axs coin issuance price

The Axie Infinity Shard (AXS) coin was released in November 2020 with an issuance price of $0.0205. Following the issuance, AXS coin prices surged, reaching an all-time high of $157.75 in November 2021. AXS coin is the governance token of the Axie Infinity ecosystem and is used for: 1) governance; 2) staking; 3) in-game currency.

AXS Coin Issuance Price

Issue Price: 0.0205 USD

Issuance details:

The AXS (Axie Infinity Shard) coin conducted an initial DEX offering (IDO) on November 7, 2020, with an issuance price of $0.0205.

IDO was conducted on the Binance Launchpad platform and raised $2 million. The Axie Infinity team issued a total of 100 million AXS tokens, 11% of which were sold in the IDO.

Price changes after issuance:

After the IDO, the price of AXS coins experienced a significant increase. In February 2021, its price crossed $1. It then reached an all-time high of $157.75 in November 2021.

Purpose of AXS Coin:

AXS Coin is the governance token in the Axie Infinity ecosystem. It has the following main uses:

• Governance: Players who hold AXS coins can vote on ecosystem decisions.
• Staking: Players can stake AXS coins to earn rewards and support network security.
• In-Game Currency: AXS Coins can be used to purchase items and services in the Axie Infinity game.

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