Axie Infinity, Bonded AXS "bAXS" released - a dedicated token within Axie for breeding, rune forging, and staking.

Sky Mavis, which operates Axie Infinity, has announced a new token called 'Bonded AXS (bAXS)'.

Since it holds the same value as the existing AXS, it cannot be sold or transferred to separate wallets outside. The usable locations are only within the Axie universe—limited to activities within the ecosystem such as breeding, land creation, and staking. The long-standing Play-to-Earn model is designed to 'quickly sell off' as a structure that can be changed from the planning stage.

Axie Infinity is a groundbreaking existence in the blockchain gaming world that has rapidly grown. However, within that, the Play-to-Earn model has fundamentally become a trend.

The issue's structure is simple. Players engage in token trading and sell in external markets. As that trend continues, the value generated in the game flows outwards. When new players enter, the value can be maintained, but growth stagnates and selling pressure remains. If the value decreases, players will leave, and the economy will shrink. In the industry, this cycle, referred to as 'Earn-and-Exit,' has been discussed as a long-standing weakness of Play-to-Earn.

bAXS is a token designed to break that cycle.

The greatest feature of bAXS is that it cannot be released outside. Even sending it through a wallet is not possible, nor can it be distributed at a receiving location. It can only be used by entering AXS through the hands, and it functions as a resource that generates power in the world of Axie.

"Cannot be sold" can be seen at a glance in the description, but at the same time, it also implies that it "cannot be a target for investment." Even if it cannot be directly connected to external locations, the short-term price fluctuations in the market can still affect the experience of the game.

While it is possible to convert bAXS back to AXS, there are certain conditions and evaluation of the liquidity involved. Moreover, it is not about moving money, but rather the participation metrics in the game that are questioned. In the long run, the deeper relationships formed will become beneficial.

bAXS is not something that can be obtained by sleeping. Axie breeding, assembling, enhancing parts, and crafting items are all directly related to the game's competitive nature and can lead to expenses. It is a configuration that allows for strong investment steps.

By also responding to staking, you can participate in governance and gain rewards. Not only can you hold it, but you can also make decisions related to it—such configurations have been arranged.

When using bAXS for breeding or crafting, tokens are consumed within the game. If the flow can be maintained internally rather than leaking outside, the competitive advantage gained through supply will not be lost.

Play-to-Earn has become a genuine concern, as the moments when 'grinding' becomes the goal and 'playing' is relegated to a secondary position are evident. If profits decline, people will leave. The charm of community diminishes as the game shrinks.

bAXS, through a regulation that prevents excessive production of resources, aims to redirect the trajectory of players towards the game. Rather than relying on exchange rates, the focus should shift to enhancing competitiveness, and it is also possible to directly design those routes.

The high investment in ecosystems ultimately leads to gaining through future value exchange, and it is an attempt to make the 'rational choice' rather than a short-term sell-off, favoring longer play. It is not just about determining participation above or below the price, but also about the reasons for participation in the game experience—bAXS is aiming for that.

In the context of token economics, higher liquidity generally leads to better asset performance. However, if that liquidity becomes too high, it can lead to a decline in the utility of the token. The tokenomics of external markets can fluctuate based on the intrinsic value of the game and other reasons for value fluctuations.

bAXS is designed to optimize liquidity by establishing a foundation for value in the question of 'how to position oneself in the game.' As demand arises from its usability, and expenses are incurred, supply is absorbed—this is the goal of creating that environment.

This is not just an addition of simple functions, but rather an attempt to directly structure the core of the economy. By considering the token design of blockchain games, it may become a case study for the entire industry.

Axie Infinity has experienced explosive growth in the past, along with rapid declines, creating a volatile market landscape. The introduction of bAXS is a step towards building a sustainable ecosystem that aims to drive engagement and encourage players to take action.

Compared to external value, the internal dynamics are significantly influenced by the community's activity. If the player base creates value and that value continues to flow back into the game, the ecosystem's sustainability will likely increase.

The transition from 'Play-to-Earn' to 'Play-and-Own' and 'Play-and-Participate'—this shift in terminology indicates the direction in which the blockchain game is heading. bAXS is a concrete step in that direction.

In practice, measuring effectiveness starts from this point. The bAXS adoption rate, the token's circulating supply, and how expenses for growth and crafting change—these numbers are crucial, and the effectiveness of this design will depend on them.

The industry is still observing the direction indicated by Axie. It can emerge from short-term profit models and create a long-lasting economy. The future of bAXS is something to consider, but it will also be a test of its resilience.

Axie Infinity Official Blog: https://blog.axieinfinity.com/p/baxs-is-live
Axie Infinity Official Site: https://axieinfinity.com/
Sky Mavis: https://skymavis.com/