800,000 Axies (AXS) distributed, but only early Axie Infinity users could benefit from this significant airdrop. All token holders, however, will be able to generate passive income through the new AXS staking offer, with an annual interest earning of over 200%.
Axies Airdrop: 800,000 AXS to reward early players
On September 30, 2021, Axie Infinity announced in a tweet the distribution of 800,000 AXS to its “early adopters.” About 10,000 wallets belonging to players who joined the community before October 26, 2020, would have benefited from this airdrop. This date is all the more interesting as the AXS was launched in November 2020, in order to improve the decentralization of the project by allowing the token holders to vote on proposals related to the development of the game and the community.
The most active members received a significant amount of AXS. This is especially the case for the twitto Arctic who got AXS worth almost $500,000.
This airdrop would explain in part the recent explosion of the price of the token. It was between $47 and $48 on September 21, 2021, and then jumped 145% to a record price of $155 on October 4, 2021.
Axies staking for players and fundraising for Sky Marvis
This sharp rise in Axie’s price is also said to be due to another piece of good news for holders of the token. Also on September 30, 2021, Axie Infinity announced the launch of staking for the AXS, with a 240% annual interest rate at stake.
The project keeps growing via promotional actions like this airdrop, or by launching new services like staking. But the growth of Axie Infinity should also be boosted by the recent fundraising announced on October 5, 2021, by Sky Marvis, the game developer. The latter said it had closed a $152 million Series B funding round.
These funds will be used, according to Sky Marvis, to “create economic and financial freedom for players”. The arrival of new investors would allow the projects to increase its legitimacy and grow without resorting to its reserves of AXS tokens :
“While we’ve grown at an astonishing rate, adding institutional investors to our community will allow us to expand our reach, strengthen our legitimacy for regulatory protection, and give us the flexibility to grow and hire aggressively without touching our AXS token reserves.”
This good news should increase the size and engagement of the AXS community, reinforcing Axie Infinity’s dominant position in the play-to-earn world.