It is almost one year since Axie Infinity launched on Binance. Many people have since then learned more about Binance and their different launchpad projects, but back then, they weren’t as popular as they are now. As a result, only 22,000 people subscribed for the token sale, or the token lottery (which is a more true description).
Axie Infinity is currently trading at $120 on Binance, and this has made many people look for information on the initial token price and other numbers that can put the current trading price into perspective. So, how did this all take place?
The AXS token sale on Binance
In order to be a part of the AXS token lottery, you had to keep BNB tokens in your wallet on Binance for a set number of days. Based on your average holdings, you would be allowed to enter the lottery with somewhere between 1 and 10 tickets. The minimum requirement of BNB tokens was 50, meaning that if you had between 50 and 100 BNB tokens in your wallet, you would be allowed to join with 1 lottery ticket. If you had between 100 and 150 BNB tokens, you would be allowed to join with two tickets.
It is important to know that at that time, the price of one BNB token was $29.
- 29,700,000 AXS tokens were available at the lottery.
- Each winning ticket would give you 2000 AXS tokens.
- The price was AXS tokens were $0.1, meanign that one winning ticket would cost you $200 (that is, 6,5 BNB tokens).
It is important to take into perspective the price of BNB back then because if you would have kept those tokens, the current value would be $3400, not $200 (as it was back then). However, that is still very little compared to the value of the AXS tokens if you saved them and sold them today.
- Value of BNB tokens (6,5 BNB) in November 2020: $200
- Value of the same BNB tokens in October 2021: $3400
- Value of the AXS tokens upon token sale in November 2020: $200-$400
- Value of the same AXS tokens in October 2021: $240,000
It is important to look at these numbers to see the progress of the tokens. At first, the price of AXS didn’t boom at all on Binance. In fact, the first time the token price reached $1 was in January 2021.
Compared to the current projects launching on Binance Launchpad, this was a really slow start and it didn’t bring the expected profits at all (immediately).
Some more Axie Infinity launch stats from Binance
More than 150,000 tickets were handed out to a total of 20,096 participants. Of all the people taking part in the lottery, 55% actually won at least one ticket, which also means that several people won many more tickets.
If you only had one ticket, you had a winning chance of about 9,5%, as 14,850 tickets won out of the 158,315 tickets.
A final thought about Axie Infinity
It is really cool to see this project, not just because of the price movements, but because Axie Infinity has turned into a really popular game built on blockchain technology. I should also mention that I didn’t join the launchpad project myself (something I regret), and I had a friend tell me to buy tokens in December 2020, but I showed him the deaf ear and did nothing. Guess who is regretting that today?
But, what is Axie Infinity all about? Here you can see the official description.
“Axie Infinity is a Pokémon-inspired digital pet universe where anyone can earn tokens through skilled gameplay and contributions to the ecosystem. Players can battle, collect, raise, and build a land-based kingdom for their pets. All art assets and Axie genetic data can be easily accessed by 3rd parties, allowing community developers and artist to build their own tools and experiences in the Axie Infinity universe. Although Axie is still in early access, it is currently the #1 NFT platform on Ethereum by Monthly Active Users. While Axie is a fun game, it’s also taken on characteristics of a social network and jobs platform due to the strong community and play to earn opportunities that have come from its early success.”Binance website
Since the description was written, Axie Infinity has moved to the Ronin chain, an Ethereum side-chain built exclusively for Axie Infinity. This has made transactions quicker and cheaper, and this transition was one of the things that actually gave the AXS price a giant boost!
How to join future Binance Launchpad projects?
Would you like to join future Binance Launchpad projects in order to take part in profits, fun, and get your hands on tokens like AXS? It is very easy.
- Visit the Binance website and register an account, and do the KYC.
- Deposit funds to your Binance account and buy BNB tokens.
- Keep the BNB tokens in your wallet, in the Binance Vault, or somewhere else on the exchange.
- Pay attention to the announcements on the Binance website and subscribe to future launchpad projects.
It is really easy. Since Axie Infinity, there have been lots of other Launchpad projects, including Beta Finance, TokoCrypto, Juventus, Lazio, and several other tokens. They have all given investors a 10x profit at once (minimum), while some of them have given investors 20x and 30x profit from the first moment of trading.