Join Delphi Research today and immediately get access to our full Member Portal!
Join Delphi Research today and immediately get access to our full Member Portal!

Axie Infinity Announces Delphi-Designed $AXS Governance Token

Oct 26, 2020 · 4 min read

By Piers Kicks

Disclaimer: Delphi Digital both designed the AXS token via our consulting division as well as led its private sale via Delphi Ventures.

What is Axie Infinity?

For those of you who are new to Delphi or have otherwise missed our coverage, we have been big believers in this project from early on. Axie Infinity is the leading blockchain game that allows players to trade, battle, and breed Pokèmon-inspired digital pets called Axies on the Ethereum network. More gameplay functionality such as building upon scarce parcels of land in their world called “Lunacia” will also be coming online in the near future.

Having been in production for over two years, the game has built one of the most active and engaged communities in the blockchain gaming space. Recently, the project has gone into overdrive with current holders doubling in the last two months alone. They now boast over 7,000 weekly active users.

Axie Infinity has stuck true to the ethos of blockchain gaming, with all data and game assets accessible by 3rd parties allowing others to build tools and experiences for the Axie universe. Furthermore, the team is focused on making Axie Infinity the first game to truly be owned and operated by its players. As such, the goal is to shift to a decentralized organization over time.

In order to further build upon Axie Infinity’s growing momentum, the team has decided to distribute the Delphi-designed governance token, AXS, via the Binance Launchpad which will grant the project broad exposure.

What are Axie Infinity Shards (AXS)?

Late last year, Delphi Digital was contracted to help structure Axie Infinity’s ERC 20 governance token. Our immediate goal was to thoroughly understand the existing and future in-game dynamics such that they could be synergistically intertwined with the token economics in order to support the core team’s long-term vision.

After analyzing the game ecosystem, we proposed the following stages of network evolution:

1, A bootstrap phase (months 0-24) that spurs significant near-term player adoption and broad interest.

2, A growth phase (months 24-48) that provides deep value wells for the most engaged players by growing rewards, whilst not deterring later entrants to the ecosystem by making “catch up” impossible.

3, A maturation phase (month 48+) that ensures the long-term viability of the ecosystem now that adoption has been achieved.

For more information on the thought process behind the token, please review the PDFs attached at the bottom of the post.

Axie Infinity Shards (AXS) will unlock new dimensions of incentive alignment between the developers and players. The team believes every participant in the ecosystem should share in the value that they create, and AXS is the mechanism through which we can make that happen.

Players are able to earn AXS by staking, playing the game, and by participating in key governance votes once the Community Treasury comes online in early 2021. Importantly, in order to disincentivize passive investment, stakers are required to both play and vote to receive maximum rewards. In addition, a retroactive rewards distribution will be issued to anyone who has played Axie Infinity before the snapshot was taken today 26th October.


Please note, staking will not be going live until the migration to their custom-built sidechain called Ronin is complete in the near future. In the meantime, be sure to follow Axie Infinity’s Binance Launchpad campaign over the coming week.

As a special treat for all our members, we are attaching the original deck we sent over to Axie as part of our consulting engagement. Be sure to check out the additional links we’ve attached below the PDF for more reading.


Quick Links

Not To Be Missed

Join Delphi Research today and immediately get access to our full Member Portal!

Join Now  or  Sign in