Quidd, a marketplace for digital collectibles and a subsidiary of Animoca Brands, a Hong Kong-based game software company and venture capital company specializing in blockchain gaming has raised a total of $5 million in private pre-sales and an initial DEX offering (IDO).
The token sale took place on Polkadot project incubator Polkastarter. The allocation of 2 million QUIDD tokens at a price of US$0.25 per token sold out in under an hour, raising $500,000.
Earlier in November, the private sale of the Ethereum-based QUIDD tokens raised US$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.
During the November pre-sale on the Animoca Brands’ Launchpad, 1,001 vouchers sold out in 22 minutes. Each voucher cost around $500, bringing the total value of the pre-sale to $500,000.
Following its successful IDO, the token was made available for trading on the Binance Smart Chain decentralized exchange platform, PancakeSwap. The tokens can currently be traded for Wrapped BNB (WBNB), and a number of Animoca-owned tokens.
