Quidd, a digital collectibles marketplace and a subsidiary of Animoca brand names, has raised a total of $ 5 million in private sales and an initial DEX offering (IDO).
The token sale took place on November 18 at the Polkadot project incubator Polkastarter. The allocation of 2 million QUIDD tokens at $ 0.25 each sold out in less than a month, raising $ 500,000.
Earlier this month, a private sale of the Ethereum-based QUIDD token raised $ 4 million from investors including Binance Smart Chain Growth Fund, Genesis Block Ventures, Kingsway, Intellect Fund Team Ltd, Sanctor Money, OneFootball and other angel investors .
During the pre-sale on November 3rd on the Animoca Brands launchpad, 1,001 offers were sold out in 22 minutes. Each listing costs about $ 500, bringing the total presale value to $ 500,000. The coupons can be used to redeem 2,500 QUIDD tokens after May 3, 2022.
After his successful IDO, the token was made available for trading on the decentralized exchange Binance Intelligent Chain PancakeSwap. Tokens can now be traded against Wrapped BNB (WBNB) and several tokens owned by Animoca, including Tower (TOWER), REVV (REVV), Lympo Market Place Token (LMT), Prosper (Execs) and Bondly (BONDLY).
The current price of the token is $ 3.28, up 1.212% from the IDO price of $ 2.25. It’s down 31.9% from its all-time high of $ 4.73 on November 20 and has a total supply of one billion tokens.
Quidd is the premier marketplace for buying and selling custom serialized limited edition digital collectibles. The QUIDD token is an ERC-20 utility token for the Quidd community of collectors, creators and developers.
– Animoca brand (@animocabrands) November 19, 2021
Animoca Manufacturers is a Hong Kong-based game software and venture capital company that specializes in blockchain games.
Yat Siu, executive chairman and co-founder of the company, said the QUIDD token represents “the evolution of collections into digital formats”.
Michael Bramlage, CEO and Co-Founder of Quidd added that this token marks the transition from Quidd to the internet 3.
“Second-hand collector’s markets are about getting users to buy and sell. The QUIDD token helps us to build a community of the future. ”
Related: Animoca and Harmony acquire Quidd to expand sales of crypto collectibles
The Quidd marketplace has 7 million users and over 2.1 billion non-erasable works of art for sale.
In an announcement shared with Cointelegraph, Quidd described its market as “chain agnostic” and noted that the token “gives buyers and collectors the opportunity to mint their collectibles” on their preferred networks such as Ethereum, WAX and Flow. ”
The QUIDD tokens also entitle the holder to voting rights in the use of the content and the license budget of Quidd.
On October 21, Animoca raised $ 65 million with over 43.8 million newly issued shares at $ 1.51 per share.