The stakers who are not players or interested in participating in governance could be able to delegate their required “work” to other parties. There is still much research and experimentation to be done in this aspect of governance.
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In the future, they may upgrade their staking system to give better rewards to those that have measurably added value to the Axie ecosystem prior to claiming. In the future, staking AXS will give you voting rights and a say over the use of the Community Treasury which now holds over a billion dollars in tokens. Staking is a way for us to reward our community members for having a long-term mindset and locking up their AXS tokens.īy staking your AXS you’ll be able to earn AXS rewards when you lock up your tokens through the staking dashboard. You can simply import the address into your Ronin wallet and you will find your gift. If there is no attached address, they will send it to your Ethereum address on Ronin. They will send your gift to the Ronin address attached to your old Axie Ethereum address. That said, in reflecting back to that time, they couldn’t have imagined that they would be able to reward their founding community members in such a meaningful way.
They did not do this but this also meant that they had the flexibility to adjust the math to reward true believers more as they gave the gift greater thought over time.
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In retrospect and in full transparency it would have been best to lock in a certain amount and communicate it to the community at the time. They did some initial modeling and projections of hypothetical drops at that time and decided to revisit the math when they had more time to digest. The snapshot gave us the data necessary to come back to the gift at a later date. When they took the snapshot they were quite busy and gearing up for the launch of the AXS token. The snapshot took into account Axies and land owned, marketplace activity, and battles won through their application. The snapshot was taken at this Ethereum block. This is over 50,000,000 USD worth of tokens and represents their commitment to making sure that Axie becomes a community-owned game. Today, they will distribute 800,000 AXS to these missionaries that helped form the bedrock of their digital nation. Last year, we announced that at some point in the future, they would recognize approximately 10,000 of their founding community members with a gift of AXS tokens.
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While they have many strong opinions about how to do this effectively, they’ll be watching this unfold for inspiration as they think about how to orchestrate a revolution using the token and community design. They believe that the next round of building in crypto will be centered around social coordination and governance tooling. The governance of decentralized communities is still in a very early stage and they will be taking note of promising experiments that use tokens to empower the users and builders of the future. Over time, along with their community, they will upgrade it in line with their principles of co-ownership and co-creation.
This is a minimum viable staking dashboard. There are currently around 58 M AXS tokens circulating, with the rest of the supply to be released over time through staking, gameplay rewards, and ecosystem reward structures.Īs thousands of new players are now joining our community each week, it becomes important to begin releasing these tokens over time so that everyone in the community has opportunities to hold a piece of the Axie universe. They will not touch the total supply but will smoothen and perhaps lengthen the emission schedule.Īs a refresher, the max supply of AXS tokens is set at 270 M. They are currently working on updating their staking math with Delphi Digital based on new data and findings from across the industry. This is 64,516 AXS per day and 2.24 AXS per block (there are ~28,800 blocks in a day). During the first month of staking, they will distribute 2,000,000 AXS.
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