PIXEL Staking Rewards Unveiled by Binance as Pixels’ Token Launch Date Nears

Binance Launchpool plans to offer a total of 350 million PIXEL tokens as staking prizes before the launch of the Ronin gaming token scheduled for this month.

Pixels, a well-known crypto game that operates on the Ronin network, stated on Wednesday night that it will introduce the game’s token together with a Binance Launchpool promotion. It will offer players token incentives as rewards.

Players Can Earn Pixel In Return For Their Stakes

Binance said it will introduce the token alongside its Launchpool promotion. This new initiative will allow Binance customers to receive PIXEL in exchange for staking either the FDUSD stablecoin or Binance’s BNB in dedicated liquidity pools. Altogether, 350 million PIXEL tokens will be distributed during the Launchpool campaign, constituting 7% of the whole token supply.

The launch pool campaign commences on February 9 and will continue for 10 days. This program will culminate with the listing of the PIXEL token on the Binance exchange on February 19. It would mark the official launch date of the PIXEL token, making it available for trading starting from that day.

It is not yet known if PIXEL tokens will be airdropped to players who succeeded in the play-to-airdrop campaigns of the game. Based on the outcome of in-game incentive programs, around 28,000 wallets are qualified for the PIXEL airdrop.

Pixel Is Set To Enhance Gaming Experience and Scalability

Pixels is a life simulation and farming game that operates on an Ethereum scaling network, Ronin, which is tailored for gaming. Previously, the game operated on another scaling solution, Polygon, but transitioned to Ronin last fall.

Between the play-to-airdrop and migrating plans, Pixels has seen a significant increase in daily active players on Ronin, primarily linked to the monster-battling game Axie Infinity.  Approximately 20,000 active users on Ronin during November spiked to 665, 000 as of Thursday.

Following the upcoming launch of PIXEL, Pixel revealed that it will unveil its present BERRY in-game “soft currency” token with a focus on helping retain the game’s token economy. Pixels aims to provide an exchange for the token, swapping them at a rate of 1,000 BERRY for 7.6175 PIXEL.

PIXEL serves as the native governance and utility token within the Pixels ecosystem and is utilized for various functions, including NFT Minting, In-game currency, and VIP Membership.