Binance Introduces Pixels (PIXEL) as 46th Project on Launchpool

Binance Introduces Pixels (PIXEL) as 46th Project on Launchpool

UTC by Benjamin Godfrey · 3 min read
Binance Introduces Pixels (PIXEL) as 46th Project on Launchpool
Photo: Shutterstock

PIXEL serves as the native utility and governance token within the Pixels ecosystem, facilitating various functions such as NFT minting, VIP membership, Guild participation, quality-of-life upgrades, and governance of the community treasury.

Binance, the world’s leading crypto exchange, continues its commitment to expanding its offerings by introducing Pixels (PIXEL), a social Web3 game built on the Ronin Network as the 46th project on its Launchpool platform. 

Pixels’ Launch Details

Known as a hub for several innovative projects, the announcement from Binance reveals exciting details about the launch of PIXEL tokens through Launchpool. Users will have the opportunity to stake their BNB and FDUSD into separate pools to farm PIXEL tokens for ten days, starting from February 9th, at 00:00 (UTC). Binance added that the Pixels webpage is expected to go live within 24 hours, just before the Launchpool commences.

Following the farming period, Binance will list PIXEL on February 19th at 10:00 (UTC), and trading will commence with PIXEL/BTC, PIXEL/USDT, PIXEL/BNB, PIXEL/FDUSD, and PIXEL/TRY trading pairs. Notably, a Seed Tag will be applied to PIXEL, indicating its status as a newly launched project on Binance.

According to the provided information, PIXEL has a maximum supply of 5,000,000,000 tokens, with an initial circulating supply set at 15.42% of the total, a figure equivalent to 771,041,667 PIXEL tokens. Additionally, Binance has allocated 350,000,000 PIXEL tokens, accounting for 7% of the maximum token supply, as Launchpool token rewards.

Pixels: A Game Changer in Web3 Gaming

Understanding the importance of community involvement, Pixels’ development is driven by a commitment to empower gamers within the Web3 ecosystem. With a focus on player ownership of in-game items and assets, PIXEL aims to leverage Web3 technology to create a competitive gaming environment. The project is rooted in the ethos of decentralization and aims to harness the potential of blockchain to redefine the gaming experience.

Pixels stands out for its unique approach to game development, integrating Web3 functionality into its gameplay. The game’s complex mechanics include resource gathering, progression, upgrading, and Player-to-Environment (P2E) economics, offering players a dynamic and engaging experience. Since its inception in 2022, Pixels has demonstrated rapid and deliberate development, with over 60 public updates released to date.

At the heart of Pixels lies its vibrant community, with the project boasting over 150,000 daily active players as of today. Moreover, the integration of over 90 other Web3 projects into its gameplay highlights its commitment to collaboration and innovation within the ecosystem.

In terms of funding, Pixels has raised $4.8 million through three rounds of private token sales. Notably, 14% of the PIXEL token supply has been sold at varying prices during the capital raise, reflecting investor confidence in the project’s potential.

PIXEL serves as the native utility and governance token within the Pixels ecosystem, facilitating various functions such as NFT minting, VIP membership, Guild participation, quality-of-life upgrades, and governance of the community treasury. The ecosystem comprises several interconnected systems, including Play-to-Earn (P2E) mechanics, Farm Land NFTs, customization options, and a Web3 reputation system.

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