Crypto Terms:
Letter S
What is Scholarship/Scholar?
Meaning:
Scholarship/Scholar -
A Scholarship is established when managers earn passive income by allowing new players, also known as scholars, to borrow Axies (digital pets) within the Axie Infinity video game.
Let's find out Scholarship/Scholar meaning, definition in crypto, what is Scholarship/Scholar, and all other detailed facts.
A Scholarship is a term put forward by the top-ranking blockchain play-to-earn video game Axie Infinity (AXS). It describes the practice when new Axie Infinity players, also referred to as scholars, seek out old players, sometimes referred to as managers, in order to borrow their free digital pets. The need for scholarships stems from the fact that in order to be able to play the game, the player needs to have three non-fungible token (NFT) based digital pets.
Axie Infinity (AXS) has similarities to the game that has taken the world by storm - Pokémon Go. However, instead of collecting Pokémons and entering duels, AXS players collect NFT digital pets. The players can receive rewards by participating in battle matches with their AXS pets.
Currently, the game has over 2 million active users. It’s extremely popular in the Philippines.
How does a scholarship work?
Managers lend their Axies to the new players so they can play the game and earn the in-game currency Smooth Love Potions (SLP) which can be traded directly for fiat money. Additionally, SLP allows players to breed their Axies which results in an increased number of them. These digital pets can also be sold to other players for profit.
In order to receive a scholarship, new players have to find a guild that is participating in this program. Generally, every guild has its own criteria for choosing scholars. The next step is getting in touch with the guild’s managers to show interest and motivation.
Whatever scholars earn while in possession of the manager’s Axies is shared between both parties. The most popular ways of dividing earnings are 50/50, 60/40, or 70/30. The percentage is usually decided beforehand.
Another reason why established players participate in this program is to make use of the large amounts of Axies that they’re not able to use anyway. By providing scholarships to newer players they’re able to bring into play every Axie that they’re not using and earn passive income.
JavaScript. Script languages, are far easier to code than more structured and compiled languages like <a href=https://www.bitdegree.org/"https:////en.wikipedia.org//wiki//<strong>C<//strong>_(programming_language)/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>C<\/strong><\/a> and <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-c-plus-plus/">C++. However, since each command is handled by another program first, a script takes longer to run than a more structured program.<\/p>\n<p>The main benefits of scripts:<\/p>\n<ul>\n<li>Since they are open-source, users can view and edit them whenever they need to.<\/li>\n<li>Scripts do not require the file to be compiled (though it can be if it’s needed).<\/li>\n<li>Scripts are simple to understand and write, as well as to transfer between operating systems.<\/li>\n<li>Scripts are significantly easier to write than genuine programs, and some people or businesses use scripts as a prototype for actual programs.<\/li>\n<\/ul>","definition":"a list of commands that a particular software or scripting language executes.","status":"published","meta_title":"What is Script? Definition & Meaning | Crypto Wiki","meta_description":"Script meaning: Script - a list of commands that a particular software or scripting language executes.","meta_keywords":null}"
:prev-section="{"id":719,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Scammer","level":"medium","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-12-04T11:20:57.000000Z","slug":"what-is-scammer","title":"What is Scammer?","section":"S","keyword":"Scammer","content":"<p>A <strong>scammer<\/strong> is a person or an entity that conducts a fraudulent scheme with the intent to obtain something from the victim, usually financial assets or information. Scammers have a number of tools and strategies to trick their victims and convince them that the scheme is legitimate and possibly even profitable to them.<\/p>\n<p>The rise of <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptocurrency/">cryptocurrencies has given way to new types of scams, specifically targeting those who hold crypto assets. Fake <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-initial-coin-offering-ico/">initial coin offerings (ICOs)<\/strong><\/a> using clones of other coins, promises of <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-non-fungible-token-nft/">NFT collections that are never delivered, and too-good-to-be-true <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-defi/">decentralized finance (DeFi)<\/strong><\/a> projects are just some of the many scams floating around the crypto sphere.<\/p>\n<p>There are four general types of the most common crypto scams that members of different blockchain networks should be wary of:<\/p>\n<ul>\n<li>Impostor websites;<\/li>\n<li>Fake apps;<\/li>\n<li>Compromising updates;<\/li>\n<li>Scam emails.<\/li>\n<\/ul>\n<p>Impostor websites act as a method of <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-phishing/">phishing. These websites are developed to appear legitimate and often replicate a website with some kind of payment gateway or a registration form that can be used to steal the victim’s information.<\/p>\n<p>While some impostor websites are only able to steal the data that the users enter, others may also contain viruses or <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-malware/">malware that can infect the rest of the computer and cause irreparable damage.<\/p>\n<p>Fake apps can be developed for desktop or mobile devices. Such apps are <em>corrupted to the core<\/em> – their code is designed to act maliciously once the app is downloaded and opened. Similar to impostor websites, fake apps can appear legitimate, although they do not come from an official, verified source. They are frequently used to steal sensitive data.<\/p>\n<p>Some malicious parties can design social media updates that compromise user accounts, <strong>create security gaps<\/strong> that can allow hackers in or otherwise corrupt the security, and steal data from the user. Compromising updates can lead to the users losing all access to their accounts.<\/p>\n<p>Scam emails are one of the oldest tricks in the book. However, their effectiveness has significantly decreased over the years, as many email services can now flag spam emails as soon as they appear in the inbox.<\/p>\n<p>Scam emails are usually quite easy to spot due to bad grammar, odd formatting, and <strong>suspicious email addresses of the senders<\/strong>. They may contain links to phishing websites that appear legitimate.<\/p>\n<p>Recently, there has been an increase in scam emails regarding financial operations on platforms like PayPal or Venmo, as well as emails mentioning <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-wallet/">crypto wallets<\/strong><\/a> and <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-exchange/">exchanges.","definition":"an entity that performs a fraudulent scheme with the intent of obtaining something from the victim.","status":"published","meta_title":"What is Scammer? Definition & Meaning | Crypto Wiki","meta_description":"Scammer meaning: Scammer - an entity that performs a fraudulent scheme with the intent of obtaining something from the victim.","meta_keywords":null}"
:model="{"id":728,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Scholarship","level":"medium","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-12-04T10:13:25.000000Z","slug":"what-is-scholarship-scholar","title":"What is Scholarship\/Scholar?","section":"S","keyword":"Scholarship\/Scholar","content":"<p>A <strong>Scholarship<\/strong> is a term put forward by the top-ranking blockchain <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-liquidity/">play-to-earn video game Axie Infinity (AXS). It <strong>describes the practice when new Axie Infinity players, also referred to as scholars, seek out old players, sometimes referred to as managers, in order to borrow their free digital pets<\/strong>. The need for scholarships stems from the fact that in order to be able to play the game, the player needs to have three <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-non-fungible-token-nft/">non-fungible token (NFT)<\/strong><\/a> based digital pets. <\/p>\n<p>Axie Infinity (AXS) has similarities to the game that has taken the world by storm - Pokémon Go. However, instead of collecting Pokémons and entering duels, AXS players collect NFT digital pets. The players can receive rewards by participating in battle matches with their AXS pets.<\/p>\n<p>Currently, the game has over 2 million active users. It’s extremely popular in the Philippines.<\/p>\n<p><strong>How does a scholarship work?<\/strong><\/p>\n<p>Managers lend their Axies to the new players so they can play the game and earn the in-game currency Smooth Love Potions (SLP) which can be traded directly for <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-fiat/">fiat money. Additionally, SLP allows players to breed their Axies which results in an increased number of them. These digital pets can also be sold to other players for profit.<\/p>\n<p>In order to receive a scholarship, new players have to find a guild that is participating in this program. Generally, every guild has its own criteria for choosing scholars. The next step is getting in touch with the guild’s managers to show interest and motivation. <\/p>\n<p><strong>Whatever scholars earn while in possession of the manager’s Axies is shared between both parties<\/strong>. The most popular ways of dividing earnings are 50\/50, 60\/40, or 70\/30. The percentage is usually decided beforehand. <\/p>\n<p>Another reason why established players participate in this program is to make use of the large amounts of Axies that they’re not able to use anyway. By providing scholarships to newer players they’re able to bring into play every Axie that they’re not using and earn passive income.<\/p>","definition":"A Scholarship is established when managers earn passive income by allowing new players, also known as scholars, to borrow Axies (digital pets) within the Axie Infinity video game.","status":"published","meta_title":"What is Scholarship\/Scholar? Definition & Meaning | Crypto Wiki","meta_description":"Scholarship\/Scholar meaning: Scholarship\/Scholar - A Scholarship is established when managers earn passive income by allowing new players, also known as scholars, to borrow Axies (digital pets) within the Axie Infinity video game.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}"
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current-chapter="S"
current-section="what-is-scholarship-scholar">
