Binance today made a new announcement for an altcoin. The cryptocurrency exchange introduced Pixels (PIXEL), a groundbreaking social web3 game developed on the Ronin Network, as the 46th project on Binance Launchpool. Let’s take a closer look at the details.
Staking for Rewards
Users will have the opportunity to deposit their BNB and FDUSD into separate pools to earn PIXEL tokens through farming starting from 12:00 PM Turkey time on February 9, 2024, for a period of ten days.
Following the farming period, Binance will officially list PIXEL at 12:00 PM Turkey time on February 19, 2024, and facilitate trading with PIXEL/BTC, PIXEL/USDT, PIXEL/BNB, PIXEL/FDUSD, and PIXEL/TRY trading pairs. A Seed Tag will be applied to PIXEL to ensure its visibility and accessibility on the platform.
PIXEL Launchpool Overview
- Token Name: Pixels (PIXEL)
- Maximum Token Supply: 5,000,000,000 PIXEL
- Launchpool Token Rewards: 350,000,000 PIXEL (7% of the maximum token supply)
- Initial Circulating Supply: 771,041,667 PIXEL (15.42% of the maximum token supply)
- Smart Contract Details: Ethereum, Ronin
- Staking Conditions: KYC required
Staking Limits and Pool Allocations
- BNB pool: 116,666.66 PIXEL.
- FDUSD pool: 29,166.66 PIXEL.
- 80% of rewards, amounting to 280,000,000 PIXEL, will be distributed to BNB stakers.
- 20% of rewards, amounting to 70,000,000 PIXEL, will be distributed to FDUSD stakers.
Farming Period
The farming period will start at 03:00 AM Turkey time on February 9, 2024, and end at 11:59 PM on February 18, 2024. This period will provide ample opportunity for users to engage with the PIXEL ecosystem and maximize their token rewards.
With the introduction of Pixels (PIXEL) on Binance Launchpool, users can expect an exciting journey into the decentralized gaming world while leveraging the power of blockchain technology.
