{"id":140513,"date":"2021-10-02T12:29:06","date_gmt":"2021-10-02T12:29:06","guid":{"rendered":"https:\/\/precoinnews.com\/?p=140513"},"modified":"2021-10-02T12:29:06","modified_gmt":"2021-10-02T12:29:06","slug":"axie-infinity-raises-860k-while-their-axs-token-rises-55-in-the-last-24-hours","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/axie-infinity-raises-860k-while-their-axs-token-rises-55-in-the-last-24-hours\/","title":{"rendered":"Axie Infinity Raises $860K While Their AXS Token Rises 55% In The Last 24 Hours"},"content":{"rendered":"

The Axie Infinity team is making moves. On the one hand, <\/span>they raised $860K<\/span> \u201c<\/span>through a strategic sale of our governance token, AXS.<\/span><\/i>\u201d 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\u2019s private sale.<\/span><\/p>\n

Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course<\/strong><\/em><\/p>\n

Let\u2019s digest all that part by part.<\/span><\/p>\n

Axie Infinity \u2018s $860K Private Sale<\/span><\/h2>\n

The <\/span>terms of the \u201c<\/span>strategic sale<\/span><\/i>\u201d<\/span> state the following:<\/span><\/p>\n

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\u201cAxie 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.<\/span><\/p>\n

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.\u201d<\/span><\/p>\n<\/blockquote>\n

In the press release, they disclosed the investors:<\/span><\/p>\n