Coins.ph has announced the addition of Axie Infinity’s AXS and SLP on its platform. The fintech company will allow buying, selling, and storing AXS and SLP on the e-wallet app.
AXS (Axie Infinity Shard) and SLP (Smooth Love Potion) are two of the most sought-after tokens, owing to the growing popularity of Axie Infinity’s play-to-earn model.
Usually, in NFT games, there’s a program called the “scholarship system.” Players can own their in-game assets, which they can rent out to other players (dubbed scholars) who make money by playing the game. The asset owner (called manager) and the scholar earn from the crypto rewarded for participating in the game.
Within the Axie Infinity ecosystem, AXS and SLP each have their separate use cases. AXS is the game’s governance token, allowing holders to vote on proposals that will shape Axie Infinity’s future. Holders can stake or lock up AXS for a specified period to earn additional AXS. AXS can also be gained through participating in other in-game events, such as becoming the season’s top player.
Meanwhile, SLP is Axie Infinity’s in-game currency, gained mainly through winning matches. These include daily tasks, defeating in-game enemies, and participating in arena battles against other players. SLP is also a prerequisite for the birth of new Axies. This is accomplished through “breeding,” with breeders playing a significant role in the Axie ecosystem. They breed fresh Axies to sell them to other players, rent them to scholars, or use them themselves.
Coins.ph customers now have access to 12 cryptocurrencies, up from four at the start of 2021.
Customers only need to update their Coins.ph app to the newest version to begin purchasing, selling, and storing AXS and SLP. Coins.ph app is available on Google Play and the App Store. To buy, trade, and store these new tokens, customers must present an ID and take a selfie.
Axie Infinity’s AXS, SLP now available in Coins.ph
Source: Magandang Gabi Viral
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