Pixelverse, a crypto gaming franchise that gained recent prominence with its PixelTap game on Telegram, recently launched its PIXFI token on The Open Network (TON) and announced plans for rewarding players with an airdrop. The current price of PIXFI stands at around $0.024, with some trackers showing a 17% increase while others report a 5% decrease due to the volatility of newly launched tokens. The total supply of PIXFI is 5 billion tokens, with 13.6% currently in circulation, giving the token a market cap of approximately $17 million and trading volume of $26 million.
Despite the fluctuating price, PIXFI’s launch marks a significant milestone for Pixelverse, allowing the project to move forward with offering token rewards to players via an airdrop. This initiative was not fully disclosed prior to the launch, and it has generated excitement within the Pixelverse community. Players of the PixelTap game can claim an NFT starting July 25, with the rarity level determining their eligibility to receive PIXFI tokens through the airdrop. Holders of Rare, Epic, or Legendary NFTs will be able to claim tokens, while Common or Uncommon NFT holders will not receive any allocation.
However, players who choose to claim their allotted PIXFI immediately will only receive 10% of the tokens, with the remaining 90% being recycled into the PIXFI Community Incentives Pool. To unlock the full allotment, users must continue playing PixelTap and using the Pixelverse dashboard, thereby increasing engagement and rewards. This innovative system mirrors the concept of battle passes in traditional games, where increased activity leads to greater token withdrawals. Pixelverse also announced its plans to expand within the TON ecosystem by launching Pixelchain, a layer-2 scaling network with EVM compatibility.
The Pixelchain testnet is scheduled to debut next week, positioning itself as the first EVM chain on TON and paving the way for additional chains in the future. This network will power games and applications developed under the Pixelverse brand, showcasing the project’s commitment to growth and innovation within the crypto gaming sector. While Decrypt sought clarification on the underlying technology behind Pixelchain’s EVM-compatible TON layer-2 network, details were not immediately provided. As Pixelverse continues to evolve and expand its offerings, the launch of PIXFI and the development of Pixelchain signal a new chapter in the project’s journey.
