Can I really make money with Axie Infinity?

Axie Infinity is built on the Ethereum blockchain, where all game assets are tokenized and player-owned. This means that Axie Infinity's assets have real-world value, giving you the opportunity to earn tangible rewards from playing the game .

Can you lose money on Axie Infinity?

Over 94% of investors might lose money if the price of Axie Infinity drops to new lows by 2023 . The current trading price of #Axie Infinity is at $4.47, following an unsuccessful attempt to surpass the 50-day Exponential Moving Average (EMA), indicating a possible forthcoming decrease in value.

How much SLP can I earn per day?

You don't need energy to play PvE, but the number of SLP tokens you can earn each day in PvE is limited to 50 SLP . Daily quests are another way to earn SLP through playing.

How much can you earn from Axie Infinity per day?

There's a cap to how many SLPs you can earn without a winning team in the Arena, specifically 25 from the Daily Mission + 50 from the PvE mode, for a total of 75 SLP per day . However, 75 SLPs won't get you very far. If you want to earn serious money playing Axie Infinity, you have to master the Arena.

Is Axie Infinity a bad investment?

Is Axie Infinity (AXS) a good investment? Yes, AXS is a profitable investment if considered for the long term .

What type of SLP gets paid the most?

Salaries for speech pathologists can vary significantly based on the state, city, and even the specific industry in which you work. For example, the highest-earning SLPs are those who work in nursing care facilities .

Where can an SLP make the most money?

Best-Paying States for Speech-Language Pathologists The states and districts that pay Speech-Language Pathologists the highest mean salary are Hawaii ($110,470), California ($108,960), District of Columbia ($105,360), New York ($104,240), and New Jersey ($102,200).

How much can you make playing AXIE?

How Players Generate Income. To play, gamers need to purchase three Axies, which can cost around $350 each (as the game's popularity has increased, the cost of Axies has risen). Players can earn about $10-50 worth of digital assets per day by playing the game. Players can also earn by selling SLPs or Axies.

How to earn axs in Axie Infinity?

Players can earn AXS by playing Axie Infinity games or they can stake AXS to earn more AXS tokens . AXS is also accepted for making purchases in the Axie Infinity NFT marketplace. Axie Infinity Shards (AXS) tokens are available for purchase at Kriptomat. The second currency is known as Smooth Love Potion (SLP).

How much does Axie Infinity make a month?

“On average, [Axie Infinity players] are making $400 a month , which … is under the taxation threshold of $5,000 per year here in the Philippines,” he said. While players still need to file to prove that, he estimated that the majority of players in the country would owe the government nothing.

What are the advantages of investing in Axie Infinity?

One of the biggest benefits Axie Infinity users gain is profits. Notably, 95% of its revenue goes back to the players . Specifically, Axie takes a 4.25% fee for buying and selling Axie NFTs. Users also pay a small fee when they breed their Axies.

Where does money come from Axie?

The Axies are a blockchain-based revenue-generating asset that players can breed and sell. The developers receive a cut of this revenue each time an Axie changes hands. Additionally, the developers get a fee when a player spawns another Axie. The game has generated over $1 billion in transactions.

How To Make (Or Lose) Money With Axie Infinity (AXS)

Can you make money with Axie Infinity (AXS)? How can you lose money with Axie Infinity? More importantly, how can you protect your AXS investment and retain as much as you make with Axie Infinity?

Well, making money with Axie Infinity is relatively easy, and there are multiple ways through which you can earn with AXS. But losing money with Axie Infinity is equally easy, and the internet is awash with stories of traders and investors who have lost significant sums of money investing in AXS. To make money with Axie Infinity, you will need to maximize the income-generating activities and seal potential loopholes that may lose you cash.

In this post, we will be helping you understand the different ways through which you can make money with Axie Infinity. We will also tell you just how much you can make when interacting with either income-generating investment strategy.

Even more importantly, we will tell you the different ways through which others have lost money with Axie infinity and how that can be avoided.

Read on.

Ways To Make Money With Axie Infinity (AXS)

Unlike most other cryptocurrencies that you can only trade, invest, or stake, Axie Infinity presents you with more than 5 income-generating activities. Let us go over all of these in detail below and try to understand just how much you stand to make from either.

Buying and holding

The most common and most beginner-friendly way of making money with Axie Infinity has to be buying and holding. Also known as HODLing, it involves buying AXS tokens and holding on to them for a long time as you wait for their value to appreciate.

Can you make money HOLDling Axie Infinity tokens? Most definitely. In fact, a 22-year-old gamer in the Philippines made a fortune investing in Axie Infinity in early 2021, and it was big enough to enable him to buy two houses.

You, too, could be worth more than $500,000 today if you had invested in Axie Infinity when it launched in November 2020. At the time, it was selling for $0.1. Moving forward, the majority of investors and analysts are confident that you can still make money investing in Axie Infinity.

By 2025, for instance, technical analysts are confident that the Axie Infinity token will have grown its value by more than 8000% and will have broken above $4,000. This says that if you buy AXS worth $1000 today and hold to 2025, you will have grown this investment to $80,000.

Trading

Trading is also referred to as short term investing. It involves buying AXS tokens and holing them for the shortest period before closing that trade - often after it turns profitable or immediately it starts posting a loss. Unlike investing, trading is a reserve of experienced investors with access to significant trading capital and trading resources.

But how do you make money trading Axie Infinity? Well, you could choose to day trade, swing trade or follow trends. To understand how much you can make trading Axie Infinity, we will start by assuming that your trading experience allows you to make consistent gains that average 5% each week. This then implies that you will have grown your initial investment by more than 250% by the end of the year.

Staking

Like all other proof of stake blockchain networks, Axie Infinity lets you stake tokens in return for rewards. By staking, you are locking your AXS tokens and committing to verifying transactions on the Ronin sidechain, and for this, the AXS platform will automatically award you even more AXS tokens.

How much can you make staking Axie Infinity tokens? At the moment, you will earn an estimated 90% APR for staking Axie Infinity tokens - which is one of the highest staking rewards available today. Some of the things that you need to know about staking Axie Infinity today include the fact that it is currently only available via the Ronin wallet, rewards are paid daily, and there is no specific lock-up period.

Playing games

Axie Infinity is at its core - though it is slowly transitioning into a blockchain-based social network - an online game. However, unlike such conventional games as Pokemon, Fortnite, or Minecraft, it is a play-to-earn game - implying that you will earn SLP (smooth love potion) tokens every time you play and complete tasks here. These SLPs can then be converted to USD or AXS.

How much can you earn playing Axie Infinity games? It is hard to place a specific figure on how much one can make while playing Axie Infinity. There are multiple factors influencing how much you earn playing Axie Infinity, including the quality of your team, the gaming platform (arena or adventure), the amount of time you play, and your efficiency. Randy from the Nosebleed Gaming YouTube Channel, however, noted that he was recoup his $900 investment within six weeks of playing.

Breeding and Selling Axies

Note that each Axie is unique. It, therefore, is considered to be an NFT and a transferable crypto asset. These Axies can also be bred to produce offsprings, and both the parent and offspring can be sold on Axie Infinity’s proprietary NFT marketplace.

How much can you make breeding and selling Axies on the marketplace? Well, how much you make breeding and selling Axies on the Axie NFT marketplace is dependent on the quality of your Axies and their offspring.

To give you context on the value of different Axies, the minimum price for Axies today stands at around $20. On the other hand, the most valuable Axie yet, sold for 339 ETH (approximately $880,000) in July 2021.

Don't Miss: Axie Infinity Price Predictions

Ways To Lose Money With Axie Infinity (AXS)

We have said that it is equally easy to lose money with Axie infinity. In this section, we will highlight three ways through which you can lose you money when investing in ETH and tell you how each can be avoided.

Reckless trading

You will definitely lose your Axie Infinity investment if you trade recklessly. In this case, reckless trading refers to trading Axie Infinity without a profitable investment strategy, without adequate trading skills/experience, without access to relevant and advanced trading tools, trading with leverage, and without managing the trading risk.

How do you avoid losing Axie Infinity investment when trading? Start by gaining relevant experience and perfecting a trading strategy on a demo trading account. Secondly, seek out as many advanced trading and market research/analysis tools as possible, and lastly, make use of all the risk management tools provided by the trading platform.

Hacking and crypto scams

Hacking is the most devastating vice to crypto investing. In 2021, Chainalysis reports that more than $14 Billion of crypto investor funds was lost to hackers and scammers. In 2020, Crypto Head had announced that the rate of crypto-focused cybercrime was rising at an average rate of 3016% annually since 2016.

This goes to show just what a threat hacking poses to your Axie Infinity investment. In most cases, they will target your personal wallet as they did with Coinbase wallet apps in early 2021 crypto exchange vaults as they did with BitMart and Liquid exchanges.

How do you avoid losing Axie Infinity investment to hackers and scammers? There is little you can do to prevent crypto exchange hacks. But you can prevent by personal wallet hacks by investing in a reliable hardware wallet. You also need to use a strong, unique, and memorable password for the wallet and exchange account.

Check Out: Is Axie Infinity (AXS) Safe?

The Bottom Line: How To Make Or Lose Money With Axie Infinity (AXS)

There are five primary ways through which you can make money with Axie Infinity. These include the beginner-friendly HODLing, trading AXS tokens, staking AXS via the Ronin wallet, playing Axie Infinity game both in arena and adventure modes, as well as breeding and selling Axies on Axie Infinity’s proprietary NFT marketplace.

You can also lose money through reckless trading, hacking and crypto scams. But in recognizing these AXS investment sinkholes, we have provided you with actionable measures that you can take to avoid losing your invested capital.

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How To Make (Or Lose) Money With Axie Infinity (AXS) | Trading Education (2024)