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 ahead of its commercial 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 an important milestone in the evolution of blockchain-based gaming and community building.
Revealing PIXEL: The future of social gaming on the blockchain
Pixels (PIXEL) are emerging as a new concept in the realm of web3 gaming, blending compelling social interactions with the decentralized ethos of blockchain technology. Built on Ronin’s robust 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: betting, farming and rewards
Binance users are ready to experience the innovative farming mechanism offered by PIXEL. Starting on February 9, 2024, participants will be able to stake their BNB and FDUSD into designated pools to generate PIXEL tokens for a period of ten days. This initiative not only improves the utility of BNB and FDUSD in the Binance ecosystem, but also democratizes access to PIXEL tokens ahead of their official trading debut.
Tokenomics and Launchpool details:
Maximum amount of tokens: 5,000,000,000 PIXEL
Launchpool Token Rewards: 350,000,000 PIXEL (7% of maximum token supply)
Initial Circulating Supply: 771,041,667 PIXEL (15.42% of maximum tokens)
Smart Contract Platform: Ethereum and Ronin
Wagering Requirements: KYC Compliance
The PIXEL prize distribution is strategically designed to drive participation in both BNB and FDUSD pools, with an 80:20 split in favor of BNB bettors. This approach provides a wide distribution of tokens to suit different user preferences and staking capacity.
Listing and Trading: New Market Entrant
Binance is set to list PIXEL on February 19, 2024, allowing trading of multiple pairs including PIXEL/BTC, PIXEL/USDT, PIXEL/BNB, PIXEL/FDUSD and PIXEL/TRY. This registration highlights Binance’s commitment to expanding its trading ecosystem with innovative and promising projects like PIXEL.
Beyond Gaming: PIXEL’s Vision for Web3 Social Ecosystems
Integrating PIXEL into Binance Launchpool is more than just launching a gaming project; it is 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 in gaming, PIXEL sets a new standard for future blockchain projects.
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