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RE: Leo Talk 7/02/21 - Come Join Our Chat

in LeoFinance โ€ข 4 years ago (edited)

What can you say about the blockchain trading card game #AxieInfinity (https://axieinfinity.com/) which runs on the Ethereum blockchain? ๐Ÿค”

at present, which costs a total of about $540 (again, plus gas fees). ๐Ÿ’ธ๐Ÿ˜ฑ๐Ÿ’ธ Nevertheless, many of those players say that they are earning so quickly that they were able to earn back their investment in just about 60 days. ๐Ÿค‘๐Ÿ˜…The game requires you to have at least 3 "Axies" (monster trading cards, much like those on #Splinterlands) to start playing, and each "Axie" costs about $180 (plus Ethereum gas fees)

@jancharlest

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Not for me...

I don't really have a lot of time to play many games so I try to stick to the ones I already play.

I also try to favor stuff built on the Hive chain... ETH is usually a deal-breaker for me

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#AxieInfinity players say that the earning potential is huge. ๐Ÿค”

If you think that time is the limiting factor for you, then you can use their "scholarship program" (not related to real-life academics) where you can delegate at least 3 "Axies" to each of your "scholars" such that you don't have to play the game yourself, and you split the profits between you and each of your scholars. ๐Ÿค“

Now that sounds interesting

I can pimp some dudes to play for me
NICE

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Earnings from "scholars" are usually split between 50% to 70% to the scholar relative to their earnings from the 3 (or more) Axies you delegated to them. ๐Ÿค“

The owner of the Axies usually gets 30% to 50% of the scholars' profits, and can decide whether the owner or the scholar(s) is responsible for the fees. ๐Ÿ™‚

The owner can set rules regarding the quota of each scholar (to ensure that each scholar maximizes the use of the delegated Axies), such that scholars that do not meet the requirement would have penalties up to 100% of their earnings. ๐Ÿ˜

That seems to be well thought. Interesting little system they got going on

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MonsterMarket TeamShare, such that the owner of the cards in Axie Infinity gets all the profit from the delegatees ("scholars") and is responsible for giving the share of the scholars. ๐Ÿค“The delegation system in #AxieInfinity is different than that of #Splinterlands's

Yay! ๐Ÿค—
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Do you play?

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I'm being invited to play the game, but I don't want to dish out $600 to $1,000 just for the investment for the first 3 "Axies". ๐Ÿ’ธ๐Ÿ˜…

Yea, it's a lot to pay upfront indeed

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Because of that price, many players choose to be "scholars" and accept the 30% to 50% cut from their earnings because they are either unwilling or unable to provide that much just to start playing. ๐Ÿค“

Why would anyone want to be a scholar though instead of just playing for oneself and keeping all the earnings?

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The more "Axies" you have, the more time you have to spend each day playing to prevent wasting your Energy. ๐Ÿค“ More Axies = More Energy = More Earnings per day. ๐Ÿ˜…

Can a scholar have scholars of his own?

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ee(s) can use the Hive Power (or cards) as if they were their own, but are unable to send or delegate them to somebody else. ๐Ÿค“No. ๐Ÿ™‚ Technically, only the owner of the Axies has the ability to delegate to other accounts, which may serve as the "scholars". ๐Ÿ˜ It's like delegated Hive Power (or cards on #Splinterlands), where the delegat

Yea I saw that when I saw the game being mentioned a few times. But those gas fees and everything else killed any notion of playing the game for me.

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Same thing happened to me with Splinterlands.

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What did you mean? ๐Ÿ˜ฎ Were you referring to the #Splinterlands versions before it became part of the Hive blockchain? ๐Ÿค”

No, it was sometime late last year.

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ย 4 years agoย (edited)ย 

I did not understand what you meant when you said that the same thing happened to you with Splinterlands. ๐Ÿคฏ๐Ÿ˜…

ย 4 years agoย (edited)ย 

I was trying to buy in-game land with ETH and they wanted to charge me $900 to move a small amount of ETH. So I declined.

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Who charged you with $900 for the transfer? ๐Ÿ˜ฎ Were you unable to change that amount to a smaller one? ๐Ÿค”

Players of that game know that Ethereum gas fees are really high, but they said that even if they subtract those fees from their sales, they still get huge profits. ๐Ÿค” They even boast their 100% return of investment within 60 days. ๐Ÿ˜…

Note that the 3 "Axies" that cost $540 in my example are the cheapest Axies, which are most likely not the great cards you could buy in the game's Marketplace. ๐Ÿ˜…

Yea and its an uphill battle since your playing with a weak deck.

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Did you mean "you're" instead of "your"? ๐Ÿค“

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Tired at night and I tend to just type as fast as I can to get through comments.

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Your post was promoted by @amr008

I don't know where exactly my comment was promoted on. ๐Ÿคฏ๐Ÿ˜