- Staking axie infinity how to#
- Staking axie infinity download#
Staking axie infinity download#
Download the Ronin Wallet Chrome extension or the Ronin Wallet Firefox extension.
Staking axie infinity how to#
Here’sHere’s a step-by-step guide on how to set up your Ronin Wallet. This wallet, which comes as a browser extension, allows you to store, send and receive RON, RRC20 & RRC721 standard tokens in the network. The Ronin Wallet is used for the Ronin Network and was built by the Sky Mavis team, the creators of Axie Infinity. This wallet helps you access RRC721, RRC20, and RON tokens.
Ronin Wallet is part of the Ronin Network built by Axie Infinity’s creator Sky Mavic. Once you have bought AXS, you need to set up a Ronin Wallet to be able to stake on Axie Infinity.
Sign in to the exchange and buy your tokens. Sign up for a wallet where you will store coins you have bought from the exchange. Identify an exchange that supports AXS, and create an online account on it. However, most of these procedures will follow the steps listed below. Different exchanges have slightly different procedures for buying AXS. Since AXS is a cryptocurrency, you can easily buy it on crypto exchanges like, Uniswap, FTX, or Binance. The first step towards taking Axie Infinity is to have the AXS you need to stake. This section will break down each part of the AXS staking process, so read along to understand precisely how it works. The staking process on Axie Infinity is a four-part process that involves buying AXS, setting up a Ronin Wallet to send AXS to, creating a Ronin Bridge, and finally, the process of staking the AXS. The AXS token is an ERC-20 token, meaning it is built on the Ethereum blockchain. On Axie Infinity, you will stake a native token called Axie Infinity Shards (AXS). Staking tokens helps make the blockchain secure, and for this, you earn rewards and get governance rights, which is a chance to make decisions on how the game is run. 
Typically you take your tokens and lock them up in a staking account for 10 to 90 days. It is a lot like putting money in a high-interest-generating savings account. Staking on Axie Infinity refers to locking up tokens to earn rewards. Start Trading Binance Review What Is Staking on Axie Infinity?
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