The Pixels team has made headlines by announcing a generous PIXEL token airdrop, totaling 20 million, aimed at rewarding users of the Ronin network who stake RON tokens. This initiative is a token of gratitude towards the game project’s loyal community.
Staged Distribution to Engage Ronin Network Supporters
In a strategic move, the PIXEL token was launched into the market, and on a prior date, a snapshot was taken to determine the eligible participants. The allocation of the airdrop is tiered, based on the amount of RON staked by users, and it will be executed in two distinct phases. The distribution could potentially result in rewards of around 3.955 PIXELs per qualifying wallet.
Committed to facilitating a smooth reward claim process, the Pixels team has decided to direct the tokens to the game’s in-built mailboxes of the participants. This method also aims to encourage participation from both existing and prospective community members.
Analyzing the Impact of Airdrops on User Engagement
The effectiveness of airdrops in fostering long-term user engagement has been under scrutiny, with events like the Starknet token giveaway highlighting the transient nature of some participants’ involvement. Analysts critique that despite the initial surge in activity, a significant drop in user retention is often observed post-airdrop.
In contrast, cryptocurrency analyst Miles Deutscher suggests that airdrops present a low-barrier entry point for newcomers to the crypto market. Amidst these debates, the PIXEL token has witnessed a 24% rise in value following its trading debut, with a notable trading volume that underscores the strong interest from investors.