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Binance Exchange announced the launch of farming and the addition of a Web 3.0 token for the Pixels game
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Binance Exchange announced the launch of farming and the addition of a Web 3.0 token for the Pixels game

Feb 8, 2024

The cryptocurrency exchange Binance has announced the launch of a farming program for the native token of the Web 3.0 game Pixels on the Ronin Network blockchain. Within this program, users will be able to participate in PIXEL farming for ten days, starting from February 9 at 3:00 Moscow time, by placing their tokens BNB and FDUSD stablecoins in special pools. Upon the program's completion, Binance will add PIXEL to its trading platform.

PIXEL will be listed on the platform with a Seed Tag label, warning users of potential increased volatility. The total maximum supply of PIXEL is 5 billion coins, of which 7% (350 million) will be allocated to the Binance Launchpool rewards program. The initial offering will be 771,041,667 PIXEL or 15.42% of the maximum volume.

Participants in the BNB pool will be allocated 280 million PIXEL as a reward, while participants placing their FDUSD stablecoins will receive 70 million PIXEL.

The farming program is unavailable to residents of certain countries and regions, including the United States, Canada, Japan, New Zealand, the Netherlands, Belarus, and Crimea.

Pixels is an online game with pixel graphics in the Play-to-Earn (P2E) format, where users can develop their farms and homes represented as non-fungible tokens (NFTs). Players can form guilds and upgrade their in-game items based on their progress.

On February 8, the project raised $4.8 million through three closed token sales, where the total volume of PIXEL sold was 14%, with the price per coin ranging from $0.005 to $0.012.

Following the announcement of the PIXEL token farming program, another token with a similar ticker, PixelVerse, surged by 500%.

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