AXS (Axie Infinity Shard) is the latest cryptocurrency you can buy, sell, and store on the Coins wallet. Here are some of the main things you need to know about AXS:
AXS is the governance token of Axie Infinity
AXS is the governance token of the Axie Infinity play-to-earn NFT game. A governance token is a type of token that allows its holders to vote on proposals that will determine the future of a protocol. AXS holders can use their tokens to choose which upgrades they want for the Axie ecosystem.
Holders can stake their AXS tokens to earn rewards.
Staking is the process of locking up your cryptocurrency for a set amount of time to help secure the operations of a blockchain network. Those who decide to stake their AXS on the Ronin Network will receive newly created AXS tokens as a reward
The maximum supply for AXS is 270 million.
The maximum supply of AXS will never exceed 270 million. As of December 2021, there are over 61 million AXS currently in circulation.
Disclaimer: The value of cryptocurrencies is highly volatile and may go up and down at any time. Buying, selling, and/or holding cryptocurrencies carry a substantial risk and may not be suitable for everyone. Carefully consider your financial condition and risk appetite before making any cryptocurrency transaction.
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