Axie Infinity (AXS) is the governance token for the blockchain-based game, Axie Infinity. Using blockchain technology, Axie Infinity is a battling game and trading platform that is operated, and partially owned by, players. The game is similar to that of Tamagotchi or Pokemon, allowing you to collect token-based creatures known as ‘Axies’ and then breed, raise and battle them.
These Axies are actually NFT tokens and come in many different forms. Each Axie has a combination of animal characteristics, with body parts from species like mammals, reptiles and birds. As a result, every Axie has different attributes and levels of strength that make them rare and highly valuable.
Players can battle their Axies in teams of three. The winning team earns points which improve their Axie’s attributes and upgrades their body parts. These winning Axies can then be bred to create new, unique varieties of Axies which can be sold on the Axie marketplace.
Axie Infinity’s native token, AXS, is used as a governance token. AXS token holders can stake their AXS to vote on future developments within the game. Axie infinity also has two in-game currencies, Smooth Love Potion (SLP) and Axie infinity Shards. These currencies are used to breed Axies and upgrade their abilities.
You can buy Axie Infinity in Australia on the Swyftx crypto exchange.
You can buy Axie Infinity through a cryptocurrency exchange, like Swyftx. Our platform enables you to swap, sell and buy Axie Infinity in Australia with some of the lowest trading fees on the market courtesy of our small spreads. The “spread” is the difference between the buy and sell prices of a tradeable asset. Often, spreads exceed the rates advertised by providers by substantial amounts. This means that when you buy AXS through Swyftx you can rest easy knowing that you’re not being stung with any hidden fees.
To purchase Axie Infinity on Swyftx, simply sign up for an account via the app or website. Once your account has been created it only takes 2 steps to start trading. First, you must verify your identity by supplying a few key details – this process should take you roughly 3 minutes. Then, it’s just a matter of loading up your account. Swyftx allows you to deposit up to $50,000 AUD or BTC through bank transfer, POLi, PayID or credit/debit card. As soon as your funds are cleared, you’ll be able to buy AXS and any other asset you’d like!
Axie Infinity is unique for its utilisation of NFTs. The major focus of the game is to play well so that you can earn tokens to breed Axies, which you can then sell for real money. When you create an Axie through the game, you’re essentially creating a unique and original digital object – an NFT. The process of NFT minting on the blockchain verifies that the NFT has value and is a key element to ensuring legitimacy.
In the past, games that tried to support these kinds of in-game transactions struggled to combat fraud and items being duplicated rather than earned. Axie Infinity has solved these problems by utilising NFTs, subsequently creating a supply-and-demand force within its marketplace that continues to drive up prices for the unique Axie monsters.
The best place to buy Axie Infinity is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
Yes, Swyftx is a safe and secure platform to buy and sell Axie Infinity (AXS). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of AXS is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy Axie Infinity with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy AXS instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
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