Today we have two very special coins available for you to buy, sell and trade on our ZebPay platform. Axie Infinity is one of the most popular NFT games built on the Ethereum network. CHZ is the exclusive cryptocurrency of Chiliz and Socios. Chiliz is the world’s leading blockchain fintech provider for sports & entertainment.
Axie Infinity (AXS)
Firstly, let’s say hello to AXS, the Axie Infinity token! Axie Infinity is one of the most popular NFT games built on the Ethereum network. Remember how Pokemon Go was the talk of the town in 2016? Well now the hottest game is Axie Infinity.
It is actually a Pokemon-inspired pet universe where players earn tokens by battling small fantastical creatures called Axies. Each Axie is unique and they can also be bred with their offspring receiving their strengths and weaknesses. You live in your own virtual world, collect Axies and battle them out!
On winning battles, you receive in-game currency called small love potions or SLPs, that can be exchanged for fiat cash. The $SLP token is a native ERC-20 token. While Axies themselves are NFTs, that can be bought and sold on NFT exchanges externally. There are 1 million + active users playing the game everyday.
The demand for AXS is thriving as we witness a 2100% price rise since the beginning of July. Its community is growing and developer Sky Mavis is doing everything to incentivize it.
In the beginning of October, it airdropped 800,000 Axis Infinity Shard (AXS) tokens to its early adopters. It enabled staking capabilities that essentially allows users to lock in their tokens in order to earn new ones. This hikes up the price of the token. Furthermore, AXS holders even receive rewards for playing, voting, staking and even earn dividends from the community treasure worth $2.3 billion!
The coin is currently trading at $124.05 or ₹84,386.42 with a 7 day upside of 1.3% at the time of writing. It is currently #25 of the top cryptocurrencies in order of market cap, as its market cap stands at $7.7 billion.
Next up, we have CHZ, the exclusive cryptocurrency of Chiliz. Chiliz is the world’s leading blockchain fintech provider for sports & entertainment. It runs the Socios platform.
To understand what Chiliz does, first we have to know what Socios does.
Socios sells fan tokens to sports fans that gives them an opportunity to influence their teams decisions. The website and app gives users a marketplace to purchase NFTs, trade with other users, earn them in contests and even exchange them for special merch and benefits. Sports and Esports NFTs are available in store. NFT owners enjoy more than just their ownership. It gives them a voting right in team decisions and builds an interactive relationship with the teams.
Socios already has 45 partners in football, cricket, motor racing, NBA basketball and mixed martial arts who have shared in $150m of revenue this year. It has over 1.2 million + downloads on its app.
Coming back to Chiliz or CHZ, it is the official cryptocurrency of the Socios platform and its parent company. CHZ fan tokens are assets that grant voting rights. The more votes a fan casts, the higher its ranking will be within the platform, being able to get greater benefits as a follower.
The coin is currently trading at $0.305996 or ₹23 at the time of writing. It is currently #86 of the top cryptocurrencies in order of market cap, as its market cap stands at $1 billion. It has a circulating supply of 5.3 Billion CHZ coins and a total supply of 8.89 Billion.