QUIDD token raises US$5 million from Binance Smart Chain Growth Fund and others
Strong support for QUIDD utility token private sale, pre-sale, IDO; QUIDD now available on PancakeSwap
19 November 2021, New York City - Quidd, the digital collectibles company and a subsidiary of Animoca Brands, announced today that the QUIDD token has raised a total of US$5 million via private sale, pre-sale, and IDO, and is now available on PancakeSwap.
Quidd is the first marketplace built for buying and selling limited-edition, individually serialized digital collectibles. With its easy-to-understand user interface and experience, Quidd is an appealing provider of digital collectibles for the general public. The QUIDD token is the ERC-20 utility token for the Quidd community of collectors, creators, and developers.
The QUIDD token initial DEX offering (IDO) took place on 18 November 2021 on Polkastarter. The allotment of 2 million QUIDD tokens at a price of US$0.25 per token sold out in under an hour, raising US$500,000.
Subsequently, the QUIDD token listed on PancakeSwap paired with WBNB, REVV, TOWER, LMT, PROS, and BONDLY. The price of the token at the time of writing is US$1.26, representing a 404% increase from the IDO price of US$0.25.
Earlier this month, the private sale of the QUIDD token 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.
On 3 November 2021, Quidd held a presale on the Animoca Brands Launchpad during which 1,001 vouchers were sold out in 22 minutes for a total of approximately US$500,500. Each voucher cost approximately US$500 and can be used to redeem 2,500 QUIDD tokens after 3 May 2022.
Yat Siu, executive chairman and co-founder of Animoca Brands, commented: "Quidd and the QUIDD token represent an important effort here at Animoca Brands: the evolution of collectibles into digital formats. Quidd has pioneered digital collectibles since 2016, long before the rise of NFTs. The physical trading card market will be worth nearly $100 billion by 2027, and Quidd is not only taking this massive market into the digital realm but also putting it on blockchain to guarantee true property rights and scarcity for the new era of collecting."
Michael Bramlage, CEO and co-founder of Quidd, commented: “The QUIDD token marks a major next step for the Quidd marketplace, moving us firmly into the world of web 3.0. Older collectibles markets talk about acquiring users to buy and sell. The QUIDD token helps us build a community of the future, one where we talk about members and owners joining and participating. We are thrilled about what’s in store.”
Gwendolyn Regina, investment director of Binance Smart Chain Growth Fund, commented: “Quidd has enabled 7 million collectors to acquire digital collectibles that bring some of their favourite brands and characters closer to their hearts. With this partnership, we extend these beloved collectibles to BSC users and are also able to welcome many more users to the blockchain and crypto world through these NFTs.”
Quidd serves 7 million collectors of limited-edition digital goods, stores more than 2.1 billion pieces of serialized digital artworks, and facilitates at least 6 transactions per second in its secondary marketplace.
With a total supply of 1 billion tokens, the QUIDD token will be the essential currency for digital collectors who wish to access the offerings of Quidd’s marketplace, which is chain-agnostic and will give buyers and collectors the choice to mint their collectibles on their preferred network, such as Ethereum, WAX, and Flow.
In addition to enabling trading activity, the QUIDD token is designed to create long-term value through collector activity and participation. The token imbues holders with voting rights on the deployment of Quidd’s content and licensing budgets. Quidd is open to third-party development, which will generate even more value for the QUIDD token over time.
Quidd is one of the only places to buy and sell digital collectibles for real money and cash out in a full AML compliant manner.
The lightpaper of the QUIDD token is available at: https://qp-protocol-limited.gitbook.io/lightpaper
- END -
About Quidd
Quidd, a subsidiary of Animoca Brands, is the original digital collectibles and NFT marketplace. For over five years, Quidd has facilitated the issuance, sale, and exchange of limited-edition, officially licensed digital collectibles, featuring more than 325 of the world’s most popular brands, including Disney, Game of Thrones, Rick and Morty, and many others. Visit https://market.onquidd.com or one of our social channels below.
Medium (QUIDD token): quiddtoken.medium.com
Twitter (QUIDD token): twitter.com/QUIDDToken
Twitter (Quidd): twitter.com/quidd
Discord (Quidd): discord.gg/xZQx8EKy8R
About Animoca Brands
Animoca Brands, ranked in the Financial Times list of High Growth Companies Asia-Pacific 2021, is a leader in digital entertainment, blockchain, and gamification that is driving digital property rights via NFTs and gaming to help build the open metaverse. It develops and publishes a broad portfolio of products including the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products utilizing hundreds of popular intellectual properties including Formula 1®, Disney, WWE, Power Rangers, MotoGP™, and Doraemon. The company has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Bondly, and Lympo. Animoca Brands has a growing portfolio of more than 100 investments in NFT-related companies and decentralized projects that are contributing to building the open metaverse, including Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Bitski, Harmony, Alien Worlds, Star Atlas, and others. For more information visit www.animocabrands.com or follow on Twitter or Facebook.
Contacts
Quidd: emails@myquidd.com
Animoca Brands: press@animocabrands.com