Traders who are active on the Binance cryptocurrency exchange can move their AXS and SLP tokens directly to a wallet on the Ronin sidechain starting September 4. This means that Axie Infinity players and investors no longer need to use bridging technology or spend money on gas. popular crypto exchange announced the news this Thursday.
Before integration, users would first have to transfer their AXS and SLP to an Ethereum wallet, paying a fee to Binance. After that, they would have to use the Ethereum-Ronin bridge, which would again cost some fees. However, the new situation allows merchants to transfer their assets directly to the Ronin sidechain. Additionally, players can move assets from their gaming ecosystem seamlessly to the Binance exchange.
While it makes more sense to simply use the Binance and Ronin sidechain, the exchange emphasized that it will continue to support the Ethereum and BSC versions of AXS and SLP. Traders can now move the two tokens to Ethereum, Binance Smart Chain, and Ronin.
Improving the user experience
Integrating Ronin into Binance is no small step and makes the Axie Infinity ecosystem much more accessible. This is the second move Sky Mavis has made in no time to enhance the new player onboarding experience. In May, they already implemented the Ramp Network, a fiduciary access ramp integrated into their portfolio of web browsers3.
Additionally, the Vietnamese gaming studio will also push to allow users to directly purchase Smooth Love Potions (SLP) and AXS tokens through the fiat entry ramp solution. Ultimately, they would even consider allowing the purchase of NFT through the Ramp Network.
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Axie Infinity Roadmap
Axie Infinity will add many more features to your game in the coming months. An improved version of its battle cara is just one of the many additions out there on the net. Land game, also known as Project K, is probably one of the most anticipated features. This will pit the kingdoms against each other in a competitive game.
In an effort to facilitate the beginning of Axie Infinity playing, Sky Mavis will present Enchanted Axies. se are free game characters that are not eligible to play to win mechanics, or perhaps “a very small amount.” idea is that players switch to paid characters to start winning with the game.
Sky Mavis is also working on creating her own decentralized exchange, a Ronin DEX so to speak. In addition, they want all of its functions to work on mobile devices as well. This is a work in progress.
What is Axie Infinity again?
Let’s talk a bit about Axie Infinity. tactical battle game uses its own native Ronin sidechain. In the game, players must use 3 NFT Axies to fight opponents and win Smooth Love Potions (SLP). Players must use SLP to spawn new Axies. Additionally, Axies parents can only raise their children a limited number of times. SLP is in demand, while the minimum price for an Axie NFT at the moment is over $ 200. In short, you need three $ 200 Axies to play and win SLP chips.
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Obtaining SLP tokens has become a source of income for people in developing countries. Among those countries, the Philippines is in the lead. organization and economics behind it are also getting more professional. Third-party organizations like Yield Guild Games are creating tools and communities to turn people into income-generating players playing Axie Infinity. With AXS they also have a governance token for their ecosystem.
Robert Hoogendoorn is a blockchain gamer and enthusiast. He came into contact with crypto in 2014, but the fire really lit in 2017. Professionally he is an expert in content optimization and has worked for news agencies and video production companies, always with a focus on the industry and technology of the video game. He is a content manager and fund creator, and works at Play to Earn. He is also head of content for DappRadar.