In particular, the AXS token is an ERC-20 utility token of the platform for governance, staking, and payments.
In the pokemon inspired digital game, players can fight, collect, breed, and build a kingdom for their pets called “Axies.” Also, the digital game has currently over 7,000 active on-chain users per month. This makes it to be a number one NFT game on Ethereum based on its active monthly and weekly users.
The CEO of Axie Infinity, Trung Thanh Nguyen, said:
“Binance with their strong reputation and devoted community—is the perfect fit for the crucial launch of our governance token. We aim to empower millions of gamers and AXS is the catalyst to enable this mission. Our revolution is just beginning”.
The founder and CEO of Binance, Changpeng CZ Zhao, added:
“We’re excited to bring The Axie Infinity NFT game to Binance Launchpad. We’re confident that Axie Infinity will showcase the advantages of NFT gaming to Binance users and make blockchain-based games more popular”.
Despite being a gaming platform, Axie is taken as a social network and earning platform due to its active community and play to earn opportunities from its early success.
Axie has previously collaborated with high profile companies such as Samsung, Ubisoft, HTC, MakerDAO, Kakao (KlaytN), Kyber Network, Animoca Brands, and Delphi Digital. In 2020, five projects successfully launched on the Binance Launchpad platform have raised over $11 million.
Axie Infinity is the third gaming project supported by Binance Launchpad. It had previously launched token sales for gaming projects such as Wink and The Sandbox.