Axie Infinity to Airdrop 100,000 bAXS Tokens to AXS Stakers (SNAPSHOT: Feb 5)

Axie Infinity (AXS) will airdrop 100,000 bonded AXS (bAXS) tokens to wallets based on a February 5 snapshot, with distribution tied to at least 10 AXS staked (about $16.90) and Axie Score. The tokens, 1:1 backed by AXS, will function identically within the game to evolve, breed, and transact on the secondary marketplace, with specific incentives for in-game spending and part evolution. “We expect demand for these upgrades to surge with the release of Atia’s Legacy and Terrariums,” said Jeffrey Zirlin, co-founder of Sky Mavis. “bAXS will also be distributed in a second airdrop when Terrariums launches in Q2.” AXS traded at about $1.55 as of February 4, up 57% in 30 days and down 35% in the past week from a late-January high of $2.92. The token is still roughly 99% below its 2021 all-time high of $164.90.