Playing axie infinity could be seen as an honest and good-paying job for Filipinos in the Philippines or any developing countries or third world countries.
What is Axie Infinity?
Axie Infinity is a digital pet universe where players battle, raise, and trade fantasy creatures called Axies.
What are Axies?
Axies are fantasy creatures that players can battle, collect, and raise.
Each Axie has different traits that determine their role in the battle.
How can Filipinos in the Philippines use this game as a good-paying income?
I have a good explanation of this in Tagalog if you want to watch the full tutorial, tips, and tricks about earning in playing axie infinity.
You can watch the videos here for part 1 and here for part 2.
What I’m going to show you today is a summary of how to earn with axie infinity.
If you don’t know about crypto or have any questions regarding crypto, just contact me by commenting on this post or by contacting me using the “contact us” link.
Ok, let us start.
There was an article saying that people in the Philippines are earning 2000 pesos daily or 10,000 pesos weekly by just playing this axie infinity game.
I know that some people can play mobile legends all day and all night. So why not just channel that into playing axie infinity instead.
People also pay money to buy stuff for their game and their only return is the satisfaction of playing that game.
What if the game will return the favor in the long run and will keep paying you while playing the game. Imagine earning money while playing a game.
In axie infinity it is possible.
In this game, you have to spend money first. I know, I know, but think of it as buying a game that will reward you in the long run, both in the satisfaction of playing the game and earning money.
The good thing about this is that, once you earned the money you used to buy your axies, all the money that you will earn in the future are all profits. Yes, all profits.
So what will be the time frame before you get your capital back?
This depends on the axies that you bought. People will buy more expensive axies because those axies might have better abilities when battling in an arena or player versus player.
Let us say you are on a budget. We will say your budget is 5000 pesos and try to buy 3 axies with that.
At today’s price 14 of October, the cheapest price of an axie is $23. You will need 3 axies so that will be $23 times 3 equals $69.
When buying axies you will have to spend on gas fees as well. When I was doing the tutorial, the gas fees were very high and I was paying about $10, so that $30 already with the 3 axies.
So it is better to wait for the gas fees to go down which it will. The last time I checked it was less than $5.
High gas fees are always the problem with ethereum based platforms, that is why the developers of this game are making an update so that gas fees will be minimal.
So if we bought 3 axies for $23 each using $5 gas fees each transaction, we will be out of pocket by $84 or 4,200 pesos.
Looks like that 5,000 pesos budget is feasible.
Okay, so we bought our axies and downloaded the game.
There are 2 types of this game, one is the adventure where you can battle your way through levels of the game.
Each level can give out SLP or small love potion which can be swapped with ethereum in uniswap.
As you progress on the levels the SLP you get will increase. On levels 1 to 6 the SLP you get is only 1 and from level 7 to 9 is 2.
The trick is to repeat all levels until it will not give out SLP anymore. This tactic is very helpful when your axie is still on low experience points.
The only catch with this is you are only able to win 100 SLP per day on the adventure mode. You have to wait again the next day to reset.
However, you can still play the adventure mode even if you already reached that maximum of 100 SLP. You might not get more SLP but you are gaining experience points for your axies.
The second type is the Arena where you play against other players. This used to be unlimited where you can play arena all day all night, but now, they implemented an energy system where you get 60 energy and you will use 1 energy to battle in the arena mode.
Don’t dismay, because your energy is replenished by 5 energy every 2 hours. This will at least give you a break from playing.
The arena is the reason why other players want to buy more expensive axie because those axies have better abilities, which have a better chance of winning battles in the arena.
You can win about 3 SLP per battle win and sometimes 7 SLP per win and have a chance to win some DAI tokens as well.
There are also some quests that you can do to earn more SLP. There is the daily quest where you are required to check-in, win 10 battles in the adventure mode, and win 5 battles in the Arena mode. This daily quest will earn you 50 SLP.
So how can we make money from this?
We bought our axies and spent about 5,000 pesos or around $103. Now we aim to play the game to earn some SLP and sell that SLP to recoup our capital.
Because our axies are on a budget, which means cheap, we will only look at the best possible earning scenario per day.
These will be 100 SLP from the adventure mode, 50 SLP from the daily quest, and 5 SLP from the arena. A total of 155 SLP per day. If you kept playing the arena you will be able to earn more for that day.
But for this scenario, we will only assume that we are only winning 155 SLP per day.
At today’s rate, SLP or small love potions are worth $0.028.
Our 150 SLP will be $4.34
If we do this every day, how many days will it take us to recoup our capital of $103?
That will be 103 divided by 4.34 equals 24 days or 1 month.
After a month, you will have recouped all the money you spent on buying your axies.
Do you know what that means?
Now all the money you will earn from playing this game will be pure profit. If you continue doing or winning 155 SLP daily then in a month you will have 5000 pesos in your pocket. That’s a 5000 pesos per month income.
And that is not the maximum you can earn. You can earn more if you keep playing and winning more battles in the arena mode.
Also, they will be including more quests, so that means more ways to earn easy SLP if the arena is too hard.
You must be wondering what are these SLP or small love potions that you are winning in the axie infinity game.
SLP or small love potions are tokens that you can swap with ethereum then exchange it for any other digital coins or dollars or in pesos.
Most US residents use coinbase to buy and sell digital coins and connect their bank account to be able to cash out those digital coins in US dollars. Use the links in the description below.
Coinspot is for Australians, you can transfer money to your account using POLI, bank transfer, BPAY, and so on. You can also withdraw your money from your coinspot account straight to your bank account. Use the links in the description below.
Coins.ph is for the Filipinos in the Philippines. You can cash in or cash out to your coins.ph account using bank transfers, pera padala like Palawan express, 7/11 stores, GCASH, and so on. Use the links in the description below.
So you are new to cryptocurrency and want to try this axie infinity?
First, you will need an account with an exchange in your country that will let you buy and sell cryptocurrency using your country’s currency. For example, coinbase for US residents or coinspot for Australians, or coins.ph for the Philippines.
Secondly, put some money into your account which is worth $103 US dollars or 5000 pesos. After you put some money in your account use that money to buy ethereum. Remember, prices for these digital coins like ethereum go up and down. The given amount are just examples and are good at the time of making this tutorial and review.
Thirdly, go to metamsk.io and install metamask on your computer or laptop. Metamask is a digital wallet where you can store ethereum or any etheum based tokens ERC20 token.
After you installed the metamask, create your account. There are plenty of tutorials on the internet on how to install and use metamask.
Fourthly, go to axieinfinity.com and your metamask should try to connect to it. Create an account with axie infinity by entering the email address and password for that account and connecting your metamask. Once your metamask is connected go to the market to buy your axies. Remember to keep an eye on gas prices.
Step 5. Click on the download community alpha from the axieinfinity.com website. This will give you the option to install the game on your pc / laptop, ios phone or tablet, or your android phone or tablet.
After you installed the game on your pc, phone, or tablet, log in using the credentials you used in your axieinfinity.com account. Your email address and password.
Step 6. Enjoy playing the game while earning SLP or small love potions.
Step 7. Once you have earned enough SLP you can synchronize it to your axie account and your metamask account. Remember, doing this costs a gas fee. So it is better to accrue more SLP or don’t synchronize if you don’t need to sell. There is no point synchronizing $4 worth of SLP if your gas fee is $5.
Step 8. Go to uniswap.org and swap your SLP to ethereum. After the swap, your ethereum should be in your metamask as well.
Step 9. Transfer your ethereum from your metamask to your exchange account ethereum address. Then sell your ethereum to your country’s currency.
That’s it. Enjoy the game and enjoy earning.
This is not financial advice or investment advice. Everything we cover here is my experiences, opinions and what I would do. Please do your own research.