The Philippines, which remains constricted by varying levels of community quarantines, accounted for 29,000 of the 70,000 downloads of the game as of April this year, according to Sky Mavis, the Vietnamese developer of Axie infinity.
Jon Brandon, a 20-year-old student from North Caloocan, became a scholar last December. Back then, Axie Infinity play to earn game was not popular, so getting scholarships was more accessible.
Brandon said the SLP was valued at around P1 to P2 only when he started playing the game. In an interview with OneNews.PH last July 17, he said he could earn triple the amount of the income he used to have during his first two months.
Benedict Chavez, a 22-year-old scholar from Quezon City, began playing only in June when the SLP increased its value from P5 to P6. He earns about P25,000 per month. The managers of both men implement a 60-40 split where the scholars get the more significant share.
Joseph Louie Miranda, a 29-year-old cryptocurrency miner from Valenzuela, likewise took a shot at this booming trend. He first learned about Axie Infinity from his customers. Miranda owns Minerodotcom, a shop that sells mining rigs, computers, and computer parts.
A crypto expert said in a close interview gave the following convincing statement: “I checked it myself to see if it was legitimate because in reality, when it comes to crypto, there are several frauds, which is why you should not go full blast when you test them. He has been mining cryptocurrencies since mid-2016.
Should you try it, you must consider that there is a chance you will lose, and you must accept it from the get-go. That is golden. I advise I can give you as a crypto expert. I know a friend that purchased his first Axie Infinity team from a middleman for P59,000. And now, he is enjoying the fruit of that investment.
Convinced of its legitimacy, he immediately purchased more Axies from the Axie Infinity marketplace for breeding the next day, spending about P400,000 to 500,000. He also had teams for scholarships within two weeks. He had about 15 scholars.
At the interview, which was also held on July 17, the cryptocurrency miner already had 32 scholars. According to Miranda, the return-of-investment in breeding Axies takes a shorter time than having scholars play the game.
A 21-year-old business management student and stock market trader from La Union also dabbled in the popular game. With interests in gaming and cryptocurrencies, Axie Infinity offered a perfect opportunity for him to enjoy and earn money simultaneously.
The active participant became aware of Axie Infinity through an online article about a community in Cabanatuan, Nueva Ecija, that switched to playing a video games to make up for their insufficient income amid the pandemic.
Around the second week of May, he bought his first team for P22,500 but revealed this amount is not good enough to invest in a group. Edralin went on to purchase another for P50,000.
“When I found out about Axie Infinity, I thought it was cool. I play and earn money at the same time. I mean, if I’m playing a game, I might as well earn from it. I knew I wanted to try it out because they have a good [business] model.” Those are the words of some Filipino player who is now a manager.
After they learned about the numerous financial opportunities in Axie Infinity, many young people also helped their friends get into the game by making them their scholars. Many of the managers had up to 10 scholars at the time, and they even planned on recruiting more to increase the tokens in their wallets. He required them to farm at least 4,500 SLPs per month or 150 per day.
Crypto experts pointed out that investing in quality Axies would benefit managers and scholars. When you give Axies a lower rate to your scholars, they will spend long hours reaching their minimum [SLP target].
In my case, I have scholars who can get it done within 45 minutes. Then, their only goal is to go beyond the minimum for the rest of the day. That’s when I realized that it is a win-win situation when you give them power and quality Axies.
The goal of every manager is to generate profit when they recruit scholars, so it is important also to help them achieve the desired results. “It’s like a business or a company wherein you have to provide the best for your employees.
One of the veteran participants in the Philippines who have become a manager reported that there was a time he required a daily quota of 150 SLPs. Still, his scholars could farm 260 SLPs on average, sometimes even 300. He then implemented a 60-40 partition, taking a larger share of the total earnings. At that time, his scholars earn around P40,000 per month.
A daily quota of 150 SLPs used to be easy to achieve because one can earn 100 SLPs in adventure mode and 50 bonus SLPs by completing the daily quest. However, the cap earnings were halved to only 50 and 25, respectively, when the game was updated last August.
The Axie Infinity Season 18 upgrade prompted some managers to lower their SLP targets. Sky Mavis said these adjustments would benefit the Axie Infinity community in the long run as it tried to balance the minted and burned SLPs. Meanwhile, SLP rewards in the arena were increased, favoring better quality Axies and higher skill levels.
Axie Infinity has become a noteworthy source of income in the Philippines. Many Filipinos have gone o the extent of quitting their formal jobs to resume playing Axie Infinity full time. If you think whether the switch is worth it, I won’t hesitate to make that switch if I can earn more in the game than I do in my formal job.