Tokenomics

AXS, RON, and SLP are tokens within the Axie Infinity ecosystem with different roles and use cases.

Axie Infinity is a blockchain-based game that has taken the world by storm. It is a game that runs on the Ethereum blockchain and has been able to attract millions of players from around the world. The game focuses on the use of digital assets known as Axies, which are creatures that players can collect, breed, battle, and trade.

To facilitate the use and growth of Axie Infinity, the ecosystem has developed several tokens that serve different purposes. These tokens include the Ronin token (RON), the Axie Infinity Shards token (AXS), and the Small Love Potion token (SLP).

The Ronin token is the native token of the Ronin network, which is a sidechain specifically designed for games. It is a fast, scalable, and cost-effective blockchain that allows for seamless transactions and gameplay. The Ronin token is an essential component of the Ronin ecosystem as it is used to pay for transaction fees, gas, and other network-related costs. Additionally, the Ronin token will be used to incentivize new users to join the network, thereby increasing adoption and usage.

The Axie Infinity Shards token (AXS) is an ERC-20 token used to power the Axie Infinity ecosystem. It is used as a governance token, which means that token holders have a voice in the development of the ecosystem. In the future, the AXS token will also be used as a reward for players who participate in various leagues, tournaments, and competitions in the game.

The Small Love Potion token (SLP) is a consumable resource used in the Axie Infinity game. It is used to breed Axies, which is an essential aspect of the game. The SLP token has an unlimited supply and, as it is consumed, it is burned.

Magnaryuz World will use the SLP token within its gameplay mechanics to provide additional utility for this token. The game will also feature innovative token burn mechanics that will further reduce the supply of SLP tokens. This will increase the consumption of SLP tokens, turning it into a valuable asset for use and reward among players between seasons.

By joining the Ronin network, we will be working with the tokens in the Ronin ecosystem, and SLP will become the utility token, along with AXS and ETH as rewards.

In the event that we are not admitted, we will use the tokens already planned and allocated for the project, which are described in this document and have more functionalities and planned uses for the entire project.