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Binance Announces Axie Infinity (AXS) Token Sale on Launchpad



Binance Announces Axie Infinity (AXS) Token Sale on Launchpad
Axie Infinity Management Team

Today Binance announces the token sale of its 17th project on Launchpad. The token sale of Axie Infinity (AXS) will be the same as it was previously for other projects. The BNB balance will be recorded for the lottery.

Binance will start recording the user balance from 2020/10/27 0:00 AM (UTC) and will be continued for 7 days till 2020/11/03 0:00 AM (UTC). The final BNB holding amount will be determined on the average of the 7 days.

AXS Token Sale Details:

  • Token Name: Axie Infinity (AXS)
  • Launchpad Hard Cap: 2,970,000 USD
  • Total Token Supply: 270,000,000 AXS
  • Total Tokens Allocated to Binance Launchpad: 29,700,000 AXS (11% of Total Token Supply)
  • Public Sale Token Price: 1 AXS = 0.10 USD (price in BNB will be determined prior to the lottery draw date)
  • Token Sale Format: Lottery
  • Max Number of Winning Lottery Tickets: 14,850
  • Allocation Per Winning Ticket: 200 USD (2,000 AXS)
  • Supported Sessions: BNB only

About Axie Infinity (AXS)

“Axie Infinity is a Pokémon-inspired digital pet universe built on the Ethereum blockchain where anyone can earn token rewards through skilled gameplay and contributions to the ecosystem.”

Axie is the first blockchain game to introduce a mobile application and the ability to earn money by simply playing the game.

Basically, players can battle, collect, raise, and build a land-based kingdom for their pets. The pets here are known as Axies. Currently, if any player wants to play the game then they can do so by purchasing the Axies from other players on the marketplace.

As per the official blog post, in order to play the game players need at least 3 Axies. Once you have 3 axies then you can download the application and start playing.

The token allocation details of Axie Infinity (AXS) are as follows:-

Token NameAXS
Binance Launchpad Sale11.00% of the total token supply
Private Sale4.00% of the total token supply
Play to Earn20.00% of the total token supply
Staking Rewards29.00% of the total token supply
Team21.00% of the total token supply
Advisors7.00% of the total token supply
Ecosystem Fund8.00% of the total token supply

So take part in the lottery system if you feel interested and always do your own research before investing your money.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.