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Comment by himlion | Hacker News Reader

I'm heavily invested into axie (5 figures), happy to answer any questions.

Did you pay the $1,000 entry fee yourself or did you get a “scholarship” like the article mentions? How does one invest more than the $1,000 entry fee? Do you sponsor “scholarships”? How long ago did you start playing and how much time have you put into the game? What return (if any) have you made on your time/monetary investment? What return (if any) do you expect to make and over what horizon?

Thanks for agreeing to answer questions! I’m very intrigued!

Yes, I have about 100 "scholars" from the Philippines working for me. I put in about $30,000 a few months ago. Return has been 300%+

I'm also involved in breeding new axies which is more complex and time consuming. The return of that varies a lot, but can be very profitable, very hard to put a number on that but I'd say las few weeks it was probably 250% APR if you didn't get too unlucky.

I would probably cash out a lot of things, but I feel bad for making 100 people suddenly unemployed, so I will probably stop expanding but not actually selling off all my things.

Would you be interested in selling/handing off your 100/person team to someone else? Am in the crypto space working on some P2E gaming middleware apps and very interested in running and potentially expanding the the team/guild myself. casey @ mpa . land

Not OP, but about to enter and give a scholarship to a friend. There is no 1kUSD entry fee. What you need to enter is to buy three Axies/Pokemon. The starting point for this is nowadays near 300 USD, but buying a decent team is around 500 USD.

What is the source of the token rewards? Are the tokens pre-mined and then handed out based on games played on Axie’s servers?

Just trying to understand the innovation. Is it primarily that game rewards can be exchanged on chain, while the granting of the rewards is still centralized?

Two tokens:

AXS is the governance token and is premined, mainly held to fund the team, given out as rewards to players and given out as rewards for keeping AXS staked. Used for breeding new Axies

SLP is the token gained by playing the game, this token is also used for breeding new Axies. The game servers sign a message allowing you to claim the SLP from a smart contract on the ronin chain, this part is not completely decentralized.

Can I play this for free?

They are working on that feature where you can play for free without earning tokens. I expect that to be done within a month or 2.

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