Pixelverse Launches PIXFI Token with 30% Community Airdrop: Price Soars

General

TLDR

  • Pixelverse,
    a
    crypto
    gaming
    platform
    on
    The
    Open
    Network
    (TON),
    launched
    its
    native
    token
    PIXFI.
  • The
    token
    rose
    nearly
    50%
    in
    value
    shortly
    after
    launch
    before
    pulling
    back.
  • Pixelverse
    is
    airdropping
    30%
    of
    PIXFI’s
    total
    supply
    to
    community
    members.
  • 10%
    was
    airdropped
    to
    holders
    of
    Rare,
    Epic,
    and
    Legendary
    NFT
    collections.
  • Another
    20%
    will
    be
    distributed
    to
    Pixelverse
    and
    Pixelchain
    users
    over
    time.
  • The
    airdrop
    has
    a
    unique
    vesting
    mechanism
    to
    encourage
    long-term
    engagement.

Pixelverse,
a
popular
crypto
gaming
platform
on
The
Open
Network
(TON),
has
launched
its
native
token
PIXFI
with
a
unique
airdrop
strategy
designed
to
reward
long-term
community
engagement.

The
launch,
which
took
place
on
July
18,
2024,
saw
the
token’s
value
rise
by
nearly
50%
in
its
first
hours
of
trading
before
experiencing
a
pullback
later
in
the
day.

The
PIXFI
token,
which
has
a
total
supply
of
5
billion,
is
now
listed
on
several
major
centralized
exchanges,
including
Bybit,
HTX,
Gate,
Bitget,
and
MEXC.

According
to
data
from
CoinMarketCap,
the
token
briefly
approached
a
fully-diluted
market
capitalization
of
$200
million
shortly
after
its
debut.

What
sets
the
PIXFI
launch
apart
is
its
innovative
approach
to
token
distribution.
Pixelverse
is
airdropping
a
total
of
30%
of
PIXFI’s
total
supply
to
community
members.

The
first
phase
of
this
distribution
saw
10%
of
the
tokens
airdropped
to
holders
of
Pixelverse’s
Rare,
Epic,
and
Legendary
non-fungible
token
(NFT)
collections

.
An
additional
20%
of
the
token
supply
will
be
distributed
over
time
to
users
who
actively
engage
with
Pixelverse
and
Pixelchain,
the
studio’s
Layer
2
blockchain
solution.

To
participate
in
the
airdrop,
users
must
have
been
registered
with
PixelTap
or
the
Pixelverse
Dashboard
before
July
18,
2024,
at
00:00
UTC.
Starting
July
25
at
12:00
UTC,
eligible
users
will
have
one
week
to
claim
their
exclusive
NFTs,
which
act
as
keys
to
unlocking
various
tiers
of
the
airdrop.
The
rarity
of
these
NFTs
determines
the
amount
of
PIXFI
tokens
received.

Pixelverse
has
implemented
a
unique
vesting
mechanism
to
discourage
short-term
speculation
and
ensure
long-term
commitment
from
token
holders.
Users
who
claim
their
airdropped
tokens
can
immediately
withdraw
only
10%
of
their
allocation.
The
remaining
90%
requires
continued
participation
within
the
Pixelverse
ecosystem
through
gameplay
and
interaction
with
Pixelchain.

This
approach
mirrors
the
“battle
pass”
system
common
in
traditional
web2
games,
rewarding
active
users
with
progressively
more
tokens.
As
Pixelverse
explained
in
its
airdrop
documentation,
“The
more
you
utilize
Pixelverse
products,
the
more
PIXFI
tokens
you
will
be
able
to
withdraw.”

The
strategy
aims
to
address
issues
that
have
plagued
previous
crypto
airdrops,
where
tokens
are
often
immediately
sold
off,
leading
to
price
crashes
and
community
dissatisfaction.

By
incentivizing
long-term
engagement,
Pixelverse
hopes
to
build
a
more
sustainable
and
active
community
around
its
PIXFI
token
and
Pixelchain
network.

Pixelverse’s
success
is
largely
attributed
to
its
hit
Telegram
game,
PixelTap,
a
cyberpunk-themed
minigame
that
reportedly
attracted
50
million
new
users
in
June
alone.

The
game
is
part
of
the
emerging
“Tap-to-Earn”
social
gaming
phenomenon,
which
rewards
players
for
regular
engagements.

Looking
ahead,
Pixelverse
has
announced
plans
to
deploy
Pixelchain,
a
dedicated
layer-2
scaling
network
on
top
of
TON
with
Ethereum
Virtual
Machine
(EVM)
compatibility.

The
Pixelchain
testnet
is
set
to
launch
next
week,
with
Pixelverse
describing
it
as
the
first
EVM
chain
to
launch
on
TON.
This
development
is
expected
to
further
expand
the
Pixelverse
ecosystem
and
provide
new
opportunities
for
PIXFI
token
utility.

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