Running An Axie Scholarship Program — December 2021 Edition
Lately, there has been a lot of hype about the blockchain game Axie Infinity. The price of an Axie has gone from next to nothing to a few hundred USD today and more players are starting to get involved in the growing digital nation.
If you happen to have a lot of Axies on your hand, or simply just want to put your money to work, running an Axie Infinity Scholarship Program may be a great solution.
Over the past few months, I have been running a scholarship program myself and honestly, it's not something hard to do. It would probably take up 10–20 minutes of your time every month and with a good team, you could grind thousands of SLP per month.
Below is a step-by-step guide on running your own Axie Scholarship Program:
Step 1: Buy Axies
The Amount of Axies you buy is completely your decision and depends on how many scholars you are willing to take. An average Axie would probably cost around 100–300 USD and you have to buy at least 3 Axies per scholar to be able to play.
Step 2: Creating Scholar Accounts
The second step is to create accounts for your scholars, depending on how many scholars you decide to take, this could be a very time-consuming task. You would have to create 1 Ronin wallet and 1 Axie Infinity account per scholar as the bare minimum.
Step 3: Finding Scholars
This is something I really enjoyed doing when I was first starting my scholarship program, you could go to the Axie Infinity Discord server and look around in the Scholarship Applications channel and request a scholar, it’s recommended that you mute Discord during this time because you could get a few hundred replies in minutes.
Step 4: Giving Your Scholar The Account
In order for your scholar to be able to actually play, you will have to give them a way to login to the account you assign to them, go to the marketplace dashboard of your scholar account and copy the login QR code, then give it to your scholar to login. Never share your seed phrase to anyone as it would result in a total loss of funds.
Step 5: Paying Your Scholars
I recommend that you pay your scholars every 2 weeks or so when claiming is available on the marketplace dashboard. Simply claim your tokens and send the designated percentage to your scholar’s wallet address. You could pay your scholar anywhere between 50–90 percent of their earnings, but I recommend that you pay them around 70%.
Thanks for reading and I wish you luck on starting a successful Axie Infinity Scholarship Program!