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Payment Timeline for Axie Scholars

This post will outline the payment timeline and payment schedule for Axie Scholars in the NFT Geld scholarship. The goal is to make it clear to scholars when and how they get paid.

Earning SLP

Axie Infinity is a play-to-earn game where gamers own the in-game assets instead of the game developer. This is possible via blockchain/Ethereum. Due to high transaction throughput, the team built their own sidechain called Ronin. This enables free transactions without having to pay gas.

As of right now, the main way to earn in Axie Infinity is via SLP. This is an ERC20 token on Ethereum that is consumed each time Axies breed to create new Axies. Therefore, it is continuously being created and destroyed. It gets created when players win arena games or adventure mode (PvP and PvE) and gets destroyed each time a breeding event takes place.

When scholars earn SLP, we give them their share of the SLP they have earned with NFT Geld teams. This ensures that scholars don’t need to invest hundreds of dollars before trying out the game. You can track the price of SLP on Coingecko.

Payment Method

At NFT Geld, we require all scholars to have a Ronin address on file. You can download the Ronin wallet from the Chrome store here. This is the address that we use to make all payments. This is great for both us and the scholars since transactions are free and we don’t need to charge anyone for gas fees for the hundreds of transactions we execute each month.

Some scholars also earn AXS, the native token of Axie Infinity, by scoring high on the leaderboard in PvP. These scholars get their share of AXS into their Ronin wallet as well, since Ronin supports both SLP and AXS.

The Axie team has mentioned that they are building a decentralized exchange on Ronin. Once it is completed, we can give our scholars the option for payout in ETH as well, although we encourage our scholars to get familiar with the decentralized finance (DeFi) ecosystem.

Payment Timeline

The payment timeline for all NFT Geld scholars is currently once a month, at the end of the month. It is important to note that scholars only get paid what is their share of “Confirmed SLP”. Confirmed SLP is the SLP that has been released by Axie Infinity to the scholar’s account after doing their checks and due-diligence against cheating. Once this SLP is confirmed, we are able to claim it and keep it safe in our wallet.

Each scholar account is on its own schedule for when their SLP is “released” i.e. becomes confirmed. Therefore it is not feasible for us to send the SLP to scholars the moment it becomes confirmed due to the large number of accounts that we manage. Instead, we make a single payment once a month.

All the SLP that hasn’t confirmed in a given month is simply rolled over the next month. We share all the details for the SLP earned, confirmed SLP, and payments made in our spreadsheet that we share with our scholars. Join our Discord to find a link to it if you are an existing scholar.

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