Pixelverse, a rising crypto gaming franchise known for its successful PixelTap game on Telegram, has launched its PIXFI token on The Open Network (TON).
Pixelverse, a rising crypto gaming franchise known for its successful PixelTap game on Telegram, has launched its PIXFI token on The Open Network (TON). The launch took place on Thursday, and the company also revealed plans to reward its players through an airdrop. PIXFI launched on July 18 and is currently trading at approximately $0.04351, up 68% since the token started trading.
The PIXFI token has a total supply of 5 billion. This gives PIXFI a fully diluted valuation of around $213 million, with daily trading volumes surpassing approximately $53 million so far. Pixelverse’s next steps include distributing token rewards to players via an airdrop.
In a Telegram post on Thursday, Pixelverse announced that starting July 25, PixelTap players will be able to claim an NFT, with the rarity level depending on their in-game progress. Players and users of the Pixelverse dashboard who hold a Rare, Epic, or Legendary NFT will qualify to claim PIXFI tokens through the airdrop. However, those with Common or Uncommon NFTs will not receive tokens.
There is a key detail to note regarding the airdrop. Users opting to claim their PIXFI tokens immediately will only receive 10% of their allotted tokens, with the remaining 90% being redirected to the PIXFI Community Incentives Pool. This system is designed to encourage continued engagement with Pixelverse products. Players can unlock their full token allotment by continuing to play PixelTap or using the Pixelverse dashboard.
Following the PIXFI launch and the upcoming airdrop, Pixelverse plans to deploy Pixelchain, a dedicated layer-2 scaling network on TON with Ethereum Virtual Machine (EVM) compatibility. The Pixelchain testnet is scheduled to launch next week. Pixelverse describes it as the first EVM chain to launch on TON. Pixelchain will support games and applications under the Pixelverse brand, further expanding its ecosystem.
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