Axie Infinity (AXS), a Ponzi scheme or not?

Axie Infinity game has around 2 million monthly players. It allows users to earn Axie Infinity Shards (AXS) and Smooth Love Potion (SLP) tokens. But, according to analysts, it is necessary to be wary of it, because it could act of a pyramid of Ponzi.

The Play-to-Earn, Axie Infinity (AXS) would be based on a Ponzi scheme

According a tweet from Forbes Crypto on August 18, the Play-to-Earn has many characteristics of a Ponzi scheme. It is true that the Play-to-Earn offer token rewards to players for their engagement. However, there are reasons to be wary of such new genre games as Axie Infinity (AXS).

Released in 2018, Axie Infinity is a multiplayer online game about collectible NFT monsters called Axies. Players own a minimum of three Axies that they can breed, send into battle, and trade. This game based on blockchain technology has contributed a lot to the popularization of the term “ Play-to-Earn“.

The problem with the Axie Infinity game and the system Play-to-Earn in general is the obligation to purchase ecosystem assets. In effect, players must purchase in-game assets if they want to play. In the case of Axie Infinity, one buys either the inflationary SLP and AXS tokens or the Axie NFTs.

Furthermore, the Play-to-Earn presented itself as a revolutionary approach aimed at allowing users to monetize the time spent in the virtual world. However, no reassuring approach on token design has been revealed to the crypto community till date.

Various features of the Axie Infinity (AXS) game cast doubt on its reliability. So far, there is no evidence that the system behind this Play-to-Earn game is sustainable. Axie Infinity (AXS) could be a Ponzi scheme collapsing at any moment.

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