• Register
  • Login
Hardforking.com
  • Home
  • Play to Earn
  • Crypto Culture
  • Analysis
  • Community
  • Discussion
  • Scholarships
    • Apply for Axie Scholarship
    • Hardforking Existing Scholars
No Result
View All Result
Submit Content
  • Home
  • Play to Earn
  • Crypto Culture
  • Analysis
  • Community
  • Discussion
  • Scholarships
    • Apply for Axie Scholarship
    • Hardforking Existing Scholars
No Result
View All Result
Hardforking.com
No Result
View All Result

AXS Staking – Guide

Motion by Motion
January 20, 2022
in Axie Infinity, Axie Infinity Guides, Beginner
0
AXS Staking – Guide

AXS Token

AXS is the governance token of Axie Infinity with each token representing a little slice (shard) of the Axie universe. Available to purchase on many exchanges including Sky Mavis’s on DEX Katana, winning tournaments or by placing in the top 1000 on the leaderboard for the PVP Battle Arena during the season (please check https://axie.substack.com/ or the Axie Infinity socials to see when the next season begins).

Staking?

Staking allows long-term crypto holders a way of making their assets (Tokens) work for them by locking up their tokens via the AXS Staking dashboard, which then generates rewards rather than sitting idle in their wallets doing nothing.

In the future, staking AXS will give you voting rights and a say over the use of the community treasury (which now holds over a billion dollars in tokens).

How do I stake my AXS?

Please note that to use this guide you will need a Ronin wallet and AXS token/s 

Go to the staking page here: https://stake.axieinfinity.com/

Connect your Ronin wallet, using either of the two buttons located on the page to do so.

Then click on the stake button within the “My AXS Staking “ section.

The staking popup will appear. You will then need to enter the amount you would like to stake in the amount field. You can also click on “Max” if you would like to stake all the AXS you hold.

Click on Stake.

A Ronin popup will appear, click confirm.

It can sometimes take a couple of minutes before the transaction is confirmed in the blockchain. If you’re wanting to check, you can click on your Ronin Wallet and click on “Activities” to see the transaction’s status or by looking up the transaction in the Ronin Explorer.

Once the transaction has completed, you’ll see it reflected under “Total Staked”.

You now have some AXS staked, now what?

There are a couple of options you have when it comes to your staking rewards, claiming and restaking.

Claim: this option is when the total rewards will go to your wallet. They are immediately usable for anything you would like to do like swapping on Katana or using them for breeding.

Restake: this option is when you claim your rewards and instantly stake them. That means more stake in the treasury and more future rewards!


As you will see each time you claim rewards (Claim or Restaking), you’ll need to wait 24 hours before you can do another claim or restake.

Tags: Axie InfinityAXSRonin

Related Posts

What is Crypto?
Beginner

What is Crypto?

Crypto comes from the Greek kryptos, describing it as secret or hidden. It’s the practice and study of techniques...

by Sean
February 10, 2022
Katana Guide
Axie Infinity Guides

Katana Guide

Katana allows anyone to easily swap between the various ERC 20 assets found on Ronin, as well as provide...

by Motion
January 19, 2022
Ronin Wallet – Guide
Axie Infinity Guides

Ronin Wallet – Guide

A Ronin Wallet is your boarding pass to a new digital nation!

by Motion
January 18, 2022
The latest gaming news and reviews – Play to earn gaming continues to grow MASSIVILY
Gaming

The latest gaming news and reviews – Play to earn gaming continues to grow MASSIVILY

We look at the latest gaming news and reviews in this episode. Play to earn gaming continues to grow...

by Sean
November 24, 2021
Next Post
What is Crypto?

What is Crypto?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Sign Up

Account Details

Profile Details

Discord Name Required

This field can be seen by: Everyone

Log In

Login

Create New Account
Lost password?
Profile Photo
Motion
Offline
  • 3

    Posts

  • 0

    Comments

  • 4.7K

    Views

Hardforking.com

We are a Global team of analysts, miners, traders, consultants, and content creators. Our mission is to help grow the adoption of Bitcoin, Blockchain and good Cryptocurrency projects.

© 2021 Hardforking

No Result
View All Result
  • Home
  • Play to Earn
  • Crypto Culture
  • Analysis
  • Community
  • Discussion
  • Scholarships
    • Apply for Axie Scholarship
    • Hardforking Existing Scholars

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist