The great development of Axie Infinity and its native token – AXS – previously yr has paid off massively for winners of the AXS Binance launchpad lottery tickets who held their token.
$200 Turned Extra Than $250,000
In keeping with present market costs, the two,000 Axie Infinity tokens allotted to every AXS Binance Launchpad lottery ticket that price traders $200 on the time are actually value greater than $250,000, representing over 124,900% development within the house of roughly one yr.
Recall that in October 2020, Binance introduced that the Axie Infinity public sale will probably be held on its Launchpad. The favored play-to-earn non-fungible token (NFT) gaming challenge, Axie Infinity, made its debut on the Launchpad because the seventeenth challenge to go reside on the platform.
The AXS token sale was performed utilizing a lottery format, with a complete of 14,850 tickets out there to be gained on 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.
In keeping with 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’ Progress on YTD
Whereas many can be shocked to know that what prices traders $200 is now valued at greater than $250,000 in a yr, it’s important to notice that Axie Infinity has been on a powerful run since January 2021.
The token grew to become very fashionable 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.
Apart 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 Professional, Binance, and KuCoin, amongst others.
NFT Gaming Recognition
There was vital curiosity in NFTs recently, with varied celebrities from sports activities and leisure industries delving into the sector.
One main space of focus within the NFT house amongst retail traders is blockchain gaming. The meteoric rise of AXS’ worth could possibly be attributed to a big extent to the large curiosity in NFT gaming.
As of August 2021, this market had a whole valuation of almost $180 billion, with the worth anticipated to surpass $200 billion within the coming months.