Axie Infinity tokens AXS and SLP have grown by more than 33% and 230%, respectively, in the last week, following announced changes to the blockchain game’s reward structure and the arrival of Season 20.
Axie Infinity Shards (AXS), the governance token of Axie Infinity and Smooth Love Potion (SLP), the game’s reward token blockchainhave soared 33.7% and 232.2%, respectively, in the past week, according to data from CoinGecko.
The impressive growth of both tokens is related to the changes made by Sky Mavis in the reward system of Axie Infinity, which were announced last week in order to guarantee the balance and economic stability of the digital game. All the changes began to be implemented in Season 20 of Axie Infinity, which began this Wednesday and will give away more than 117,600 AXS tokens in prizes to players, valued at about 7.6 million dollars at the time of this edition.
Sky Mavis, the company that develops Axie Infinity, drastically changed the reward structure of the game to balance its economic system, reducing the issuance of SLP tokens and increasing the rewards given in AXS.
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Axie Infinity, Season 20
Axie Infinity, one of the most popular blockchain games in the Play to Earn mechanics worldwide, brings with it great changes and news for players in its new season, which began last Wednesday, February 9 and will last 4 weeks.
First of all, Axie Infinity has removed SLP rewards from daily quests and adventure mode, to reduce the issuance of this token by 54%. in his last publication blog, Sky Mavis noted that about 130 million SLP tokens, 40% of the tokens issued per day, were generated through the adventure mode, while 14% were generated as part of the rewards to players for beating the challenges. daily quests. Both mechanisms, which were initially created to incentivize participation in the game, have been removed in Season 20 of Axie Infinity.
Another of the changes announced by the company for this new season is the expansion of the Axie Infinity player classification table. Previously, Axie Infinity gave out 3,000 AXS to the top 1,000 players of the season. Now, the blockchain game will award a total of 117,676 AXS to its top 300,000 players. All this in order to encourage participation and increase the value and usefulness of Axie Infinity for its millions of players and users around the world.
Sky Mavis noted that it will continue to implement further improvements and changes to the P2E blockchain game to ensure a healthy and sustainable gaming economy for all. In the future, the company will implement new burning mechanisms for SLP in order to further reduce the supply of this token and balance the economy of Axie Infinity.
AXS and SLP soar in the market
In the last week, the value of AXS and SLP has grown exponentially. The most appreciated token so far is SLP, with an impressive 232.2% growth in the last 7 days. According to the data From CoinGecko, in the last 24 hours SLP has grown 23%. SLP is currently trading above $0.036 per unit.
Source: Axie Infinity
On the other hand, Axie Infinity Shards (AXS) are up 33.7% on a weekly basis at press time, trading above $64.2 currently. With this value, the AXS prizes to be distributed during Season 20 amount to about 7.6 million dollars. First place this season will take home a total of 203 AXS, over $13,000 based on the current value of AXS.
Source: Axie Infinity
The RON token, from the Ronin Network, has also benefited from the changes announced in Axie Infinity. At the time of writing this article, RON has appreciated by 57.3% on a weekly basis. RON was launched on January 27 and is listed on the $3.25 per unit.
In general, the market for cryptocurrencies begins to recover, experiencing an increase of 10% on average since the beginning of the month. The market cap of all cryptocurrencies is above $2 trillion again.
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