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The tremendous growth of Axie Infinity and its native token – AXS – in the past year has paid off massively for winners of the AXS Binance launchpad lottery tickets who held their token.

$200 Turned More Than $250,000

According to current market prices, the 2,000 Axie Infinity tokens allocated to each AXS Binance Launchpad lottery ticket that cost investors $200 at the time are now worth more than $250,000, representing over 124,900% growth in the space of roughly one year.

Recall that in October 2020, Binance announced that the Axie Infinity public sale will be held on its Launchpad. The popular play-to-earn non-fungible token (NFT) gaming project, Axie Infinity, made its debut on the Launchpad as the 17th project to go live on the platform.

The AXS token sale was conducted using a lottery format, with a total of 14,850 tickets available to be won at the time.

The event, which started on October 27, 2020, saw the exchange take snapshots of users’ Binance Coin (BNB) balances for seven days to determine the number of AXS lottery tickets to be given to each user.

According to Binance, 29,700,000 AXS were allocated to the Launchpad, representing 11% of the tokens’ total supply.

For each lottery ticket, 2,000 units of AXS coin were given, and $200 worth of BNB was deducted from the winners’ Binance spot balance since each unit of AXS was priced at $0.10.

AXS’ Growth on YTD

While many would be shocked to know that what costs investors $200 is now valued at more than $250,000 in a year, it is essential to note that Axie Infinity has been on an impressive run since January 2021.

The token became very popular among crypto investors and blockchain gamers, as a recent report noted that the number of AXS active holders reached a new all-time high (ATH) of over 17,480 addresses.

Aside from the surging number of AXS active holders, Axie Infinity currently boasts of over 1.5 million active users trading the cryptocurrency across major exchanges including Coinbase Pro, Binance, and KuCoin, among others.

NFT Gaming Popularity

There has been significant interest in NFTs lately, with various celebrities from sports and entertainment industries delving into the sector.

One major area of focus in the NFT space among retail investors is blockchain gaming. The meteoric rise of AXS’ value could be attributed to a large extent to the massive interest in NFT gaming.

As of August 2021, this market had a total valuation of nearly $180 billion, with the value expected to surpass $200 billion in the coming months.

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It appears that the IEO season is coming back as the newest project that saw its listing on the Binance Launchpad charted massive gains of about 1800% upon being launched.

Binance IEO SafePal (SFP) Goes Parabolic

Investors in the latest Initial Exchange Offering (IEO) that took place on the Binance Launchpad platform saw handsome gains of up to 1800%.

SafePal (SFP) saw its listing price at $0.10 and skyrocketed up to $1.9 in the first moments after its listing. While it can be argued that it’s impossible to get the orders filled at that high point, the price is currently trading at around $1.3, which is still 1200% more than its listing price.

It’s worth noting that the latest IEO had a completely different launching mechanism compared to the previous ones,, which were handled through the Launchpool.

In order to participate in this one, users had to commit their BNB, and the total amount of SFP tokens that they would receive was calculated based on the average number of their BNB held through a certain period.

In any case, the results are evident as it’s one of the most successful IEOs ever to be held on the platform in terms of initial returns.

The IDO Craze Catches Up

It appears that the market euphoria is catching up in every aspect. What became popular a few months back as an Initial DEX Offering (IDO) is currently one of the biggest trends in the DeFi space, and the hype around it might just as well transition to the Binance Launchpad.

IDOs are particularly popular right now, and they are predominantly held on the Polkastarter platform where users share in a pool of tokens that, after distribution, get listed on Uniswap by the team behind the project. Most of the project see astronomical gains, with one of the most recent ones being Option Room – a protocol, the token of which surged by a whopping 100x in a matter of minutes after its Uniswap listing.