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Binance users can deposit and withdraw Axie Inifnity tokens direct from Ronin

Key facts:
  • In this way, the AXS and SLP tokens will be available on both blockchains in addition to BSC.

  • NFT games, led by Axie Infinity, continue to expand into major markets.

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The cryptocurrency exchange Binance, one of the most used daily in the world, has completed the integration of the Ronin blockchain to its platform. In this way, you can deposit and withdraw the Axie Infinity game tokens without having to go through the Ethereum network.

In the announcement published on the official site of the exchange it is stated that Axie Infinity (AXS) and Smooth Love Potion (SLP) token deposits are now enabled on Binance. Meanwhile, the withdrawals will be available from September 4 at 0 hours (UTC time).

Thus, due to the different time zones, users in Caracas will be able to carry out these operations on the night of Friday, September 3, from 8:00 p.m., while in Argentina it will be an hour later, starting at 9:00 p.m. .

In addition to this support for transactions of the AXS and SLP tokens from the Ronin blockchain, Binance reported that it will continue to allow withdrawals and deposits of these tokens with the ERC20 standard (that is, it works on the Ethereum blockchain) and BEP20 (uses the Binance Smart Chain blockchain).

The above means that There will be three types of Axie Infinity tokens on Binance. On the one hand, those of Ethereum, on the other those of the Binance network and, finally, those of Ronin. The latter will include the advantage of not having to pay the high commissions that the Ethereum blockchain implies.

NFT games continue to expand

This decision by Binance confirms the growth that games based on non-fungible tokens (NFT) have had in recent time. As CriptoNoticias has reported, at one point the Ethereum network was collapsed due to the high demand generated by these tokens.

The price of the Axie Infinity (AXS) token has seen a dizzying ascent in recent months. Source: CoinMarketCap.

Trading in these NFTs – which in Axie Infinity represent the characters that the user uses, trains and improves to increase their value – has allowed many people to make money from them. In fact, as one influencer specialized in the subject of this medium, its potential lies in the creation of internal industries that connect even more deeply with the real economy.

Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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