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.
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.
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.
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.
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.