Introduction

The crypto market is known for its rapidly evolving nature, with new projects and tokens emerging every now and then. Among these, gaming-focused cryptocurrencies, called GameFi projects, have carved out a significant niche, combining entertainment with blockchain tech to turn it into a source of earning.

In this context, Pixelverse, a popular game on the TON network, has officially announced the details of an airdrop of its PIXFI tokens on the evening of July 21, 2024. This announcement has already generated a buzz in the game's massive community. So, let's break down the project to find out what's in it for you.

What is Pixelverse?

Pixelverse is a cyberpunk-themed gaming franchise within the TON ecosystem, featuring the popular game PixelTap. This game has garnered a massive following, with over 75 million players, thanks to its engaging combat mechanics and community-driven development. Pixelverse aims to expand its presence in the Web3 gaming space by using the TON blockchain's capabilities to offer a fast, scalable, and cost-efficient gaming experience.

Background and History of Pixelverse

Pixelverse was officially launched on the Raiser.co platform in March 2024, spearheaded by Kirill Volgin, the former CEO of StepApp. Volgin, known for his success with StepApp, which achieved a trading volume of $3.85 billion in its first two weeks, brought significant experience to the project.

Alongside Volgin, Mahamadou Cissé, the ex-strategy director of Cross The Ages, joined as the CMO. Cissé's background includes helping Cross The Ages secure support from 60 VC firms and selling over 30 million digital trading cards. Today, Pixelverse's native token, PIXFI, is available on more than ten centralized exchanges (CEX) for trading across multiple pairs, while more partnerships are on the way.

Key Milestones

Since its launch, Pixelverse has achieved several key milestones. In April 2024, the alpha version of the Pixelverse Playground was released, allowing early adopters to experience the game and provide feedback. The full game was subsequently launched, with significant community engagement and positive reviews. The introduction of the PIXFI token airdrop marks another major milestone aimed at increasing player engagement and expanding the game's ecosystem.

Tokenomics

Chart showing token allocation of PIXFI, taken from Pixelverse's official website

PIXFI has a total supply of 5 billion tokens. A substantial 10% (500 million tokens) of this supply is allocated for the airdrop, targeting early users and active community members. The airdrop employs a unique vesting mechanism, allowing recipients to withdraw 10% of their tokens immediately while the remaining 90% is locked and gradually unlocked through ongoing participation in the Pixelverse ecosystem.

The Price Change of PIXFI on CoinEx

CoinEx Price Chart showing the price and trading volume of PIXFI token w.r.t. USDT on July 21, 2024

As of July 21, PIXFI tokens trade at a price of roughly $0.06, with a 24-hour trading volume of nearly $345K in USDT on CoinEx alone. Besides, the net trading volume all over the market exceeds $56 million, according to CoinMarketCap's data on July 21. The above chart shows that the token's price has declined nearly 14% in the last 24 hours. The fully diluted market cap of PIXFI is more than $308 million at the press time.

If you want to trade cryptocurrencies, CoinEx is a good place to find outstanding volatility and prices.

Overview:

Name: PIXFI
Official link: https://pixelverse.xyz/
Whitepaper link: https://docs.pixelverse.xyz/pixelverse
Explorer: https://etherscan.io/token/0xd795eb12034C2b77d787a22292c26fab5f5C70Aa
Total supply: 5 Billion
Contract address: 0xd795eb12034C2b77d787a22292c26fab5f5C70Aa
Telegram: https://t.me/pixelverse_xyz_chat
Twitter: https://twitter.com/pixelverse_xyz
Supported CEX: CoinEx, Bybit, Bitget, MEXC, Gate.io, HTX, BingX, etc.
Convenient for users to know in time: https://www.coinex.com/en/info/pixfi

*This information is not an investment advice.