PIXFI Token Airdrop Impact Results in 50% Increase
On July 18, the much-anticipated Pixelverse airdrop, an NFT and gaming platform on The Open Network, took place. The native token, PIXFI, was introduced. The Open Network (TON) token saw gains of about 50% in the first few hours following listing, approaching $200 million in fully diluted market value before retreating later in the day, according to CoinMarketCap. Currently, the PIXFI token can be found listed on several centralized exchanges, such as Bitget, MEXC, HTX, Gate, and Bybit.
- To owners of its Rare, Epic, and Legendary NFT collections, Pixelverse airdropped 10% of PIXFI‘s total supply.
- Users of Pixelverse and Pixelchain will eventually receive an additional 20% of the project’s tokens.
Pixelverse: Innovative Solution to Prevent Flash Sales in Airdrops
The purpose of the airdrop was to prevent the sudden selloffs that frequently occur after free token releases. According to Pixelverse, tokens that are airdropped are automatically “staked” for more benefits, and withdrawing them right away carries a 90% penalty.
Although early airdrops were seen as a way to reward real users and were welcomed by the community, farming and sybil attacking have since taken over amongst industrious users, and airdrops these days usually lead to community outrage and negative price action on tokens,
airdrop documentation
PixelTap was among the first to introduce the tap-to-earn social gaming trend, which pays users for frequent participation. According to Pixelverse, players create in-game avatars based on well-known memes, such as Doge from the Dogecoin memecoin, who engage in up to 10 million battles every day.
FAQ
What is Pixelverse?
The popular Telegram minigame PixelTap, with a cyberpunk theme and an estimated 50 million new users in June alone, is the brainchild of Pixelverse. It is based on TON, a layer-1 blockchain currently run by the TON Foundation that was first created by the same team that developed the Telegram messaging app.
Why Has the Value of PIXFI Token Increased?
The PIXFI token received a lot of attention after the airdrop, which led to a rapid increase in the token’s value.
How Can You Benefit from the PIXFI Token Airdrop?
To benefit from the PIXFI token airdrop, you need to join the Pixelverse ecosystem and fulfill the airdrop conditions. Detailed information is usually provided in the official announcements.
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