#Axie infinity scholarship for free#
#Axie infinity scholarship how to#

Once you have started a breeding pool, you would have to dish out initial capital for 9 Axies (in my case for a Plant, Aqua, Reptile team) since each type requires at least 3 Axies to start an infinite loop.Įach time you breed, you also need to pay breeding fees in the form of 4 AXS tokens and a variable amount of SLP. I won’t be going into the details of the breeding process, but you can check out the video here for more walkthrough. When you launch a scholarship programme, you are dishing out initial capital to purchase a pool of 0/7 breed Axies to breed and start an infinite loop, or what we call the ABC or ABCD breeding method. It is the same concept as renting your property (which you paid for) out and getting rental payments every month as passive income.Īxies essentially are yield generating NFTs which are powered by human capital, as human time and effort is traded in exchange for monetary incentives in the form of SLP payouts.

#Axie infinity scholarship for free#

Because scholars simply gets to play the game for free with no start-up cost incurred, scholarship managers like me and my girlfriend can earn a cut of their SLP since we provided the Axies for them. With this digital real estate, we then rent it out to scholars, who are essentially like tenants. Yes I know, difficult to wrap your head around it but you will get used to it eventually. In a sense, it is as “real” an asset to own just like property, just that NFTs are digital properties that exist on the internet. How so? One of my favourite Axies, destroy Terminator Reptiles/Birds/Backline Aquas in 1 turn, now used by my scholar!Īxies are NFTs or non-fungible tokens, which are unique and cannot be replaced. To put it into perspective, launching an Axie scholarship is akin to buying investment properties.

Axie Scholarships are like property investments In Axie Infinity’s scholarship case, it does not work like that. In a pyramid scheme or Ponzi scheme, previous investors would gain money from more people joining in and siphon their capital, a constant need for new investors/users are required to keep the scheme working. If you are reading this, I will assume you already know the basics to how the game works, the tokenomics of AXS and SLP, and how scholarships work, all of which are covered in my previous article.Īre scholarships a Ponzi or pyramid scheme? Well, no. If you want to understand this in greater detail, you can check out my post here before moving on to read the rest of my post. They are crypto tokens based off the Ethereum blockchain and can be converted into other crypto tokens as well. This SLP is different from normal games in that, the SLPs earned are ERC-20 tokens that can be converted into real money like USD/SGD/PHP. You can earn in game tokens called Smooth Love Potion (SLP) when you win in the game in either Adventure mode (PvE) or Arena Mode (PvP). In essence, Axie Infinity is a play-to-earn game which exploded in popularity after a video documentary about the game in the Philippines blew up on Youtube. What the heck is this funny sounding thing?

If you are new, or have yet to read my more recent posts, then you must be new to Axie Infinity as well.

That is important to what Axie is, but the ecosystem is way more complicated than how simplistic it all sounds.īehind the game itself, it is powered by the Ethereum blockchain, meaning it is open-source, and any player from any part of the world will be able to participate.Īs long as you have a wallet that can hold ETH and buy/sell Axies or crypto tokens, you can access the game wherever you are. The game’s idea and inspiration was taken from Pokemon and you can battle, collect, raise, and breed Axies.

#Axie infinity scholarship how to#

Today, we will be talking about one of my most sought after and requested review and that is: How to start an Axie Infinity Scholarship programme, how to breed and just more guides on getting into Axie Infinity. Hello readers! How has your week been? I hope everyone is doing well amid this Covid situation.