Axie Infinity’s player population has been rapidly expanding, particularly in recent months. With such rapid growth and the potential for large sums of money, many individuals are becoming interested in the game. However, like with any fantastic opportunity, there is a lot of skepticism. Some individuals believe that this game is a rip-off. Some have even referred to it as a ponzi scheme or a pyramid scheme.
Before I continue, let me clarify that I am not a financial advisor. Everything is based on my personal opinion. It is up to you to decide whether or not Axie Infinity is worth your time and money. I will make every effort to present all of my ideas in the most objective way possible.
Is Axie Infinity a Scam? Axie Infinity Review Summary
Understanding how the game works and which website should be utilized to examine Axie Infinity before playing is the best way to start.
With apps like Pokemon Go and Pokémon Duel taking the world by storm, the future of augmented reality gaming looks bright. However, as with any new technology, there is a great deal of uncertainty in the market for investors.
Even if you’ve never heard of Axie Infinity, you’ve probably seen its target audience: both children and adults.
Is this game, however, just another method to waste the time or a potential competitor in the field of virtual reality gaming?
Product Name: Axie Infinity
Founder: Trung Nguyen
Price: Ranges from $800-$1,300 depending on what class of Axie you want to acquire
Best For: Teenagers & Adults from 18 years old and above
Recommended: Not Recommended for people who have financial issues or are financially unstable
What is Axie Infinity About: Axie Infinity is a digital pet universe where people can battle, grow, and trade Axies, which are fantastical creatures.
Summary: Axie Infinity is a virtual game where players could breed, teach and train Axies to prepare them for battle against other players. An Ethereum-based game and you may exchange your Axies for ETH, USD, and other cryptocurrencies.
What is Axie Infinity About?
Axie Infinity is an NFT-based online video game created by Sky Mavis, a Vietnamese studio, that uses the Ethereum-based cryptocurrency AXS and SLP. With over $42 million in sales in June 2021, it is currently the most expensive NFTs (non-fungible tokens) collection.
Source: (Source: https://en.wikipedia.org/wiki/Axie_Infinity)
Axie Infinity is a game in which you gather and combat cute monsters known as Axies. To collect these pixelated but adorable creatures, you’ll have to teach them, feed them, and fight them in battles for glory. The game’s interface is simple and straightforward, allowing players to quickly browse through the different menus.
The concept of Axie Infinity is similar to that of the Pokemon games in which you gather animals, but Axie Infinity appears to vary in a way that you may actually utilize the creatures in battle.
How Does Axie Infinity Work?
Axie Infinity is a game of strategy and growth mixed with pet collecting and battles. You collect Axies, train them, and battle other players to show your dominance.
The strategy of this game is in the development, breeding, and training of Axie Infinity . Higher ranked armies have a greater ability to gather resources because they can access higher grade farms.
It has received a lot of attention. The game combines a familiar battle-style with strategic and unpredictable real-life changes. Axies, an all-powerful race of monsters, are at the center of the game.
Players can improve their class level by collecting resources and fighting other Axies, which impacts the amount of resources they earn from each harvest. These resources can be used to improve the stats or special abilities of Axies. Each class has a set of unique abilities that can be used to help them overcome their opponents.
What exactly are Axies?
Axies are the game’s creatures that represent you. Players can either choose an Axie to represent themselves that they have bred and raised or buy one from the Market. There are many Axies to choose from in the Market, as well as customizations and decorations for your planet. PvP (Player versus Player) and tournaments are the most common ways to fight and trade with other players.
Having the appropriate Axies makes you extremely powerful in this game and kind of rich in real life.
Axies can be caught through quests, bought on the Marketplace or found in eggs. I would recommend purchasing eggs for a beginner because buying a fully grown adult Axie could be costly. You can buy a fully grown adult Axie to add to your squad for a specific reason on the battlefield after you’ve traded once or twice.
“You can buy a full grown adult axie or buy the eggs,” you might be thinking. All Axie’s begin their lives as eggs, which hatch into Larva after about 24 hours, and then the Larvae morphs into a Petite Axie after another 48 hours, and finally the Petite Axie grows into an Adult Axie after another 48 hours. In general, it takes 5 days for eggs to mature into adult axie. Observing their growth is a fantastic experience.
There are currently 9 Classes/Types of Axies: Beast, Plant, Bug, Aquatic, Bird and Reptile; 3 of these types namely Mech, Dusk and Dawn are very rare to acquire.
Each Axie is made up of 6 separate body parts that can be bred and fused together to create a variety of unique combinations. You can even compare your Axies to those of other players on a live leaderboard to see how you stack up against the competition.
Axie Infinity’s Battle
Axie Infinity’s Battle is a 3v3 game (PvP) in which you gain experience points (ExP) that can be used to level up your Axies, evolve their body parts, or breed another axie. Your choice is crucial to your victory.
The team that defeats all of its opponents’ Axies wins the war. Everyone’s a winner in Axie Infinity. The winner of an axie infinity battle receives 100 EXP, while the loser receives approximately 30 EXP.
What Makes Axie Infinity Unique?
The game allows players to participate in multiplayer matches with people from all over the world. The trade cards can be utilized to help them develop their gaming character. It’s no secret that most online multiplayer games aren’t favorable to young or inexperienced players because they don’t let them pick their own cards.
Axie Infinity allows players to personalize their characters in a variety of ways, the most essential of which being the ability to use a selection of different types of cards to do so. The game’s cards come in a variety of forms, allowing for a great deal of personalization. When it comes to damage resistance and attack stats, each card type has its unique set of strengths and weaknesses.
Background Info of Axie Infinity
Trung Nguyen is the CEO and Co-Founder of Axie Infinity.
Trung co-founded and served as the CTO of Lozi.vn, an early Vietnamese e-commerce business that raised roughly $10 million in capital and is still operational today. He left Lozi once the company had stabilized and the team’s focus had changed from building to business and operations. Before starting Axie Infinity, Trung worked at Trusting Social (a recent $25 million fundraising round headed by Sequoia) and Anduin Transactions (a Joe Lonsdale firm).
Axie Infinity’s creator has spent years developing the game at home, which has caused him to be late on papers and other obligations such as school. Despite his passion for the game, there are times when he worries if he should keep working on it, but then he considers what work must be done and knows that there is no way he can give up on his dream.
How to Join Axie Infinity?
Here is an ultimate guide on how to join Axie Infinity.
Visit Axie Infinity Community Alpha Getting Started Guide.
Unfortunately, Axie Infinity is not a free-to-play game. The only way to be able to play is for you to purchase and build your Axie Team.
An Axie Team consists of 3 types of Axies. You have to purchase the ones that you think will help you rank higher. Each Axie costs about $200 and more.
You won’t believe it but Axie Infinity has sold over 900,000 Axies in just 30 days.
Take a look at the image below.
3 Types of Players in Axie Infinity
The scholar is the first. This is the player that has put no money into the game and is essentially making money for free.
The average player is the second.The person who has purchased their own axie team and is using only one account.
The third is the manager, or someone who has bought and bred many teams and employed scholars to split profits with.
Can You Make Money with Axie Infinity?
Axie Infinity is an Ethereum-based game in which you can acquire and breed Axies. You may exchange your Axies for ETH, USD, and other cryptocurrencies.
How to Make Money with Axie Infinity?
Collecting SLP (Smooth Love Potion)
You can earn a minimum of 150 SLP per day by playing the game and completing tasks. Every two weeks, this SLP can be withdrawn from the account. SLP (Smooth Love Potion) is a cryptocurrency that can be sold directly to players or transferred to a cryptocurrency trading platform such as Binance (discounted trading fees for you and affiliate link) or Uniswap and be sold to other users.
If you’re unfamiliar with cryptocurrency trading platforms, I’d compare it to stock trading on a stock market. You have the option of setting a limit price or selling at market pricing. And, just like stocks, the price might move up or down based on market reaction.
So, why do people need SLP?
This SLP is intended for breeding purposes. As a result, the currency is burned. It has been removed from the market’s circulation. This burn mechanic helps preserve the value and price of slp by preventing oversupply of the currency.
Breeding and Selling Axies
Breeding and selling your Axies in the marketplace is one of the most successful ways to make money with Axie Infinity. The marketplace is essentially a marketplace where you can buy and sell Axies for ETH directly.
The amount of money you make is determined by a number of factors, the most important of which are:
- What is the total number of Axies you have?
- How effective are your Axies’ IV’s (Infinity Value/skill)?
After purchasing an Axie from the marketplace, you must breed two of them using either method (mutual affection or discipline) in order for them to have offspring. You’ll have a new baby Axie after a successful breeding. At this moment, the marketplace will offer your children the opportunity to be sold for ETH on the market.
Axie Infinity Online Reviews
Reviews and star ratings provide social proof, allowing new users to cut through their research and make decisions faster and more confidently than ever before. One of a platform’s most valuable assets is its reputation, and those 5-star evaluations might assist persuade new users.
Let’s take a look at Axie Infinity’s reviews.
Common positive reviews
Common negative reviews
Is Axie Infinity a Scam?
I have thoroughly examined all of the valuable information I gathered.
Let’s start by addressing the risk for each type of participant to eliminate some of the worry, uncertainty, and skepticism about Axie Infinity.
Scholars put nothing but their time into the game in order to make money. They must split their earnings with the managers in accordance with their agreement. As a result, the principal risk of becoming a scholar is the same risk that any employee faces. However, because there are no labor regulations in place to protect you, you are at greater danger of being exploited.
After two weeks of earning SLP for him, a bad or scummy manager may decide not to pay you. He may offer you an unfair profit-sharing arrangement for slp. He might even beg you for unethical favors in order to preserve your scholarship. So it’s essentially the same as getting a job at a shady company with a shady boss.
For the average player, they must have spent between $800 and $1200 on their own three Axies, and they must also spend hours grinding and farming SLP on a daily basis.
Of course, the danger is significant for the managers or huge investors who are investing tens of thousands of dollars in the game.
Some people are calling the game a pyramid scheme or a ponzi scheme, and I’ll explain why. In fact, it’s been said that a manager will buy Axies and recruit scholars. Then, scholars will eventually purchase their own Axies and take on the role of manager.
If a result of this downward trend, a pyramid will emerge, and as people stop playing the game or the player base slows, the SLP will lose value, and you will be scammed. This isn’t fully correct, though.
The fact that you are promised big returns on your investment without the money being properly invested or used makes a pyramid or ponzi scheme a fraud. They are primarily concerned with recruiting new people in order to raise funds to be able to provide you with the high returns on your investment, and they must continue to do so in order for the scheme to continue. The system begins to crumble as you progress down the pyramid since the people at the bottom are unable to take their money.
So let me explain why Axie Infinity is not the same thing.
You may claim that this is a ponzi scam if the main purpose of constructing another Axie was to entice more members. However, you are putting money into digital assets that you can sell at any time. Because there is a thriving economy and marketplace, each asset has a perceived value, and owning an Axie has a unique component because they are usually one-of-a-kind.
That is, there is a chance that you will not get the precise Axie that you desire when you breed. Because this game strives to be a competitively played sport, it must make balance changes or add new powers and skills on a regular basis, which means users will have to continuously build new Axie to stay competitive.
What I’m saying is that even if the player base reaches a critical threshold, the Axies you possess will retain their worth because existing players will always require an additional Axie.
Another common accusation made at cryptocurrencies is that they are scam.
If you honestly believe that cryptocurrencies are a scam, don’t put any money in it.
What I Like About Axie Infinity
- A great digital community that allows players to interact. It’s a fun and interactive cryptocurrency game.
- Axie Infinity is supported by a number of ERC-20 wallets or wallet extensions, with Metamask being one of the most popular for this type of Dapp. It also provides easy access to Samsung’s mobile application.
- The design is simple but effective. The game provides a pleasing and bright visual experience. The windows scattered around the home page are carefully organized. The game’s dynamics are both appealing and competitive.
- It has the most competitive NFT market in the industry.
- It’s a crypto game with multiple players.
- It is simple to play online or on mobile phones.
What I Don’t Like About Axie Infinity
- The cost of acquiring NFT Axies is too expensive. Some of the fighting supplies are quite costly as well.
- The application has a lot of server issues.
- Unnecessary bans are constantly imposed.
- To reach a worldwide audience and attract more crypto-players, more language implementations are required.
Ready to make Passive Income Online?
Hi, I’m John. I created a passive income online. And I had no marketing skills or online experience when I started.
My Opinion – Axie Infinity
I fully believe in the game and in its future.
The game is currently in the early stages of development, which means that more features will be added and more people will join.
Axie Infinity is expensive, however you may resell your Axies to the market if you ever wish to stop playing. The good news is that a used Axie is just as valuable and precious as a new one. It’s likely that you’ll resell it for the same price you paid for it.
Most individuals who believe Axie Infinity is a scam are either misinformed or unsure about the game’s future, which is understandable because people are wary of things they don’t understand. Before you accuse something of being a scam, make sure you have all the information.
Now, the question is “Do I recommend this?”
A portion of me will say “Yes,” because I’m pro to cryptocurrencies plus they are supported by some ERC-20 wallets or wallet extensions, as well as being heavily invested in by huge companies.
However, a part of me will also say “No” because I recently discovered that many find this game to be a lot easier to earn/generate money than the traditional/literal means of trading. They believe that cryptocurrency is a form of easy money. I just want to emphasize that cryptocurrency isn’t always sunshine and rainbows. One must learn the game first.
But at the end of the day, it is entirely up to you whether or not to put all of your money into this game. I’ve given you the facts as well as my thoughts on the subject. You should, like with any investment, conduct your own research.
You must be able to conduct your own due diligence, conduct extensive study, and comprehend what you are getting yourself into or else, it is no different from gambling. If you’re not eager to learn everything there is to know about this game, I recommend not investing more than you’re willing to lose, otherwise, you’ll only have yourself to blame.
How I Make My Lifestyle Online
If you think you can’t afford Axie Infinity, don’t worry. I totally understand. Given the situation we are in, I also don’t think it’s a clever move to jump right on to it.
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I can understand you must be hesitant. Imagine yourself doing all of the things you enjoy and living the life you’ve always wanted.
That could all come true. You can definitely build a brand and make money right at your fingertips.
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About John Stanley
Jоhn іѕ a Fаthеr, Husband, Entrерrеnеur аnd Internet Mаrkеtіng Suрроrt Cоасh. Evеr ѕіnсе hе ѕtаrtеd hіѕ Onlіnе Buѕіnеѕѕ he lоvеѕ wоrkіng frоm аnуwhеrе аnd thе lарtор lіfеѕtуlе. Thіѕ means bеіng сlоѕеr tо our сhіld аѕ ѕhе grоwѕ uр. When hе’ѕ nоt buіldіng wеbѕіtеѕ, hе’ѕ ѕреndіng рrесіоuѕ time wіth оur lіttlе girl аnd fаmіlу, еxеrсіѕіng аnd еnjоуѕ trаvеlіng. Follow me: Webtalk· Twitter· Instagram· Facebook
- Great Digital Community
- Supported by ERC-20 Wallets
- Pleasing Graphic Design
- Most Competitive NFT Market
- Available for Multiplayers
- Too Expensive NFT Axies and In-Game Supplies
- A lot of Server Issues
- Constant Unnecessary Bans
- Requires More Language Implementations
11 thoughts on “Is Axie Infinity a Scam? Almost 90% Fail Never Knowing This At All”
They stole my money with lies of crypto investment it was unbelievable, wouldn’t even be here alerting others if Geminihacks didn’t recover my funds for me.
I haven’t found it to be a scam. But there’s many costs involved I hadn’t really been aware of even watching players tutorials on playing the game, earning SLP, and then cashing it out. Also, at this stage it is really uncertain how they’re going to address some of the growing issues. This makes it an uncertain investment. It’s all good if you live in a third world country, work as a scholar and make a weeks wage in the couple bucks US you make per day, but for the rest of us the returns aren’t all that great.
But before you’re completely turned off, keep in mind that situations can greatly alter your own perspective on the value of the game. Afterall, if you really enjoy PVP and just like playing the game (I get too angry and punch holes in things because I’m a body builder and know for a fact my steroid cycles give me a nasty temper some times), and I’m a full time student, and working part time. So really, I just don’t have the time. But if I was a teen and had nothing but time, being paid real value currency to just play games wouldn’t be a bad way to spend my time.
Also, if you have the time to sit on the market for 16 hours a day and watch for the perfect Axies to build a team, and you got a good sense of tracking your opponants energy, and managing your cards as efficiently as possible, then maybe you can get into the top 200 and start pulling in AXS (about $70 USD each)… good luck with that. Me and my $3000 USD team can’t break 300,000th to 200,000th place. I know I’ll never see 200th place.
The volatility of crypto, the painful gas prices with ethereum, the multiple steps required to turn SLP to ETH, the extreme price of buying decent Axies, are all things that would probably have kept me from investing at all if I had known. I’m definitely not anti-crypto, I have a diverse crypto portfolio and praise crypto up to everyone since I’ve made huge gains on my investments, but this is something else entirely. Now I’m basically stuck till I can earn enough SLP to:
1. Return original lost gas costs (cost me $30 in gas fees per transaction)
2. Cover cashout and transfer gas costs
(fees are bouncing up as high as $40 or more per transaction now and you have to pay to convert the low value SLP to ETH, and then transfer the ETH to cash out)
3. Cover the original ETH buy costs
4. Sell my four Axies
5. And cover the ETH back into Cash costs.
All in there is a considerable amount of loss to cover. I’d estimate $500-600 USD in losses without crunching numbers.
I know enough now to understand what is required to keep from at least taking a loss on this venture, but every day it seems SLP is growing less and less valuable. They haven’t implemented any way to properly burn SLP to compensate for all the scholars grinding away daily and flooding the market with SLP to make a few rich players richer. And AXS is virtually unobtainable for most players unless you happen to have the funds or the luck to strike on a perfect team of Axies. Keep in mind Axies are damn expensive so the possibility of playing around with lots of combos belongs only to the wealthy. I have four Axies, one specifically picked out as a Meta (has skills that make it deadly in pvp), in total they cost me about $3,000 USD in ETH.
When I got in, SLP were worth $0.20. A month later and now they’re worth $0.08, while AXS keeps growing because investors in the crypto market who aren’t even playing the game have been blowing it up without even knowing what it is. They just see the candles rising and toss money at it, unbalancing the Axie wealth gap further.
Good luck if you do buy in.
Oh, and I should also say they have lots of changes slated for the future that could in fact make the game better, and perhaps repair the rapidly deflating SLP value. There’s land deeds that you can buy that will have use in the future, and have resources on them you can harvest. There will be more NFTs created to swap around and use for different purposes eventually. And there’s items you can buy to somehow alter or improve your land perhaps. Many of these items exist and are currently being traded in game, so who knows what the future of this game will hold.
I’m out, because straight up investing in crypto is what I know and like, and I just don’t have the time to devote to a game when my real life salary makes even the best Axie profits I can grind out not worth my free time. But maybe for you this will be a dream come true. To each their own.
Thank you for sharing all of your experiences so far with Axie Infinity,
This will really help readers of my Axie Infinity review. Axie Infinity is one way to try to make money and it has some concerns to be aware of and will certainly suit some people. You have clearly highlighted some concerning realities – high cost of initial investment, high ongoing costs with the gas fees to cash out, and the incredible amount of time you need to invest in it. Who has that amount of time, other than students or unemployed people?
Others may want to consider the alternative online business model I present as a more certain way to build an online business and make money.
Hi John – This is a really interesting concept.
I’ll admit, I don’t know a lot about cryptocurrency but I had no idea there were online games involved with crypto either!
Based on the information provided, I don’t think I could see myself ever getting involved with a game like this. The entry fee alone would turn me away instantly. But if there are others out there who enjoy it, who am I to say it’s not worthwhile haha. Thank for putting this together and sharing your knowledge, this seems like a real interesting game and I’ll be curious to see how it grows in the near future.
Hi Dereck, thanks or chiming in.
You have raised some great perspectives. The price of entry is high and will not suit many who are not gamers. However for gamers it may suit them. I too will be monitoring the success of Axie Infinity going forward and I do note that the Crypto currency (AXS) has has a large rises but is also subject to a LOT of volatility.
Excellent review on Axie Infinity video game. You convinced me that this isn’t a scam and as the game is still in it’s development, I believe that people should wait until the game is fully developed until they judge the game. But, after reading your very detailed article I am convinced that you believe in the future of the game and that it will be successful.
Thank you for sharing and keep up the great work.
All the best, Tom
Thanks for your comments Tom,
Yes I believe in cryptocurrencies and the decentralised finance (DeFi) developments. The Axie Infinity game and income earning opportunity may suit gamers, is early in its development and I have presented a full list of issues, pros and cons that I recommend readers to consider fully and decide if Axie Infinity suits them.
As I say in my article – at the end of the day, it is entirely up to you whether or not to put all of your money into this game. I’ve given you the facts as well as my thoughts on the subject. You should, like with any investment, conduct your own research.
I’m glad this review helped you.
I’m not much of a gamer, but this looks like a wonderful game. I like that you can breed your Axies, and as I was reading I actually became interested in this game, but when I saw the price I thought “Whoah!” That is the most expensive game I’ve ever seen online – well, in my limited experience.
I can see that you can make money with it, but still, it requires a big investment, and a game to me is not worth it. On the other hand, I like that you can use your winnings as cryptocurrencies. I’m reading about cryptocurrencies and Binance and I want to sign up to start trading with that. Are there any good platforms you recommend?
Thanks Christine for reading my honest Axie Infinity Review and sharing your perspectives on the price of Axie Infinity and who it may suit e.g. gamers.
I am personally an investor in Cryptocurrencies and chose Binance because I researched that it has the lowest fees. You can setup an account with Binance using this affiliate link that will get you the maximum discount of 10% off the fees (spot and margin). If you need any help with Binance their help articles are great and you can also ask me on email@example.com
We like that you can earn money with Axie infinity, this is not a scam but we do like your other recommendation of building an online business using affiliate marketing with Wealthy Affiliate is a better way to earn money if you want to sit around and earn money if you work hard.
This article has explained all the details on Axie Infinity from how it works down to the way you can earn money John has done a great job at providing the details to make an informed decision.
Mathew & Deloris
Thank you for your comments Matthew & Deloris,
I’m glad you learned all you need from my honest Axie Infinity review. Axie Infinity is one way to try to make money and it has some concerns to be aware of and will certainly suit some people. Others may want to consider the alternative online business model I present as a more certain way to build an online business and make money.