‘Pixelverse’ Reveals Telegram Game Airdrop and TON L2 Plans as PIXFI Launches

Pixelverse, a crypto gaming franchise that has quickly gained current prominence partly because of the success of its PixelTap recreation on Telegram, launched its PIXFI token on The Open Community (TON) on Thursday—and revealed plans for rewarding gamers with an airdrop.

PIXFI is at present buying and selling at a worth of round $0.024, as of this writing, although worth trackers fluctuate on whether or not it’s up or down since launch because of the excessive volatility of newly launched tokens. CoinGecko calls it up 17% to date, whereas CoinMarketCap frames it as an almost 5% lower on account of various beginning costs logged by every respective tracker.

The PIXFI token has a complete provide of 5 billion tokens, and a Pixelverse consultant confirmed to Decrypt that 13.6% of that offer is at present circulating, giving the token a market cap of round $17 million. It has amassed about $26 million in buying and selling quantity to date.

No matter its present worth momentum, PIXFI’s launch has paved the way in which for Pixelverse’s subsequent steps, together with providing token rewards for gamers through an airdrop. That’s one thing that the undertaking had been cagey about main as much as the launch.

Based on a Telegram submit on Thursday, Pixelverse will let PixelTap gamers declare an NFT starting July 25, with the rarity degree of the NFT depending on their in-game degree.

PixelTap gamers and customers of the Pixelverse dashboard who then maintain a Uncommon, Epic, or Legendary degree NFT will be capable of declare PIXFI tokens through the airdrop, whereas holders of Widespread or Unusual NFTs gained’t get a token allotment.

However there’s a catch—or moderately, some necessary nuance to contemplate. Customers who decide to assert their PIXFI instantly will solely be capable of take 10% of the allotted tokens, with the remaining 90% “being recycled into the PIXFI Neighborhood Incentives Pool,” per an official explainer.

Gamers can earn out extra or the entire allotment just by persevering with to play PixelTap and/or utilizing the Pixelverse dashboard. It’s not a timed unlock, however moderately pushed by engagement.

“This progressive system rewards customers for his or her actions equally to how battle passes work in Web2 video games,” the submit reads, “which means the extra you make the most of Pixelverse merchandise, the extra PIXFI tokens it is possible for you to to withdraw.”

Pixelverse additionally revealed its plans to proceed constructing within the TON ecosystem, which is carefully aligned with the Telegram messaging app. Following the launch of PIXFI and the upcoming airdrop plans, Pixelverse plans to deploy a devoted layer-2 scaling community on prime of TON with Ethereum Digital Machine (EVM) compatibility, referred to as Pixelchain.

The Pixelchain testnet is ready to launch subsequent week, with Pixelverse describing it as the primary EVM chain to launch on TON—although extra are coming. Pixelchain will likely be used to energy video games and apps constructed beneath the Pixelverse model. Decrypt inquired in regards to the tech getting used to energy Pixelchain’s EVM-compatible TON layer-2 community, however didn’t obtain rapid clarification.

Edited by Ryan Ozawa.