Binance Unveils PIXEL: A Social Web3 Game on Ronin Network
Binance, the leading cryptocurrency exchange, has introduced Pixels (PIXEL), a social web3 game developed on the Ronin Network. This move highlights Binance’s commitment to expanding the crypto landscape and marks its 46th project. PIXEL is a unique social web3 game that operates on the Ronin Network and offers users an immersive gaming experience within decentralized finance (DeFi) and blockchain.
The Introduction of PIXEL Launchpool
Alongside the launch of PIXEL, Binance has also introduced the PIXEL Launchpool on its platform. This initiative enables users to engage in staking and farming activities to earn PIXEL tokens, fostering participation within the growing web3 gaming ecosystem. The upcoming launch of PIXEL has generated anticipation among crypto enthusiasts due to its innovative gameplay and potential rewards.
Participation Details and Launchpool Specifics
To participate in the PIXEL Launchpool, users can stake their Binance Coin (BNB) and FDUSD on the Binance platform. By locking in these assets for a specific period, participants can earn PIXEL tokens as rewards based on their contribution. The farming period for the PIXEL Launchpool will begin on February 9, 2024, at 00:00 (UTC) and end on February 18, 2024, at 23:59 (UTC).
PIXEL Launchpool Specifics
- Token Details: The native token of the PIXEL project is PIXEL, which will be used for in-game transactions and rewards.
- Smart Contract Information: The PIXEL Launchpool operates on both Ethereum and Ronin networks for efficiency and interoperability.
- Staking Terms and Requirements: KYC verification is required for participation in the PIXEL Launchpool to ensure compliance with regulatory standards.
- Hourly Hard Cap per User: Specific hourly hard caps are set for each user in each pool to ensure fair participation and reward distribution.
- Supported Pools and Rewards Allocation: The PIXEL Launchpool supports two pools: BNB and FDUSD. Rewards are allocated based on the proportion of assets staked in each pool, with 80% of rewards going to the BNB pool and 20% to the FDUSD pool.
Participating in the PIXEL Launchpool
Engaging in the PIXEL Launchpool offers participants various benefits, including the opportunity to earn PIXEL tokens through staking and farming activities. By contributing their BNB and FDUSD assets, users can unlock rewards while actively participating in the emerging web3 gaming ecosystem.
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