At the time of writing AXIE Infinity native token AXS is being traded at the price of almost $67.26. The price has increased by almost 5.15% in the past 24 hours. In the past few weeks, this is the highest value that AXS has achieved. This is due to the news they have related about the change in the economic structure of AXIE INFINITY. The crux is that SLP is going to be a lot less in general.
About AXS and SLP
SLP at the time of writing is being traded at the price of almost $0.01375. The price has almost increased by 22% in the past 24 hours and is continuing the upward trajectory.
The game uses two tokens AXS and SLP for the working of the game. The users can acquire AXS and SLP after completing different tasks and daily quests. The AXS is the governance token of the game while SLP is required to do many different tasks in the game. SLP can be acquired after completing daily quests and battles in the arena.
- An SLP with an adventure mode will be phased away (reduced to 0). This includes rewards for successfully completing the assignment for the first time.
- The daily quest’s SLP will be sunset (reduced to 0).
- The arena’s incentive system will undergo significant change (reduced SLP rewards and AXS leaderboard massively expanded).
- Players with less than 800 MMR will now get 1 SLP for each win. They want to be considerate to players with lower Axies, thus we’re reinstating this (for now).
- They are considering upgrading the energy system to grow more linearly, boosting energy availability and increasing demand for weaker Axies.
“The Axie economy requires drastic and decisive action now or we risk total and permanent economic collapse.”
In short, this new economic model is going to make SLP rare. As a result, AXIES are going to become more valuable as there are going to be less SLP in circulation. This news had really positive effect on the price of SLP and we saw a drastic increase in the price.
From Axie Infinity article on Upcoming Season 20 & Economic Balancing Adjustments
- Adventure and daily mission prizes have been removed;
- The Arena reward system has been altered;
- The Future Origin burn mechanisms have been leaked.
- The energy system is exploring a redesign.
That explains why the AXS price jumped by more than 40% following the introduction of Axie Infinity on February 3rd.
