- Tram Ho
Three ways to make money
Axie Infinity is a popular name in Southeast Asia when leading the trend of playing games to earn (play to earn). This is a blockchain game where players have to buy pets (called Axies) with Ethereum (ETH) to start their journey.
After that, gamers will control pets to fight with other players (PvP) or with machines (PvE) to receive different rewards and upgrade the power of pets. The main currency for in-game operations is Axie Infinity Shards (AXS).
To raise a pet, the player must use a special pet potion called Love Potion. From the beginning of July, Axie Infinity offers a separate cryptocurrency to redeem the drug called Smooth Love Potion (SLP).
Gamers who want to start playing Axie Infinity have to spend real money to buy virtual pets.
Thus, players can earn money in two main ways in Axie Infinity: earning AXS and SLP and then selling these coins on the virtual currency exchange or raising pets to sell for ETH. At the time of writing, the AXS coin is worth $37.58, the SLP coin is $0.24 and ETH is $2,183.
There is also another special way to earn money by playing for the family or plowing for people with no money. This means that those who already have and have an excess of Axie pets can assign others to play and plow SLP according to a certain ratio. This is an in-game feature for managers or guilds who want to optimize earnings.
Thousands of dollars in income during the pandemic
From the above two ways of making money, the price movement of ETH, AXS and SLP will have a strong influence on the player’s income. But thanks to the recent price increase, Axie Infinity has helped many people earn thousands of dollars during the pandemic.
According to data from Coinecko, the majority of Axie Infinity players are from the Asia region. With two hours spent every day, players can earn from 150 – 200 SLP, equivalent to 4,500 – 6,000 SLP per month.
Data shows that Axie Infinity players can earn $1,665/month by selling SLP alone.
Based on the value of SLP, the amount that players earn each month can be up to 1,665 USD (nearly 40 million VND). Under the price scenarios when SLP goes low or high, players can still earn $333 when SLP goes down to 0.06 USD and up to 2,776 USD when SLP goes up to 0.5 USD.
However, a big barrier for players is the purchase of Axies to start their journey, equivalent to about $ 990 at the present time. Gamers need to have three Axies to form PvP and PvE teams as mentioned above and start plowing SLP or breeding to produce offspring Axies and sell them for money.
Of course, the price of the Axies will also change based on the price of the ETH coin. That is, the higher the ETH, the more expensive the Axie pet. However, with the current SLP price, players are likely to reach breakeven after only one month.
Finally, to recover capital, players only need to sell their pet Axie on the Axie Infinity market to get back ETH and sell ETH on the cryptocurrency exchange. However, it should be noted that pets will be more difficult to sell when the number of players decreases and vice versa.
Source : Genk