There is currently a large amount of people who are waiting to play the game, but who are not willing to invest their money (yet). The game requires you to have a team of at least 3 Axies. This means you will have to buy these three Axies before you can try the game out. This makes it incredibly difficult to get started, because without playing the game it can be difficult to know how to buy the right Axies.
To counter this issue with on-ramping new players the community members have started Scholarship Programs. These are players with a large amount of Axies to spare, who are willing to lend them out to new players to get them started. These new players share some of the SLP they earn whilst playing, which makes it a win-win for both.
So how does it work? Its actually pretty easy. The owner of the Axies creates a new account within his or her own wallet, with a team of Axies. They provide you the log-in information, and you are ready to play!
Note that there is no reason to share personal information or private keys! Once you’ve earned resources in-game, it is up to the owner of the Axies to take those resources out of the account.
There are two major risks involved with these programs:
- Risk for the scholar: The Axie Owner does not share the profits. This means they take ALL of the SLP instead of the amount/% that you agreed on. Go to vetted, trustworthy programs to counter this issue!
- Risk for the program: The person playing uses multiple accounts to play the game, which is a bannable offense (more than one account within 24 hours to be precise). This means the Axie Owners Axies could get banned, because the person lending the Axies is not only playing with that account/team.
Most programs have a reward split where anywhere between 60 – 70% of the SLP earned goes to the Scholar, which means 30 – 40% of the SLP earned goes to the Program. The SLP requirement is often around 500 SLP to 700 SLP per week.