The worth of the Axie Infinity (AXS) Binance Launchpad lottery ticket, which was first offered for $200, has now skyrocketed to over $250,000! That is all due to the astronomical scale during which Axie Infinity and its token, AXS, has grown up to now 12 months.
Again in October 2020, 2,000 AXS tokens have been allotted to every AXS launchpad lottery ticket. Customers who purchased the ticket then for $200 price of Binance coin (BNB) and held onto the token now has a fortune of their fingers. As per today’s AXS market prices, 2,000 AXS is price round $250,000 – that’s over 124,900% rise in value.
What’s the AXS launchpad lottery ticket?
In October 2020, Binance held AXS public sale on its Launchpad platform. The sale, nevertheless, was held within the format of a lottery. Throughout this, a complete of 14,850 AXS launchpad lottery tickets have been up for grabs.
The prospect of successful a ticket trusted the quantity of BNB held in a person’s account. Therefore, previous to the occasion, Binance took a snapshot of customers’ wallets throughout a seven-day interval. Based mostly on this, the platform determined what number of AXS lottery tickets to be given to every BNB holder.
For every lottery ticket, the customers obtained 2,000 AXS tokens. Moreover, BNB amounting to $200 have been deducted from their account. It is because, on the time, a single AXS token value $0.10.
Minimize to immediately, Axie Infinity is at present the largest play to earn blockchain recreation. Moreover, the AXS token has a market cap of round $2,500 billion. Early this month, the sport launched AXS staking characteristic after a lot anticipation. Sky Mavis, Axie’s father or mother firm, airdropped 800,000 AXS to round 10,000 gamers who have been concerned with the sport earlier than October 26, 2020. Even with extra tokens available in the market, AXS’ value has solely gone up.