Sunday, November 27, 2022

Profiting From Axie Infinity

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Is it possible to earn a living just by playing virtual games? To some Filipinos, it is an uncertain opportunity they are willing to try. During the COVID-19 pandemic when lots of Filipinos lost their sources of income, earning while playing can be a blessing.

This 2020, the COVID-19 pandemic became a chapter that forces into everyone’s life. Businesses and companies closed, some temporarily while others, permanently. For a period in the year, the stock market crashed and many suffered the consequence of being jobless. These are just a few of the undesirable news that also happened within the year.

This phase of our lives has been difficult and necessary for practically everyone to have a consistent source of income. Axie Infinity’s play-to-earn program concept has been highly useful to Filipino players.

Generate Money While Playing

To earn cash while playing Axie Infinity, users should collect SLPs or Small Love Potions which are in-game items. SLPs can gain by completing daily missions, adventure (PvE), and arena (PvP) games (PvP). SLP is now worth roughly $0.029 and can trade on Binance, Uniswap, and other exchange platforms. Rewards from Axie Infinity gives away to players who can manage to climb the arena ranks. Presently, the Aave Team is the one sponsoring the rewards in its 13th season. MakerDAO’s DAI, Digix’s DGX, and the Kyber Network Team’s KNC were previously awarded in previous seasons.

Cashing Out SLPs

After earning enough SLPs, users can cash out their crypto tokens through Coins.ph, which allows users to cash out tokens, pay bills, and transfer tokens to other users. Others can also try BloomX which is a company registered in the Philippines and Singapore. Recently, BloomX even expanded its services for the Axie Infinity community in the Philippines possibly due to demand. They provide various services on blockchain development such as fiat on-ramp and fiat off-ramp, consultation, technical, and advising.

Because of how the blockchain-based game works and how it pays, it has attracted many Filipinos hoping to make more than the minimum wage. For some Filipinos, it is their method of surviving despite the pandemic’s obstacles.

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Jacob Yang
Jacob Yanghttps://www.cryptoconstellation.com/
Jacob Yang works at Cryptoconstellation as a writer. He has been working in finance for the past 6 years. Jacob loves sharing news about the cryptocurrency world and he, himself has invested in a few. Jacob enjoys travelling and finding the best restaurants wherever he goes.
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