Binance, the leading cryptocurrency exchange, has unveiled its latest venture: Pixels (PIXEL), a social web3 game built on the innovative Ronin Network. This marks the 46th project introduced by Binance, showcasing the platform’s commitment to expanding the crypto landscape.

PIXEL stands as a unique social web3 game designed to operate on the Ronin Network. Developed with cutting-edge technology, PIXEL offers users a captivating gaming experience within the realm of decentralized finance (DeFi) and blockchain.

In conjunction with the PIXEL launch, Binance introduces the PIXEL Launchpool on its platform. This initiative allows users to participate in staking and farming activities to earn PIXEL tokens, fostering engagement within the burgeoning web3 gaming ecosystem.

Anticipation brews among cryptocurrency enthusiasts as the countdown to the PIXEL launch commences. With its promise of innovative gameplay and potential rewards, PIXEL garners significant attention within the crypto community. Stay tuned for the latest updates as the launch date approaches.

Participation Details and Launchpool Specifics

To join the PIXEL Launchpool, users can engage in staking and farming activities on the Binance platform. By staking their Binance Coin (BNB) and FDUSD, participants can earn PIXEL tokens over a specified period.

Users can stake their BNB and FDUSD into designated pools to farm PIXEL tokens. The process involves locking in these assets for a predetermined period to receive PIXEL rewards based on their contribution.

The farming period for the PIXEL Launchpool is scheduled to commence on February 9, 2024, at 00:00 (UTC) and will run until February 18, 2024, at 23:59 (UTC). During this time, participants have the opportunity to engage with the PIXEL ecosystem and earn rewards through staking and farming activities.

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PIXEL Launchpool Specifics

Token Details: PIXEL, the native token of the PIXEL project, will be utilized within the ecosystem for various purposes such as in-game transactions and rewards.
Smart Contract Information: The PIXEL Launchpool operates on both Ethereum and Ronin networks, ensuring efficiency and interoperability.
Staking Terms and Requirements: Participation in the PIXEL Launchpool requires users to complete Know Your Customer (KYC) verification, ensuring compliance with regulatory standards.
Hourly Hard Cap per User: There are specific hourly hard caps per user for each pool, with limits set to ensure fair participation and distribution of rewards.
Supported Pools and Rewards Allocation: The PIXEL Launchpool offers two supported pools: BNB and FDUSD. Rewards are allocated based on the proportion of assets staked in each pool, with 80% of rewards allocated to the BNB pool and 20% to the FDUSD pool.

Stay informed about the PIXEL Launchpool for updates and further instructions on participation.

Participating in the PIXEL Launchpool

Engaging in the PIXEL Launchpool offers participants numerous benefits, including the opportunity to earn PIXEL tokens through staking and farming activities. By contributing their BNB and FDUSD assets, users can unlock rewards while actively participating in the emerging web3 gaming ecosystem.

The post Binance Launches 46th Project, Pixels (PIXEL) Social Web3 Game on Ronin Network appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am