• Latest
  • Trending
Axie Infinity Raises $860K While Their AXS Token Rises 55% In The Last 24 Hours

Axie Infinity Raises $860K While Their AXS Token Rises 55% In The Last 24 Hours

October 2, 2021
UBS Group’s Wealthy Clients Can Now Trade Some Crypto ETFs in Hong Kong: Bloomberg

UBS Group’s Wealthy Clients Can Now Trade Some Crypto ETFs in Hong Kong: Bloomberg

November 10, 2023
Polygon Pump 15%, Bulls Target $1

Polygon Pump 15%, Bulls Target $1

November 10, 2023
SEC chair hints at FTX comeback, while Memeinator presales enter stage 6

SEC chair hints at FTX comeback, while Memeinator presales enter stage 6

November 10, 2023
Hong Kong ‘ready’ to capitalize on crypto’s next bull run: Hashkey Capital

Hong Kong ‘ready’ to capitalize on crypto’s next bull run: Hashkey Capital

November 10, 2023
Solana (SOL) Users Targeted in New Address Poisoning Attack: Details

Solana (SOL) Users Targeted in New Address Poisoning Attack: Details

November 9, 2023
Security in Crypto: A Complete Guide | by Abiodun Ajayi | The Dark Side | Oct, 2023

Security in Crypto: A Complete Guide | by Abiodun Ajayi | The Dark Side | Oct, 2023

November 9, 2023
Can Stablecoins Get Past Their Instability?

Can Stablecoins Get Past Their Instability?

November 9, 2023
BTC-Gold Ratio Indicator Proposes $120,000 Price Target

200-Day SMA Rise And Historical Trend Signal $50,000 Price Target

November 9, 2023
EU backs Data Act with clause to shut off smart contracts

EU backs Data Act with clause to shut off smart contracts

November 9, 2023
  • Privacy Policy
Friday, November 10, 2023
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto

Axie Infinity Raises $860K While Their AXS Token Rises 55% In The Last 24 Hours

J_News by J_News
October 2, 2021
in Crypto, Top News
0
Axie Infinity Raises $860K While Their AXS Token Rises 55% In The Last 24 Hours
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter


The Axie Infinity team is making moves. On the one hand, they raised $860K “through a strategic sale of our governance token, AXS.” On the other, they announced an in-game decentralized exchange and their AXS increased in prize by 55% in the last 24 hours. Great numbers all around that would satisfy and attract any investor. And speaking about satisfied investors, their original backers were the people invited to Axie Infinity’s private sale.

Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course

Let’s digest all that part by part.

Axie Infinity ‘s $860K Private Sale

The terms of the “strategic sale” state the following:

“Axie Infinity raised $864,000 in a private sale of AXS to strategic investors in the middle of 2020. These investors purchased AXS at a 20% discount.

20% of the private sale tokens will be unlocked during the AXS public sale. The rest of the private sale tokens will be unlocked quarterly over the next 2 years.”

In the press release, they disclosed the investors:

  • Arca

  • Three Arrows Capital

  • DeFiance Capital

  • DeFi Capital

  • Sparq Ventures

  • Animoca Brands

  • Hashed

  • Dialectic

as well as angel investors:

  • Alexander John Amsel

  • Alex Svanevik (Nansen)

  • Bashylok Oleksander

The investors seem extremely satisfied. In a recent tweet, DeFiance Capital’s Zhu Su announced Axie Infinity and their Axie Infinity Shards (AXS) are the company’s most profitable seed investment by far. “Craziest thing is at the time of the round, it was so undersubbed that many people invested just to support ecosystem without any expectation of returns,” he adds for color. 

$AXS @AxieInfinity I think is now @DeFianceCapital best seed investment ever and it’s not even close

Craziest thing is at the time of the round, it was so undersubbed that many people invested just to support ecosystem without any expectation of returns

World is unbound growth

— Zhu Su 🔺 (@zhusu) October 2, 2021

The Great AXS 55% Rise

According to Chinese journalist Colin Wu, “Axie Infinity is launching a decentralized exchange and its price rose 55% in 24h. However, its trading volume and active users are declining.” He also said it was “the highest increase among top50 crypto.” At the time of writing, the number has decreased a little. According to Coinmarketcap, AXS is “up 42.90% in the last 24 hours.”

Axie Infinity is launching a decentralized exchange and its price rosed 55% in 24h. However, its trading volume and active users are declining.

— Wu Blockchain (@WuBlockchain) October 2, 2021

The recently announced decentralized exchange will eliminate the need to leave Axie Infinity to trade tokens. “People want to acquire and use their tokens from the same place without having to use a bridge constantly,” growth lead Jeff Zirlin told The Block” That website broke the Axie Infinity meets DeFi story, saying:

“The DEX could help keep users playing the game because it will remove certain frictions that exist for players who have to move their tokens off the platform to trade them. The DEX will be built on Ronin, an Ethereum-linked sidechain purpose-built for Axie Infinity.”

In the “Strategic Sale” press release, they quote Defiance Capital’s Arthur0x, who said:

“Axie has been building relentlessly since 2018 and we are impressed by their execution so far. Their vision of combining NFT, gaming and DeFi together is extremely exciting. We are thrilled to see Axie continue to be at the forefront of innovation in NFT gaming and DeFi space.”

AXS price chart for 10/02/2021 on Gemini | Source: AXS/USD on TradingView.com

Epilogue: Our Prediction

Just three months ago, when NewsBTC first covered Axie Infinity, we predicted: 

“In the long run, Axie Infinity could add new features to its game, a new game mode, more resources. The expansion of this universe is set to provide cryptocurrencies and blockchain technology with a real-world use case that nurtures the gaming experience.”

Related Reading | Jack Dorsey Plans to Build A Decentralized Exchange For Bitcoin

They did add new features, just not the ones we were expecting. 

At that time, AXS was trading at $17,47. Each token is worth $111.21 nowadays.

Featured Image: Axie Infinity screenshot from their press release | Charts by TradingView





Source link

Related articles

UBS Group’s Wealthy Clients Can Now Trade Some Crypto ETFs in Hong Kong: Bloomberg

UBS Group’s Wealthy Clients Can Now Trade Some Crypto ETFs in Hong Kong: Bloomberg

November 10, 2023
Polygon Pump 15%, Bulls Target $1

Polygon Pump 15%, Bulls Target $1

November 10, 2023
ShareTweetShareShare
Previous Post

Third Largest Bank of France Submits a Proposal on MakerDao for M Security Tokens Refinancing

Next Post

NFT offering of quick cash, but specialists caution that hypothesis and obliviousness are powering progressively dangerous wagers | by Blockonomist Staff | The Capital | Oct, 2021

Related Posts

UBS Group’s Wealthy Clients Can Now Trade Some Crypto ETFs in Hong Kong: Bloomberg

UBS Group’s Wealthy Clients Can Now Trade Some Crypto ETFs in Hong Kong: Bloomberg

by J_News
November 10, 2023
0

In the past few days, Hong Kong has moved towards allowing retail investors to buy spot crypto Exchange Traded Funds (ETFs) and primary...

Polygon Pump 15%, Bulls Target $1

Polygon Pump 15%, Bulls Target $1

by J_News
November 10, 2023
0

MATIC price is up over 15% and trading near $0.85. Polygon bulls are in charge, and they might soon aim...

SEC chair hints at FTX comeback, while Memeinator presales enter stage 6

SEC chair hints at FTX comeback, while Memeinator presales enter stage 6

by J_News
November 10, 2023
0

SEC has suggested FTX revival if it follows the rules. Memeinator has caught the attention of investors with its meme...

Hong Kong ‘ready’ to capitalize on crypto’s next bull run: Hashkey Capital

Hong Kong ‘ready’ to capitalize on crypto’s next bull run: Hashkey Capital

by J_News
November 10, 2023
0

Hong Kong is “very ready” for the next wave of mass crypto adoption, with an influx of crypto talent that...

Solana (SOL) Users Targeted in New Address Poisoning Attack: Details

Solana (SOL) Users Targeted in New Address Poisoning Attack: Details

by J_News
November 9, 2023
0

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

XRP Dominance Reveals Start Of Next Parabolic Price Move

Bitcoin SV price prediction as it climbs 71% in 24 hours

Bitcoin Price Surges Past $29,400, Here’s Why

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT