PixelTap's $PIXFI Token Soars Post-Airdrop and Listing

On July 18, Pixelverse, the NFT and gaming platform operating on the TON Network, launched its native token, $PIXFI.

NFT and gaming platform Pixelverse, operating on the TON Network, has announced the launch of its native token, $PIXFI. Following the airdrop announcement, which allocated 10% of the total token supply to holders of Rare, Epic, and Legendary NFTs, the token has experienced a surge in value. On its debut day, $PIXFI's price increased by over 100%, quickly surpassing a market capitalization of approximately $300 million, before seeing a slight retracement.

$PIXFI was introduced on several centralized exchanges following the airdrop, including Bybit, HTX, Gate.io, Bitget, and MEXC. Pixelverse plans to gradually distribute an additional 20% of the total token supply to users of Pixelverse and Pixelchain. This move is intended to ensure long-term engagement and loyalty within the ecosystem.

To address the issue of sharp sell-offs associated with airdrops, Pixelverse has implemented a unique staking mechanism. Tokens received through the airdrop are automatically staked, with a substantial 90% penalty imposed on immediate withdrawals. This approach aims to stabilize the token's value and promote long-term holding among recipients.

"While early airdrops were designed to reward real users and were well-received, the landscape has changed. Farming and Sybil attacks have become common, leading to community frustration and negative price movements," Pixelverse states in its airdrop documentation. "Our approach is designed to counter these problems."

Pixelverse is known for its popular game, PixelTap — a tap-to-earn minigame integrated into Telegram on the TON ecosystem. The game has attracted millions of users who can earn rewards by tapping on coins and completing daily tasks, such as redeeming the PixelTap Daily Code.

In June alone, PixelTap welcomed 50 million new users, contributing to the broader "Tap-to-Earn" trend. In this trend, players earn rewards by regularly engaging with in-game characters, drawing inspiration from other successful tap-to-earn games like Hamster Kombat, Notcoin, and TapSwap.

Recently, Pixelverse introduced a new feature to PixelTap: "Pudgy," a character from the popular Pudgy Penguins NFT collection. This addition aims to further enhance the game's appeal and boost community interaction.

Back in May, Pixelverse announced that it had raised $5.5 million in a funding round led by Delphi Ventures, together with Merit Circle and Mechanism Capital. This funding will go towards continuing to develop and expand the Pixelverse ecosystem.

With the successful launch of $PIXFI and its strategic airdrop mechanism, Pixelverse is set to strengthen its position in the NFT and gaming sectors, promising continuous innovation and community growth.

On its launch day, July 18, $PIXFI saw a moderate increase, climbing nearly 50% shortly after listing and achieving a 178% rise within 24 hours, trading around $0.07136. The token holds potential for further growth, with estimates suggesting it could rise by up to 500% due to its expanding community base.

However, it's important to note that the cryptocurrency market is highly speculative and can be influenced by various factors. It is crucial to make informed decisions and conduct thorough research before engaging in any crypto-related activities.

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