Axie Infinity uses two native tokens Axie Infinity Shards (AXS) and Smooth Love Potion (SLP).
Axie Infinity Shards (AXS), or $AXS, mainly serve as the governance token for the Axie infinity protocol. Holders of AXS tokens will be able to play the game, claim rewards if they stake their token, and participate in key governance votes. Players will be able to earn $AXS when they play games within the Axie Infinity world and through user-generated content initiatives. In addition, landowners might also find AXS tokens on their land plots. AXS is an ERC-20 token, so anyone with Ethereum wallets can buy and sell it on a variety of marketplaces.
Smooth Love Potion (SLP) tokens can be earned by playing games within Axie Infinity. It’s a digital asset that serves as a replacement for experience points. This token can be used to breed new creatures or Axies. The cost of breeding Axies start at 100 SLP but increases gradually. Like AXS, SLP is an ERC-20 token. Players can accrue SLP through the game, but it might take a long time. Therefore, purchasing SLP on the open market can be a way for players to get a headstart.