PDAX Offers Axie Infinity Tokens with Ronin Network Support for Cheaper Cash-Out

PDAX announced that beginning February 18th, Axie Infinity’s SLP and AXS currencies will be available on its platform.

Over the past year, Axie Infinity has become popular because it allowed Filipinos to earn through gaming. The game involved battling animated monsters called Axies, and rewarded players with the game’s currency—smooth love potion or SLP—which can be converted to pesos at exchange platforms. Players can also earn Axie Infinity Shards (AXS), the governance token for the Axie universe.

PDAX will also be making its SLP and AXS wallets compatible with Axie Infinity’s Ronin Network, which means Filipinos can readily transfer their SLP or AXS to PDAX and convert their in-game winnings to Philippine peso, without having to pay Php2,000-4,000 in Ethereum gas fees. PDAX is notably the first platform in the Philippines that has enabled wallets on the Ronin Network.

Ronin: Lower fees, bigger profit for scholars and more

By using the Ronin Network, PDAX eliminates the need for players to transfer their AXS/SLP to Ethereum wallets, which reduces a lot of cost.

According to PDAX CEO Nichel Gaba, the exchange is focused on helping Filipino gamers get the most out of their in-game earnings. “With this integration, Filipino gamers get to keep more of their hard-earned rewards,” Gaba said. “We understand many gamers are also play on behalf of managers, and so we’ve also offered ‘ScholarPay,’ which is a product that caters to those needs.”

The lower costs are especially good news given that Axie Infinity has become a means of livelihood for managers and “scholars”, players who play on behalf of managers.