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Binance reveals PIXEL staking rewards as launch date approaches

In this post:

  • Binance has revealed the rewards that users will get from staking PIXEL as its launch date draws closer.
  • Transitioning towards sustainability with PIXEL.

The impending debut of the PIXEL token heralds a significant milestone for Pixels, a prominent crypto game operating on the Ronin network. Recently unveiled, the plan to introduce the native token coincides with a Binance Launchpool promotion designed to incentivize users with token rewards.

Binance highlights PIXEL staking rewards details

Commencing on Friday, February 9, the Launchpool initiative spans ten days, culminating in the listing of the PIXEL token on Binance Exchange on February 19. Participants in this program can earn PIXEL by staking either Binance’s BNB or the FDUSD stablecoin in designated liquidity pools.

A total of 350 million PIXEL tokens are slated for distribution through the Launchpool campaign, constituting 7% of the overall token supply. An intriguing aspect of the PIXEL token launch involves the potential airdrop of tokens to players who engaged in the game’s play-to-airdrop campaigns.

Approximately 28,000 wallets stand eligible for PIXEL airdrops based on participation in these in-game incentive programs. Pixels distinguishes itself as a farming and life simulation game, harnessing the capabilities of Ronin, an Ethereum scaling network dedicated to gaming. Having previously operated on Polygon, another scaling network, Pixels migrated to Ronin in the autumn of the preceding year.

This transition, coupled with play-to-airdrop initiatives, catalyzed a noteworthy surge in daily active users on Ronin, the blockchain predominantly associated with the immensely popular monster-battling game Axie Infinity. Data from Nansen reflects a substantial increase in Ronin’s active users, rising from approximately 20,000 in November to 665,000 as of the latest update.

Transitioning towards sustainability with PIXEL

Concurrent with the imminent PIXEL token launch, Pixels disclosed plans to phase out its existing in-game “soft currency” token, BERRY, as part of an endeavor to sustain the game’s token economy. In facilitating this transition, Pixels will initiate a token swap, offering to exchange BERRY tokens at a rate of 1,000 BERRY for 7.6175 PIXEL tokens.

The introduction of the PIXEL token signifies a significant milestone for the crypto gaming ecosystem, augmenting the utility and value proposition of blockchain-based gaming platforms. Bolstered by the support of prominent entities like Binance and the burgeoning adoption of Ronin as a preferred blockchain solution for gaming, Pixels seeks to capitalize on this momentum to cultivate a vibrant and sustainable gaming community while advancing broader adoption of decentralized finance (DeFi) principles within the gaming realm.

As anticipation mounts for the official debut of the PIXEL token, enthusiasm among crypto enthusiasts and gaming aficionados continues to escalate, underscoring the burgeoning convergence of blockchain technology and gaming innovation.

With its distinctive blend of gameplay mechanics, tokenomics, and community-driven initiatives, Pixels is poised to carve out a distinctive niche within the burgeoning landscape of blockchain-based gaming experiences. The forthcoming launch of the PIXEL token marks a pivotal moment for Pixels and the broader crypto-gaming ecosystem.

By harnessing the potential of blockchain technology and strategic partnerships, Pixels endeavors to redefine traditional gaming paradigms, ushering in a new era of decentralized gaming and economic empowerment for players worldwide. As the countdown to the PIXEL token launch ensues, all eyes are trained on Pixels and its vision for the future of blockchain gaming.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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