Binance is announcing plans to list an upcoming social Web3 gaming altcoin via its Launchpool platform.
The top global crypto exchange says the 46th Binance Launchpool project will be Pixels (PIXEL), a blockchain-based, open-ended game focused on farming and exploration.
Launchpool allows users to stake coins to farm new assets.
Starting on Friday, Binance users will have 10 days to stake BNB and the stablecoin First Digital USD (FDUSD) in separate pools to farm PIXEL tokens. The exchange will then list PIXEL for trading on February 19th and apply a seed tag to the asset.
Binance applies seed tags to lower-liquidity tokens that have more volatility potential, and users who own assets with tags are required to pass quizzes every 90 days to ensure they’re aware of their inherent risks.
Pixels promoted the exchange listing on the social media platform X and noted that the game surpassed more than 180,000 daily active users (DAU) in 2023.
“Our explosive growth can be attributed to two core factors: our community and our migration to Ronin, Sky Mavis’ proprietary blockchain. Behind every successful web3 game is a thriving, engaged, and passionate community.
We started with a core, devoted community that has only expanded as Pixels was introduced to the players in the Ronin ecosystem.”
Ronin (RON) is a gaming-focused Ethereum (ETH) sidechain.
Pixels previously utilized an in-game, on-chain currency, BERRY, but plans to phase it out in favor of PIXEL. The project says BERRY holders will be rewarded with a proportionate amount of PIXEL. BERRY will also be replaced by an off-chain coin in the game, according to Pixels.
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