Tag: pixel

Binance to Launche Pixels (PIXEL) on Launchpool

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 a significant milestone in the evolution of blockchain-based gaming and community building.

Unveiling PIXEL: The Future of Social Gaming on Blockchain

Pixels (PIXEL) emerges as a novel concept in the realm of web3 gaming, blending immersive social interactions with the decentralized ethos of blockchain technology. Built on the robust Ronin 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: Staking, Farming, and Rewards

Binance users are poised to experience the innovative farming mechanism offered by PIXEL. Starting from February 9, 2024, participants will have the opportunity to stake their BNB and FDUSD into designated pools to farm PIXEL tokens over a span of ten days. This initiative not only enhances the utility of BNB and FDUSD within the Binance ecosystem but also democratizes access to PIXEL tokens ahead of their official trading debut.

Tokenomics and Launchpool Details:

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 Platform: Ethereum and Ronin

Staking Requirements: KYC compliance

The allocation of PIXEL rewards is strategically designed to incentivize participation in both BNB and FDUSD pools, with an 80:20 split favoring BNB stakers. This approach ensures a broad-based distribution of tokens, catering to diverse user preferences and staking capacities.

Listing and Trading: A New Market Entrant

Binance is set to list PIXEL on February 19, 2024, enabling trading across multiple pairs, including PIXEL/BTC, PIXEL/USDT, PIXEL/BNB, PIXEL/FDUSD, and PIXEL/TRY. This listing underscores Binance’s commitment to expanding its trading ecosystem with innovative and promising projects like PIXEL.

Beyond Gaming: PIXEL’s Vision for Web3 Social Ecosystems

PIXEL’s integration into the Binance Launchpool is more than just a gaming project launch; it’s 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 within the gaming sphere, PIXEL sets a new benchmark for future blockchain projects.

Binance Announces PIXEL Airdrop for RONIN Locked Products Holders

In a significant development for cryptocurrency enthusiasts and investors, Binance Earn has officially announced its support for the Pixels (PIXEL) airdrop, exclusively targeting eligible users of RONIN locked products. This move signals Binance’s continued effort to reward its user base and foster the growth of the digital asset ecosystem.

Snapshot and Distribution Details

The PIXEL airdrop is structured to reward users based on their total RONIN locked products subscription amount at the snapshot time. The snapshot, which is crucial in determining user eligibility, was taken on February 8, 2024, at 23:59 (UTC). The airdrop scale is tiered, with rewards increasing in line with the amount of RONIN held at the snapshot time. The PIXEL tokens will be distributed directly to users’ Spot wallets and are expected to be completed by March 18, 2024, 12:00 (UTC).

Eligibility Criteria

To be eligible for the PIXEL airdrop, users must meet several criteria. It is essential that users hold a verified account with at least one active RONIN Locked Products position containing a minimum of 1 RONIN at the snapshot time. Furthermore, the account must be in good standing, without any restrictions imposed. It is important to note that U.S. persons, entities, and users from sanctioned countries are not eligible for this airdrop due to regulatory restrictions.

Implications for Investors

This airdrop serves as a testament to Binance’s commitment to providing value to its user base. By integrating airdrops with its locked products, Binance incentivizes long-term holding and investment within its platform. This strategy not only benefits users through potential airdrop gains but also stabilizes the locked products’ ecosystem by encouraging retention.

Regulatory Compliance

As the cryptocurrency space continues to mature, compliance with regulatory frameworks remains a critical focal point for major exchanges like Binance. The exclusion of U.S. persons and entities from the PIXEL airdrop underscores the complexities of navigating the regulatory landscape. Binance, through its adherence to these regulations, reinforces its position as a responsible player in the global market.

Market Volatility and Investment Caution

In line with responsible trading practices, Binance reminds its users that the digital asset market is subject to high risk and price volatility. Investments can fluctuate in value, and past performance is not indicative of future results. Users are encouraged to make informed decisions, considering their financial situation and risk tolerance, and to seek independent financial advice if necessary.

Conclusion

The PIXEL airdrop is a clear indicator of Binance’s user-centric approach and its ability to adapt to the evolving needs of the cryptocurrency community. As the platform continues to expand its offerings, users can look forward to more such initiatives that enhance their investment journey.

Exit mobile version