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The @AxieInfinity token $axs is going to break out BIG TIME in 2021.
Let me tell you why.
Owning $axs means owning a piece of Axie's revenue streams.
This is how it works.
Let me tell you why.
Owning $axs means owning a piece of Axie's revenue streams.
This is how it works.
2/ Say you own a good amount of $axs, you're gonna want to stake it.
By staking your $axs, you get access to three types of revenue:
By staking your $axs, you get access to three types of revenue:
3/ Direct From Staking
- Staking rewards in the form of $axs paid directly from Axie Infinity (6.47% of total $axs supply paid out in 1ST YEAR ALONE)
At the time of writing this, $axs is worth 62 cents. Total supply is 270,000,000 $axs tokens.
- Staking rewards in the form of $axs paid directly from Axie Infinity (6.47% of total $axs supply paid out in 1ST YEAR ALONE)
At the time of writing this, $axs is worth 62 cents. Total supply is 270,000,000 $axs tokens.
4/ 6.47% of 270,000,000 tokens is 17,469,000 tokens that will be rewarded directly to $axs stakers in YEAR 1.
10.8 MILLION DOLLARS will be paid out directly in staking rewards in YEAR ONE ALONE.
And that's not all.
The community treasury also collects money in two other ways
10.8 MILLION DOLLARS will be paid out directly in staking rewards in YEAR ONE ALONE.
And that's not all.
The community treasury also collects money in two other ways
5/
1.) All Marketplace and breeding fees go directly to treasury (Assuming no growth, marketplace and breeding will bring in 5200 ETH in the next year)
2.) Staking issuance schedule contributes $axs to treasury (3.48% of total supply will be distributed to treasury IN YEAR 1).
1.) All Marketplace and breeding fees go directly to treasury (Assuming no growth, marketplace and breeding will bring in 5200 ETH in the next year)
2.) Staking issuance schedule contributes $axs to treasury (3.48% of total supply will be distributed to treasury IN YEAR 1).
6/ With $eth at $1200 dollars, 6.24 MILLION DOLLARS will be sent to the treasury IN THE FIRST YEAR ALONE.
With $axs distributing 3.48% of the supply to the treasury, that's 3.48% of 270,000,000 total tokens coming out to 9.39 MILLION DOLLARS IN THE FIRST YEAR ALONE.
With $axs distributing 3.48% of the supply to the treasury, that's 3.48% of 270,000,000 total tokens coming out to 9.39 MILLION DOLLARS IN THE FIRST YEAR ALONE.
7/ Each week, stakers will receive 5% OF THE TREASURY in the form of cold hard $ETH and $AXS!
The treasury will start small and grow as only 5% is paid out each week. This will incentivize stakers to HOLD AND REMAIN STAKED.
This will further exacerbate a supply side crisis.
The treasury will start small and grow as only 5% is paid out each week. This will incentivize stakers to HOLD AND REMAIN STAKED.
This will further exacerbate a supply side crisis.
8/ Let's recap.
IN YEAR ONE:
Direct staking will pay out 10.8 MILLION DOLLARS at current $axs prices
Assuming no growth in fees, Axie will contribute 6.24 MILLION DOLLARS in ETH to the treasury at current $eth prices
IN YEAR ONE:
Direct staking will pay out 10.8 MILLION DOLLARS at current $axs prices
Assuming no growth in fees, Axie will contribute 6.24 MILLION DOLLARS in ETH to the treasury at current $eth prices
9/ Staking issuance will contribute 9.39 MILLION DOLLARS worth of $axs to the treasury at current $axs prices
Get ready to get some skin in the game to stake.
This thing is built to moon.
Get ready to get some skin in the game to stake.
This thing is built to moon.
