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“Axie Infinity” is currently one of the leading non-fungible token or NFT games around. It has grown so fast after gaining millions of players worldwide.
The main reason why players sign up and play is the fact that “Axie Infinity” is not just a blockchain-based game but it also offers a way for players to earn through its play-to-earn feature. Now it is launching another function that will allow users to stake their AXS tokens, and rewards are coming soon as a follow-up as well.
According to the announcement that was posted on Thursday, Sept. 30, “Axie Infinity,” players will start receiving rewards if they will stake their AXS tokens. It was mentioned that the rewards would be activated within 24 hours after the staking, and this is the time frame for the activation to make sure that all time zones will be covered and be staked on time.
“Today, we’re delighted to announce the launch of our AXS staking program!” Axie said in a statement. “This is an important step towards our long-term goal of genuine co-ownership of Axie Infinity with community members that contribute meaningfully to our rapidly growing movement. Staking allows you to lock up your precious AXS to earn AXS rewards.”
The “Axie Infinity” team said that the launch of its AXS staking program is a way for them to reward their community of players for locking up their tokens for the long term. The rewards are given when they stake on the platform.
“Axie Infinity” is a play-to-earn NFT game based on the Ethereum blockchain, and with the rollout of its staking program, it is hoping that more players will participate. The game offers opportunities on its gaming platform where they collect, breed, raise, compete, and trade NFTs called the Axies with different strengths and attributes.
Moreover, Coin Telegraph reported the team behind the “Axie Infinity” NFT game is also planning to grant voting rights and a say over the utilization of the Community Treasury through staking. This NFT game’s community treasury holds over 18 million AXS tokens that are said to be worth more than $1.4 billion as of this time. Finally, a total of two million tokens will be distributed within the first month of the staking program’s launch.
