Axie Infinity announces the introduction of non-tradable token bAXS
Jinse Finance reported that Axie Infinity has announced the introduction of a non-tradable token, bAXS, which is directly bound to user accounts and backed 1:1 by AXS, in order to reduce inflationary rewards for real players. In addition, SLP rewards in Axie Infinity Origins have recently been adjusted to further curb inflation. As a result, some GameFi and metaverse sector tokens have seen price increases, with the leading tokens being: AXS is currently priced at $2.06, up 52.2% in 24 hours; RONIN is currently priced at $0.184, up 16.2% in 24 hours; SAND is currently priced at $0.1504, up 15.6% in 24 hours.
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