How much is the salary of Axie in Philippines?

“On average, [Axie Infinity players] are making $400 a month, which … is under the taxation threshold of $5,000 per year here in the Philippines,” he said.

How much can you earn in playing Axie in Philippines?

With sudden popularity in June 2021, Axie Infinity became one of the most hit games built on blockchain. Players can earn between $10-50 a day while playing the game. Not surprisingly, the game has become a source of income for many players, especially in the Philippines.

How much money can I earn in Axie?

How Much Crypto Can You Earn? Each different strategy to earn crypto in Axie Infinity has a wide range of possible profits. Playing the game for many hours a day could earn you anywhere between $8 to $40 a day, depending on your Axies, how long you play and the extra incentives available at that time.

How much does Axie Infinity make in the Philippines?

"I decided to play [the game] Axie Infinity as I needed extra money as a student," the 20-year-old Filipina said. Learning to play was a challenge, but during her most successful playing period, Ms De Jesus said she was able to earn around 1,500 pesos ($37) a week — a decent additional income for a student.

How much can you make with Axie per day?

Players can earn about $10-50 worth of digital assets per day by playing the game. Players can also earn by selling SLPs or Axies. SLPs can be earned by completing challenges or winning battles.

How to Compute Income Tax on Axie Infinity in Philippines | Tax on Cryptocurrency

How much income in Axie per day?

With sudden popularity in June 2021, Axie Infinity became one of the most hit games built on blockchain. Players can earn between $10-50 a day while playing the game.

What is the minimum wage in the Philippines in US dollars?

What is minimum wage in Philippines? Minimum Wages in Philippines increased to 570 PHP/Day (11970 USD/Month) in 2022.

How much can you earn in Axie beginner?

The amount of SLPs you're going to earn will depend on your matchmaking ranking or MMR. The higher the MMR, the more SLPs you're going to take home. For instance, having 0-900 MMR can earn you 1 SLP. On the other hand, if you have an MMR of 2,500 and above, you can earn 14 SLPs.

How much investment is needed for Axie?

Instead, players recommend forming a more balanced team that will require you to spend more on Axies. However, while previously DappRadar reported that the average Axie NFT price was $355, these costs have drastically reduced. Using this as a starting point, it could cost $110 to form an average Axie team.

How does Axie generate money?

In Axie Infinity, every monster is a non-fungible token (NFT). Players earn tokens by engaging in turn-based battles with other players or computer-controlled teams. These tokens are then used to “breed” new monsters by creating more NFTs.

Is Axie still profitable 2023?

Whilst the platform does have AXS up by 16% over the summer, with a trading price of $53.91, that price is expected to drop to just over $40 at the end of the year. However, AXS is expected to grow significantly in 2023 and is predicted to be up by around 80% by December.

How much can I earn at Axie in 1 month?

In total, a newbie player can start earning from 75 up to 300+ SLPs per day depending on the Axie team, energy, and player skill. On average, players usually earn around 150 to 200 SLP every day, and this number only goes higher as players advance and become more skilled throughout the game.

Why did Axie Infinity fail?

But to make money off of Axie's in-game token, players needed new gamers to join because new gamers had to buy Axie characters, a non-fungible token. When the gamer flow slowed, the token's price collapsed, and so did a player's earnings. It was like going from $15 an hour to $1.50.

Which Axie to buy for beginners?

Buying your first Axies on the Axie Infinity Marketplace

Personally, we would recommend to only purchase axies that have a 0 breed count, as this enables you to breed your axies (more about this later) to create more axies which you can either use to play, or sell for money.

Is Axie be profitable for long term?

If you have long-term goals for the same then, it is a profitable subject. But, if not then, just forget about it for a while, probably for the year. What makes Axie Infinity (AXS) unique?

Is Axie good for long term?

One coin which has benefited from this is Axie infinity, rising 39,000% since its inception in 2020 and continuing to be a popular altcoin in 2022 due to its connection to the NFT industry. If you want to gain a stake in this high-growth market, then Axie Infinity could prove the perfect investment to do so.

How many hours can you play Axie in a day?

Not bad for a game that requires 2 - 3 hours a day to play. How to start playing Axie Infinity? If the upfront cost of getting three Axies is not an issue then you can follow the steps below to start playing the game.

How much is an average Axie today?

Axie Infinity Price Summaries

Axie Infinity's price today is US$8.60, with a 24-hour trading volume of $51.5 M. AXS is -0.40% in the last 24 hours. It is currently -13.35% from its 7-day all-time high of $9.93, and 5.00% from its 7-day all-time low of $8.19.

How much is 500 axs in USD?

The conversion value for 500 AXS to 3690 USD.

How much is 1 Axie Infinity coin?

The live Axie Infinity price today is $9.76 USD with a 24-hour trading volume of $67,288,656 USD. We update our AXS to USD price in real-time. Axie Infinity is down 0.88% in the last 24 hours. The current CoinMarketCap ranking is #50, with a live market cap of $1,090,301,661 USD.