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Axie Infinity token AXS gains 40% after taking steps to avoid ‘permanent economic collapse’ Axie Infinity token AXS gains 40% after taking steps to avoid ‘permanent economic collapse’
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Axie Infinity token AXS gains 40% after taking steps to avoid ‘permanent economic collapse’

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The price of the Axie Infinity (AXS) token has surged by nearly 40% in three days. AXS rallied to over $65, its best level in more than two weeks, as Axie Infinity revealed a revamped reward structure for its player-vs-player (PVP) competition round. In detail, the play-to-earn startup expanded its number of leaderboard slots to 300,000 and boosted the amount of AXS rewards to 117,676 from the earlier 3,000 for the next season. “This will supercharge the competitive Axie scene and create more demand for quality Axie teams in the ecosystem,” Axie Infinity explained, adding that their move would create a $6 million worth of prize pool for Season 20. AXS/USD daily price chart. Source: TradingView Economic revamp boosts AXS demand AXS serves as a governance token for the Axie ...