Pixelverse, a rapidly rising cryptocurrency gaming brand partly due to the success of PixelTap on Telegram, launched the PIXFI token on The Open Network (TON) on Thursday and revealed plans to reward players through an airdrop.
PIXFI is currently trading at approximately $0.037 at the time of writing, up over 76% since its launch.
The PIXFI token has a total supply of 5 billion, and a representative from Pixelverse confirmed that 13.6% of that is currently in circulation, giving the token a market capitalization of around $17 million. It has accumulated approximately $42 million in trading volume so far.
Despite the current price surge, the launch of PIXFI has paved the way for the next steps of Pixelverse, including offering token rewards to players through an airdrop.
According to a Telegram post on Thursday, Pixelverse will allow PixelTap players to receive NFTs starting July 25, with the rarity of the NFTs dependent on their in-game level.
PixelTap players and Pixelverse dashboard users holding Rare, Epic, or Legendary level NFTs will be able to claim PIXFI tokens through the airdrop, while Common or Uncommon NFT holders will not receive a token allocation.
However, there is a crucial factor to consider. Users opting to claim their PIXFI immediately will only be able to take 10% of the allocated tokens, with the remaining 90% “redistributed into the PIXFI community incentive pool.”
Players can earn more or the entire allocated amount by continuing to play PixelTap and/or using the Pixelverse dashboard. This is not time-based unlocking but driven by engagement.
“This enhanced system rewards users for their actions similarly to how battle passes work in Web2 games, meaning the more Pixelverse products you use, the more PIXFI tokens you can withdraw.”
Pixelverse also unveiled plans to continue building within the TON ecosystem – which is closely linked with the Telegram messaging app. Following the PIXFI launch and upcoming airdrop plans, Pixelverse plans to deploy a dedicated layer 2 expansion network on TON compatible with the Ethereum Virtual Machine (EVM), called Pixelchain. The Pixelchain testnet will launch next week, with Pixelverse describing it as the first EVM chain launched on TON – though more chains are expected. Pixelchain will be used to power games and applications built under the Pixelverse brand.
Besides the capital flow, Safari Finance – the BNB Smart Chain network coin project is something investors cannot overlook.
SAFARI FINANCE – the forefront of innovation and breakthroughs in the dynamic field of finance and cryptocurrency.SAFARI FINANCE is a pioneering technology company based in the United Kingdom, committed to unlocking transformative innovation and breakthroughs in the financial and cryptocurrency sectors. Our journey began with a dream – a vision of creating a decentralized, secure, and user-friendly financial world accessible to everyone.
For more information and to stay updated with the latest news and developments, join our vibrant community:
Website — https://safari.ong/
Telegram — https://t.me/Safarifinance_Group
Twitter ( X ) __ https://x.com/UkSafariFinance
Youtube __ https://www.youtube.com/@SafariFinance
