Pixels.xyz (PIXEL)

Today’s gaming world has revolutionized with the Play-to-Earn (P2E) blockchain gaming industry.

However, most of these games are RPG or Action based.

But, there’s still a game that has an idle simulation mechanism and gives relaxing retro vibes, Pixel.xyz.

The game grabbed some attention in a short time, even though its interface appears like a 90s open-world game.

So, how it has found a place in the ruthless, action-packed GameFi realm where everyone loves fast-paced style? Let’s find out!

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Introduction to Pixels.xyz (PIXEL)

Pixel.XYZ is a multiverse game, designed on Web3.

It is a social online gaming platform, that is different from popular action-packed crypto games.

Instead, players farm in an open world, exploring regions and engaging with other players.

The game is based on Ronin Network, where its in-game currency for purchases is PIXEL.

The platform was created in April 2020 to incentivize people into the GameFi world.

Its founder, Luke Barwikowski, doesn’t have a prominent back story.

He was just a technical consultant at Push Labs. However, coming up with and developing an amazing browser-based blockchain game is pretty interesting.

Overview of Pixels.xyz

Pixel.xyz has multiple core pillars that define its structure, gameplay, and player interaction.

Users can benefit from its play-to-earn (P2E) nature, join guilds to make new friends, buy NFTs to personalize their profile and avatar and explore a vast land.

Players can farm crops, complete quests, gather resources, and much more.

Completing quests gives them the off-game currency (coins) and the in-game currency (PIXEL).

Its foundation, the Ronin blockchain, is further based on the Ethereum Virtual Machine (EVM), which increases its flexibility.

The Gaming Concept and Experience

In the game, players basically gather resources and increase their skills.

These resources can be materialistic, like soil, crops, wood, stone, and metal, or not, like storage space and power.

These are divided into five tiers, i.e., common, special, remarkable, amazing, and legendary.

Besides farming, players can also perform other actions, such as cooking and crafting.

They can also craft blueprints or make recipes which will help them progress.

From the blockchain part, players can use the $PIXEL to gain multiple benefits.

As the developers intended, they want to make it less functional and more show-off.

For example, players can unlock new NFTs for their avatar with $PIXEL to make them cooler.

However, they can still play the game without them (in a dull mode).

But it’s not like $PIXEL is all useless. It is worth gathering as well (discussed later).

In-Depth Look at PIXEL Tokenomics

To obtain the Pixel.xyz luxuries and get an edge over the other players in aesthetics, the users will need PIXEL tokens.

Consider it a premium currency, as in gems to coins in many regular games, but they can cash it out too.

What are PIXEL Tokens?

PIXEL is the native token for Pixel.xyz, allowing people numerous perks.

They can get these tokens by fulfilling higher-level quests or earning different badges.

In return, PIXEL allows its lucky holders to benefit from membership plans, join guilds, and have pets.

Moreover, they can also unlock new NFT skins and avatar features, boost energy or building speed, get exclusive items, and access new crafting recipes.

They can also use the tokens to get enhancers that can boost their XP and skill points.

Distribution and Supply

The total supply of PIXEL tokens is 5 billion, but only 15.42% is in circulation.

It sums up to above 770 million $PIXELs.

On the other hand, the platform has locked the majority of the supply for ecosystem rewards which is 34%.

The 17% is allocated to the treasury, while the team has taken only the 12.5% of the tokens.

Apart from that, 14% is for the investors, 9.5% is for the advisors, and 5% is reserved for alpha rewards.

Interestingly, 7% is also reserved for Binance Launchpool. The remaining 1% will be sent in liquidity.

How to Purchase PIXEL Tokens

So, players can get PIXEL by playing the game and progressing in quests.

But, what if the other users don’t want to play the game but want the token?

Here’s how they can purchase $PIXEL outside Pixel.xyz.

Setting Up a Crypto Wallet

Before purchasing PIXEL tokens, users must consider where they will keep the token.

In the game, they have the in-game wallet which holds the tokens.

However outside, they require a digital wallet.

It is not like they can select any wallet they like.

It should be compatible with holding $PIXEL.

Although several types of digital wallets are out there, let’s consider hot wallets here (for convenience).

Now, the setup and registration process may vary, it usually follows a common procedure.

1. Download the wallet’s software on mobile or desktop (as an extension).
2. Register on the wallet and create an account. Now, many wallets don’t require entering personal information. However, some may ask for an email address.
3. The only required thing is creating a password.
4. After that, the wallet will show a key phrase or secret phase. It is a specific combination of words that should be kept safe. Otherwise, retrieving the wallet in case of forgetting the password will be impossible.
5. Once the key phrase is noted down and confirmed, the wallet is ready to get some PIXELs.

Choosing a Cryptocurrency Exchange

Since PIXEL tokens are getting attention quickly, several cryptocurrency exchanges have also started to list them.

However, Pixel.xyz is only available on 24 platforms (at the time of writing).

Luckily, these exchanges include many big names as well, like Binance, Gate.io, Bitget, Crypto.Com, and others.

Purchasing PIXEL Tokens Step-by-Step

After the selection of a digital wallet to hold the Pixel tokens and the exchange that lists them, it’s time to purchase them.

All the above-mentioned platforms may have a different process for the purchasing of the token, but they more or less have the same procedure, like the following:

1. Select the platform and go to its website (or download the mobile application if available).
2. Create an account.
3. Complete the KYC verification as it is a pre-requisite for many exchanges to allow cryptocurrency purchases. Some may be completed in a few minutes, while some may take a day.
4. After verification, go to the “Buy Crypto” tab (or having a similar name).
5. Select Pixel tokens in the purchase box.
6. Now, people can purchase the tokens in multiple ways. They can either buy them with the in-app balance or exchange them with other cryptocurrencies. Another option is to purchase it with fiat currencies via credit/debit cards. Otherwise, P2P trading with other platform users is always available.
7. After executing the desired purchase method, the token will appear in the native wallet after some time.
8. Holders can either keep it there or move it to the other (newly created) digital wallet.

Participating in the Pixels.xyz Community

Pixel.xyz might be relatively new and has not been in the GameFi industry for long, it has gathered a user base large enough.

Players can easily find communities and groups outside the game, where they can share tips and discuss features.

Engaging with Other Players

In the game, people will have diverse options to walk into, interact with, and befriend other players.

Simply walk close to them and click on their avatar.

But outside this open-world metaverse, they can make Pixel.xyz friends as well.

Several Quora and Reddit forums are available where Pixel players share their thoughts.

They can also refer to social media channels, like Facebook groups or X (Twitter) threads.

There, the players can learn about PIXEL gathering tips, quest solutions, or have discussions.

Earning and Trading PIXEL Tokens

As mentioned earlier, players can earn PIXELs by completing quests available on a taskboard.

However, finding a $PIXEL rewarding task is not common as the mechanism is rare.

To control the distribution, the Pixel.xyz team has created a set number of tasks that are sent randomly to a maximum of 1000 users in a day.

The reward depends on the player’s reputation, level farm, pets, VIP stage, and the completion of quests in total.

On the other hand, people can trade their PIXEL tokens with other players as well in the game.

For example, if they have a sufficient amount of Popberry or Berry, then they can trade it with a player who has $PIXEL tokens.

Future of Pixels.xyz and PIXEL Tokens

As the game is getting more and more attention, it is getting popular among Web3 gamers.

Since the PIXEL token has just recently launched, it is hard to say anything for sure.

However, the potential seems high enough because, within a month, it crossed the $1 mark on March 11 (momentarily for once).

Roadmap and Future Updates

The Pixel.xyz team has multiple plans and ideas for the game which they might add down the road.

These plans include more Pets with abilities, roleplaying games, and exciting quests.

But these are their plans for the near future.

According to their long-term planning, the team may bring competitions, Space personalization, horticulture leveling, animal husbandry, business benchmarks, and other mini-games.

Strategic Partnerships and Expansions

With the evolving ecosystem of Pixel.xyz, many gaming partners are joining the platform.

Their current investors include Untapped, Animoca Brands, PKO, and OpenSea. Other than these companies, CEOs of Rotten Tomatoes, Crunchy Roll, and FitBit are also among their investors.

Conclusion

Pixel.xyz is only in its early stage and it already has gathered a great deal of players.

In fact, its price surpassing the $1 mark within the first month also hints towards its potential.

Since the development team has several plans for the token in the future, its price may even go higher.

However, it can also be just a big bubble where initial hype is all it has. It can be too early to promise anything for such a new cryptocurrency.

But as per the vision and aim of the game.

Pixel.xyz may have a bright future.

So, only invest if you feel the token will boost for success in the near future.

Note: It is not a financial advice.

Contact your financial advisor or an expert for a better guide on investment.

We Coin-Labs.com provides only objective information about Pixels.xyz (PIXEL).
Therefore, we are not responsible for the investment decision in Pixels.xyz (PIXEL) and the resulting loss.

Pixels.xyz (PIXEL) Basics

Here are some factors that investors should consider before investing in Pixels.xyz (PIXEL).

Cryptocurrency Features	Pixels.xyz (PIXEL) (PIXEL)
Publisher or Developers	Banger Inc.
Headquarters (Registration Number)
Symbol	PIXEL
Platform
Published Date (CMC Registration)	2024-06-25
Max Supply	1,000,000,000 PIXEL

Reliability Score of Pixels.xyz (PIXEL) in 2024

These are indexes mesuring the investment reliability of Pixels.xyz (PIXEL) conducted by Coin-Labs.com.

Investment Reliability Rating Items	Scores and Current Status
Company Activation Rate	/ 10.0 CAR
Communication Rate	/ 10.0 CR
Technology Transparency Rate	/ 10.0 TTR
Development Participation Rate	/ 10.0 DPR
Listing Status on the World's Top 10 Exchanges	Listed on 3 Exchanges
Number of Available Pairs Worldwide	12 Pairs
Market Cap of the Cryptocurrency	0 USD (Rank #4142)

The table above shows the result of investment suitability evaluation for Pixels.xyz (PIXEL).
Check out how we evaluate cryptocurrencies on the crypto rating description page.

Pixels.xyz (PIXEL) Price

Here are the price and recent trading volume of Pixels.xyz (PIXEL). (Data of 2024-06-26 06:05:00)

Price Items	Price and Trading Volume of Pixels.xyz (PIXEL)
Pixels.xyz (PIXEL) Price	0.001 USD
Price Change 24h	-5.54%
Price Change 7d	40.30%
Trading Volume 24h	10,560 USD
Trading Volume Change 24h	86.31%

Cryptocurrency Metadata

You can check the development status and social media information of Pixels.xyz (PIXEL) through the links in the table below.

Metadata Source	URL
🌎 Official Website
📖 White Paper
🛰️ Source Code (GitHub)
🐦 Twitter
🤖 Reddit
🎺 Message Board

Where to Buy Pixels.xyz (PIXEL)

Here are the top ten world crypto exchanges where traders can buy Pixels.xyz (PIXEL) in 2024.

Top10 Exchanges	Listed Status	Page URL
Binance	Listed	https://www.binance.com/en/trade/PIXEL_USDT
Coinbase	Not listed
Kraken	Not listed
KuCoin	Not listed
Bitfinex	Not listed
OKX	Not listed
Huobi	Listed	https://www.htx.com/trade/pixel_usdt
Bitstamp	Not listed
Bybit	Not listed
Gate.io	Listed	https://www.gate.io/trade/PIXEL_USDT

Frequently Asked Questions