Axie Infinity will airdrop a new Ethereum-based gaming token called bonded AXS, or bAXS, to eligible AXS stakers and players of its upcoming land game, developer Sky Mavis said.
The airdrop will distribute 100,000 bAXS tokens, backed one-to-one by AXS, to wallets staking at least 10 AXS based on a snapshot taken on Feb. 5.
“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,”
Said Sky Mavis, co-founder Jeffrey Zirlin.
The new bAXS token will function like AXS for breeding, upgrading and marketplace activity, but is designed to specifically incentivise in-game spending within the Axie economy.
Additional bAXS distributions will be made to players of Terrariums, Axie Infinity’s forthcoming land-based game, which is expected to launch in the second quarter.
Zirlin said bAXS and AXS will gain new utility in Terrariums, including purchasing consumables and power-ups for axies and land assets.
The launch follows a volatile period for AXS, which has risen 57% over the past month but remains about 99% below its 2021 all-time high after Axie’s play-to-earn boom faded.
At the time of reporting, Ethereum price was $2,146.30.