Binance has announced the 46th project on Binance Launchpool – Pixels (PIXEL), a social web3 game built on the Ronin Network.
Users will be able to stake their BNB and FDUSD into separate pools to farm PIXEL tokens over ten days, with farming starting from February 09.
PIXEL Listing
Binance will then list PIXEL at February 19 and open trading with PIXEL/BTC, PIXEL/USDT, PIXEL/BNB, PIXEL/FDUSD and PIXEL/TRY trading pairs. The Seed Tag will be applied to PIXEL.
PIXEL Launchpool Details:
- Token Name: Pixels (PIXEL)
- Max Token Supply: 5,000,000,000 PIXEL
- Launchpool Token Rewards: 350,000,000 PIXEL (7% of max token supply)
- Initial Circulating Supply: 771,041,667 PIXEL (15.42% of max token supply)
- Smart Contract Details: Ethereum, Ronin
- Staking Terms: KYC required
- Hourly Hard Cap per User:
- 116,666.66 PIXEL in BNB pool
- 29,166.66 PIXEL in FDUSD pool
Supported Pools:
- Stake BNB: 280,000,000 PIXEL in rewards (80%)
- Stake FDUSD : 70,000,000 PIXEL in rewards (20%)
- Farming Period: February 9 to February 18.
Find out more about Pixels (PIXEL) in the research report here.
Terms of Launchpool
- Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances and calculate user rewards.
- Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.
- Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.
- Tokens can only be staked in one pool at a time.
- Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.
- Tokens staked in each pool and any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.
- Users who have staked their BNB in BNB Vault and Locked Products will automatically participate in the Launchpool, and receive new token rewards.
- If there are more than one Launchpool projects running concurrently, users’ BNB assets in BNB Vault and Locked Products will be split and allocated into each project equally unless otherwise specified.
- BNB Vault assets collateralizing against Binance Loans (Flexible Rate) are not entitled to Launchpool rewards.
- BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.
Participation in Launchpool is subject to eligibility based on the user’s country or region of residence. Please refer to the instructions on the Launchpool page.
Pixels Links: Website | Whitepaper | X | Discord | Medium
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