AXS to PHP: Earn Through Axie Infinity

Key Takeaways:

• Axie Infinity is a gaming platform based on Blockchain that allows users to purchase, raise and engage with Axies.
• AXS is a token at the heart of the Axie Infinity ecosystem that serves as a utility token and is used for various purposes, including buying and breeding Axies and participating in battles.
• BloomX, a Philippine-based cryptocurrency exchange, was the first company to offer the service of converting AXS to PHP. BloomX has a network of over 10,000 partner outlets where players can convert their AXS tokens into PHP.
• Players can also convert AXS to PHP on Binance by creating an account, completing the necessary verification steps, and following the conversion process.
• The transition from AXS to PHP has allowed players who do not have access to cryptocurrency to earn a living through the game, making the play-to-earn model famous for Filipinos to supplement their income, especially during the pandemic.

AXS to PHP - What Is Axie Infinity?

It’s a gaming platform that is based on Blockchain and allows users/players to Purchase, raise, and engage with Axies.

The platform uses a cryptocurrency known as AXS, so players can earn by participating in the game's play-to-earn model. Additionally, Axie Infinity has gained immense popularity, especially in the Philippines, where many players have been able to earn a living through the game.

How Does AXS Work?

AXS is a token at the heart of the Axie Infinity ecosystem. It serves as a utility token and is used for various purposes, including buying and breeding Axies and participating in battles. AXS is also a reward mechanism that incentivizes players in the game. The more you do effort to play, the more AXS you can earn.

You can purchase and sell AXS on multiple cryptocurrency exchanges like Binance. You can also trade AXS against cryptocurrencies like Bitcoin and Ethereum.

Philippines Market for Axie Infinity

For Axie Infinity, the Philippines have been one of the biggest markets, with thousands of players who earn a living through the game. However, not all Filipinos can access cryptocurrency due to the lack of bank accounts and credit cards. This led to the need to convert AXS to PHP.

BloomX - The Pioneer of AXS to PHP Conversion Service

BloomX, a Philippine-based cryptocurrency exchange, was the first company to offer the service of converting AXS to PHP. In addition, BloomX has a network of over 10,000 partner outlets, including pawnshops, convenience stores, and remittance centers, where players can convert their AXS tokens into PHP.

Process of Converting AXS to PHP

Players need to create an account with BloomX and verify their identity. They then need to send their AXS tokens to their BloomX wallet address.

Once the tokens have been received, players can use BloomX's network of partner outlets to convert their AXS tokens into PHP. The rate for conversion is based on the prevailing market rate, and BloomX charges a small fee for the service.

How Can I Convert AXS to PHP on Binance?

To convert AXS to PHP on Binance, you must create an account on their platform and complete the necessary verification steps. Once your account is set up and verified, you can follow these steps to convert your AXS tokens to PHP:

• Step 1: Log in to your Binance account and go to the "Trade" section.
• Step 2: In the search bar, type "AXS" to find the AXS trading pair.
• Step 3: Choose the trading pair with PHP and select the amount of AXS you want to convert.
• Step 4: Review the conversion details and confirm the transaction.
• Step 5: Your AXS tokens will be converted to PHP and transferred to your digital wallet on the Binance platform.

It is important to note that Binance charges a small fee for each conversion, and the conversion rate is based on the prevailing market rate. Always review the conversion details carefully before confirming the transaction to ensure you get the best value for your tokens.

Companies Offering AXS to PHP Conversion

The Philippine National Bank (PNB) and the Union Bank of the Philippines are other companies that offer the same service. The PNB has partnered with Axie Infinity to enable players to convert their AXS tokens into PHP through its mobile banking app.

UnionBank, on the other hand, has partnered with CryptoLocally, a peer-to-peer cryptocurrency exchange, to enable players to convert their AXS tokens into PHP.

Game-Changing Transition from AXS to PHP

The transition from AXS to PHP has been a game-changer for many Axie Infinity players in the Philippines. It has allowed players who do not have access to cryptocurrency to earn a living through the game. The play-to-earn model has become famous for Filipinos to supplement their income, especially during the pandemic.

Withdrawing Earnings from Axie Infinity

Axie Infinity has also made it easier for players to withdraw their earnings from the game. Players can withdraw payments directly to their bank accounts or through remittance centers like Palawan Express and Cebuana Lhuillier.

Do You Know?

• AXS to PHP is a popular open-source programming language that is used to build websites and web applications.
• It is the fourth most popular language used in the world, following Java, JavaScript, and HTML.
• It was created in 1994 by Danish-Canadian programmer Rasmus Lerdorf.
• PHP supports multiple databases, including MySQL, PostgreSQL, Oracle, and SQLite.
• It is estimated that more than 80% of websites use PHP in some capacity.

FAQs

1. How much is 600 AXS in pesos?

With the current Market price of AXS, 600 Axie Infinity Shards is 10181.37 Philippine Peso.

2. What is 1000 AXS equivalent to?

If you convert 1000 AXS to USD, it would be worth 7990 USD at the current exchange rate of 7.99, according to BeInCrypto. You can also convert your AXS tokens to cryptocurrencies like BTC, DOGE, or MATIC. The exchange rates are updated regularly, and as of 2023/04/29 06:24, the latest exchange rate is being used.

Conclusion:

The transition from AXS to PHP has been a significant development for the Axie Infinity community in the Philippines. It has enabled players who do not have access to cryptocurrency to participate in the game and earn a living.

With the increasing popularity of blockchain-based gaming platforms, we expect more companies to offer similar services, making it easier for players to participate in the gaming economy.