Likewise, users can bet their tokens in ETH / SLP or ETH / AXS groups in Katana in order to facilitate liquidity and receive rewards.Īccording to a post by Sky Mavis, Katana has the infrastructure to synthesize the process of transferring funds around the Axie ecosystem and reduce costs, as well as the ability to increase the liquidity of assets and “lessen the submission of other parties by becoming the largest exchange of tokens of our ecosystem “.
#KATANA AXIE INFINITY FREE#
Today, l Users are allowed to make 100 free Ronin transactions per day, however, little by little the network will gradually use RON to carry out Ronin fees. The firm launched this token with the idea that the blockchain continues to belong to the community, for this reason it held a totally free token distribution event and alerted its users that at the moment there are no ROn tokens for sale in order to prevent them from being scammed. RON TokenĪlong with the launch of the DEX, Sky Mavis launched a new token called RON, which will eventually be used to pay gas fees and secure the network for both Axie Infinity and future games / products hosted on the chain. Īre you using the DEX Exchange? Then, please share your experiences in the comment section.Read: SAT rules out extension for annual declaration, the deadline is May 2īeing a decentralized digital asset exchange All transactions are carried out through various liquidity groups protected by the user without the need for a centralized authority or an intermediary. But, before you start trading on the exchange, learn about the Best Cryptocurrency to Invest 2022. It is the decentralized exchange launched for Ronin. The decentralized exchange Katana is live, and you can now trade between WETH, USDC, SLP, and AXS. If you want to easily swap between different assets within the Axie Infinity Ecosystem, Katana Ronin Chain is what you have to use. The supported assets of the exchange are SLP, AXS, WETH, and USDC. What are the Assets Supported by the Exchange?Ī2. People have to visit the official website to start trading assets. What is the Official Link for the DEX?Ī1. Deposit the token into the LP pool and get rewards in the form of trading fees and RON tokens.You need to choose the desired token and start to swap.After connecting, you will see the amount of AXS you won on the upper right corner.Go to the Katana Ronin Chain DEX and connect the Ronin Wallet.Katana is very easy to use, and you need to set up a Ronin Wallet.WETH or Wrapped Ethereum is the ERC-20 type of Ether and the most commonly used crypto globally.Over 270 million AXS is available for circulation, and it enables the holders to participate in both direction and success of the community. AXS or Axie Infinity Shards is an asset sharing a portion of Axie Infinity World.The Katana Ronin Chain allows redeeming one USDC for $1.00, offering a stable value. USD Coin or USDC – The Crypto is widely used as Stablecoin.It is the major requirement for breeding Axies, and it has no fixed supply. SLP or Smooth Love Potion is the in-game resource created when players win the battles.Users of the platform can access the following assets for easy exchange on the platform. Katana Ronin Chain enables all to become liquidity providers, especially when depositing both sides of the trading pair assets into LP. The platform allows exchange by taking advantage of community members as they can share within the liquidity pool. Heighten the liquidity for assets within the ecosystem, making it easier to exchange tokens earned via Axie.Make the products affordable and easier.Minimize dependency on other third parties by emerging into the largest exchange for the token’s future ecosystem.Katana is the decentralized exchange or DEX that believes in a future where all the game’s resources can be traded freely. Players can also swap the SLPs for AXS for breeding and swap SLPs with WETH to purchase new Axies. The exchange also allows breeding and buying the Axies earlier, making them accessible for players. Besides, the exchange allows staking the LP Pool tokens to earn Ronin Coin. The exchange also offers liquidity to the decentralized exchange and allows holders to earn swap fees. The exchange allows the holders to easily swap between different ERC-20 assets. Katana is the AMM or Automated Market Maker and a decentralized exchange developed on top of Ronin. What are the Assets on Katana Exchange?.
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