Binance announces the launch of Pixels (PIXEL) on its Launchpool, a social web3 game on the Ronin Network, offering BNB and FDUSD holders a unique opportunity to farm PIXEL tokens before its trading debut.
Binance, a leading global cryptocurrency exchange, has officially announced the introduction of Pixels (PIXEL), the 46th project to grace its Launchpool platform. PIXEL, a pioneering social web3 game developed on the Ronin Network, marks a significant milestone in the evolution of blockchain-based gaming and community building.
Unveiling PIXEL: The Future of Social Gaming on Blockchain
Pixels (PIXEL) emerges as a novel concept in the realm of web3 gaming, blending immersive social interactions with the decentralized ethos of blockchain technology. Built on the robust Ronin Network, PIXEL aims to redefine user engagement by fostering a vibrant, interactive community where players can truly own and control their digital assets and gaming experiences.
How to Participate: Staking, Farming, and Rewards
Binance users are poised to experience the innovative farming mechanism offered by PIXEL. Starting from February 9, 2024, participants will have the opportunity to stake their BNB and FDUSD into designated pools to farm PIXEL tokens over a span of ten days. This initiative not only enhances the utility of BNB and FDUSD within the Binance ecosystem but also democratizes access to PIXEL tokens ahead of their official trading debut.
Tokenomics and Launchpool Details:
Max Token Supply: 5,000,000,000 PIXEL
Launchpool Token Rewards: 350,000,000 PIXEL (7% of max token supply)
Initial Circulating Supply: 771,041,667 PIXEL (15.42% of max token supply)
Smart Contract Platform: Ethereum and Ronin
Staking Requirements: KYC compliance
The allocation of PIXEL rewards is strategically designed to incentivize participation in both BNB and FDUSD pools, with an 80:20 split favoring BNB stakers. This approach ensures a broad-based distribution of tokens, catering to diverse user preferences and staking capacities.
Listing and Trading: A New Market Entrant
Binance is set to list PIXEL on February 19, 2024, enabling trading across multiple pairs, including PIXEL/BTC, PIXEL/USDT, PIXEL/BNB, PIXEL/FDUSD, and PIXEL/TRY. This listing underscores Binance’s commitment to expanding its trading ecosystem with innovative and promising projects like PIXEL.
Beyond Gaming: PIXEL’s Vision for Web3 Social Ecosystems
PIXEL’s integration into the Binance Launchpool is more than just a gaming project launch; it’s a testament to the evolving landscape of web3 technologies and their potential to create meaningful, user-centric online communities. With its unique focus on social interaction within the gaming sphere, PIXEL sets a new benchmark for future blockchain projects.
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Source: https://blockchain.news/news/binance-to-launche-pixel-on-launchpool