As a seasoned researcher with extensive experience in the crypto space, I’m always on the lookout for promising projects that show potential for significant growth. The recent surge in Pixelverse (PIXFI) has certainly piqued my interest, and after delving deep into their latest developments, I’m optimistic about its future prospects.
On Friday, the cost of Pixelverse increased due to investor enthusiasm following its debut on prominent cryptocurrency platforms such as Bybit, HTX, and Gate.
On Friday, the freshly debuted PIXFI token was priced at around $0.0886 in the markets, resulting in a market capitalization exceeding $451 million.
In a significant leap forward, Pixelverse experienced a surge in growth following the introduction of perpetual staking by its developers. This innovative feature enables token holders to earn returns continuously just by keeping their tokens in the system. The beauty of perpetual staking lies in the fact that users only need to stake once to reap rewards from the entire ecosystem.
During the initial phase of staking, participants were rewarded with various loot boxes categorized as common, uncommon, rare, epic, and legendary. Items hidden within the legendary loot boxes are uniquely reserved for staking activities. These could include clothing items, masks, or real estate vouchers.
As a crypto investor, I’m excited about the recent developments from the Pixelverse and Pixelchain team. Just one day after announcing their airdrop where all users received NFT rewards, they introduced a new perpetual staking feature. For me, this means that I can now earn passive income by staking my PIXFI tokens indefinitely. The NFT rewards, which include rare, epic, and legendary tokens, are claimable on July 25th. Out of the total 100% allocated for NFTs, 10% were given to holders of these special tokens, while an impressive 20% went to users of Pixelverse and Pixelchain.
The “Pixelverse Airdrop”: Rewarding Devoted Community Members with PIXFI Tokens
In preparation for our Token Generation Event (TGE) and airdrop, Pixelverse is innovating airdrop distribution methods to ensure equity for our dedicated community.
Highlights
All registered users will…
— Pixelverse (@pixelverse_xyz) July 18, 2024
In an innovative move to combat dumping and bot activity, Pixelverse implemented a system where users could only claim 10% of their airdrop immediately upon receiving it. The remaining 90% went back into the community incentive pool, which was then used to reward other members for their engagement and participation.
In recent months, there’s been significant expansion for Pixelverse within the TON platform, drawing in over 75 million total users and an impressive 15 million active users each day.
The developers have introduced the Playground demo and formed alliances with other systems such as Pudgy Penguins, Notcoin, and Coq Inu. Additionally, they have constructed Pixelchain, which serves as the initial layer-2 network for the TON Network.
A layer-2 network represents a secondary chain built upon a primary blockchain, such as Ethereum, to alleviate its burden and enhance transaction speed and affordability. Notable examples of Ethereum layer 2 networks include Polygon (previously Matic Network) and Arbitrum. These sidechains offer improved transaction speeds and reduced costs compared to the parent Ethereum blockchain.
Pixelverse browser launch ahead
In August, the mobile browser release is expected to serve as the next significant trigger for the Pixelverse token. This browser simplifies user engagement within the ecosystem, providing an opportunity to potentially reap rewards.
One potential risk for the PIXFI token is that it may experience price fluctuations similar to other cryptocurrencies following an initial surge after an airdrop. For instance, Wormhole (W) saw a significant price increase to $1.8540 post-airdrop, but later declined sharply to $0.30 as the hype subsided.
Just like zkSync’s token reached a peak of $0.40 following its distribution, and later dipped to $0.18, similar price trends were observed for recent airdrops such as MOTHER by Iggy Azalea and DADDY by Andrew Tate. Both experienced upward surges before experiencing declines within a few days.
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2024-07-19 20:08