Learn about AXS’s journey from a lottery ticket on Binance for subscriptions at $200 to a coin valued at $250,000

Learn about AXS’s journey from a lottery ticket on Binance for subscriptions at $200 to a coin valued at $250,000

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Answer Learn about AXS’s journey from a lottery ticket on Binance for subscriptions at $200 to a coin valued at $250,000

The explosive growth of “Axie Infinity” and its AXS cryptocurrency in the past year has paid off big for the winners of the Binance lottery tickets for the AXS coin offering.

$200 turned into over $250,000:

According to current market pricesThe 2,000 Axie Infinity allocated to each winning lottery ticket on the AXS Binance Launchpad that cost investors $200 at the time is now worth more than $250,000, which is a growth of over 124.900% in about a year.

In October 2020, Binance announced that the public sale of “Axie Infinity” would take place on its launch pad.

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The popular NFT token gaming project, Axie Infinity, debuted on Binance Launchpad as the 17th project to go live on Binance IPOs.

The sale of AXS was conducted using the lottery system, with a total of 14,850 tickets available to be won at the time.

The event, which began on October 27, 2020, saw Binance take snapshots of users’ (BNB) balances for seven days to determine the number of AXS lottery tickets that would be awarded to each user.

According to Binance, 29,700,000 AXS have been allocated to the winners of the winning tickets which represents 11% of the total cryptocurrency supply.

For each lottery ticket, 2,000 units of AXS coin were offered, and $200 of BNB was deducted from the instant balance of Binance winners, with each AXS coin priced at $0.10.

The growth of AXS at the beginning of the year until this moment made many shocked and surprised to find out that what cost investors 200 dollars is now estimated at more than 250 thousand dollars, and all that within one year.

The AXS cryptocurrency has become so popular among cryptocurrency investors and blockchain gamers, that a recent report indicated that the number of active AXS holders reached a new all-time high, with more than 17,480 addresses.

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Regardless of the growing number of active AXS holders, Axie Infinity currently boasts over 1.5 million active users who trade cryptocurrency across major cryptocurrency exchanges including Coinbase Pro, Binance and KuCoin among several other platforms.

Read:Ethereum whales and the top 100 of them are accumulating Ethereum coins… what effect does this have on the future price

Increasing popularity of NFT games:

There has been a lot of interest in NFT digital tokens recently, with many celebrities from the sports and entertainment industries entering the sector.

One of the main areas of focus in the field of digital non-fungible tokens (NFTs) among retail investors is blockchain gaming.

The rapid rise in the value of AXS can be largely attributed to the massive interest in NFT gaming.

As of August 2021, this market has a total valuation of nearly $180 billion, and the value is expected to exceed $200 billion in the coming months.

Read also:

Binance announces the termination of crypto derivatives offerings in South Africa

For the first time: Total value booked in DeFi projects exceeds $200 billion

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