The reputed exchange opened a contest for users from Latin America where the winner will receive full sponsorship to play Axie Infinity.
Binance, the largest cryptocurrency exchange in the world by volume of operations, has started offering scholarships for the video game Axie Infinity. The initiative is especially aimed at users in Latin America interested in getting started in the most popular game of the moment.
The Twitter account of Binance in Spanish shared the news on Monday, inviting those interested to participate in the scholarship contest. The exchange He reported on the details of the initiative in a statement through his official Spanish-speaking blog.
We are pleased to hear that our community enjoys the Play and Earn mode that games like Axie Infinity provide. In order to promote accessibility to gambling in Latin America, we will begin to raffle off full scholarships, where the winners will have full access to these accounts and their production.
Scholarships have arrived!
???? ️Tell us in a tweet why you want to win the full scholarship, tag us and use the HT #Binance
???? BONUS: Make a video explaining the integration of the Ronin network on Binance and how it benefits Axie players
More info: https://t.co/NesX8qEy6O pic.twitter.com/MrstDxRiWb
– Binance in Spanish (@BinanceES) September 6, 2021
With your model ‘Play To Earn ‘, or play to win, Axie Infinity allows players, especially from developing countries, to make a monthly salary by raising, collecting, and fighting tokenized monsters. However, the cost of entry to the game can be quite high, which is why the scholarship modality has become an alternative for interested players.
Binance gives away Axies equipment
Scholarships from Axie Infinity allow users to set up loan agreements for game figurines, game figures, Axie. From this agreement, a new player will be able to use the creature, which is minted as a non-fungible token (NFT) – from another player to start, in exchange for deriving a percentage of the winnings to the owner.
It should be taken into account that the NFTs of Axie They are expensive – you need three monsters to play, and each one is generally priced above $ 300. This implies an entry amount that can generally range between USD $ 1,000 and USD $ 1,500.
In the case of the contest Binance, the exchange is not offering a scholarship in the traditional sense. On the other hand the Winning user will win the complete monster team Axie while enjoying ownership of the NFTs. “We use the term “Scholarship” because it is how it is known in the community, only this time the winner will be the total owner of their Axies“Explained the company in a tweet.
To participate in the contest, interested parties must report in a tweet why they want to win a scholarship. They should also post a video explaining the network integration Ronin on Binance and how it benefits the players of Axie. The contest ends on September 16. Users can know the complete bases to participate in the tournament in the official statement.
At the moment, it appears that the contest is intended to award a single scholarship to the lucky winner. However, the promotional image of the initiative suggests that the platform could launch other contests with more gift scholarships.
Scholarships for players in Latin America
Binance completed network integration Ronin from Axie Infinity (AXS) and Smooth Love Potion (SLP) at the beginning of the month and enabled deposits for tokens Ronin AXS and SLP, the game’s native cryptocurrencies. Other renowned ecosystem exchanges, such as Coinbase, have also been quick to list Axie tokens on their platform amid the growing popularity of the game.
For its part, Binance not the first exchange of the ecosystem that ventures into the modality of scholarships Axie Infinity. A few weeks ago, the US-based exchange FTX established a commercial alliance with the startup Yield Guild Games (YGG) to award scholarships to players in developing countries.
The measure will provide sponsorship directly to 137 players. Of these, 21 of the scholarships are intended for players in Latin America. It should be noted that the game has spread in countries such as Brazil, Venezuela and Argentina, where it constitutes a viable income alternative for some users in the midst of the economic problems that these nations face.
Article by Hannah Estefanía Pérez / DailyBitcoin
Image from Unsplash