Binance, one of the leading cryptocurrency exchanges, is set to launch a new staking campaign through its Launchpool feature. This time, the rewards will be in the form of up to 350 million PIXEL tokens, which will be distributed to participants in anticipation of the live launch of the Ronin gaming token later this month.
Binance customers who wish to participate in the staking activities can earn PIXEL tokens by staking either the platform’s native token, BNB, or the FDUSD stablecoin in their respective liquidity pools. This campaign aims to distribute 7% of the total PIXEL supply, which amounts to 350 million tokens.
The Launchpool promotion is scheduled to commence on February 9 and will run for a period of 10 days. Following this, the PIXEL token will be officially listed on Binance for trading, starting from February 19.
Pixels is a popular farming and life simulation game that operates on the Ronin network, an Ethereum scaling network specifically designed for gaming. Previously hosted on the Polygon network, Pixels made the migration to Ronin in the fall of last year. Since then, the introduction of play-to-airdrop campaigns and the move to Ronin has significantly increased the number of daily active users on the Ronin blockchain. This migration and success have not only showcased the potential of blockchain technology in gaming but have also driven adoption for both networks.
Although it is still uncertain, there is a possibility that Pixels may conduct airdrops of PIXEL tokens to players who have successfully completed the game’s play-to-airdrop campaigns. Based on their in-game achievements, around 28,000 wallets are eligible for the potential airdrops.
The upcoming Launchpool promotion from Binance presents a great opportunity for users to earn PIXEL tokens and actively participate in the blockchain-based gaming world. With the PIXEL token’s official listing on Binance, more traders and investors will have access to it, potentially leading to an increase in its value. Additionally, the success of Pixels and other games on the Ronin network further demonstrates the potential for blockchain technology to transform the gaming industry.
Binance’s staking campaign for PIXEL tokens through its Launchpool feature is an exciting development for both the crypto and gaming communities. This campaign provides users with the chance to earn PIXEL tokens by staking BNB or FDUSD, contributing to the overall growth and adoption of blockchain-based gaming. With the official listing of the PIXEL token on Binance, the potential for increased trading activity and value appreciation becomes evident. This move not only benefits the participants but also highlights the potential of blockchain technology to revolutionize the gaming industry.
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