Pixels announced that it will soon launch $PIXEL on Binance Launchpool. No date has been announced yet, but Pixels has made it clear that the goal of listing the token is to enable more robust gameplay. Pixels is also working to phase out $BERRY, with an in-game replacement taking effect immediately. Replaced by off-chain coins.
Listing $PIXEL on Binance will contribute to our efforts to make Web3 a better place for gamers. We also strive to support a strong ecosystem and build a strong foundation.
pixel We aim to make the gaming economy sustainable and long-term. The idea is to study what works in Web3 games based on learnings from Web2 games. Introducing $PIXEL and phasing out $BERRY is called a strategic move by Pixels.
$BERRY holders have nothing to worry about. Because Pixels has already drafted a work plan for them. Token holders will be rewarded $PIXEL in equal proportions. This happens in two different ways, depending on the status of the token holder.
For example, in-game $BERRY holders don’t have to do anything on their part. Replacement in the form of compensation occurs automatically. This means you will automatically receive $PIXEL.
The same goes for token holders outside of the gaming ecosystem. You will need to go to your dashboard and select to redeem tokens manually. According to the official announcement, the sooner you act, the better rates you will receive. The current exchange rate stated is 1000 $BERRY for 7.6175 $PIXEL. Proportional compensation will be applied to in-game holders.
Another objective driving this initiative is to reduce market selling pressure on DEXs, also known as decentralized exchanges. It then addresses regulatory issues related to money transfer authorizations, particularly in the UK and the US.
I think phasing out $BERRY would work. Pixels said that focusing its efforts on a single token will help streamline the project’s economic model while improving player experience and overall efficiency.
$BERRY has often been viewed in a negative light. The daily inflation rate has reached 2% and there is now a dire need to control it. It is only in a sustainable ecosystem that pixels can build a stronger future.
Going forward, the introduction of Chapter 2 will strengthen safeguards for $PIXEL and encourage players to cooperate and complete tasks to earn tokens.
Current development is building on the success of Pixels the previous year, 2023. The game has become one of the biggest games on Web3 with over 180,000 DAU. This growth has been achieved thanks to the community and migration to the Ronin blockchain. As games are introduced to a wider audience in the Ronin ecosystem, Pixels’ growth increases.