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Axie Infinity (AXS) is a blockchain-based trading and battling game that is partially owned and operated by its players. In the game, players collect, breed, raise, battle and trade token-based creatures known as Axies. AXS (also known as Axie Infinity Shards) is the governance token used to participate in key votes and will give holders a say in how funds in the Axie Community Treasury are spent.
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*Â Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
Because stablecoins* are designed to maintain a peg to fiat currencies, they can be useful tools. Coins such as USDC, USDT and QCAD generally experience lower volatility than other crypto assets.
*Â Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
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