Animoca Brands Secured $5M for NFT Marketplace Quidd Via Presales & IDO

By Robin Wong | November 23, 2021

Quidd – an Animoca Brands subsidiary that serves as a marketplace for digital collectibles – has successfully secured $5 million in private pre-sales and an initial DEX offering (IDO). 

Specifically, the token sale was reportedly organized and finalized on Polkadot project incubator Polkastarter on November 18th. The distribution of 2 million QUIDD tokens for U$0.25 a piece sold out in a matter of minutes, obtaining $500,000.

In early November, the private sale of the Ethereum-powered QUIDD tokens secured $4 million from investors including Binance Smart Chain Growth Fund, Genesis Block Ventures, Kingsway, Mind Fund Group Ltd, Sanctor Capital, OneFootball, and other angel investors.

Throughout the Nov. 3 pre-sale on the Animoca Brands’ Launchpad, 1,001 vouchers were sold completely in 22 minutes, with the voucher individually having the price of approximately $500, bringing the overall value of the pre-sale to $500,000.

The vouchers will reportedly be redeemable for 2,500 QUIDD tokens after May 3rd next year. 

After the success status of the IDO, the token was reportedly rolled out officially for trading, across the Binance Smart Chain decentralized exchange platform, PancakeSwap.

The tokens at the moment is up for trading for Wrapped BNB (WBNB), as well as a number of Animoca-owned tokens, nominally Tower (TOWER), REVV (REVV), Lympo Market Token (LMT), Prosper (PROS), and Bondly (BONDLY).

At the moment, the price of the token is $3.28 – a 1,212% surge from the IDO price of $0.25. It’s down 31.9% from the all-time high of $4.73 on Nov. 20, and there is a total supply of one billion tokens.

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