The price of the Axie Infinity token ( AXS ) has risen nearly 40% in three days, hitting $65, the best level in more than two weeks, as Axie Infinity has revealed a revamped reward structure for the competition between Player and Player (PVP)
in which the details The number of leaderboard slots has been expanded to 300,000 and the number of AXS rewards has been increased to 117,676 from 3,000 next season.
Season 20 is close and when it’s released, a variety of important economic balancing changes will be implemented.
Full details
https://t.co/jVtPHwbp5l
— Axie Infinity
(@AxieInfinity) February 3, 2022
“This will increase Axie’s competitiveness and create greater demand for quality Axie teams in the ecosystem,” Axie Infinity explains, adding that their move will generate a total prize pool of $6 million for the season. 20th p.
AXS serves as a governance token for the Axie Infinity protocol. It also serves as the money to buy in-game NFT tokens like digital pets called “Axies” from the Axie marketplace. Finally, players use AXS. to breed new Axies
But Axie Infinity also has tokens like Smooth Love Potions ( SLP ) that will be awarded to players for completing daily missions and clearing levels in Adventure mode. Players will also receive SLP rewards for area battles in Axie Infinity. This change in the reward structure is expected to Reduce the daily supply of SLP tokens by 56%.
Earlier, with higher SLP inflation, the token price dropped from a summer 2021 high of $0.40 to $0.08 on February 3. The team stated that “Axie needed to Extreme and decisive action now. Otherwise, we risk a total economic collapse.”
Simply put, the Season 20 update will make SLPs harder to find, which could make Axies more valuable, so in a “perfect” scenario, Axie Infinity could get the attention of both gamers and players alike. crypto supporter In theory, the demand for AXS tokens will increase.
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