Quidd, a digital collectibles marketplace and a subsidiary of Animoca Brands, has raised a total of $ 5 million in private pre-sales and an initial DEX offering (IDO).
The token sale took place at the Polkadot project incubator, Polkastarter, on November 18. The allocation of 2 million QUIDD tokens at a price of $ 0.25 per token sold out in less than an hour, raising $ 500,000.
Earlier this month, the private sale of the Ethereum-based QUIDD tokens raised $ 4 million from investors, including Binance Smart Chain Growth Fund, Genesis Block Ventures, Kingsway, Mind Fund Group Ltd, Sanctor Capital, OneFootball and others. angel investors.
During the November 3 presale on the Animoca Brands Launchpad, 1,001 coupons were sold out in 22 minutes. Each coupon costs around $ 500, bringing the total value of the presale to $ 500,000. Coupons can be used to redeem 2,500 QUIDD tokens after May 3, 2022.
After its successful IDO, the token became available for trading on the Binance Smart Chain decentralized exchange platform, PancakeSwap. The tokens are currently tradable for Wrapped BNB (WBNB) and various Animoca-owned tokens, including Tower (TOWER), REVV (REVV), Lympo Market Token (LMT), Prosper (PROS), and Bondly (BONDLY).
The current price of the token is $ 3.28, which represents a 1212% increase from the IDO price of $ 0.25. It is down 31.9% from the all-time high of $ 4.73 on November 20, and there is a total supply of 1 billion tokens.
Quidd is the first marketplace created to buy and sell limited edition individually serialized digital collectibles. The QUIDD token is the ERC-20 utility token for the Quidd community of collectors, creators and developers.
- Animoca Brands (@animocabrands) November 19, 2021
Animoca Brands is a Hong Kong based gaming software company and venture capital firm specializing in blockchain gaming.
Yat Siu, CEO and co-founder of the firm, said that the QUIDD token represents the "evolution from collectibles to digital formats."
Michael Bramlage, CEO and co-founder of Quidd, added that the token marks Quidd's movement into the world of web 3.0.
โOlder collectibles markets talk about acquiring users to buy and sell. The QUIDD token helps us build a community of the future. "
Related: Animoca and Harmony acquire Quidd to expand cryptocurrency sales
The Quidd market has 7 million users and more than 2.1 billion non-expendable works of art for sale.
In an announcement shared with Cointelegraph, Quidd described its market as "chain independent," noting that the token "will give buyers and collectors the option to mint their collectibles on their preferred networks, such as Ethereum, WAX, and Flow. ".
QUIDD tokens also entitle voting rights holders to use Quidd content and license budgets.
On October 21, Animoca raised $ 65 million with more than 43.8 million shares just issued at $ 1.51 per share.
