Popular Blockchain Game Pixels Launches PIXEL Token, Sees Price Surge
The blockchain farming and social game Pixels has successfully launched its PIXEL token, following several play-to-airdrop campaigns and a Binance Launchpool rewards program. The token has already seen a rise in value, with a current price of over $0.58 per data from CoinGecko, representing a 15.8% increase since its debut. With a market cap of $441 million based on the circulating supply, PIXEL is now among the top 200 most valuable cryptocurrencies. The total supply of PIXEL tokens is 5 billion, with about 771 million currently circulating. Binance held a rewards campaign for customers who staked Binance Coin or FDUSD stablecoin in liquidity pools for the gaming tokens.
Pixels’ Surprise Airdrop and Game Details
Over the weekend, Pixels developers announced a surprise 20 million PIXEL airdrop for supporters who had staked Ronin’s RON token. This move aimed to reward network supporters and boost engagement. While Ronin’s price experienced a dip, it remains up 17% over the past week after reaching a two-year-high price earlier this month. Pixels is a retro-style farming game similar to Harvest Moon and Stardew Valley but with a crypto token economy and NFT land plots and pets. The game initially operated on Polygon but migrated to Ronin last fall, resulting in significant adoption for the gaming-centric sidechain.
Pixels Boosts Ronin’s Growth as Gaming Blockchain Network
Pixels played a crucial role in driving adoption for Ronin, with daily active users surging from around 20,000 last fall to approximately 700,000 recently. Sky Mavis, the developer behind Axie Infinity, launched Ronin in 2021 but gradually onboarded more studios and games. Ronin has now become a prominent gaming blockchain network in the industry. Players who participated in Pixels’ play-to-airdrop campaigns received token allocations last week, which can now be redeemed with the launch of the PIXEL token.
Hot Take: The PIXEL Token Launch Positions Pixels as a Major Player in Gaming and Crypto
The successful launch of the PIXEL token and its subsequent rise in value solidify Pixels’ position as a significant player in both the gaming and cryptocurrency industries. With its unique retro-style farming game, crypto token economy, and NFT features, Pixels has attracted a large user base and contributed to the growth of Ronin as a popular gaming blockchain network. The surprise airdrop and rewards program further incentivized engagement and support from the community. As the PIXEL token continues to gain momentum, it will be interesting to see how Pixels expands its offerings and influences the intersection of gaming and crypto.
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