NFT EveningNFT Evening

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    PSG Star Kylian Mbappé Backs NFT Fantasy Football Platform Sorare

    July 3, 2022

    Baller Apes Club Founder May Be Sent To Prison For 40 Years

    July 3, 2022

    NFTs on Facebook: The Time Has Finally Come!

    July 1, 2022
    Facebook Twitter Instagram Reddit
    NFT Evening NFT Evening
    • Home
    • NFT
    • Crypto Art
    • Collectibles
    • Blockchain games
    • Interviews
    • Guides
    • NFT Calendar
    • NFT Conferences
    NFT EveningNFT Evening
    Blockchain games

    Sold for $200, Axie Infinity (AXS) Binance Launchpad Lottery Ticket is Now Worth $250,000

    By Reethu RaviOctober 11, 20212 Mins Read
    Share
    Twitter WhatsApp Reddit Email Facebook LinkedIn

    The value of the Axie Infinity (AXS) Binance Launchpad lottery ticket, which was first sold for $200, has now skyrocketed to over $250,000! This is all thanks to the astronomical scale in which Axie Infinity and its token, AXS, has grown in the past year.

    Back in October 2020, 2,000 AXS tokens were allocated to each AXS launchpad lottery ticket. Users who bought the ticket then for $200 worth of Binance coin (BNB) and held onto the token now has a fortune in their hands. As per today’s AXS market prices, 2,000 AXS is worth around $250,000 – that’s over 124,900% rise in price.

    Axie Infinity play to earn blockchain game
    Users who held on to their AXS launchpad lottery ticket tokens can now earn $250,000. Credits: Axie Infinity

    What is the AXS launchpad lottery ticket?

    In October 2020, Binance held AXS public sale on its Launchpad platform. The sale, however, was held in the format of a lottery. During this, a total of 14,850 AXS launchpad lottery tickets were up for grabs.

    The chance of winning a ticket depended on the amount of BNB held in a user’s account. Hence, prior to the event, Binance took a snapshot of users’ wallets during a seven-day period. Based on this, the platform decided how many AXS lottery tickets to be given to each BNB holder.

    For each lottery ticket, the users received 2,000 AXS tokens. Additionally, BNB amounting to $200 were deducted from their account. This is because, at the time, a single AXS token cost $0.10.

    Cut to today, Axie Infinity is currently the biggest play to earn blockchain game. Furthermore, the AXS token has a market cap of around $2,500 billion. Early this month, the game launched AXS staking feature after much anticipation. Sky Mavis, Axie’s parent company, airdropped 800,000 AXS to around 10,000 players who were involved with the game before October 26, 2020. Even with more tokens in the market, AXS’ price has only gone up.


    Are you tired of missing important NFT drops?

    Check out our NFT Calendar!

    Receive the biggest NFT news of the day & recommendations in our Daily newsletter. 

    • All of our news is being sent daily on Telegram
    • We summarize the biggest news daily on Twitter & Instagram 
    • Learn with video tutorials and subscribe to our Youtube Channel 

     


    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    Axie Infinity AXS AXS token
    Share. Facebook Twitter Pinterest LinkedIn Email Reddit WhatsApp
    Reethu Ravi
    • Twitter
    • LinkedIn

    Reethu Ravi is a journalist based in India, covering environment, sustainability, tech and innovation. When not found between the pages of a book, she can be seen catching up on the latest developments in the tech world. A naval architect-turned journalist, she loves bringing stories of change and innovation to the limelight.

    More great NFT Evening content:

    Axie Infinity Reopens Ronin Bridge Months After $625M Hack

    June 29, 2022 Blockchain games

    GTA 6 Might Integrate Play-To-Earn Mechanics!!

    June 26, 2022 Blockchain games

    The Glimmering NFTs: Your Ticket to The First 5e Gameplay on The Metaverse!

    June 23, 2022 Blockchain games

    DappRadar Drops Latest Blockchain Games Report: Here Are The Highlights

    June 22, 2022 Blockchain games
    Latests NFT News

    PSG Star Kylian Mbappé Backs NFT Fantasy Football Platform Sorare

    July 3, 2022

    Baller Apes Club Founder May Be Sent To Prison For 40 Years

    July 3, 2022

    NFTs on Facebook: The Time Has Finally Come!

    July 1, 2022

    What is Doxxing? Why You Should Know What It Means To Be Doxxed

    July 1, 2022



    • Follow @NFTevening


    By signing up, you agree to the our terms and our Privacy Policy agreement

    NFT evening is the biggest website for NFT news. We are dedicated to supporting mainstream NFT adoption by making content fun & accessible. Learn about NFT collectibles, NFT art and the best blockchain games that even let you earn free crypto! Whether you want to invest in NFTs, create NFTs or simply collect them, NFTevening is the first stop for all the NFT news you need!

    Facebook Twitter Instagram YouTube
    Article Categories
    • Blockchain games
    • Collectibles
    • Crypto Art
    • Guides
    • Interviews
    • Metaverse
    • NFT
    • Sponsored Content
    NFT Calendar
    • Today’s NFT Drops
    • Upcoming NFT Drops
    • Solana NFT Drops
    • NFT Calendar
    • NFT Calendar : Add Your NFT Event
    Get In Touch
    • Advertise (Media Kit)
    • Collaboration and Press Releases
    • Job Opportunities
    • About Us
    • Contact Us
    NFT Beginners Guides
    • How to Sell NFT Art
    • How to Create NFT Art
    • How to Display NFT Art
    • How To Make Passive Income With NFTs
    • Best Crypto Wallet
    • Best NFT Coins
    • Best NFT Rarity Tools
    • What is a DAO ?
    • What Are Crypto Gas Fees ?

    Type above and press Enter to search. Press Esc to cancel.