Bancor

Proposals Discussions Members Information

Proposal

Back to Proposals

closedEnded 5 years ago · Snapshot (Offchain)

Proposal to Whitelist Axie Infinity

By 0x21dB...18AF45

Contract address: 0xF5D669627376EBd411E34b98F19C868c8ABA5ADA

Project Website: axieinfinity.com

Project Documentation: https://whitepaper.axieinfinity.com/

Proposed co-investment limit: 250K BNT

TL;DR

Proposal to whitelist Axie Infinity
co-investment limit of 250,000 BNT.
Full proposal on gov.bancor.network
Our community has suffered major IL on other AMMS with the recent price surge.
Axie is the #1 NFT gaming ecosystem, with 40,000 Discord members, 23,000 Daily active users and could be a major ally to Bancor moving forward.

Axie is a battle pet universe that leverages NFTs and Blockchain technology to empower our players in new and exciting ways.

On the surface the game is about:

Battling fierce (but adorable) pets called Axies and earning cryptocurrency rewards.
Collecting super rare Axies with limited edition skins.
Building a land based kingdom where you can ally with friends and fight for control of resource nodes (this game mode is still in the pipeline).

However, if you look more closely Axie is becoming its own digital nation with a complex economy and emerging tight-knight social structures.

The founding team met each other playing a game called Cryptokitties. We realized right away that NFTs would be huge, and knew that whoever could build out a fun game with an interesting in-game economy would play a major role in defining the future of gaming. Axie is our answer to that mission.

We hope that Bancor can see AXS as an opportunity to engage with an enthusiastic and dedicated new community of LPs. The Axie token is an atypical asset, representing the long tail that Bancor expressed a sincere wish to claim in its early documentation. Axie could be the gateway token to capturing the attention of a growing culture surrounding recreational blockchain utility. As our community becomes integrated within Bancor, we can help to facilitate engagement with adjacent projects, and help to drive further adoption of BNT. Our story is a cautionary one, and you will find no greater advocate for the profound value of Bancor’s IL protection than with us.

Tokenomics

Token Name: AXS

Token Type: ERC-20

Seed Sale Date: November 2020

Seed Sale Allocation: 11%

Private Sale Date: Summer 2020

Private Sale Allocation 4%

AXS Token Distrubtuion:

Token Release Schedule

|624x388

What is AXS?

Axie Infinity Shards (AXS) are the glue that binds all Axie community members together.

AXS holders will be able to claim rewards if they stake their tokens, play the game, and participate in key governance votes. Players will also be able to earn $AXS when they play various games within the Axie Infinity Universe and through user generated content initiatives.

Staking

Players will be able to lock up their tokens to receive newly created AXS. Stakers will also be required to vote and play to claim rewards.

Payment

AXS will be accepted as currency within the Axie NFT marketplace. AXS may also be used to determine eligibility for participation in certain sales/auctions conducted by the Axie team.

Governance

In early 2021, the Community Treasury will go live and begin to receive revenues generated by Axie Infinity as well as a portion of staking rewards. This treasury will be governed by AXS stakers once the network has become sufficiently decentralized.

Staking AXS

AXS staking acts as an incentive for holding AXS and supporting the ecosystem. Stakers receive freshly issued AXS and will be able to signal their support for various proposals to improve Axie Infinity. AXS stakers will eventually direct usage of The Community Treasury.