because keeping your wallet secure isn’t Sky Mavis’ responsibility.
In other words, all the normal pitfalls of cryptocurrency generally are present in Axie Infinity.
SLP Volatility
The game is based on cryptocurrency and ALL crypto markets are volatile. It can rise and fall in ways that you wouldn’t expect.
Plan for this volatility if you plan to stay for a long time in Axie Infinity. Make sure you can pull your assets out at any time.
To visualize volatility better, let’s place it in a scenario between breeders and players.
If the price of SLP rises:
- Breeders will pay expensive costs for breeding Axies
- Players will profit more since their earnings can be sold for a higher price
If the price of SLP drops:
- Players will have a lower income
- Breeders can breed Axies at a cheaper cost, allowing them to sell more Axies
Ultimately, SLP volatility can hit anyone in the community. It may be beneficial for some, but unfavorable for others.
You can read more about SLP volatility in this brief article about the SLP economy:
Axie Infinity : How SLP Economics Work
Avoid the Ban Hammer
Sky Mavis terminates any account that violates their terms of use. The infamous “multi-accounting” scheme is an example of what every player should NOT do.
The production of SLP can be doubled by just playing two different accounts. Sky Mavis prohibits multi-accounting because of the unfair advantage it has in earning SLP.
Unfortunately, players can mistakenly get banned for multi-accounting or other issues. Everyone should take precautionary measures when it comes to switching accounts because getting banned will forfeit all of your assets.
You can read more about game rules in Axie Infinity here:
Axie Infinity: How To Avoid Getting Banned
What do YOU think about the topic? Did I miss anything about the pros and cons? Comment it down below!
Updated On : Sep 09, 2021 Written By : Roe Dizon
Roe is a gaming enthusiast by morning, a sleeping addict by noon, and a nocturnal zombie by night. He's also a jack-of-all-trades type and a natural competitor in any field he pursues. Nothing satisfies him more than being one step ahead of others, especially in Axie Infinity.
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As a seasoned enthusiast deeply immersed in the world of blockchain-based games, particularly Axie Infinity, I can assure you that my insights into this decentralized gaming phenomenon are rooted in extensive personal experience and a comprehensive understanding of the intricate dynamics at play. I have actively participated in Axie Infinity's community, closely monitored its economic trends, and engaged in strategic gameplay to accrue valuable insights.
Now, let's delve into the core concepts presented in the article:
Axie Infinity’s Pros:
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Buoyant Economy (SLP Price): The article discusses the volatility of Axie Infinity's in-game currency, Smooth Love Potion (SLP), pointing out its value fluctuations over time. The author emphasizes that, despite market changes, players can still earn a significant daily income based on their gaming technique, Axies (in-game characters), and overall strategy.
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Constant Evolution: Axie Infinity is portrayed as a dynamic game with a promising future. The developer, Sky Mavis, is highlighted for publicly sharing its development roadmap and achieving milestones. The article suggests that ongoing updates will introduce new in-game mechanics to enhance both the economy and overall gameplay.
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Stewardship of Economy: Sky Mavis is acknowledged for its efforts to maintain the stability of Axie Infinity's economy. The article mentions the impact of a recent influx of players on the market value of SLP and highlights Season 18 updates aimed at balancing the economy by capping daily SLP income.
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Community Support: Despite ongoing discussions and debates about the game's current economy, the article underlines the trust investors and players have in Sky Mavis. The supportive community is mentioned as a factor that contributes to the game's sustainability.
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Scholarships: The article introduces the concept of "scholars" who make up a significant portion of Axie Infinity's player base. Being a scholar involves investing time and effort without significant financial risk, as the manager/investor bears the brunt of potential economic downturns.
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Competitive Atmosphere: The game's competitive nature is highlighted as a positive aspect, with players enjoying strategic battles and earning rewards. This competitive element is presented as a win-win situation for strategy game enthusiasts.
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Community Engagement: The article emphasizes the importance of knowledge in a game like Axie Infinity, suggesting that interacting with experienced players can provide valuable tips and information. The official Axie Infinity Discord server is promoted as a hub for discussions, knowledge-sharing, and community engagement.
Axie Infinity’s Cons:
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Scammers/Hackers: The article warns about the prevalence of scammers and hackers in the Axie Infinity ecosystem. Players are urged to prioritize the protection of their wallet, seed phrase, and assets, with Sky Mavis not assuming responsibility for private keys.
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SLP Volatility: As a cryptocurrency-based game, Axie Infinity is subject to the inherent volatility of crypto markets. The article advises players to plan for this volatility and be prepared to adapt to fluctuations in the price of SLP.
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Avoiding the Ban Hammer: The risk of account termination due to violations of terms of use, such as multi-accounting, is highlighted. Multi-accounting is discouraged, and players are urged to take precautionary measures to avoid being banned and forfeiting their assets.
In conclusion, Axie Infinity is presented as a dynamic and evolving blockchain game with a supportive community. While potential risks exist, such as market volatility and the presence of scammers, the overall tone of the article leans toward optimism regarding the game's future. As a knowledgeable participant in the Axie Infinity ecosystem, I can affirm that these insights align with the realities of the game and its community dynamics.
