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Recently, the Pixels team, which has drawn attention with the announcement of Binance Launchpool, revealed their plans to distribute 20 million PIXEL tokens following the market’s high praise. It was stated that this airdrop would be conducted for Ronin network users who stake RON tokens in the future. The blockchain game project’s team has thus declared their intention to reward their long-standing loyal community through this airdrop.
Reward for the Ronin Community from PIXEL
The announcement of the PIXEL token’s market entry on Monday was initially planned and took place last Sunday. The platform took a snapshot on February 8 for eligible users and divided the RON stakers into four tiers based on their staking amounts to evaluate for the airdrops.
This move revealed that the airdrop would consist of two different phases. Accordingly, a total of 20 million PIXEL tokens will be distributed among the stakers at a certain ratio. Rumors suggest that the rewards could reach up to 3.955 PIXELs per eligible wallet.
The Pixels team made the following statement:
Without the Ronin Network community, Pixels would not be where it is today.
Furthermore, the project team is continuing their efforts to simplify the claim process for this reward. Tokens will be sent directly to the mailboxes that users have in the game. This will also facilitate access for both current and new members.
Challenges of Airdrops
On the other hand, it is a known fact that airdrops often involve challenging processes.
The Starknet token event can be cited as an example. Analysis of the participants in this airdrop shows that not all of them demonstrated long-term engagement. Some users seem ready to abandon the project after obtaining their rewards.
This approach by users leads to questioning whether airdrops truly encourage community participation and what long-term impact they create.
On-chain analyst Hitesh Malviya shared these words:
Starknet has become a ghost chain again. Active accounts peaked yesterday at 226,000 and have now dropped to 64,000. I have doubts about user retention on this chain.
A closer look at the cryptocurrency sector reveals that airdrops are more complex than they seem. Crypto analyst Miles Deutscher approaches the issue from a different angle, pointing out that airdrops serve as an accessible tool for new investors to enter the market.
In the midst of all this airdrop frenzy, the price of PIXEL increased by 24% after its first day of trading and is currently trading at $0.63 at the time of writing. It also reached the 129th spot with a volume of $486 million. The 24-hour trading volume is over $1 billion, indicating high investor interest.
