Introducing Axieconomy by MetaLabs

5 min readJan 16, 2022

Welcome to Axieconomy by MetaLabs — a community controlled and decentralized collaborative with decision-making mechanisms for sustainable funding. The Nr. One Scholarship provider which aims to support the play-to-earn models and their ecosystems.

Axie Infinity is our first operation which introduced the first play-to-earn model in 2018 which made a tremendous entrance in the Blockchain space, with almost 2 million active daily users and over 1 million Ethereum in sales.

Our ambition with Axieconomy reaches much further — our platform will act as the instrument for different parties which benefits investors, gamers and play-to-earn projects. Axieconomy generate revenue from existing play-to-earn models and in-game assets with the aim of strengthening their ecosystems.

Our goal is to introduce anyone with the reward systems from these play-to-earn models which is for the best interest for investors without the need of research, playing or setting up any account. And for gamers, Axieconomy will offer the most in-game competitive assets.

In other words, Axieconomy bridges the gap between investors, gamers and education

Strategies

The economy of Axie Infinity is entirely controlled by the players. The developers of the game focus on growing the player-to-player economy rather than selling game items or copies. Axies are created by players using in-game resources and sold to new/other players on the marketplace.

I happily played World of Warcraft during 2007–2010, but one day Blizzard removed the damage component from my beloved warlock’s Siphon Life spell. I cried myself to sleep, and on that day I realized what horrors centralized services can bring. — Vitalik Buterin

The current in-game activities are the following;

Battle: In the current battle form, Axies can battle against each other to level up and evolve earning SLP after winning battles (PVP/PVE).
Breeding: Players can use SLP to breed new Axies that can later be used in battle or to generate profit on the marketplace.
Land: Homes and bases for all Axies, which can be upgraded over time using a variety of resources and crafting ingredients. Land owners can create their own games on these land plots.

Axieconomy will take advantage from these in-game activities in mass quantities to create revenue passively. All the revenue generated from in-game assets are shared among our participants.

The AI Stake-Pool

The AI stake-pool is implemented via a NFT stake contract deployed on the Binance Smart Chain Network. The revenue generated from in-game assets will flow directly into the AI stake-pool and shared among the participants.

Introducing the Stake-to-earn model from Axieconomy is strongly integrated with existing Play-to-earn models. We will create a platform which, on a large scale, creates long-term employment opportunities such as scholarships. These scholarships are funded by investors, traders and gamers who purchase and stake Axieconomy NFTs for rewards.

Axieconomy will act as the middleman for providing scholarships on a large scale. Axieconomy takes responsibility for management, creates long-term employment opportunities and shares the revenue with the stakeholders.

To participate in the AI stake-pool participants need to stake Axieconomy NFTs which can be bought in February on our official website: https://axieconomy.io/minting

The AI Vault (Treasury)

But first things first, to create revenue we need to create capital. The Axieconomy NFT and Token model are designed to create a continuous capital flow that fuels the AI vault. The capital is allocated to purchase competitive in-game assets within the Axie Infinity-verse.

These competitive in-game assets are loaned out to scholars who invest time and skill to generate tokens and in-game assets. These tokens and in-game assets are split 50% with the scholar and 50% is shared among the participants from the AI stake-pool (30%) and the Axieconomy foundation (20%)

The continuous capital flow creates a compounding effect which is beneficial for the Axieconomy ecosystem and the participants.

Token Model

Axieconomy token is a governance token which support and fuels the play-to-earn models and the Axieconomy Ecosystem.

Key features

Trade tax: For every buy- and sell investors and traders need to pay 10% tax in total. As a decentralized collaborative, this tax revenue will both benefit the ecosystem of Axieconomy as well as the token holders supporting it. From every trade 5% will be distributed to the AI-vault and holders receive 5% in SLP-tokens.

The tax is the most important feature of the Axieconomy contract. The tax fuels the AI-vault which is beneficial for all participants in the long-run. The continue capital flow into the AI-vault will lead eventually to a compound effect.

Governance: The token acts as a governance where holders can submit proposals and vote in the Axieconomy DAO. During each treasury period, project proposals are submitted, discussed, and voted for.
Axiecapital: The Axiecapital is the Venture Capital of Axieconomy. Axiecapital supports and invest in innovative, revolutionairy start-up blockchain-games. More information on this will follow in Q2!

NFT Model

Axieconomy starts the sale of 5 unique NFTs on our official website. Every NFT represents its own value and unique artwork. To receive rewards generated by Axieconomy’s AI-vault participants needs to stake our NFTs.

Key features:

Stake-to-earn: Investors acquire revenue for staking Axieconomy NFTs in the AI-stakepool
Scholarship: Scholars are eligible for the scholarship program by staking Axieconomy NFTs
Collectible item: The NFTs are limited within their seasons and for every operation

Decentralized Autonomous Organization

Within the DAO voting portal, Axieconomy tokens holders will be able to participate. The DAO is a community controlled and decentralized collaborative decision-making mechanism for sustainable funding.