Axie Infinity Introduces Governance Portal and Axie Score System
Axie Infinity Introduces Governance Portal and Axie Score System
Axie Infinity, the popular web3 game developed by Sky Mavis, has recently launched the Axie Governance Portal and Axie…
The post Axie Infinity Introduces Governance Portal and Axie Score System appeared first on NFT Plazas.
Axie Infinity, the popular web3 game developed by Sky Mavis, has recently launched the Axie Governance Portal and Axie Score, providing players a platform to participate directly in the game’s decision-making processes. By connecting their Ronin Wallets and staking $AXS tokens, players can now vote on important proposals that shape the future of Axie Infinity.
The first proposal, AIP-001, focuses on enabling enhanced delegation of Axie assets through a hard fork on the Ronin network. This proposal also includes infrastructure enhancements to facilitate future upgrades without additional hard forks.
Voting for AIP-001 opens on May 20 at 7:00AM UTC and closes on May 27 and in order to participate, players must stake their $AXS tokens before a snapshot is taken at 1:00AM UTC on May 20.
Source: Axie Infinity
More Contributions Equals More Voting Power
Complementing the Governance Portal is the new Axie Score, a point system designed to reflect a player’s contributions to the Axie Infinity community. The first pre-release version is calculated based on four main categories:
In-game Performance: Reflects a player’s activity and achievements within the game.
Contributions to the Treasury: Includes activities that generate revenue for the Axie Community Treasury, such as Axie part evolution and releasing Axies.
Community Contributions: Measures a player’s involvement and value added to the Axie community.
Axie NFT Holdings: Accounts for the diversity and number of Axie-related assets a player owns, including Axies, land, etc.
Each player’s Axie Score influences their voting power in the Governance Portal. The score is updated in real-time until the snapshot on May 20, after which voting power will be locked for the duration of the vote. At the end of the voting period, players will be able to check in and see the final results.
Source: Axie Infinity
The Axie Infinity team is committed to refining both the Axie Score and the Governance Portal based on community feedback and players are encouraged to share their suggestions and join the Contributor Program to help shape these tools’ future development.
For more details about Axie Governance Portal and Axie Score, interested participants are encouraged to visit Axie Infinity’s blog.
*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
Hey there, I'm Rhys, the driving force behind this blog. I'm not your typical blogger; I bring a unique blend of tech expertise and storytelling finesse to this digital space.
From HTML and CSS to the MERN stack and beyond, I'm all about making the tech world accessible. I also wear the hat of a skilled writer, weaving complex concepts into engaging narratives.
Here at codetechies, you'll find a mix of Health, Lifestyle, Business, Technology, Latest News, Sports, SEO, Travel, Science, and Politics. It's not just code; it's the stories tech tells.
When you read my blogs, you're embarking on a journey with me. I'm dedicated to delivering valuable and engaging content. Your satisfaction is my ultimate goal, and I'm here to answer your questions, spark discussions, and provide the best content possible.
So, welcome to Codetechies, where tech meets creativity, and where my passion for web development and writing combine. Let's explore, learn, and engage together!