Pixelverse, a popular NFT and TON-based gaming platform, has seen its native token, $PIXFI, skyrocket after a successful airdrop and exchange listings.
Airdrop Fuels Price Rise:
- On July 18th, Pixelverse launched $PIXFI, distributing 10% of its supply through an airdrop for holders of rare, epic, and legendary NFTs.
- This generated significant buzz, pushing the token's price over 100% within its first day. Market capitalization briefly reached $300 million before a slight correction.
Exchange Listings and Future Distribution:
- $PIXFI is now listed on major exchanges like Bybit, HTX, Gate.io, Bitget, and MEXC.
- Pixelverse plans to distribute another 20% of its token supply to platform users over time, fostering long-term engagement.
Unique Staking Mechanism:
- To counter potential sell-offs, Pixelverse employs a unique staking system for airdropped tokens.
- These tokens are automatically staked, with immediate withdrawal incurring a 90% penalty. This aims to stabilize the price and encourage long-term holding.
Building a Thriving Community:
- Pixelverse thrives on its popular game, PixelTap, a Telegram-based "tap-to-earn" minigame attracting millions with its simple gameplay and rewards.
- In June alone, PixelTap saw a reported influx of 50 million new users.
- The addition of Pudgy, a character from the renowned Pudgy Penguins NFT collection, further bolsters community engagement.
Financial Backing and Future Outlook:
- Pixelverse secured $5.5 million in funding in May to support its ecosystem's growth.
- The successful $PIXFI launch and airdrop strategy solidify their position in the NFT and gaming spheres, promising exciting innovations and community-driven development.
Price Speculation and User Guidance:
- While $PIXFI surged initially, the cryptocurrency market remains volatile. Informed decisions are crucial.
- Coingabbar, a crypto information platform, offers valuable resources on listings, airdrops, and presales.
July 2024, Cryptoniteuae