• Register / Login
  • App Dashboard
  • Profit/Loss Report
  • Mobile App
  • Before and After
  • Reviews and Testimonials
Monday, January 30, 2023
All in One Crypto App
Advertisement
  • Home
  • News By Sources
    • CoinGape
    • CoinPedia
    • CoinDoo
  • Analysis
  • FeaturesHot
  • Education
    • How to
    • Trading Tips
No Result
View All Result
  • Home
  • News By Sources
    • CoinGape
    • CoinPedia
    • CoinDoo
  • Analysis
  • FeaturesHot
  • Education
    • How to
    • Trading Tips
No Result
View All Result
All in One Crypto App
Home Crypto News Axie Infinity (AXS)

Axie Infinity (AXS) Binance LaunchPad Lottery Ticket Now Worth $250,000

1 year ago
in Axie Infinity (AXS), AXS/USDT, binance launchpad, Binance NFT Marketplace, Crypto News, Markets, NFT News
Reading Time: 3 mins read
This article is added for educational purpose only. All credit goes to the respected author of this article. All In One Crypto App do not hold any liabilities of this article. You can get the source link at the end of the article content.

The Axie Infinity Binance Launchpad lottery token, following its $200 sale in October 2020 is now worth over $250,000.

In October 2020, Binance’s Launchpad platform played host to the Axie Infinity (AXS)  token sale in a lottery format. The odds of success in the Binance Launchpad lottery system is linked to the amount of Binance coin (BNB) held in a user’s account, and the amount of lottery tickets allocated to a user is dependent on this. Binance monitored the BNB balance of users at the time of the sale, taking a seven-day average of each user’s holdings.

For each lottery ticket, $200 worth of BNB was deducted from the winners’ Binance spot balance. There were 2,000 Axie Infinity tokens allocated to each lottery ticket. The tokens available at the time represented 11% of all 2.97 million AXS tokens.

Investors who won the lottery for the AXS public sale and have kept their tokens have seen a massive 124,900% increase in the value of their tokens. The value of AXS at the time of writing was $127.14, taking token holders’ holdings to over $250000. The AXS token lottery was the seventeenth project to run on the  LaunchPad.

A brief history of Binance Launchpad

The main purpose of the LaunchPad is to help blockchain companies raise funds and expand their reach. It was launched in 2019. Binance initially used its Launchpad to sell BitTorrent tokens (BTT), Fetch.AI and CELER network (CEL) in monthly token sales, in the year of its launch. In order to be hosted on the Launchpad platform, projects must be in a mature stage of development, be ready for large-scale adoption, have a strong team behind it, and a potential to benefit the wider crypto ecosystem. The AXS token lottery was the seventeenth project to run on the  LaunchPad.

Axie Infinity on a Roll

Axie Infinity is an NFT-based game, where users can earn tokens through skilled gameplay, and contributions to the ecosystem, as well as staking tokens. Sky Mavis, the company behind Axie Infinity, recently became the fifth-largest gaming company by virtue of the value of staked tokens, with the value of staked tokens nearing $2B as of early October 2021.

Recent efforts to stimulate growth and user retention have resulted in over 1.5 million active users trading the token on Coinbase Pro, Binance and KuCoin, and the number of AXS holders has reached an all-time high of over 17480. An announcement was made recently that Sky Mavis, the company behind Axie, was launching its own decentralized exchange (DEX) on top of the Ronin sidechain it developed, to facilitate on-chain purchase and swapping of AXS tokens. This was done to reduce friction for the user, and has no doubt fueled popularity of AXS as a token. A huge airdrop of $60M early on, and the launch of the staking platform on Oct 1, 2021 no doubt also contributed to the rise in user base.

What do you think about this subject? Write to us and tell us!

The post Axie Infinity (AXS) Binance LaunchPad Lottery Ticket Now Worth $250,000 appeared first on BeInCrypto.

Source: BeInCrypto

  • Website
  • Mobile app
  • Telegram Channel
  • Telegram Group
  • Twitter
  • Facebook
  • YouTube
  • Instagram
  • Binance Referral Link
  • Bitmex Referral Link
  • (Recommended For Leverage) ByBit Referral Link
  • Buy Ledger Nano at discounted price
  • Buy Cool Wallets at discounted price

Don't forget to share your review/suggestions for the android app.

All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks

Share2Tweet1ShareSendShare
Bybit
Binance

Follow Us

Application Menu

  • Register / Login
  • App DashboardSignals
  • Profit/Loss Report
  • Mobile App
  • Before and After
  • Reviews and Testimonials
  • Register / Login
  • App Dashboard
  • Profit/Loss Report
  • Mobile App
  • Before and After
  • Reviews and Testimonials
Contact Us: Telegram

© 2022 All In One Crypto App   DMCA.com Protection Status

No Result
View All Result
  • Home
  • News By Sources
    • CoinGape
    • CoinPedia
    • CoinDoo
  • Analysis
  • Features
  • Education
    • How to
    • Trading Tips

© 2022 All In One Crypto App   DMCA.com Protection Status