PIXEL (Pixels) Project Analysis Report
1. Institute Review:
On February 5th, Binance announced the listing of the native token RON of the Ronin chain. Shortly after, on February 8th, Binance quickly listed the token of PIXEL, a game on the RON chain. The RON official chain game, currently, the mining on Binance Lauchpool is coming to an end, and the heat has risen for a while. The sub-token $berry of @pixels_online has risen by nearly 500% since the announcement of the IEO, and the NFT of the project has accumulated a trading volume of 13,000 ETH on opensea. The project's investment institutions are of high quality, including YGG Union, Opensea Lab, and Animoca Brands, which are good at investing in the NFT field.
2. Recent Breakouts:
As a Binance IEO project, trading will open at six o'clock tomorrow afternoon. The token is on the eth chain and the ronin chain. The project has been operating for more than two years. Most of the active users on the Ronin chain are provided by the Pixels game. It is the leading project of the Ronin chain. Binance first listed the Ronin spot trading pair and then launched PIXEL as an IEO project, showing Binance's support for the project. The PIXEL token has been sent to users' game emails. Compared with previous Binance IEO projects, pixel has higher quality and more users.
3. Project Introduction:
The Pixels game is a metaverse farming game launched in 2021, which reproduces the atmosphere of classic 16-bit role-playing adventures. It allows players to navigate in a pixel art world, interact with each other, cultivate land, play mini-games, and earn token rewards. It also allows holders of selected NFT profile picture (PFP) collectibles to use their owned avatars in the game.
4. Token Function:
$PIXEL is the premium currency in the game, used to purchase items, upgrade and enhance appearance, which are not in the core game loop of Pixels and are harder to obtain. Players will obtain $PIXEL out of higher demand, such as saving game time and improving social status. The supply of $PIXEL will be strictly controlled and predictable. 100,000 new $PIXEL will be minted every day. Then, the new $PIXEL will be distributed to active players who participate in expected behavioral patterns beneficial to the Pixels ecosystem. $BERRY is the main circulating currency in Pixels, crucial to the core game loop, and easily accessible and easily earned in the game.
5. Token Economic Model:
Binance IEO 7%, Private Sale 14%, Team 12.5%, Advisors 9.5%, Ecosystem Reward 34%. Treasury 17%, Liquidity 1%, Alpha Reward 5%.
6. Project Highlights:
Gameplay: The game has complex gameplay, allowing players to collect resources, progress and upgrade, and P2E economy. Experiment: Pixels is an open public experiment about using incentive design in games, aimed at promoting digital ownership and incentive design in games. Pixels has a record of rapid and careful construction. Since its launch in 2022, it has released 60 public updates so far.
7. Investment Institutions:
As of February 8, 2024, the project has raised $4.8 million through three rounds of private token sales, led by Animoca Brands and PKO Investments, with participation from OpenSea and others, at a private sale price of $0.005.
8. Community:
Twitter has 192,000 followers, and Discord has 167,000 members. The community is the advantage of Pixels. As of February 8, 2024, there are over 150,000 daily active players, and more than 90 other Web3 projects are integrated into its gameplay. Pixels currently has over 1 million independent users. Since migrating to the Ronin network, Pixels has seen tremendous growth.
9. Special Economic Model:
None
10. Future Prospects:
Pixels previously operated on another expansion network, Polygon, and migrated to Ronin last autumn, with tokens on the Ethereum chain as well. The Ronin blockchain is mainly associated with the very popular monster battle game Axie Infinity. Nansen's data shows a significant increase in active users on Ronin, from about 20,000 in November to the latest update of 665,000, Pixels has integrated more than 90 web3 projects into its ecosystem.
Basic Information
Project Introduction: Pixels is a metaverse farming game launched in 2021, which reproduces the atmosphere of classic 16-bit role-playing adventures. It allows players to navigate in a pixel art world, interact with each other, cultivate land, play mini-games, and earn token rewards. It also allows holders of selected NFT profile picture (PFP) collectibles to use their owned avatars in the game.
Project Website: https://play.pixels.xyz/
Project Documentation: None
Block Explorer: https://etherscan.io/address/0x3429d03c6F7521AeC737a0BBF2E5ddcef2C3Ae31#code
Liquidity Inquiry: https://etherscan.io/token/0x3429d03c6F7521AeC737a0BBF2E5ddcef2C3Ae31
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CoinW Institute
2024/2/19