$PIXEL, the native utility and governance token of Pixels (a social Web3 game in the Ronin Network), is available for farming on the Binance Launchpool. It started earlier today and will end in 10 days. Further details below:
Farming Info:
- Farming Period: 9th February at 00:00 UTC to 18th February at 23:59 UTC
- Eligibility: Only verified users (KYC) residing in supported countries or jurisdictions can participate.
- Rewards: 350 million PIXEL (7% of the maximum token supply)
Supported Assets
1️⃣ Stake BNB and Earn PIXEL
- 80% of the total rewards or 280 million PIXEL are allocated in this pool, 28 million each day.
- The hourly maximum cap per user is set at 116,666.66 PIXEL.
- Users with BNB holdings in the BNB Vault and other Locked products are automatically eligible to receive PIXEL rewards.
- At the time of this writing, more than 15.5 million BNB are currently staked in this pool.
2️⃣ Stake FDUSD and Earn PIXEL
- A total of 70 million PIXEL (20% of the Launchpool rewards) are allotted for this pool during the 10-day farming period, (7 million daily).
- The hourly maximum cap per user is 29,166.66 PIXEL.
- Almost 2 billion FDUSD are staked currently and this may increase further as more people learn about it.
Token Listing
Binance will list PIXEL on the 19th of February at 10:00 UTC, with the following trading pairs:
- PIXEL/BTC
- PIXEL/USDT
- PIXEL/BNB
- PIXEL/FDUSD
- PIXEL/TRY
Note: The token will be listed under the Seed Tag which means it is extremely volatile and the price can have significant fluctuations.
More About Pixels
➡️ Introduction
Pixels is a social farming simulation MMO game that allows players to create, manage, and explore worlds in the Pixel Universe and have fun doing so.
The project Lite Paper described it as "a captivating, open-ended world of farming and exploration." Initial gameplay involves gathering resources, advancing skills, and building relationships. It includes farming, completing quests, cooking and acquiring recipes, and personalization of spaces (Land ownership, Map Builder).¹
Future gameplay will include foraging, pets, breeding flowers, competitions, mini-games, just to name a few. The game can be played by connecting a Ronin Wallet or by using a mobile phone number or an email. Here's a sneak peek at the game's interface.
The game's community is growing. According to data from Binance, there are over 150k active players already, and is seeing explosive growth when it migrated from Polygon to the Ronin chain in October 2023.²
➡️ PIXEL Tokenomics
- Ticker: $PIXEL
- Token Type: ERC-20
- Total Maximum Supply: 5 Billion
- Initial Circulating Supply: 771,041,667 (15.42% of the total token supply)
➡️ Distribution
Vesting will be on a predetermined schedule that will last for 5 years (60 months) from the Token Generation Event. 15.42% of $PIXEL will be unlocked at TGE.³
Here's the distribution based on the documentation:
- Team: 625 million PIXEL (12.5% of Total Token Supply)
- Advisors: 475 million PIXEL (9.5% of TTS)
- Investors: 700 million (14% of TTS)
- Liquidity: 50 million (1% of TTS)
- Ecosystem: 1.7 billion (34% of TTS)
- Treasury: 850 million (17% of TTS)
- Alpha Rewards: 250 million (5% of TTS)
- Binance Launchpool: 350 million PIXEL (7% of TTS)
It is to be noted that the project has raised $4.8 million from 3 rounds of private token sales as of February 8, 2024.
➡️ PIXEL Utility
In-game Currency: PIXEL will be used for NFT minting, VIP memberships, for users to join Guilds, upgrade in-game features, etc.
Other use cases mentioned in the Lite Paper include using PIXEL to speed up build times, unlock new skins, new crafting recipes, temporarily boost energy, and others.
For Governance: PIXEL will be used to govern a community treasury.
Summing Up
The game, Pixels saw a significant increase in its daily active users in the last quarter of 2023 when it migrated to the Ronin chain. It was originally on the/ Polygon network. PIXELS is the main currency of the game.
Eligible Binance users can farm the token for 10 days by staking BNB and FDUSD through the Launchpool.
The token will be opened for trading on the Binance exchange on 19th February.
For further information, check out the following sources:
- Pixels Website / X Account / Medium / Lite Paper / Announcement / Research