OKEx Research: The out-of-the-box work of chain games and NFT, 5000 words explain Axie Infinity
OK Research
2021-08-17 18:10
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Axie Infinity project research report.

1. Project background

1. Project background

Thanks to the development of Ethereum scalability (such as Layer 2 or side chains, etc.) and the combination of Play-to-earn, NFT and guilds, encrypted games will achieve breakthrough development in 2021. As a result, Axie Infinity, the recently popular star encryption game, was born.

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2. Project introductionAxie Infinity is a popular game on Ethereum that allows players to collect, breed, raise, fight and trade token-based creatures called Axies. It currently holds 140,000 Axies, each with unique characteristics that determine how the Axie behaves on the battlefield. Each Axie is a non-fungible token (NFT) with different properties and benefits.It is worth mentioning that the income of the game Axieinfinity surpassed that of King of Glory.3 timesThe threshold is about 1500 US dollars

The amazing data of 250,000+ daily active players can be achieved under the premise of , making it a masterpiece of blockchain games and NFT.

secondary title3. Participation methodsAnother important reason why Axie Infinity can gain popularity quickly is related to other

Low threshold, easy to operate

  • properties are related. Three simple steps: 1) Install the on-chain wallet, 2) Purchase the corresponding ETH, 3) Log in to the official website and successfully download and enter the game.

  • The specific operation method is as follows:

  • Open Google Chrome and search for "OKEx Chain Wallet" and "Ronin Wallet" in the app store and download them, and create your own chain wallets in the two wallet plug-ins respectively.

  • Go to ouyi OKEx (ouyi.run) to buy 0.5 Ethereum (ETH) and withdraw cash, and transfer the money to your own OKEx chain wallet through chain transfer.

  • Click on the cross-chain bridge in the official market, cross-chain the ETH in the wallet on the OKEx chain to the Ronin Wallet and buy 3 AXIE pets in the market.

Go back to the official website and click "PLAY NOW" to download the game and start playing.

4. Project profit

  • The profit of the project mainly comes from four ways: pet sales, land sales, market transaction fees and breeding fees.

pet sales

  • The team completed the initial sale of Axie pets in July 2018, raising 988.43 ETH.

land sales

  • The team began to conduct land sales on January 23, 2019, and a total of 4419.76 ETH was raised in the land sales.

market transaction fee

  • A 4.5% handling fee is charged for each transaction, totaling 22,329.9 ETH.

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Use ETH for reproduction before April 27, 2021, and each reproduction will consume 0.005 ETH. Start using AXS for reproduction on April 27, 2021. At the beginning, each reproduction will consume 2 AXS, and it will increase to 4 AXS in July. Up to now, 921.39 ETH and 12,016,051 AXS (about 122,893.65 ETH) have been obtained.

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  • 5. Economic Model

textETH/AXS/SLPproject token

ETH:Rather than saying that Axieinfinity is a good game, it is more like a good Defi project. There are currently 3 types of tokens involved in the Axieinfinity ecosystem:

SLP:. And all current economic activity attached to the game currently relies on two functions - fighting and breeding.The prerequisite for participating in the game is to have a team that includes 3 Axie NFTs. Axie can only be obtained in three ways: trading, incubation, and gifts. If novice players want to enter the game, they can only buy it with ETH through the store. At the same time, the seller who successfully sells Axie will bear 4.25% of ETH as a transaction fee. The only point of interaction between the entire game ecosystem and the external economic system is ETH, and the 4.25% handling fee between entry and exit can continuously improve the "pool" players' expectations for the value of the entire project and extend the life of the project to a certain extent. source. Of course, in addition to the 4.25% handling fee, players often need to bear a single handling fee of hundreds of yuan on the ETH chain and a cross-chain fee of hundreds of yuan. Non-blockchain industry users are not friendly. But this has not been a hindrance to more players joining, on the contrary, the game is currently thriving day by day.Whether it is man-machine battle (PVE) or player battle (PVP), you can get "small love portion" (that is, SLP token) rewards. There is a limit to the SLP obtained by each account every day. After the rules are revised on August 9, 2021, each player can obtain 50 SLP through PVE every day, and receive 25 SLP after completing 5 PVP victories and 10 PVE victories every day, which is a total of 75 SLP. It is worth mentioning that unlike traditional mobile games, where physical strength limits the number of games, Axieinfinity's daily games

AXS:The number of times is unlimited

, and the 20 points of "stamina" given by the system reset at 8:00 a.m. every day allow players to gain experience points through PVE when they have physical strength, or obtain SLP beyond the upper line 75 through PVP victories. The SLP obtained by players in the game is mainly used to breed a new generation of Axie NFT or to extract and sell directly. Maintaining daily SLP acquisition through the game and quickly reaching the purchase value of Axie NFT through the output of SLP (the current payback period is about 40-80 days) is one of the most important profit models in the game, and it is also one of the most important profit models for attracting a large number of players and funds The main reason for the influx into the game.To sum up

  • , the acquisition and consumption of related tokens in all projects are as follows:

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earnings delayIn the entire game system, there is a revenue delay mechanism in almost every link, which leads to higher silent costs for users, and the different mentality of users in different price trends during the currency price fluctuation cycle is also more likely to make users Break the original payback plan and continue to invest, and enter the next revenue cycle. There are mainly two aspects:(1) The acquisition of SLP requires the user

14 days after account openingIt can only be extracted, and the interval between each extraction and the next extraction is still 14 days. In fact, this is to use the user's expected value to lock the position in disguise, and it can also perfectly maintain the market value in the case of insufficient depth and allow more users to improve the price awareness of SLP.wait 5 days

  • Only then can we know the specific breeding results of the two pets. We compare this model to mining machine futures. In fact, it continues to lengthen the user’s silent cost during the process of increasing the price comparison and shortening the return cycle, so that in the process of currency price decline Reduce the shipment impulse of this part of users who have been trapped, so as to quickly enter the next Merrill Lynch investment clock cycle.

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Breeding and Token ConsumptionThe breeding of pets is an important part of the whole game. Due to the strong randomness, the "gambling" in the game is increased, and the huge price difference between pets begins from here. To figure out how to breed pets, you must first have a general understanding of what kind of pets are more valuable in the game.Pets in the game will have

9 different races:

Bird, Plant, Beast, Aquatic, Reptile, Bug, Dust, Mech, Dawn. There is a mutual restraint relationship between species. The specific racial restraint relationship is as follows:As shown in the figure, when a beast/insect/mech Axie attacks a plant/reptile/twilight Axie, the attack will increase by 15% on the original basis, otherwise it will decrease by 15%. When Beast Axie uses cards of the same type, the attack is increased by 10%. Example: When a bird-type Axie uses a card of the same type to attack a beast-type Axie, the attack value is 125% of the original. Among them, mecha, dusk, and dawn are mixed Axies, and there are no cards of the same series, so there are fewer players who use these three types of Axies.

HP, Speed, Skill, Critlife value

speed: AXIE may take maximum damage before being knocked down

speed: The order in which skills are used, in addition to determining the first and last hands will also be prioritized (high speed > low blood volume > high skill > high morale > low pet ID)

Skill: When the pet plays multiple cards at a time, it will cause extra damage (card attack * skill / 500)

crit

: Increases the pet's attack crit rate and makes it more likely to enter the final blow.

The 6 body parts of pets of 9 races will also affect the attributes of pets, the data are as follows:

Plant Parts: 3 Health + Crit

Beast parts: 3 critical hits + 1 speed

Fish parts: 3 speed + 1 HP

Bug parts: 3 critical hits + 1 HP

Butterfly parts: 3 HP + 1 speed

Bird part: 3 speed + 1 crit

Among them, the four parts of the pet's mouth, back, horns, and tail will determine the four skills of the pet. Skills are the core of the game. Of course, not all the 6 parts of pets belong to their own race. When there are parts of other races, we call it "mutation".

Speaking of mutation rules, each part of a pet is controlled by 3 genes, namely a dominant gene (D), a recessive gene (R1), and a sub-recessive gene (R2). Dominant genes determine the appearance of pet body parts.

When a pet breeds, each gene has a chance to be passed on to offspring with the following odds:

Dominant (D): 37.5% chance of passing this gene on to offspring.

Recessive (R1): 9.375% chance of passing this gene on to offspring.

Less Recessive (R2): 3.125% chance of passing this gene on to offspring.

Pets use their own race's skills for a small bonus. Of course, not all mutations are bad mutations. Some skill card settings in the game itself require specific mutations and form a linkage, which leads some people to deliberately match some pet skills with them in order to pursue stronger PVP capabilities. Mutation, although the probability of success is very low, but once it succeeds, it will be a sky-high price pet.The breeding process of pets also requires the investment of two tokens, AXS and SLP (the game update rules on August 11, 2021 require 2 AXS and corresponding SLP for breeding). Every time the same pet is bred, the next bred requires more SLP. Under breeding restrictions and by default, each pet breeds 7 times, and since inbreeding and breeding with its own parents cannot be performed, 2 pets can breed up to 7 pets, and 3 or more pets can breed no more. upper limit. The actual cost of breeding is affected by SLP and AXS prices.

Because lower prices lead to faster payback cycles. The fastest payback period of the game was once shortened to 25 days, which is the main reason why SLP tokens have been falling in the past two weeks.

  • In the face of great randomness and possible huge benefits, more users choose to breed pets, destroying SLP and AXS tokens during the breeding process, so that the output and consumption of SLP in the entire game basically maintain a dynamic balance (There are many pet owners who just don't have time for protracted Dailies).

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PVE mode

And the cultivation process added in this process will not only have practical and effective results, but also make players develop feelings for their pets, and they are even less willing to sell the relatively high-level pets they have trained, and also allow players to brush PVE. Behavior is more valuable.

  • Of course, it should also be mentioned that the higher the level of the account, the faster the PVE rewards will be. Although the daily upper limit is the same, the "part-time job" process of obtaining the same SLP may be 5-10 times faster for old players than new players. The setting of this model adds to the sense of superiority and accomplishment of old players, which is also one of the reasons why it can continue to attract more players and retain old players.

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PVP mode

Compared with other links, the content of PVP is relatively straightforward. PVP is the main channel to reflect the playability of the entire game and the superiority of players. The top 1,000 players in each season will be rewarded with higher AXS tokens. It is also an important reason for the emergence of the pet value system.

The latest season started on August 11th. If you win PVP with daily physical strength, you will get more SLP according to the current ranking points. The specific data are as follows:

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6. Game playability

Combat mechanics:

Simply having a good economic model is not enough. The game data in Axie Infinity is relatively balanced. There are various psychological games in the game and there are ever-changing styles of play and linkage effects:

(1) Attack value, shield value, blood recovery

Each skill card of a pet will have a corresponding attack value and shield value. After the game starts, the player needs to consume crystals to play the cards. In PVP, the player gets 3 crystals in the first round, and 2 crystals in each subsequent round. Point the crystal and draw 3 additional cards. When the pet is still alive, all the pet's skill cards will be multiplied by two to form a corresponding card library. Players will draw skill cards from the card library until all the cards in the card library are drawn, and the cards will be shuffled to enter the next cycle.

As long as the shield value is used in the round, it will be reflected on the corresponding pet immediately. If the shield is broken, the pet will not be harmed, and the attack power and special effects will be released according to the pet's action sequence. Therefore, judging the opponent's current round of cards and judging the cards based on the remaining physical strength of the pet and the special effects of the cards contains a very large psychological game.

(2) Various gains and debuffs BUFF

It is also very important to judge what special effects should be used according to different battle environments during the battle to help players gain an advantage. Knowing the special effects of the opponent’s pet skills and guarding against them is also one of the keys to winning the game. The specific introduction of all gain and debuff BUFF as follows:

(3) Card linkage

On the premise that the attack card has no special effect, the pet will give priority to attacking the pet standing in the front row, and if two pets are standing in the same row, the pet will attack randomly, which leads to different cards according to their own cards. And the various formations arranged, seemingly very small changes, may affect a round of cards in the entire battle. Even if it is only a few points of life, in card games, it will often cause a critical effect on the entire battle situation. Impact.

7. Summary

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7. Summary

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