We are thrilled to announce that today CoinLoan has added support for one more token — meet AXS!
What Is Axie Infinity (AXS)
AXS was founded in 2018 but released in the market in November 2020. As of October 2021, AXS is in the top 30 by market cap with a $7.16B overall value. Axie Infinity is a blockchain-based game, which is partially owned and operated by its players. The game lets you breed, raise, battle, and trade token-based creatures called Axies. The concept is inspired by Tamagotchi or Pokemon.
AXS holders can get rewards by staking tokens and playing the game. Players can also get AXS by playing games in the Axie Infinity Universe. AXS token is accepted in the Axie NFT marketplace and determines eligibility for participation in the Axie team’s sales or auctions.
What You Can Do with AXS on CoinLoan
- Instant Loan — borrow stablecoins (USDT, USDC, TUSD, PAX), fiat (EUR) or crypto (BTC, WBTC) at 5.5% APR and make AXS your collateral;
- Interest Account — park your AXS on CoinLoan and get interest accrued daily and credited monthly: we offer 1% APY that can raise to 3% by staking CLT, our native token;
- Instant Crypto Exchange — buy, sell or swap AXS easily at beneficial rates with CoinLoan.
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The information provided by CoinLoan ("we,” “us” or “our”) in this report is for general informational purposes only. All investment/financial opinions expressed by CoinLoan in this report are from the personal research and open information sources and are intended as educational material. All outlined information is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information in this report.