Binance has just revealed its 46th Launchpool project, introducing Pixels (PIXEL), a social web3 game developed on the Ronin Network. This new addition to the Launchpool platform underscores Binance’s unwavering support for cutting-edge blockchain initiatives and shines a light on the increasingly dynamic collaboration between the gaming industry and blockchain technology. For Binance users, January marked a bustling period for Launchpool engagements, setting the stage for this latest venture that promises an unmatched digital adventure.
Scheduled to go live on February 9, 2024, the Launchpool will allow enthusiasts to stake their BNB and FDUSD tokens into designated pools to farm PIXEL tokens over a span of ten days. This strategic move by Binance aims to democratize access to PIXEL tokens, ensuring a fair and equitable distribution mechanism ahead of its official listing on the exchange. By February 19, PIXEL will be tradable against major pairs such as PIXEL/BTC, PIXEL/USDT, among others, signaling a new era of liquidity and accessibility for the token.
The PIXEL project, with a max token supply capped at 5 billion, sets aside 350 million tokens (7% of the total supply) for Launchpool rewards, showcasing a generous approach to engaging the community. The initial circulating supply is pegged at 771 million PIXEL, representing 15.42% of the total token supply, hinting at a carefully calibrated market entry strategy designed to foster stability and growth.
Pixels, at its core, is an expansive, open-ended world where players indulge in farming, exploration, and resource gathering, all the while building relationships and progressing through an intricately designed narrative. The game’s premise lies in blending blockchain ownership with player achievements, offering a unique proposition in the web3 space. As a gateway for millions into web3, Pixels is underpinned by the mission to cultivate a vibrant, engaged community that stands as the backbone of any successful online game.
The project’s roadmap reveals ambitious plans for expansion and development, with future updates aimed at integrating play-to-earn mechanisms, guilds, on-chain reputation systems, and much more. The focus on interoperability and social-fi elements underscores Pixels’ commitment to pushing the boundaries of what’s possible in web3 gaming, aiming to unearth new features that will power the next gaming generation.
Binance’s Launchpool mechanism for PIXEL farming is meticulously designed to ensure fairness and transparency. Hourly snapshots of user balances and pool balances are taken to calculate rewards, which can be claimed and transferred to users’ spot accounts at any time. Moreover, the inclusion of Binance BNB Vault and Locked Products in the Launchpool offers an effortless way for users to participate and benefit from new token rewards.
However, it’s essential to note the geographical restrictions in place, with residents from certain countries unable to participate in farming PIXEL due to regulatory constraints. This aspect highlights the ongoing challenges faced by blockchain projects navigating the complex web of global regulations.
As Pixels prepares to make its mark on the Binance Launchpool and subsequently on the broader crypto and gaming markets, its success will depend on its ability to engage users with its innovative gameplay, community-driven approach, and the seamless integration of blockchain technology into the gaming experience. This venture not only exemplifies Binance’s role as a catalyst for blockchain innovation but also underscores the growing convergence of gaming and blockchain, a trend that is set to redefine entertainment and digital ownership in the years to come.
The launch of Pixels on Binance Launchpool represents a significant milestone in the evolution of web3 gaming, offering a glimpse into the future where blockchain technology and gaming merge to create immersive, interactive experiences. As the community gears up to explore the vast, pixelated landscapes of Pixels, the anticipation is palpable, setting the stage for what could be the next big thing in the digital world.
PIXEL Launchpool Details:
Token Name: Pixels (PIXEL)
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 Details: Ethereum, Ronin
Staking Terms: KYC required
Hourly Hard Cap per User:
116,666.66 PIXEL in BNB pool
29,166.66 PIXEL in FDUSD pool
