Binance Announces Axie Infinity (AXS) Token Sale on Launchpad

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 Name	AXS
Binance Launchpad Sale	11.00% of the total token supply
Private Sale	4.00% of the total token supply
Play to Earn	20.00% of the total token supply
Staking Rewards	29.00% of the total token supply
Team	21.00% of the total token supply
Advisors	7.00% of the total token supply
Ecosystem Fund	8.00% of the total token supply