7% of the asset’s total supply has been allocated to the farming program

Binance announces the farming and listing of the Web 3.0 game Pixels token

08.02.2024 - 11:58

305

2 min

What’s new? Crypto exchange Binance will launch the farming of the native token of the Web 3.0 game Pixels on the Ronin Network blockchain. Users will be able to stake their BNB exchange tokens and FDUSD stablecoins in dedicated pools to farm PIXEL for ten days starting February 9, 00:00 UTC.

The exchange’s announcement

What else is known? At the end of the farming program, Binance will list PIXEL. Trading of the asset paired with bitcoin, BNB, USDT, and FDUSD stablecoins, and the Turkish lira will open on February 19 at 10:00 UTC.

PIXEL will be added to the platform with a Seed Tag, which is assigned to new projects and warns users of possible increased volatility.

The maximum supply of PIXEL was 5 billion coins, 7% of this volume will be allocated to the Binance Launchpool rewards program (350 million). The initial circulating supply will be 771 041 667 PIXEL or 15,42% of the maximum supply.

BNB pool participants will be allocated 280 million PIXEL for rewards, while 70 million PIXEL will be distributed among users for FDUSD staking.

Residents of certain countries and regions, including the United States, Canada, Japan, New Zealand, the Netherlands, Belarus, and Crimea, will not be able to participate in the farming program.

Pixels is a Play-to-Earn (P2E) online pixel graphics game where users are encouraged to develop their farm plots and houses, which are non-fungible tokens (NFTs). Users can join guilds and upgrade their in-game items based on their progress.

As of February 8, the project had raised $4,8 million from three closed token sales, where a combined 14% of the PIXEL offering was sold at $0,005, $0,009, and $0,012 per coin, respectively.

After the exchange announcement was published, another token with a similar ticker, PixelVerse, rose by 500%.

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