Crypto News

Axie Infinity (AXS) Binance Launchpad Lottery Ticket Sold at $200 Now Worth $250,000 

The large progress of Axie Infinity and its native token – AXS – previously year has paid off massively for winners of the AXS Binance launchpad lottery tickets who held their token.

$200 Turned More Than $250,000

According to current market prices, the two,000 Axie Infinity tokens allotted to every AXS Binance Launchpad lottery ticket that price traders $200 at the time at the moment are value greater than $250,000, representing over 124,900% progress within the space of roughly one year.

Recall that in October 2020, Binance announced that the Axie Infinity public sale will likely be held on its Launchpad. The common play-to-earn non-fungible token (NFT) gaming project, Axie Infinity, made its debut on the Launchpad because the seventeenth project to go stay on the platform.

The AXS token sale was carried out utilizing a lottery format, with a complete of 14,850 tickets obtainable to be gained at the time.

The occasion, which began on October 27, 2020, noticed the alternate take snapshots of customers’ Binance Coin (BNB) balances for seven days to find out the variety of AXS lottery tickets to be given to every consumer.

According to Binance, 29,700,000 AXS have been allotted to the Launchpad, representing 11% of the tokens’ whole provide.

For every lottery ticket, 2,000 models of AXS coin got, and $200 value of BNB was deducted from the winners’ Binance spot stability since every unit of AXS was priced at $0.10.

AXS’ Growth on YTD

While many could be shocked to know that what prices traders $200 is now valued at greater than $250,000 in a year, it’s important to notice that Axie Infinity has been on a powerful run since January 2021.

The token turned very talked-about amongst crypto traders and blockchain avid gamers, as a latest report famous that the variety of AXS lively holders reached a brand new all-time excessive (ATH) of over 17,480 addresses.

Aside from the surging variety of AXS lively holders, Axie Infinity presently boasts of over 1.5 million lively customers buying and selling the cryptocurrency throughout main exchanges together with Coinbase Pro, Binance, and KuCoin, amongst others.

NFT Gaming Popularity

There has been vital curiosity in NFTs these days, with numerous celebrities from sports activities and leisure industries delving into the sector.

One main space of focus within the NFT space amongst retail traders is blockchain gaming. The meteoric rise of AXS’ worth might be attributed to a big extent to the large curiosity in NFT gaming.

As of August 2021, this market had a complete valuation of practically $180 billion, with the worth anticipated to surpass $200 billion within the coming months.

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