Tomorrow will see the launch of Axie Infinity’s token sale on Binance Launchpad.
The launch will take place at 06:00 AM UTC on October 27th, 2020, with the objective of selling Axie (AXS) tokens for a total value of $2.97 million.
The AXS token is the ERC-20 utility token of the platform, and is used for governance, staking and payments.
The total supply is 270,000,000 AXS, of which 22.22% (59,985,000 AXS) will initially be issued on Binance Launchpad for $0.10 USD.
Axie Infinity is a digital pet universe inspired by Pokémon, where anyone can earn tokens by playing and contributing to the ecosystem.
Players can fight, collect, breed and build a kingdom for their pets, while all assets and genetic data are easily accessible from third parties, allowing developers and artists to create their own tools in this universe.
How does Axie Infinity work
This digital game is being built by the Axie Infinity team, and already has over 7,000 active onchain users per month, making it the NFT game on Ethereum with the most active users monthly and weekly.
In fact, it has now also taken on the appearance of a social network, thanks to its active community.
Axie Infinity also collaborates with partners such as Samsung, Ubisoft, HTC, MakerDAO, Kakao (KlaytN), Kyber Network, Animoca Brands and Delphi Digital, and is the third gaming project to receive support from Binance Launchpad, after Wink and The Sandbox.
To improve the user experience, and promote scalability, the Axie Infinity team is building a second layer sidechain, called Ronin, to bypass the limitations of the Ethereum blockchain.
The CEO of Axie Infinity, Trung Thanh Nguyen, said:
“Binance—with their strong reputation and devoted community—is the perfect fit for the crucial launch of our governance token. We aim to empower millions of gamers and AXS is the catalyst to enable this mission. Our revolution is just beginning”.
The founder and CEO of Binance, Changpeng CZ Zhao, commented:
“We’re excited to bring The Axie Infinity NFT game to Binance Launchpad. We’re confident that Axie Infinity will showcase the advantages of NFT gaming to Binance users and make blockchain-based games more popular”.