Staking:
Players or users can lock up their AXS tokens to earn newly minted AXS. Stakers may also have additional benefits regarding gameplay and governance.
Payment:
AXS is the official currency within the NFT marketplace for Axie. Also, AXS will determine who can participate in a products sale or auctioning process.
Governance:
AXS stackers will take part in the governing body of Axie Infinity called the "Community Treasury." This community will receive revenues from Axie and will also get a part of staking rewards. But this still needs to be fully decentralized before properly launching.