In a groundbreaking move, Axie Infinity, the renowned blockchain game, has just unleashed major updates that are set to reshape the in-game economy and provide gamers with thrilling opportunities. From a revamped Smooth Love Potion (SLP) tokenomics system to the epic migration of Axie Origin Coin (AOC) to the Ronin blockchain, here’s an in-depth look at the changes and why they matter.
Axie Infinity’s SLP Tokenomics Revamp
SLP Gets a Supply Cap
Say goodbye to endless inflation! Axie Infinity has capped the total supply of Smooth Love Potion (SLP) at 44 billion. This decision, rooted in the game’s lore of a sudden winter frost destroying a key ingredient for brewing SLP, aims to control the token’s supply and prevent inflation. Currently standing at around 41.4 billion, this cap sets the stage for a more stable in-game economy.
Buyback & Stability Fund
Axie Infinity introduces a strategic move to preserve SLP’s value. For every 10 SLPs burned in the game, 2 new SLPs will be minted and added to a dedicated Buyback & Stability Fund. This fund, starting with 60,000 USDC, ensures stability by purchasing SLP when its value drops and selling it when it rises too much.
A 2% Deflation Target
Ditching the conventional inflation approach, Axie Infinity sets a 2% deflation target for SLP. The goal is for the token’s value to gradually increase over time, creating consistent demand and balancing its availability within the game.
SLP in Axie Infinity
Understanding the lifeblood of Axie Infinity is crucial. SLP is not just a token; it’s vital for breeding Axies, the game’s NFT characters. The supply and value of SLP directly influence the game’s economy, speeding up Axie egg hatching and playing a pivotal role in population growth.
Implementing the New Policy
Sky Mavis, the brains behind Axie Infinity, plans to keep a close eye on the inflation rate of SLP. Monthly evaluations will lead to actions – buying SLP if the inflation is high, and selling some if it’s lower than expected. The team promises flexibility based on market dynamics and player feedback.
In a nutshell, these updates aim to bring stability to SLP’s value and foster a sustainable in-game economy. The commitment to data-driven adjustments and community input underscores Axie Infinity’s dedication to a balanced gaming experience.
Axie Origin Coin ($AOC) Takes the Leap to Ronin Blockchain
The Significance of AOC Tokens
Hold your breath as Axie Origin Coin (AOC) undergoes a monumental transition from Ethereum to the Ronin blockchain. Serving as the genesis point for Origin axies, AOC tokens have been largely dormant on Ethereum. However, this migration opens the door for these tokens to fulfill their purpose, breathing life into Origin axies at a conversion rate of 5 AOC tokens for one Origin axie.
Thrill of Mystic Parts
Beyond the technicalities, the migration brings an element of thrill. Newly created Origin axies have a 1/18 chance for each body part to become a coveted Mystic part. This turns the migration into a captivating gamble for gamers and collectors alike.
Ancestral and Migrated Axies
Post-migration, two distinct categories of Origin axies emerge – the ancestral, low-ID ones, and the freshly migrated, high-ID counterparts. This introduces a new layer of rarity and fascination, offering collectors a unique experience within the Axie Infinity universe.
Snapshot and Migration Process
As January 22nd approaches, the Axie Infinity community anticipates a streamlined migration process. A snapshot of the AOC contract on Ethereum will capture the existing token distribution, seamlessly transferring AOC tokens to their corresponding Ronin addresses. The pause of the AOC contract on Ethereum after the snapshot emphasizes the significance of this migration.
In conclusion, Axie Infinity’s dual updates promise not only technical progress but also an exhilarating new chapter for collectors and gamers alike. As the community gears up for these transformations, the excitement is palpable, marking a pivotal moment in the realm of digital assets and blockchain gaming.
FAQs:
Q1: Why did Axie Infinity cap the total supply of SLP? A1: The cap at 44 billion aims to control SLP’s supply, preventing inflation and ensuring a more stable in-game economy.
Q2: How does the Buyback & Stability Fund work? A2: For every 10 SLPs burned in the game, 2 new SLPs are minted and added to a fund, starting with 60,000 USDC, to maintain SLP’s value.
Q3: What is the significance of AOC tokens in Axie Infinity? A3: AOC tokens serve as the genesis for Origin axies. The migration from Ethereum to Ronin unlocks their purpose, converting 5 AOC tokens into one Origin axie.
Q4: What’s the chance of getting Mystic parts in the migration? A4: Each body part of the newly migrated Origin axies holds a 1/18 chance of becoming a Mystic part, adding an exciting gamble to the migration.
Q5: How does the migration process work? A5: A snapshot of the AOC contract on Ethereum captures existing token distribution, seamlessly transferring AOC tokens to their corresponding Ronin addresses.
Axie Infinity’s recent updates, redefining SLP tokenomics and migrating AOC to the Ronin blockchain, mark a significant leap forward for the gaming community. These changes not only promise a more stable and sustainable in-game economy but also introduce thrilling opportunities for collectors. As January 22nd approaches, gamers are gearing up for a new era in digital assets and blockchain gaming. Stay tuned for an exciting journey within the Axie Infinity universe!