Axie Infinity is one of the newest play-to-earn games taking the gaming world by the storm. Since the game allows players to convert their in-game earnings to cash, everyone, both young and old, wants to participate in the game.
As more people show interest in becoming part of the game community, different settings, many of which are not organized by the developers, begin to spring up on the internet. One of the primary objectives of these platforms is to create an online community where Axie Infinity players can interact without the constraints of location and time. One of the most recognized amongst these platforms is Axie Infinity Guild.
What is Axie Infinity Guild?
Axie Infinity guild is a community of individuals who team together to help players maximize the profits they can earn from the NFT digital pets called Axies they own. in order words, it is a platform that allows players of different levels of experience to interact to gain more knowledge on how to play the game and how to make more profits with their Axies. An Axie is a Pokemon-like creature you send to battle.
Summarily put, Axie Infinity Guild consists of two major divisions: the managers that buy, breed, and control the Axie and the scholars who come to either rent or loan those creatures for ready players to explore the game.
To make more profits in Axie Infinity, you must win several in-game battles and complete many other complex tasks to earn Smooth Love Potion (SLP) tokens. These tokens have a real value that you can convert to cash. However, you can spend them on breeding Axies for more profits. When you breed a monster, you create a new Axie. An Axie, as an NFT, has its real value both in the video game and in the real-life open market.
How about scholarships?
Another important reason for creating Axie Infinity Guild is to offer scholarships to players who lack the resources to buy the three starter Axies they would need to start playing the game.
Scholars are aspiring players who do not own an Axie to play the game. So, instead of folding arms while the opportunity to make money passes them by, they rent Axies from managers in the guild to play the game. In return for the favor, scholars will have to pay managers a certain agreed amount when he starts to make profits with the Axies.
In this scholarship concept, both parties win. Then scholar starts to play the game without investing money to buy his first team of Axies while managers sit down and relax, bearing in mind that their Axies are yielding profits.
Axie infinity guild can frequently offer some other unique benefits to the players participating in Axie Infinity for the first time. The guild can also guide players on utilizing their skills to make more money. In a nutshell, the Axie infinity guild is all about giving support, directions, and making new friends in the game community.
Axie infinity uses cryptocurrency. Hence, a scholar can earn a good amount of SLP tokens to purchase their Axies and choose to continue playing the game or move to become manager and start to lend out the Axies within the guild.
Summary of the Axie Infinity guild membership
- Scholar: An individual who creates time to play the game actively.
- Manager: The person who manages the scholar
- Owner: An individual who bought a digital pet called Axie. An owner can also become a manager, and in some cases, it might be two different functions performed by two separate individuals.
- Guild: This refers to a community consisting of scholars, owners, and managers. This community usually has specific rules and regulations in the form of a written constitution guiding the policy if play and split of profits.
How do guilds split SLP tokens with scholars in Axie Infinity?
Now that you have discovered how profitable it could be for you as a player to be of the Axie infinity guild, your next question should be, how much split can you get as a scholar? Well, the split differs from one guild to another. However, on a general note, two to five entities are always involved in sharing the splits. They are:
Typically, scholars can expect about 60% – 70% of the share. They are active determiners of the income as how many tokens will be earned depends on their skills, strategies, and time commitment. Some guilds may take a huge cut and then split it between members, with owners taking a larger share.
Guild can pay scholars in three primary ways. Scholars will get their percentage share from the token earned after a rental period lapses in these three ways. Depending on the written rules and regulations of the guild, scholars can get their percentages immediately or wait till a set date. Some guilds can even put scholars on a monthly payroll. The three different ways scholars can get paid includes:
- Guild can transfer SLP directly to the scholar’s wallet.
- Guild can transfer Ethereum (ETH) to the scholar’s wallet in the equivalent amount of the earned SLP.
- Guild can transfer local currency to the scholar’s bank account in the equivalent amount of the earned token.
It is the scholar’s responsibility to choose the preferred means of payment based on convenience. Meanwhi8le, in the practices of some guilds, the admin tends to propose their preferred means of payment. In this situation, the guild would have included their traditional mode of payment in the constitution given to scholars at the time of registration.
Whichever the case may be, the bottom line is that you can get every of your earned token as a scholar in a guild. And, it doesn’t have to take time before you convert your token to cash in your pocket. Click here to read about Axie Infinity: Cryptocurrency Trading and Gaming on NFT.
Registering with an Axie Infinity guild is an excellent way to make more money playing the game. You will also enjoy many benefits, which include learning how to play the game, getting connected with veteran players for support, having a full opportunity to become a manager within a short time. Indeed, you should join a reputable Axie Infinity guild to double up your chances of amassing a fortune through the game.