{"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 The <\/span>terms of the \u201c<\/span>strategic sale<\/span><\/i>\u201d<\/span> state the following:<\/span><\/p>\n \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 Arca<\/span><\/p>\n<\/blockquote>\n<\/li>\n Three Arrows Capital<\/span><\/p>\n<\/blockquote>\n<\/li>\n DeFiance Capital<\/span><\/p>\n<\/blockquote>\n<\/li>\n DeFi Capital<\/span><\/p>\n<\/blockquote>\n<\/li>\n Sparq Ventures<\/span><\/p>\n<\/blockquote>\n<\/li>\n Animoca Brands<\/span><\/p>\n<\/blockquote>\n<\/li>\n Hashed<\/span><\/p>\n<\/blockquote>\n<\/li>\n Dialectic<\/span><\/p>\n<\/blockquote>\n<\/li>\n<\/ul>\n as well as angel investors:<\/span><\/p>\n<\/blockquote>\n Alexander John Amsel<\/span><\/p>\n<\/blockquote>\n<\/li>\n Alex Svanevik (Nansen)<\/span><\/p>\n<\/blockquote>\n<\/li>\n Bashylok Oleksander<\/span><\/p>\n<\/blockquote>\n<\/li>\n<\/ul>\n The investors seem extremely satisfied. In a recent tweet, DeFiance Capital\u2019s Zhu Su announced Axie Infinity and their Axie Infinity Shards (AXS) are the company\u2019s most profitable seed investment by far. \u201cCraziest 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<\/em>,\u201d he adds for color.\u00a0<\/span><\/p>\n $AXS @AxieInfinity I think is now @DeFianceCapital best seed investment ever and it's not even close<\/p>\n 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<\/p>\n World is unbound growth<\/p>\n — Zhu Su \ud83d\udd3a (@zhusu) October 2, 2021<\/p>\n<\/p>\n According to Chinese journalist Colin Wu, \u201c<\/span>Axie Infinity is launching a decentralized exchange and its price rose 55% in 24h. However, its trading volume and active users are declining.\u201d<\/span><\/i> He also said it was <\/span>\u201cthe highest increase among top50 crypto.\u201d <\/span><\/i>At the time of writing, the number has decreased a little. According <\/span>to Coinmarketcap<\/span>, AXS is \u201c<\/span>up 42.90% in the last 24 hours.<\/span><\/i>\u201d<\/span><\/p>\n Axie Infinity is launching a decentralized exchange and its price rosed 55% in 24h. However, its trading volume and active users are declining.<\/p>\n — Wu Blockchain (@WuBlockchain) October 2, 2021<\/p>\n<\/p>\n The recently announced decentralized exchange will eliminate the need to leave Axie Infinity to trade tokens. “<\/span>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<\/span><\/i>\u201d <\/span>That website<\/span> broke the Axie Infinity meets DeFi story, saying:<\/span><\/p>\n \u201cThe 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.\u201d<\/span><\/p>\n<\/blockquote>\n In the \u201c<\/span>Strategic Sale\u201d press release<\/span>, they quote Defiance Capital\u2019s Arthur0x, who said:<\/span><\/p>\n \u201cAxie 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.\u201d<\/span><\/p>\n<\/blockquote>\n <\/p>\n AXS price chart for 10\/02\/2021 on Gemini | Source: AXS\/USD on TradingView.com<\/p>\n Just three months ago, when <\/span>NewsBTC first covered Axie Infinity<\/span>, we predicted:\u00a0<\/span><\/p>\n \u201cIn 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.\u201d<\/span><\/p>\n<\/blockquote>\n Related Reading | Jack Dorsey Plans to Build A Decentralized Exchange For Bitcoin<\/strong><\/em><\/p>\n They did add new features, just not the ones we were expecting.\u00a0<\/span><\/p>\n At that time, AXS was trading at $17,47. Each token is worth $111.21 nowadays.<\/span><\/p>\nAxie Infinity \u2018s $860K Private Sale<\/span><\/h2>\n
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The Great AXS 55% Rise<\/span><\/h2>\n
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Epilogue: Our Prediction<\/span><\/h2>\n
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