PixelTap’s PIXFI Token Price Rises Above 100% After Listing
- PIXFI token jumped above 100% post-airdrop and listing and had a market cap of around $300 million
- Pixelverse’s airdrop distributed 10% of PIXFI’s supply, staked to prevent selloffs
- PIXFI is listed on Bybit, HTX, Gate, Bitget, and MEXC after the successful airdrop
PIxelTap’s $PIXFI Token Price Rises After Airdrop and Token Listing
Pixelverse, a non-fungible token (NFT) and gaming platform PixelTap on TON Network, launched its native token, $PIXFI, on July 18. The $PIXFI airdrop, which distributed 10% of PIXFI’s total supply to holders of its Rare, Epic, and Legendary NFT collections, raised significant interest that caused the token’s value to surge above 100% in tone day of token listing. It has also crossed a market capitalization of approximately $300 million before experiencing a slight pullback.
PIXFI Token Listing
After $PIXFI Airdrop, $PIXFI was listed on several major centralized exchanges including Bybit, HTX, Gate.io, Bitget, and MEXC. Pixelverse plans to distribute another 20% of its total token supply to users of Pixelverse and Pixelchain over time, to develop and maintain long-term engagement within its ecosystem.
PixelTap Airdrop Mechanism
In free crypto distribution by airdrops, there is always a problem of sharp selloffs to tackle this situation Pixelverse has implemented a unique staking technique in this mechanism airdropped tokens are automatically staked for further rewards, and immediate withdrawal incurs a 90% penalty. This approach aims to stabilize the token’s value and encourage long-term holding among recipients.
“Although early airdrops were seen as a way to reward real users and were welcomed by the community, farming and sybil attacking have since taken over amongst industrious users, and airdrops these days usually lead to community outrage and negative price action on tokens,” Pixelverse stated in its airdrop documentation.
PixelTap and Community Engagement
Pixelverse is renowned for its hit game, PixelTap, a tap-to-earn Telegram-based minigame on the TON ecosystem that has attracted Millions of users where users were rewarded by Tapping on the coin and by completing daily Tasks like PixelTap Daily Code.
In June alone, PixelTap reportedly drew in 50 million new users. The game is part of the "Tap-to-Earn" phenomenon, where players are rewarded for regular engagements using in-game characters inspired by popular tap-to-earn games like Hamster Kombat, Notcoin, and TapSwap.
On July 16, Pixelverse announced a new addition to PixelTap: "Pudgy," the character from the widely-recognized Pudgy Penguins NFT collection, enhancing the game's appeal and community engagement.
Recent Funding and Future Plans
In May, Pixelverse secured $5.5 million in a funding round led by Delphi Ventures, Merit Circle, and Mechanism Capital. This financial boost is expected to support further development and expansion of the Pixelverse ecosystem.
With the successful launch of $PIXFI and the strategic design of its airdrop, Pixelverse is set to solidify its position within the NFT and gaming sectors, promising further innovations and community-driven growth.
PIXFI Price Prediction
On July 18, Pixelverse, an NFT and gaming platform on The Open Network (TON), launched its PIXFI token with a highly anticipated airdrop. The token surged nearly 50% shortly after listing and is now up 178% in the past 24 hours, trading around $0.07136. It has the potential to cross around 500% as estimated because of its larger community base.
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