HomeNewsQUIDD token raises US$5 Million Via Binance Chain Fund and Others

QUIDD token raises US$5 Million Via Binance Chain Fund and Others

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The digital collectible company, Quidd has announced that their QUIDD token has raised over US$5 Million via private sale, pre sale and IDO and is now on Pancakeswap.

Quidd is one of the webs first marketplace built for buying and selling limited edition, individually serialized digital collectibles. It offers users a easy-to-understand user interface and experience, this leaves the platform with an appealing provider of digital collectibles for the general public.

What is the QUIDD Token? 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 WBNBREVVTOWERLMTPROS, 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.

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


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