Leading cryptocurrency exchange Binance has announced the addition of its 46th project to the Binance Launchpool, presenting the PIXEL altcoin from the social gaming platform on the Ronin Network. PIXEL aims to foster a more interactive and decentralized gaming experience for its user base.
New Staking Opportunities
Beginning on February 9, 2024, Binance users will be able to stake their BNB and FDUSD tokens in order to farm PIXEL over a ten-day window. This initiative provides an avenue for users to accrue PIXEL rewards ahead of its official trading debut on the exchange.
Trading Pairs and Seed Tag
Post the staking period, PIXEL will be up for trade on Binance starting February 19, 2024. Trading pairs will include PIXEL matched with BTC, USDT, BNB, FDUSD, and TRY. Binance will also enhance PIXEL’s platform visibility by implementing a Seed Tag.
The PIXEL Launchpool will have a total of 350 million PIXEL tokens available as staking rewards out of its 5 billion maximum supply. This represents 7% of the total token allocation, with an initial circulating supply of 771 million PIXEL tokens. The rewards will be distributed with a larger portion allocated to BNB stakers compared to FDUSD stakers.
The staking initiative comes with a comprehensive overview that outlines the total token supply, rewards allocation, and the need for KYC compliance. The staking pools have specific allocations with BNB and FDUSD pools set to distribute 280 million and 70 million PIXEL, respectively. This distribution ratio aims to incentivize participation in Binance’s latest offering.
Maximizing Farming Opportunities
The PIXEL farming period is scheduled to provide enthusiasts with an extensive window to engage and earn within the PIXEL ecosystem. Through this period, participants will have the chance to better understand the platform and maximize their potential earnings in anticipation of PIXEL’s integration into Binance’s expansive trading environment.