The airdrop will consist of 100,000 bAXS tokens—backed 1:1 with its existing AXS token—and will be distributed to wallets that have staked at least 10 AXS, or about $16.90 worth of the existing Axie Infinity ecosystem token. Among those who have staked 10 AXS, their Axie Score and the amount of staked AXS will impact a player’s airdrop allocation.
When launched, bAXS will act exactly like the game’s original token, allowing players to evolve and breed axie monsters and spend it on the secondary marketplace. However, the new bonded token will specifically encourage and incentivize use within the game’s economy, the game says.
A new token is coming to Axie!
Introducing bAXS, Terrariums, and TWO Airdrops 🧠
Axie is evolving. Again.
The AXS token has powered in-game rewards, secondary marketplace transactions, axie evolutions, and more for years.
“A majority of current AXS spending is via Axie core, the system that requires axie upgrades in power to come at the cost of additional AXS spend,” Sky Mavis co-founder Jeffrey Zirlin told Decrypt.
“For example, every time I want to upgrade the power of an axie body part, I need to spend AXS,” he said. “Continuing to flesh out utility for part upgrades (we call it part evolution) will increase the need to spend bAXS in the ecosystem. With Atia's Legacy and now Terrariums on the way, we expect demand for these upgrades to surge.”
Aside from the first airdrop, bAXS will also be distributed to players of the game’s upcoming land-based game, Terrariums.
“Think of Terrariums as the foundation of Axie Core: A place where axies live, grow, and earn through mini-games, expeditions, guilds, territories, accessories, collectibles,” an official description notes.
With the launch of Terrariums, Zirlin also expects more AXS and bAXS spending.
“AXS (and by extension bAXS) will have new utility in the Terrarium system, where you can imagine them being used to purchase things like consumable power ups for terrariums and axies,” he told Decrypt.
The land game’s launch is expected sometime in Q2, after the launch of bAXS and two separate bAXS airdrops—the second of which has not yet been detailed.
