Quidd, a platform for digital collectibles and a subsidiary of Animoca Brands, has raised a total of $5 million through private and pre-sales, as well as an IDO of the QUIDD token.
The initial listing of QUIDD on the DEX took place on November 18, 2021 on the Polkastarter platform. In less than an hour 2 million QUIDD were sold at $0.25 per token, bringing in $500,000.
Earlier, during the private token sale, QUIDD raised $4 million from a group of investors, including Binance Smart Chain Growth Fund, Genesis Block Ventures, Kingsway, Mind Fund Group Ltd, Sanctor Capital, OneFootball and other angels.
On November 3, Quidd conducted a pre-sale on Animoca Brands Launchpad, during which in 22 minutes it sold 1,001 vouchers for a total of $500,500.
Each voucher priced at $500 may be redeemed for 2,500 QUIDD tokens after May 3, 2022.
QUIDD is a utility token of the ERC-20 standard for the community of collectors, creators and developers on the Quidd platform. The total supply will be 1 billion tokens.
After the IDO the token was listed on PancakeSwap and trades in pairs with WBNB, REVV, TOWER, LMT, PROS and BONDLY. At the time of writing, the QUIDD price stood at $3.36 (CoinGecko), which is 1,244% above the issue price.
In October, Animoca Brands secured financing of $65m at a $2.2bn valuation.
Earlier, the company entered into a binding agreement to acquire a controlling stake in the NFT platform Bondly.
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