Binance Launches 46th Project on its Launchpool: Pixels, a Web3 Game on Ronin Network

Binance has introduced its 46th launchpool project, Pixels (PIXEL), a social Web3 game operating on the innovative Ronin Network. 

Pixel aims to provide users with an immersive gaming experience in decentralized finance (DeFi). Last October, Pixels was launched on the Ronin network with $BERRY serving as its primary in-game currency. 

$BERRY operates on the Ronin chain, employing an inflationary model that avoids a fixed supply. This unique feature facilitates free-to-play game loops within the Pixels Universe. Gamers can deposit or withdraw $BERRY to and from their in-game wallets through the Dashboard, setting the stage for future trading on Katana.

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$PIXEL: The Exclusive Native Token

The native token of Pixels, $PIXEL, is powered by Ethereum and Ronin smart contracts. Unlike $BERRY, which follows an inflationary model, $PIXEL operates with a maximum supply of 5 billion, providing a more exclusive and challenging avenue for users. 

With an initial circulating supply of 15.42%, $PIXEL stands as a premium in-game currency that promises distinct utility.

While $BERRY can be easily acquired through in-game interactions, $PIXEL poses a more formidable challenge. 

Earning $PIXEL requires players to prove their gaming prowess by completing challenging tasks or actively contributing to the ecosystem's growth.

In 2023, Pixels became one of the most popular Web3 games, boasting a Daily Active User (DAU) count surpassing 180,000.

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Participation Details and Launchpool Dynamics

To participate in the PIXEL Launchpool, users can engage in staking and farming activities on the Binance platform. The Launchpool introduces specific hourly hard caps per user for each pool, ensuring fair participation and equitable distribution of rewards. 

There are two supported pools, BNB and FDUSD, with rewards allocated based on the proportion of assets staked in each. Notably, 80% of rewards are designated for the BNB pool, while the remaining 20% go to the FDUSD pool.

Staking Binance Coin (BNB) and FDUSD enable participants to earn PIXEL tokens over a specified period. By locking these assets into designated pools, participants will receive PIXEL rewards based on their contribution.

The PIXEL Launchpool's farming period is set to commence on February 9, 2024, at 00:00 (UTC), and will run until February 18, 2024, at 23:59 (UTC).