The Axie Infinity Binance Launchpad lottery token, following its $200 sale in October 2020 is now worth over $250,000.
In October 2020, Binance’s Launchpad platform played host to the Axie Infinity (AXS) token sale in a lottery format. The odds of success in the Binance Launchpad lottery system is linked to the amount of Binance coin (BNB) held in a user’s account, and the amount of lottery tickets allocated to a user is dependent on this. Binance monitored the BNB balance of users at the time of the sale, taking a seven-day average of each user’s holdings.
For each lottery ticket, $200 worth of BNB was deducted from the winners’ Binance spot balance. There were 2,000 Axie Infinity tokens allocated to each lottery ticket. The tokens available at the time represented 11% of all 2.97 million AXS tokens.