Tuesday, September 07, 2021

My Axie Infinity Journey and ROI / Profit Report

This post is progressively updating based on game update and my long term plan (July 2021 started playing)

Do your own Research (DYOR) and Try at your own Risk (TYOR)

Axie Infinity is a NFT (non-fungible token) -based online video game developed by Vietnamese studio Sky Mavis, which uses Ethereum-based cryptocurrency AXS and SLP. I started playing Axie Infinity in mid-July 2021 only after I finished my 10-days quarantine coming from Seven months America Pandemic Adventures Solo Trip last June 2021. It's my 1st time also engaging in cryptocurrency type of process. I need to workout my savings and venture on any manageable passive income since job application in aviation industry is difficult during this pandemic times. My attitude towards this kind of investment is moderately aggressive. 

How to Start Playing Axie Infinity:
1. Create Binance account. Convert your desired bank account money to Etherium (ETH).
2. Create Metamask wallet account. Withdraw the ETH from Binance and transfer to Metamask.
3. Create Ronin Wallet account. Withdraw the ETH from Metamask and transfer to Ronin.
4. Install Axie Infinity and bridge your ronin account. ETH will read as WETH.
5. Buy your best Axies only in Axie Infinity Marketplace

My Newbie Tips I learned on my Axie Infinity Journey:
1. You should know the basics of cryptocurrency market (Etherium Network gas fee is very expensive) especially if you have tight budget. There are lots of youtube tutorials available even in Filipino language.
2. For Starters who wish to know the Axie Infinity basics, please click here and here.
3. Do not buy any Axies yet unless you are confident enough of your knowledge especially the process from your bank account up to grinding SLPs and from SLP earnings back to your bank account. Again, lots of youtube tutorials are available. 
4. Even though expensive, buy your Axies only inside the Axie Infinity Marketplace, there are lots of scammers looting around.
5. As of Sep. 2021 and if the game doesn't change the SLP Daily Quest mechanics, there will be a daily minimum gain of 75 SLP. Imagine if you have decent Axie team and on 30 days straight, the minimum monthly gain is 75 SLP x 30 days x 6 PHP / SLP = 13,500 PHP / 270 USD.

My Axie Infinity Journey and ROI / Profit Report

Issues Encountered while Playing Axie Infinity
1. Due to the hype as the No. 1 NFT Game, my initial investment of PHP 100,000 is only 0.88756 ETH (1 ETH = 108,000) on the day I started playing. Thus, I failed to buy my ideal Axies.
2. Just immediately day after I bought my Axies, there was a week of Server Maintenance. Thus, my average SLP on my 1st week was below 50.
3. Even though I don't have a perfect Axie team, I managed to win the Arena at 5 of 10 Energies.

How to Transfer Profit (SLP) from Axie Infinity to your Bank Account (Sept. 2021 update):
1. Claim SLP on your Axie Account, then transfer to your Ronin Wallet (no gas fee).
2. Bridge your Ronin Wallet to your Binance.com via "Deposit" in "Fiat and Spot" section. Please replace the address prefix from ‘0x’ to ‘ronin:’ (this instruction is also posted on your Binance account. Gas fee is FREE OF CHARGE (as of Sept. 2021)
3. There are three ways to do when your SLP is already in Binance account; (1) directly sell SLP in P2P or (2) trade SLP to USDT then sell USDT to P2P or (3) send your SLP to "Binance Earn" while HODL (waiting for SLP to pump, price go high).

Two Ways to Earn SLPs while Holding:
1. Keep in Binance Earn (Flexible Savings) with 1.99 SPY
2. Spot trade in Binance Trading 
3. My Recommendation: Do not HODL Farm Tokens like SLP, exchange it immediately with other stable alt coins then HODL.
4. Use the Ronin-based farm Katana.RoninChain and Axie Infinity Staking

My Axie Infinity Journey and ROI / Profit Report

My Axie Infinity Journey and ROI / Profit Report

My Axie Infinity Journey and ROI / Profit Report

My Axie Infinity Journey and ROI / Profit Report

My Axie Infinity Journey and ROI / Profit Report

My Axie Infinity Journey and ROI / Profit Report

My Axie Infinity Journey and ROI / Profit Report

My Axie Infinity Journey and ROI / Profit Report

My Axie Infinity Journey and ROI / Profit Report

My Axie Infinity Journey and ROI / Profit Report

My Axie Infinity Journey and ROI / Profit Report (claimed 12-Aug-2021)

From your Ronin Wallet, please replace the address prefix from ‘0x’ to ‘ronin:’ (GAS FEE IS FOC)

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