The tokens, Axie Infinity Shards (AXS) and Smooth Love Potion (SLP), of the popular blockchain game Axie Infinity are now available in the Philippine-based cryptocurrency exchange Philippine Digital Asset Exchange (PDAX). Filipino Axie players and scholars can now transfer their SLP or AXS to PDAX and convert their in-game winnings to Philippine peso, without having to pay ₱2,000 – ₱4,000 in Ethereum gas fees.
By transferring tokens through the Ronin Network, PDAX eliminates the need for players to transfer their AXS/SLP to Ethereum wallets, which reduces a lot of cost.
PDAX CEO Nichel Gaba noted that “with this integration, Filipino gamers get to keep more of their hard-earned rewards,” as the exchange is focused on helping Filipino gamers get the most out of their in-game earnings.
“We understand many gamers are also playing on behalf of managers, and so we’ve also offered ‘ScholarPay,’ which is a product that caters to those needs.” – Nichel Gaba, PDAX CEO
A BitPinas article illustrates a how-to guide concerning in-game earnings and how to cash them out.
Last December, PDAX launched ScholarPay, a feature that will allow the guilds and managers of Axie Infinity to send money directly to their scholars. (Read more: PDAX Launches ScholarPay, to Allow Managers to Directly Send Money to Axie Infinity Scholars)
Recently, PDAX also launched PDAX Prime, a new exclusive service dedicated to Filipino crypto investors. This initiative is part of the exchange’s effort to allow and empower cryptocurrency holders in the Philippines and onboard more Filipinos into the crypto space. (Read more: PDAX Launches PDAX Prime For Crypto Investors in PH)
Recently, PDAX also partnered with Velo Labs, a blockchain based financial protocol, to bring improved cross-border payments to the Philippines, using the transformational power of blockchain technology of the Velo Labs’ Stellar Network. (Read more: Velo Labs and PDAX to Open Remittance Corridor in PH Through Blockchain)
PDAX also has raised more than $50 million in a funding round to cater to the growing NFT and play-to-earn market in the Philippines. (Read more: PDAX Raises $50M to Support NFT and Play-to-earn in the Philippines)
Aside from the launch of SLP and AXS on the platform, PDAX added 5 new coins to their platform bringing the total of 19 cryptocurrencies available on PDAX. The 5 new coins are Polygon (MATIC), Cardano (ADA), Dogecoin (DOGE), Polkadot (DOT), and Avalanche (AVAX). (Read more: PDAX Launches 5 New Crypto – MATIC, ADA, Dogecoin, Polkadot, AVAX)
This article is published on BitPinas: PDAX Now Offers Axie Infinity’s AXS and SLP
Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.