Tag: axie

Trading SLP to PHP now in Binance

How to Sell SLP to PHP using Binance P2P

Requirements:
1) Ronin Account
2) Metamask Account
3) Binance Account
4) SLP Token should be present on your Metamask account, if not you should add it first.

Note: Time for the assets to be cleared from one account to another depends on how much gas fee you spend on every transaction.

Gas Fee – There are no fixed gas fees. Sometimes it’s high, sometimes it’s low. You can check the price of Gas fee at axie.live. I suggest you have at least a $30 ceiling for gas fees.

IMPORTANT
Make sure you have at least $30 worth of ETH on your Metamask account because this is where all the gas fees get deducted.

Now for the Steps:
Step 1: Log in to your ronin wallet and metamask wallet thru browser extension.

Step 2: Log in to Axie Infinity Marketplace. PLEASE ALWAYS CHECK THE LINK. (https://marketplace.axieinfinity.com/)

Step 3: Click “My Account”, Click “Claim Tokens”, then Claim your SLP. This step takes time so when you claim so please do not refresh your browser until you see the SLP on your Ronin Wallet browser extension.

Step 4: Once your SLP appears on your Ronin Wallet browser extension, Go back to “My Account” then click “Ronin Withdrawal”. It will open up the Ronin Bridge.

Step 5: There are 3 Text Boxes where you can type in.

Box 1: Etherium Address – This is where you will paste your METAMASK address.

Box 2: ASSET – This is where you will select if you will transfer AXS or SLP. So select SLP.

Box 3: Amount – This is where you will type how much SLP are you going to transfer.

IMPORTANT: Before clicking on the “NEXT” button, make sure you have at least $30 worth of ETH on your METAMASK account and I advise you to select the fastest gas fee on all your transactions.

IMPORTANT: Make sure you already added SLP Token on your Metamask Wallet, if not you have to manually add it first by going to:
(https://www.coingecko.com/en/coins/smooth-love-potion) You should see the Metamask icon under the “Contract” field, just click that and it will automatically add SLP as one of your tokens.

Step 6: Check your METAMASK Wallet browser extension if the SLP is already added. If you see your SLP then you are good to go.

Step 7: Go to Binance and log in to your account. After logging in, click “Wallet” then select “Overview”.

Step 8: On the overview screen, click “Deposit” Then select Crypto Deposit.

Step 9: You will see a “Coin” text box on the next screen, just search for SLP. Select SLP and NOT SLPOLD.

Step 10: You will see a warning box and just click OK. Do not change anything on the screen. Copy your Binance Address

Step 11: Open your Metamask Wallet browser extension, make sure you are on Etherium Mainnet then click the “Send” button. Then paste your Binance address on the text box.

Step 12: You will see 2 text boxes and the gas fee involved in this transaction.

Box 1: Asset – Select your SLP Asset
Box 2: Amount – Click max (some suggests leaving at least 1slp for a smooth transaction)
Gas Fee: I advise select the “fastest” and make sure you have at least $30 ETH on your Metamask Wallet so you won’t encounter any issues.

Step 13: After setting everything up just click next to proceed with the transaction.

Step 14: If successful, you will find your SLP under P2P assets and from here you can now sell it to Binance.

How To Sell SLP to Binance

Step 1: Go to Trade, select P2P.
Step 2: Select “SELL” then select “SLP” Then change the currency to “PHP”
Step 3: From the set of buyers, select who you want to sell your SLP to. Then click “Sell SLP”
Step 4: There will be 2 text boxes

Box 1: I want to sell – This is where you will type how many SLP you wanted to sell

Box 2: Auto-Generated – This is how much you will receive

Step 4: Select Payment Method. Either bank transfer, Unionbank or Gcash.

Notable Cash Out Options for SLP in the Philippines

The following are the usual cash out options not just for SLP sale but also for crypto sale on the P2P platform:

1) GCash

2) PayMaya

3) UnionBank

What is Axie Infinity?

Axie Infinity is a Pokémon-inspired universe where anyone can earn tokens through skilled gameplay and contributions to the ecosystem. Players can battle, collect, raise, and build a land-based kingdom for their pets.
All art assets and Axie genetic data can be easily accessed by 3rd parties, allowing community developers to build their own tools and experiences in the Axie Infinity universe.
While still in early access, Axie is ranked the #1 Ethereum game by daily, weekly, and monthly active users. It has generated over 13,000 ETH in revenue (16M+ USD) so far.
While Axie is a fun game, it’s also taken on characteristics of a social network and jobs platform due to the strong community and play to earn opportunities that have come from its early success.
The key difference between Axie and a traditional game is that Blockchain economic design is used to reward our players for their contributions to the ecosystem. This new model of gaming has been dubbed “play to earn”. Axie has attracted thousands of players from developing countries in the pursuit of a new income stream during the Covid pandemic. Many of these players are fathers, aunts, and even grandparents who have never used Blockchain technology before!

Players can earn by:
Competing in PVP battles to win leaderboard prizes.
Breeding Axies and selling them on the marketplace.
Collecting and speculating on rare Axies such as Mystics and Origins.
Farming for the love potions that are needed to breed Axies. These can be sold on exchanges such as Uniswap and Binance.
Starting in 2021 players can earn a governance token, AXS, which represents a real slice of the game universe as it has governance rights and fee sharing built into it. Since players can earn this token by playing, a Ready Player one type quest emerges where players can actually earn part of the universe. However, these quests are not winner takes all and rewards each player based on their effort and skill.

Axie’s Mission
Axie was built as a fun and educational way to introduce the world to blockchain technology. Many of the original team members met playing Crypto kitties, and it was their first time ever using Blockchain for anything other than pure speculation. They soon started working on Axie to introduce the magic of Blockchain technology to billions of players.

The Vision
We believe in a future where work and play become one.
We believe in empowering our players and giving them economic opportunities.
Most of all, we have a dream that battling and collecting cute creatures can change the world.
Welcome to our revolution.

-Axie Infinity Whitepaper

Axie Infinity Shards(AXS) are an ERC-20 governance token for the Axie Universe. AXS holders will be able to claim rewards if they stake their tokens, play the game, and participate in key governance votes. Players will also be able to earn $AXS when they play various games within the Axie Infinity Universe and through user-generated content initiatives.

The goal with Axie Infinity Shards is to align the incentives between the players of the game and the developers in novel and exciting ways. The mechanisms described above have two main goals:

  • To reward players for interacting with Axie Infinity while simultaneously incentivizing them to hold on to their tokens so they can claim additional rewards.
  • To decentralize the ownership and governance of Axie Infinity.

They want Axie to become the first game truly owned and operated by the community that plays it. This opens up limitless possibilities but must be approached carefully. In the past, projects have been abandoned and become stagnant using the term “decentralization” as a ruse. The shift to a true Decentralized organization will occur gradually over time.

In early 2021, the Community Treasury will go live. The Community Treasury will begin to receive revenues generated by Axie Infinity as well as a portion of staking rewards. This treasury will be governed by AXS stakers eventually, once the network has become sufficiently decentralized. A more detailed overview of the Treasury can be found here.

The token has been designed in collaboration with Delphi Digital who has put together an AXS staking guide so future holders can view the potential of AXS at a glance.

-CAGYJAN

Some Filipinos are earning cryptocurrency during the pandemic by playing a video game

One small community in the rural Philippines that turned to the NFT game, Axie Infinity (https://axieinfinity.com), to earn an income in cryptocurrency during the COVID-19 pandemic. It shows how the “play-to-earn” gaming phenomenon is creating new opportunities for thousands of players around the world, especially in emerging economies where job opportunities are lacking and government relief has been limited. If you want to learn more visit https://yieldguild.io or join their discord https://discord.gg/ygg